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FirstRand Bank Limited (London Branch) UK establishment office (Branch Reg No BR010027), is a branch of FirstRand Bank Limited, a public limited company registered with the Companies and Intellectual Property Commission in South Africa (Reg No 1929/001225/06). FirstRand Bank Limited is authorised and regulated by the South African Reserve Bank’s Prudential Authority. Authorised by the Prudential Regulation Authority. Subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority.  Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request.

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DomesticPaymentSolutions

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Domestic Payment Solutions

We understand the need for efficient and effortless domestic payments and have designed our solutions and services to ensure you can move money quickly, securely and without hassle. Our domestic payment solutions can be accessed via our Online Banking Enterprise™ and Integration Channel. We offer a full range of domestic payment solutions to suit all your everyday payment needs.

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Standard Domestic Payments

Our Electronic Funds Transfers (EFT) solution enables you to move money across an online network, between banks, to settle financial obligations electronically. EFTs can be used to make salary payments, cover vendor expenditures, pay for your utilities and make other everyday payments. In addition, eWallet Pro enables electronic payments to employees, suppliers, or clients, even if they don't have a bank account. Payments can be made to cell phones and eWallet Pro VISA debit cards.

Real-time payments (RTP)

RTPs are processed instantly, 24/7. Unlike traditional payment methods that can take hours or even days to be processed, RTPs ensure that funds are transferred and available to the recipient within seconds. Our RTP solution is accessed through our Urgent Pay Solution.

Urgent Pay

Urgent Pay, which currently leverages PayShap payments, is our new real-time composite payments solution. Developed as an “agnostic” payment API, it is designed as multi payments rail enabling access to a range of payment types and services through a single API call. Urgent Pay enables single and bulk real-time interbank payments to all PayShap-participating banks. Additional payment rails will be added to our Urgent Pay solution in the near future.

Real-Time Gross Settlement (RTGS)

RTGS is typically used for high-value transactions (of greater than R5 000 000) which require immediate clearing. The RTGS rail is managed by central banks to ensure the security and efficiency of the payment process. RTGS is available Monday to Friday and has applicable cut off times.

Card Payments

For businesses that rely on card-based transactions—whether for business or travel expenses—our corporate credit and debit cards offer flexibility, security, and full control over expenses. By providing exclusive benefits and optimising transactions we enable the management of your expenses efficiently and conveniently. Our cards are ideal for daily business expenditures, locally and globally.