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CFC Activelite withdrawals
Rank: Member Joined: 10/10/2009 Posts: 52
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Dear members, I need advice on whether anyone one in this forum has withdrawn from the online cfc trading account. Experiences with EFT and cheque option will be most helpful including cost and processing period. Thanks SKerians.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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@marshalliah, the last time i made a withdrawal, which is a while back, i sent my request by email. They discontinued issuance of cheques unless you work via their agents. However, they will conveniently send you the money directly to your bank account through EFT, RTGS or TT. EFT is free while RTGS-KES 1,500/=, TT-Higher of KES 1,500/= or 2% of the value.
... others may give their experience
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Rank: Member Joined: 11/9/2010 Posts: 132
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mwekez@ji wrote:@marshalliah, the last time i made a withdrawal, which is a while back, i sent my request by email. They discontinued issuance of cheques unless you work via their agents. However, they will conveniently send you the money directly to your bank account through EFT, RTGS or TT. EFT is free while RTGS-KES 1,500/=, TT-Higher of KES 1,500/= or 2% of the value.
... others may give their experience True, you have to fill a form and attach a copy of your ID. Just email, ost@stanbic(dot)com
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Rank: New-farer Joined: 5/30/2013 Posts: 25
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[quote=marshalliah]Dear members,
I need advice on whether anyone one in this forum has withdrawn from the online cfc trading account. Experiences with EFT and cheque option will be most helpful including cost and processing period.
For a chequ, if transacting with them through agent,you would have to send in copy of your ID, then for amounts more than KES 100k, someone from CFC has to call to confirm that it you, a cheque is done for you to collect...give that about 5 working days and it'll cost KES 400. But go for EFT,it's free
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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mwekezaji, I thought EFT costs mia tatu . GOD BLESS YOUR LIFE
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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youcan'tstopusnow wrote:mwekezaji, I thought EFT costs mia tatu .
Made a withdrawal in Jan and another in March via EFT and they dint charge me a dime
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Interesting:
EFT Clearing cycle; T+1
Cheque Clearing cycle; T+3 (to be reduced to T+2 effective June 17,2013)
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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mwekez@ji wrote:Interesting:
EFT Clearing cycle; T+1
Cheque Clearing cycle; T+3 (to be reduced to T+2 effective June 17,2013) Hey EBS @mwekez@ji Is this in-house or sector wide? Interesting.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Cde Monomotapa wrote:mwekez@ji wrote:Interesting:
EFT Clearing cycle; T+1
Cheque Clearing cycle; T+3 (to be reduced to T+2 effective June 17,2013) Hey EBS @mwekez@ji Is this in-house or sector wide? Interesting. Hey Chief @Cde. Its sector wide. Automation of the banks clearing house is yielding desired effects.
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Rank: Member Joined: 10/10/2009 Posts: 52
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thanks very much @mwekez@ji and everyone else. Am wiser thanks to you all. Will definitely use the EFT option. Thanks
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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mwekez@ji wrote:youcan'tstopusnow wrote:mwekezaji, I thought EFT costs mia tatu .
Made a withdrawal in Jan and another in March via EFT and they dint charge me a dime I think it cost me 50/= at Genghis and not sure if Co-op charged me on crediting. The opposite of courage is not cowardice, it's conformity.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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mwekez@ji wrote:Cde Monomotapa wrote:mwekez@ji wrote:Interesting:
EFT Clearing cycle; T+1
Cheque Clearing cycle; T+3 (to be reduced to T+2 effective June 17,2013) Hey EBS @mwekez@ji Is this in-house or sector wide? Interesting. Hey Chief @Cde. Its sector wide. Automation of the banks clearing house is yielding desired effects. Good look. Cheers 
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Cde Monomotapa wrote:mwekez@ji wrote:Cde Monomotapa wrote:mwekez@ji wrote:Interesting:
EFT Clearing cycle; T+1
Cheque Clearing cycle; T+3 (to be reduced to T+2 effective June 17,2013) Hey EBS @mwekez@ji Is this in-house or sector wide? Interesting. Hey Chief @Cde. Its sector wide. Automation of the banks clearing house is yielding desired effects. Good look. Cheers Cheers
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