Save money on bank transfers via Raast
It’s no surprise that transaction costs can add up, potentially draining savings and making simple transactions a huge pain. So, how can one avoid all these costs?
Here’s a simple solution: use Raast for free transfers! 🎓
Raast is an instant transaction system built into your mobile banking apps, such as SadaPay, HBL, UBL, and ABL, where transfers from bank to bank happen in real time—in seconds. ⚡
How much can you save by using Raast for bank transfers? 🧠
SadaPay offers free outgoing transfers for both IBFT & Raast, so we don’t charge any transaction fees. 😊
However, suppose you or your friends & family are transferring to any SadaPay account using any other banking app. In that case, they will be charged a small transaction fee—especially if they don’t use Raast!
And it's super easy to use too.
You just have to make a few extra taps and look for the “Raast” icon on your banking app's dashboard.
Using Raast helps save money, as banks typically charge 0.1% of the total transaction amount. This fee can range from Rs. 1 to Rs. 200 on outgoing transfers, depending on the amount being sent.
You can simply avoid these fees with Raast transfers!
Oh, and as mentioned in the beginning, Raast is free to use, regardless of your transaction size. In the long run, these savings add up, potentially allowing you to save some extra cash. And in today’s economy, extra cash goes a long way. 💸
Okay... but do I have to first link my account to a Raast ID? 🤔
Nope, not at all!
You can use your IBAN for free transfers with Raast. You do not need a Raast ID.
It's a common misconception that you need to link your phone number with a bank account to use Raast. Even though Raast IDs are useful, you can simply use your IBANs to send and receive transfers via Raast.
When you share your account details with someone who needs to make a transfer to your SadaPay account, just share your SadaPay IBAN with them and ask them to transfer money via Raast.
To find your IBAN, go to the load money tile on the main dashboard and copy the IBAN from there.
Join the revolution with Raast. Say goodbye to those pesky hidden fees—and hello to instant, hassle-free transactions! 👋