fawriSettlement Electronic Fund Transfer in Bahrain
What is Fawri
Fawri is a deferred settlement electronic fund transfer service through which you can send any amount any time and the fund is credited into the receiver’s account within a few hours in the business day.
Features
Deferred Settlement
Funds can be sent any time, the fund will be credited into the receiver’s account within a few hours in each business day.
Single or Bulk
You can process single transfers or bulk transfers in an easy, automated and fuss-free manner.
Multiple channels
You can send or receive funds using BenefitPay (for individuals) or through the branch or internet banking and mobile banking applications of your bank.
Settlement Schedule
Transactions processed between 12:15 pm the previous business day till 7:45 am of the same business day will be credited into the receiver’s account around 10:00 am, while transactions processed between 7:45 am to 12:15 pm of the same business day will be credited into the receiver’s account around 2:00 pm. Crediting times may vary based on the time of successful interbank settlement of funds.
