Real Time Gross Settlement (RTGS) system basically, is a system for large-value interbank funds transfers. This new payment mechanism move huge funds from one bank to another within a short period electronically country wide. RTGS we can also elaborate further that it is a one-to-one settlement of transaction between parties within banks in which each party makes a separate payment on each transaction. The settlement is immediate and final.
RTGS implementation is driven to initiates and to reduce systemic risk in high–value payments
THINGS TO KNOW ABOUT RTGS
RTSG payments give instant validation of settlements of funds.
Trust Bank cheques above the threshold of D100, 000.00 presented in other banks can only be process thru RTSG platform.
Trust Bank has personalized RTSG forms and these forms are now accessible in all branches.
It is a very fast and reliable and secure way to remit funds country wide.
RTGS inflows from other bank are credited instantly into your account.
To Use the facility Customer needs to Fill the TBL funds Transfer Form/ or a written instruction to the bank.