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Worse, late payment may cause you to forfeit some or all of the rewards you've accumulated. By the time your account is 180 days late, i.e. you've missed six payments, the card issuer will typically charge-off the account, writing it off as a loss. The charge-off goes on your credit report and stays for seven years.
How long do payments take to reflect on the beneficiary's account? If the beneficiary is a Standard Bank account holder, payment may take up to 24 hours to be reflected on their statement. If the account is held at another bank, payments may take two to three business days to reflect on the beneficiary's statement.ou need the beneficiary's details: name, bank, branch name or code and their account number. How do I make a payment? Log on to Internet banking, click on Payments, select the required payment option, for example, Once-off, Pay now, Pay later or Repeat payments.