Our instant transfer deposit option allows you to deposit money directly into your Luno wallet via Stitch in a matter of seconds. All you need is your existing online banking details.
Once you’ve verified your identity, you can deposit money into your ZAR wallet by following these quick and easy steps.
Here's how
Step 1: Link your bank account
Sign in to your Luno app
Navigate to Wallets and open your ZAR wallet
Select DEPOSIT
Choose Instant Transfer
Select your bank (if you can’t find your bank, it’s not supported)
Sign in to your internet banking profile
Choose the bank account you want to deposit with and select Confirm
Note
The recipient name will appear as ‘LPL’ on your bank statement.
You may need to log in to your bank's internet banking website in order to accept the notice or terms and conditions displayed on the site before you can link your account.
Important
When making a deposit with Stitch, be sure to complete the deposit within the Luno app instead of transferring funds directly to the Stitch beneficiary in your banking app. Making EFT deposits straight to Stitch’s bank account will cause a delay in funds being credited to your wallet.
Step 2: Make an instant deposit
In your ZAR wallets and select DEPOSIT
Choose the account you’ve linked
Enter the amount you’d like to deposit and select NEXT
Review the deposit amount and fee, and if you’re happy, select CONFIRM
Enter your Luno PIN
Congratulations! You’ve successfully made an instant deposit.
Note
Some banks may require you to enter an OTP or authorise the payment in your banking app to complete the deposit.
Frequently asked questions
Stitch is a payment service that allows you to easily connect your bank account, and make secure, instant deposits to Luno.
Stitch does not share your login credentials with us or with anyone else, and they can’t see them themselves either. Your details are securely encrypted, and Stitch requires a unique token from your own device to authenticate any payments.
Tip
You can learn more about Stitch here.
Absa
Capitec
FNB
Investec
Nedbank
Standard Bank
TymeBank
Note
If you’re a Capitec customer, your Luno account needs to be fully verified with a South African ID number in order to complete your deposit.
The deposit fee is 1.4%.
Deposits can take up to 5 minutes to reflect in your wallet.
The maximum limit is R15,000 per deposit. Keep in mind that limits based on your verification level also apply.
On Web or Android: Select the three dots next to the linked account you’d like to remove, select Remove, and when the Remove this account? confirmation pop-up appears, select REMOVE again.
On iOS: Swipe left on the account you want to remove, tap Delete, then select REMOVE on the pop-up.