The following fees and limits apply to Luno accounts verified in South Africa.
Deposits and withdrawals
|
Method |
Fee |
|
Bank transfer (EFT) |
Free |
|
Instant deposit |
1.4%* |
*Capitec customers also pay a once-off fee of R1.00 when linking their bank account.
More info
Bank transfers take up to 2 business days to reflect in your ZAR wallet (sooner with Standard Bank), and there are no transaction limits if your Luno account is fully verified.
Instant deposits reflect instantly, but some banks are not supported and transactions are limited to R15,000 per deposit.
Note
If you make a cash deposit, you’ll be charged a fee of R20.00 plus 5% of the amount deposited. Cash deposits are prohibited by our Terms of Use, and any Luno account that receives more than one cash deposit may be suspended indefinitely.
|
Method |
Fee |
|
Normal withdrawal |
Free |
|
Express withdrawal |
R20.00* |
*If your bank is an RTC (real-time clearing) participant. Non-RTC banks have an R80.00 express withdrawal fee.
More info
Normal withdrawals will reflect in your bank account up to 2 business days after Luno processes them (sooner with Standard Bank).
Express withdrawals will arrive in your bank account on the same day, provided you withdraw between 08:00 and 15:45, Mondays to Fridays.
Tip
Follow these links to learn more about Luno’s normal withdrawal processing times, as well as the express withdrawal fees and processing times (including a list of RTC participant banks).
You can find out what verification level you’re on by going to your Profile and selecting Settings. Under Verification, you’ll see Level 1, Level 2, or Fully verified.
The following deposit and withdrawal limits apply for each verification level:
|
Level 1 |
Level 2 |
Fully verified |
|
Deposits over all time: R15,000 Withdrawals over all time: R15,000 |
Deposits per month R50,000 Withdrawals per month R50,000 |
No limits |
Tip
If you need to upgrade your verification level, go to Profile, Settings, then select Verification. Follow the prompts from there.
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