Paragraph of text Paragraph of text Paragraph of text Paragraph of text Paragraph of text Paragraph of text Paragraph of text Paragraph of text Paragraph of text Paragraph of text Paragraph of text Paragraph of text Paragraph of text Paragraph of text.
Deposit fees
| Method | Fee | Limits |
| Bank transfer (EFT) | Free | No limit |
| Instant deposit | 1.4% | R100,000 |
| Absa Pay | 1.4% | R100,000 |
| Capitec Pay | 1.25% for deposits under R1,000 R9.00 for deposits over R1,000 |
R100,000 |
| Apple Pay | 2.5% | R50 - R30,000 |
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.
Withdrawal fees
| Method | Fee |
| Normal withdrawal | Free |
| Express withdrawal | R 20.00* |
* 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. If your bank is an RTC (real-time clearing) participant, the withdrawal fee is R20.00. Otherwise, it’s R80.00.
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).
Verifications levels and limits
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: R 15,000 Withdrawals over all time: R 15,000 |
Deposits per month: R 50,000 Withdrawals per month: R 50,000 |
No limits |
Tip
If you need to upgrade your verification level, go to Profile, Settings, then select Verification. Follow the prompts from there.
Toggle me
Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content
Toggle me
Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content
Toggle me
Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content
Toggle me
Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content
Toggle me
Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content
Toggle me
Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content
Toggle me
Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content
Toggle me
Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content
Toggle me
Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content
Toggle me
Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content
Toggle me
Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content
Toggle me
Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content
Toggle me
Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content Content content content
Old accordion:
|
Deposit fee |
Deposit limits |
|
2% |
Per transaction: KSh 500 - 250,000 Daily: KSh 500,000 |
|
3% |
Per transaction: blah Daily: blah |
The fee is deducted from your deposit. In other words, your Luno KES wallet will be funded with the deposit amount minus the fee.
Tip
Learn how to deposit money into your KES wallet.
|
Withdrawal Fee |
Withdrawal limits |
|
Ksh 50.00 |
Per transaction: KSh 500 - 250,000 Daily: KSh 500,000 |
The withdrawal fee is deducted from your KES wallet if it has a sufficient balance. If there aren’t enough funds in your KES wallet to cover the withdrawal fee, the fee will be deducted from the withdrawn amount instead.
Tip
Learn more about withdrawing money from your KES wallet.