WIthdrawal time; How long does it take for a withdrawal to be processed and how long before it reflects in my bank account. Same day withdrawals.
Although there are multiple different methods to fund your account that we discussed in the deposit time article, all withdrawals are made to your nominated bank account irrelative to your deposit method. Withdrawals do not need to be a lengthy process that leaves you worrying about your money. There are ways to ensure a speedy process.
All withdrawals are made via Electronic Funds Transfer (EFT) and can be successfully done to all banks in SA as well as bordering countries with the same banks. All withdrawals requested before 15:00 GMT+2 on business days are processed and paid out the same day. Once it leaves our bank account the time before it reaches your bank account is out of our hands and work on the transfer schedule of the bank, just like a normal EFT. Depending on your bank and location it may take up to 24 – 72 hours to reflect.
Ensuring your deposit can be paid out the same day as your withdrawal it is important that we have your banking details. Proof of bank account is required and the document needs to be in your name to comply with anti-money laundering regulations. Doing this upon account registration will ensure a swift and painless experience!