Instant EFT on Luno
- Our rating
- 4.0
- Offered in
- 1 country
- Type
- Domestic bank rail
- Rail reviewed
- 2026-08-18
- Review updated
- 2026-08-12
Know before you deposit
Yes. Luno takes Instant EFT in South Africa. Confirmation reaches the recipient within seconds of you approving the payment, while Ozow says the money itself reflects in the recipient's account the same day or under standard interbank EFT rules. By reach it is fifth of the 9 rails on our record for Luno; Local bank transfer is offered in more countries.
What Instant EFT is
Instant EFT is South Africa's bank login checkout method, offered by payment providers such as Ozow and Payfast rather than by a single national scheme. You pick your bank at checkout, sign in to internet banking inside the provider's page, and approve the payment with your bank's one time PIN or in app prompt, which lets the provider confirm the transfer to the recipient straight away. Bank coverage depends on the provider: Ozow lists Capitec, FNB, Standard Bank, Absa, Nedbank, TymeBank, Investec, Bidvest Bank and African Bank, while Payfast lists a shorter set that does not include Capitec.
- Speed
- Confirmation reaches the recipient within seconds of you approving the payment, while Ozow says the money itself reflects in the recipient's account the same day or under standard interbank EFT rules.
- Cost of the rail
- The providers charge the payer nothing and bill the receiving business per transaction, though your own bank may still apply its usual EFT fee.
- Limits
- Your daily internet banking transfer limit is the real ceiling here, because the payment is an ordinary EFT leaving your own account.
Where Luno offers Instant EFT
Each country opens the Luno page for that market, with its rank there and every rail it takes. The number is Luno's rank in that country's guide.
Africa (1)
South AfricaWhat Instant EFT costs on Luno
Local deposit methods and costs vary by market; bank transfers are typically low cost.
Other ways to pay on Luno
8 other rails at least one country we rank Luno in uses, widest reach first.
Frequently asked questions
Does Luno accept Instant EFT?
Yes, in South Africa. By reach it is fifth of the 9 rails on our record for Luno; Local bank transfer is offered in more countries. Support is decided market by market, so the country pages linked here are the exact list.
In which countries can I use Instant EFT on Luno?
South Africa, from our country guides reviewed between 2026-08-12 and 2026-08-12.
How long does a Instant EFT deposit take on Luno?
Confirmation reaches the recipient within seconds of you approving the payment, while Ozow says the money itself reflects in the recipient's account the same day or under standard interbank EFT rules. That describes the rail itself; Luno may hold a first deposit for longer while it verifies your account.
What does Instant EFT cost on Luno?
The providers charge the payer nothing and bill the receiving business per transaction, though your own bank may still apply its usual EFT fee. On Luno's side: Local deposit methods and costs vary by market; bank transfers are typically low cost.
Are there limits on Instant EFT deposits?
Your daily internet banking transfer limit is the real ceiling here, because the payment is an ordinary EFT leaving your own account. Any limit Luno applies on top is set per account tier and shown inside the platform.