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Fast Withdrawals on VALR

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Note: Withdrawals are supported to South African bank accounts only.

What is a Fast Withdrawal?

VALR uses traditional banking systems to process Rand withdrawals. The banking system can take up to 2 business days for funds to reflect in a bank account.

To speed up the withdrawal process for our customers, VALR has a Fast Withdrawal option which allows customers to receive their funds almost instantly, thanks to VALR's Blitz Processing of ZAR withdrawals.  This near-instant withdrawal option is called a "Fast withdrawal".

Participating Banks

The following banks are part of the Real-time Clearing (RTC) network, and VALR will make an RTC payment for Fast Withdrawals:

  • ABSA Bank
  • African Bank
  • African Bank Business
  • Al Baraka Bank
  • Access Bank
  • Bank Zero
  • Bidvest Bank
  • Capitec Bank
  • Capitec Bank Business
  • Discovery Bank
  • Finbond Mutual Bank
  • FirstRand Bank
  • HBZ Bank
  • Investec Bank
  • Nedbank
  • OM Mutual Bank
  • Sasfin Bank
  • Standard Bank
  • Standard Chartered Bank
  • Tyme Bank

For all other banks, a Real-Time Gross Settlement (RTGS) payment is required for Fast Withdrawals.

The Fast withdrawal option will be auto-enabled, and VALR will make an RTGS payment when the withdrawal amount is R5 million or more.

Note: Fast Withdrawal is implied and hence auto-enabled if you bank with the same financial institution as VALR. 

 

VALR Withdrawal Guidelines & Processing Times

VALR utilizes Blitz Processing to facilitate fast, efficient fiat withdrawals. Depending on your bank and the amount, funds are processed according to the following schedules:

1. Fast Withdrawals (24/7 Availability except Sundays/Public holidays)
  • Standard Bank: All withdrawals to Standard Bank accounts are processed 24/7/365.
  • Other Participating RTC Banks: Fast Withdrawals under R250,000 are processed 24/7.

2. Large Transactions & RTGS

  • Amounts over R250,000: If submitted after 15:50 on weekdays, or any time on weekends and public holidays, processing will be delayed until the next business day due to banking restrictions.
  • RTGS Payments: Any RTGS payment submitted after 15:50 (weekdays) or on weekends/holidays will be processed the following business day.
  • Over R5 Million: Transactions exceeding R5 million are automatically processed as a "Forced RTGS." Funds are typically available the same day, but not immediately.

3. Fees & Technical Limitations

  • Service Fees: Banks charge a premium for near-instant payments. This fee is clearly displayed when you select the "Fast Withdrawal" option.
  • Unsuccessful Attempts: VALR is charged by the bank regardless of whether a Fast Withdrawal is successful. Consequently, VALR cannot be held responsible for fees incurred if a bank fails to process a Fast Withdrawal for any reason.
  • Cross-Border Limitations: Fast Withdrawals to South African affiliated banks (e.g., FNB, Standard Bank) in Namibia, Lesotho, and Eswatini are not supported. Users will be responsible for any fees incurred if these are initiated.

4. Important Disclaimers
  • Bank Delays: While we strive for speed, banking systems may occasionally go offline. VALR is not responsible for delays caused by external banking infrastructure.
  • Fraud Monitoring: For your security, banks may hold Fast Withdrawals for up to 2 hours for routine fraud monitoring.

 

How to Select a Fast Withdrawal 

Select the check box called "Fast Withdrawal" on the withdrawal page.  The fee for this service will also be displayed on the withdrawal page. 

 

 

 

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