What is Blitz Processing?
Blitz Processing of Rand (ZAR) withdrawals is VALR's automated processing of your Rand (ZAR) withdrawal instructions straight through to the bank from Monday to Saturday between 08h00 and 18h00 (with a few limitations). No more waiting for the withdrawal schedule. As soon as you withdraw rand from VALR, we pass the instruction directly to the bank without any manual intervention.
What does this mean for you?
The only delay between the time you withdraw your funds and the time you receive Rand (ZAR) in your bank account is due to the limitations of the banking system. We currently use Standard Bank as our primary banking partner, and as such, the time it takes for Rand (ZAR) withdrawals to reflect in your bank account depends on whom you bank with and whether or not you have chosen a Fast Withdrawal:
| YOUR BANK | MONDAY - FRIDAY | SATURDAY |
|
Standard Bank*
|
Near-instant
|
Near-instant
|
|
Other Banks* (Fast Withdrawal)
|
Near-instant (see here for bank restrictions)
|
Near-instant (see here for bank restrictions)
|
|
Other Banks* (Regular Withdrawal) |
Next business day (if withdrawal instruction received by 16h10) 2 business days (if withdrawal instruction received after 16h10) |
Next business day (if withdrawal instruction received by 09h35) 2 business days (if withdrawal instruction received after 09h35) |
*South African bank accounts only.
PLEASE NOTE:
- No processing of withdrawals takes place on public holidays and Sundays as banks are closed.
- VALR cannot be held responsible for delays in withdrawals as banking systems sometimes go offline which is beyond our control.