To transfer ZAR from your bank account into your VALR account, follow the below steps:
- Login to your VALR account via the App or our website: www.valr.com
- Click on "Wallets" - at the bottom of your screen (for mobile App) and on the top of your screen (for website)
- Click on your ZAR / Rand Wallet, then select "Deposit"
- Select the deposit "Via EFT" method
- Select the bank you will deposit from
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VALR's banking details and your unique VR reference will be displayed on the screen. This is where you will need to transfer your ZAR. Remember to use your unique VR******* reference number as the beneficiary reference when making the transfer.
- Sign in to your bank account and make the transfer. Your deposit will be on its way to your VALR account!
Note:
- When depositing into your VALR account, always ensure to transfer funds from a bank account registered in your name.
- Always use your unique reference number, starting with VR******, as the beneficiary reference. Failure to use this reference number will result in a delay in allocating your funds.
- To make sending funds to your VALR account easier, please consider creating a beneficiary for VALR on your online banking profile. Please note that VALR is registered as a pre-approved beneficiary with the following banks, meaning you can search for VALR without having to create a beneficiary on your banking profile manually:
1. Capitec Bank South Africa
2. Standard Bank South Africa - Your funds can take up to 48 hours to clear in our bank account. This timeline may change due to Public Holidays, weekends and limitations imposed by the bank.
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Our system currently flags deposits of the same amount sent within 24 hours for review. If you prefer to send deposits of the same value, changing the amount by even 1 cent will help allocate your deposits speedily.