Our instant deposit option allows you to deposit money directly into your Luno wallet via Stitch or Apple Pay in a matter of seconds.
Most major banks are supported, including Capitec Pay and Absa Pay. This article will show you how to link your account and fund your ZAR wallet instantly.
Tip
Looking to make an instant deposit with Apple Pay? Have a look at our dedicated guide for step-by-step instructions on how to make an instant deposit using Apple Pay.
How to make an instant deposit with Stitch
Step 1: Link your bank account
- Sign in to your Luno app
- Navigate to Portfolio and open your ZAR wallet
- Select DEPOSIT
- Select your bank (if you can’t find your bank, it’s not supported)
- Enter the amount you’d like to deposit and select next
- Sign in to your internet banking profile
- Choose the bank account you want to deposit with and select Confirm
Tip
You may need to log in to your bank's internet banking website in order to accept the notice or terms and conditions displayed on the site before you can link your account.
Absa and Capitec customers
For more detailed information, please refer to the dedicated articles on using Capitec Pay or Absa Pay to make instant deposits into your Luno account.
Step 2: Make an instant deposit
- In your ZAR wallet and select DEPOSIT
- Choose the account you’ve linked
- Enter the amount you’d like to deposit and select NEXT
- Review the deposit amount and fee, and if you’re happy, select CONFIRM
- Enter your Luno PIN and approve the payment on your internet banking account
Congratulations! You’ve successfully made an instant deposit.
Note
- When making a deposit with Stitch, be sure to complete the deposit within the Luno app instead of transferring funds directly to the Stitch beneficiary in your banking app. Making EFT deposits straight to Stitch’s bank account will cause a delay in funds being credited to your wallet.
- The recipient name will appear as ‘LPL’ on your bank statement.
Frequently asked questions
What is Stitch and is it safe?
Stitch is a payment service that allows you to easily connect your bank account, and make secure, instant deposits to Luno.
Stitch does not share your login credentials with us or with anyone else, and they can’t see them themselves either. Your details are securely encrypted, and Stitch requires a unique token from your own device to authenticate any payments.
Tip
Learn more about Stitch.
Which banks are supported?
Instant deposits via Stitch work with the following banks:
- FNB
- Investec
- Nedbank
- Standard Bank
- TymeBank
Capitec Pay and Absa Pay are also available as instant deposit options.
Apple Pay works will all major banks and credit card providers.
Note
To use Capitec Pay, your Luno account needs to be fully verified with a South African ID number in order to complete your deposit.
Will I be charged a deposit fee?
The instant deposit fee is 1.4% for deposits via Stitch, 2.5% for Apple Pay.
Note
You may see a bank charge on your bank account associated with your Luno deposit. We've already accounted for this charge by reducing the deposit transferred from your bank account so that you don't bear the cost of this. You don't have to do anything, we will still allocate the full intended deposit to your Luno wallet.
How long before my money is in my Luno wallet?
Deposits can take up to 5 minutes to reflect in your wallet.
Are there any deposit limits?
The maximum limit is R100,000 per deposit. Keep in mind that limits based on your verification level also apply.
How do I remove a linked account?
On Web or Android: Select the three dots next to the linked account you’d like to remove, select Remove, and when the Remove this account? confirmation pop-up appears, select REMOVE again.
On iOS: Swipe left on the account you want to remove, tap Delete, then select REMOVE on the pop-up.