Luno Deposit Methods and Supported Banks

South African users who want a local, FSCA-licensed exchange with fast deposits from Standard Bank or Nedbank

Deposit method varies by bank: EFT (Standard/Nedbank/FNB), Absa Pay (Absa), Capitec Pay (Capitec)

FSCA Licensed CASP

Last verified: 2026-03-09 · View source

EFT deposit not credited

Check your deposit reference code first — an incorrect reference is the most common cause of delays. Standard Bank and Nedbank deposits usually arrive near-instantly because Luno is a bank-approved beneficiary. FNB deposits may take longer. Contact Luno support if not credited after 1 business day.

Absa EFT deposit not working

Luno says plain EFT from Absa is not available. Use Absa Pay instant deposit instead, which authenticates inside the Absa app. After your first successful payment, subsequent deposits can be approved with one tap. Alternatively, use EFT to VALR from Absa.

Capitec EFT deposit not working

Capitec suspended EFT and immediate payments to all crypto wallets in October 2024. Use Capitec Pay instead (up to R150,000). You need a fully verified Luno account with a South African ID. Raise your Capitec online/scan-to-pay limit in the app before depositing.

How to set up faster deposits

Standard Bank: set up DigiME and add Luno as a bank-approved company beneficiary. Nedbank: search 'LUNO' in bank-approved recipients. FNB: manually add Luno using Standard Bank banking details and BX/LN reference. All deposits must come from a bank account in your own name.