Instant EFT at South Africa Online Casinos

Residents of South Africa frequently use bank transfers with EFT systems to make payments directly from their bank account. The EFT service from payment provider Payfast ↱ allows for electronic funds transfers with immediate verification, making them a fast and secure option for residents.

The Instant EFT payment option is also available at some South African online casinos, allowing users to quickly deposit funds from their bank account to the casino, and play the games within minutes.

Using Instant EFT at online casinos has several advantages to users, including a fast transfer processed in moments, and a safe transaction in which no credit or debit card details have to be entered online.

Take a moment to read our Instant EFT guide to learn more about this payment option, and see which South African casinos accept Instant EFT.

Instant EFT online casinos in 2022

See below our recommended online casinos with Instant EFT as a payment option for players from South Africa. Each of these casino websites is licensed and has a good reputation with their players.

Take a look at our casino reviews to learn more about the website, the operator, the games, payment policies and bonuses. New players from South Africa are also often offered a casino bonus with low wagering requirements  so take a look to see what's on offer!

♠ easy access and fully responsive website
♠ payments are processed fast and reliable
♠ many interesting games
♠ Games on Desktop: 2000 | Mobile: 1800 ♠ USD accepted: ✗ ♠ English Website: ✓
♠ Casino, Live Casino
(T&Cs apply)100% bonus up to £/$/€ 123 ▼ More Details ▼
*New Players only, 18+, Min. deposit: €/$10, Wagering 50x Bonus, Max bet with Bonus €/$5, Skrill/Neteller excluded, no max cash out on deposit offers, T&Cs apply18+ | Please play responsibly | Operator's T&C apply.
♠ payments are processed fast
♠ game selection features many interesting titles
♠ Games on Desktop: 2000 | Mobile: 1800 ♠ USD accepted: ✗ ♠ English Website: ✓
♠ Casino, Live Casino, Slots, Jackpots, Slingo, Table games
(T&Cs apply)100% up to €/$100 ▼ More Details ▼
*New Players only, 18+, Min. deposit: €/$10, Wagering 40x Bonus, Max bet with Bonus €/$5, Live casino play excluded when playing with bonus money, 100% up to €/$100 max bonus on 1st deposit, Skrill/Neteller excluded, no max cash out on deposit offers, T&Cs apply18+ | Please play responsibly | Operator's T&C apply.
♠ 10% Cashback on all lost deposits
♠ 24/7 Customer Support
♠ Games on Desktop: 2000 | Mobile: 1500 ♠ USD accepted: ✗ ♠ English Website: ✓
♠ Casino, Live Casino, Slots, table games, Slingo
(T&Cs apply)no welcome bonus available, 10% Cashback instead ▼ More Details ▼
*18+, all players, 10% lifetime cashback on losses within a day when balance drops to zero or below £10, Cashback is credited the following day and can be cashed out or played, cashback is valid for 10 days, T&Cs apply18+ | Please play responsibly | Operator's T&C apply.
♠ great game selection
♠ payments are processed very fast
♠ fair bonus wagering
♠ Games on Desktop: 2000 | Mobile: 1800 ♠ USD accepted: ✗ ♠ English Website: ✓
♠ Slots, Live Casino, Table Games, Slingo, Jackpots
(T&Cs apply)100% up to €/£10018+ | Please play responsibly | Operator's T&C apply.

*Bonus T&Cs apply! Accuracy not guaranteed, terms can change any time.

How does Instant EFT work?

Instant EFT only requires you to have a bank account at a participating bank in South Africa.

Supported banks for Instant EFT currently include:

  • FNB
  • ABSA
  • Standard Bank
  • Nedbank
  • Capitec
  • Investec
  • Tymbank
  • African Bank
  • Bidvest

You can make payments to online shops, vendors or online casinos and easily transfer rand to the receiver, who will get it within mere seconds.

You make the payment by logging in to your bank account through the Instant EFT payment system, who will then confirm your payment, charge your account and immediately forward the payment to the vendor or casino.

This system is safe to use, as your banking details aren't stored, and each payment made has to be confirmed through your mobile banking security feature on your phone. This means that these payments are secured with 2-Factor-Authentication, making them very safe.

The biggest advantage to use the Instant EFT service is that payments are credited instantly to the vendors. A regular bank transfer would take many days to process, and this time is cut down to just a few moments.

Advantages and disadvantages of using Instant EFT at casinos

  • Instant transfer of funds directly from your bank account
  • No fees for users
  • Safe payments that have to be confirmed with 2FA
  • Good option to control spending
  • Not widely accepted at all South African casinos
  • Only available to users with a South African bank account
  • Instant withdrawal isn't possible, a bank transfer will take many days

How to use Instant EFT for the casino deposit

Making a casino deposit with Instant EFT is easy. Simply follow these steps to make your payment.

Step 11. Register a player account at an Instant EFT online casino.

Step 22. Select the payment option Instant EFT at the casino cashier.

Step 33. Enter the amount of how much you wish to deposit.

Step 44. Select your bank and log in with your online banking details.

Step 55. Confirm your account and verify the payment with the bank using your mobile phone.

Step 66. Once the payment has been accepted by your bank the money will appear in your player account within moments, and you can start playing your favourite casino games.

Casino withdrawal with Instant EFT

While the Instant EFT service allows you to make instant deposits at casinos, the withdrawal of winnings from the casino won't be instant.

The casino operator will offer you the option of a regular bank transfer, which is subject to bank clearing time, and it can take many days to be processed, usually 3 to 5 working days, but in some cases it may take even longer.

If this slow withdrawal time puts you off from using Instant EFT, you may want to check out e-Wallet type payment options, as they offer fast deposits and withdrawals, albeit for a fee. We can recommend Neteller, Skrill, ecoPayz and Jeton as popular payment wallets in South Africa.

Conclusion

Using an electronic funds transfer (EFT) service is a popular option to make payments in South Africa, although card payments are still more popular.

Making a direct transfer from your bank account bears certain advantages to users, namely that it's free to use, and payments are debited from your account and sent to the receiver instantly.

However, the number of online casinos with Instant EFT from Payfast is still relatively small, so you may want to take a look at other EFT options at South Africa casinos, such as Swiffy EFT.

An electronic funds transfer is also best suited for players who don't mind a longer withdrawal time. Due to the nature of the bank transfers and how they are processed, paying out your winnings from the casino will take longer than with an e-Wallet payment.

Instant EFT FAQ

The good news is that using Instant EFT is usually free for users, and the casino will carry the charge for payment processing. However, take a look at the casino's payment policies to make yourself familiar with possible fees for deposits or withdrawals.

Using Instant EFT at online casinos has many advantages for players. First, you can make the transfer in rand directly from your bank account, which means that you won't be able to spend more than you have.

A payment is very safe and you have to confirm it with your mobile banking app, which means that unauthorised use isn't possible.

Another advantage is that you don't have to use any credit cards at the casino or shop, which means your card details cannot fall into the wrong hands.

And, last but not least, Instant EFT is free to use when making the payment!

An online casinos that offers players from South Africa a casino bonus will likely also allow them to claim this casino bonus with an Instant EFT payment. Some casino websites exclude e-Wallet payment options from bonuses, but EFT-type payments are usually not excluded.

Take a look at this Instant EFT guide to learn more about the payment option at the casino, and find casinos accepting Instant EFT from Payfast in South Africa. You can also see available bonuses, and you may even be able to get a bonus with low wagering requirements.

Instant EFT is a very safe payment method in South Africa. Using this instant bank transfer service means that you don't have to use a credit or debit card to make a payment, which also means you don't have to enter card details online.

With Instant EFT, every payment has to be confirmed by the bank and by using your mobile banking app to confirm the payment. Although you have to login to your online banking service, the payment cannot be accepted without your additional confirmation.


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