How do I transfer money from Luno to my bank account? What is Luno withdrawal limit? We hope you would get all your questions answered after going through this article.
In our last article, we indicated how to make money daily on your Luno app. Today, we are going to look at how to withdraw money from luno to your bank account.
Luno withdrawal is one of the easiest methods when using the Luno app. Before thinking of withdrawing from your Luno wallet, make sure your identity is verified, and your bank account is linked to your Luno wallet.
How to Withdraw Money from Luno to Bank Account
Follow the steps below to cash out from your Luno wallet:
- Log in to your Luno wallet
- Choose Wallets from the menu
- Select your local currency wallet and then click WITHDRAW
- Select your bank account (make sure you have linked your bank account)
- Enter the amount you’d like to withdraw and select NEXT
- You’ll see a screen showing your withdrawal amount and fee. Select CONFIRM to complete your withdrawal
- Enter your Luno PIN (if you’re using the mobile app) and you’re all done
Once you confirm, you should be able to transfer money from your Luno wallet to your bank account with ease.
FAQs
Below are some of the frequently asked questions about Luno withdrawal:
How do I withdraw from my Luno wallet?
To withdraw from Luno to your bank account, login to your wallet, choose wallets from the menu, choose your local currency, select your bank account, enter the amount you wish to withdraw, and proceed to complete your transactions.
What is Luno withdrawal limit?
Luno withdrawal limit depends on your location or country. For instance, the withdrawal limit for users in Australia and Europe is $1 while those in Nigeria and South Africa are N200 and R10 respectively.
How long until my withdrawal is processed?
Withdrawal processing times at Luno depends on your country. For instance, in Australia, it takes up to 24 hours after your withdrawal is processed. In other places like Nigeria, it take a minimum of 48 hours after your withdrawal is processed.
Can I withdraw Luno to my Capitec bank account?
Yes, you can withdraw from Luno to Capitec bank account. Just ensure you link your account and provide all your necessary information
It is out wish that after going through this article, you will properly understand how to withdraw money from Luno wallet to your bank account. Make sure you read all the terms and conditions which include Luno processing fees before withdrawing.