How long until my withdrawal is processed on Luno Wallet?

Recently, Joe asked me on Facebook; how long until my withdrawal is processed on Luno? To answer this question, we’ve decided to compile this post believing that it’ll also be of help to as many of the individuals who are just like Joe. In this post, we shall be showing you in details all that I told Joe on Facebook. Continue reading…

So, wishing to know how long it will take for your withdrawal to be processed on Luno? If yes, we’ll be showing you in this post all you need to know. So just sit back and relax we take you through the process.

Read also: How to withdraw money from your Luno wallet

Before you proceed further, bear in mind that all of your Luno withdrawals are processed automatically and that withdrawal times depend on your bank and country. For your country, the withdrawal release schedule can be found below. You must request a withdrawal before the cut-off time in order for it to be processed at the release time.

Currency [Timezone]	Withdrawal cut-off time	Withdrawal release time
IDR [GMT+7]	14:30 20:00	15:30 21:00
MYR [GMT+8]	14:00 21:00	15:00 22:00
NGN [GMT+1]	08:00 11:00 15:00	09:00 12:00 16:00
ZAR [GMT+2]	08:00 15:00	09:00 16:00
EUR [GMT+1]	08:00 15:00	09:00 16:00

Withdrawals are processed each business day from Monday to Friday, excluding public holidays. Times indicated above are local times for each country.

When requesting a withdrawal 
When requesting a local currency withdrawal from Luno, please ensure that your bank account details are up to date and correct.

Here’s information on linking your bank account to Luno. Withdrawals are processed according to the table shown above.

Luno will send you an email notification when it has released your money. Please allow for normal bank transfer times before expecting the money in your bank account. This can take a number of days and is outside of our control.