There are, yes. When withdrawing funds from your local currency wallet to your bank account, certain minimum amounts, as well as maximum withdrawal limits, apply. Here’s how it works.


Minimum withdrawal amount

When you’re withdrawing funds from your local currency wallet, here’s the minimum withdrawal amount for your country:

CountryMinimum withdrawal amount
Australia1 AUD
Europe1 EUR
Indonesia50,000 IDR
Malaysia1 MYR
Nigeria200 NGN
Singapore1 SGD
South Africa10 ZAR
Uganda20,000 UGX
UK1 GBP
Zambia10 ZMK


Note:

The Luno withdrawal fee is added to the amount you want to withdraw, and this will be displayed to you on the withdrawal confirmation screen. So you’ll need to make sure that you have enough available funds in your local currency wallet to cover the amount you want to withdraw, as well as the Luno fee.


Tip:

Not sure what the withdrawal fee is that you’ll pay? You can find out what that is here.


Maximum withdrawal limit

The maximum amount that you’re able to withdraw depends on your account verification level. Each level has a specific withdrawal limit that applies.


Tip:

If you’re not sure which verification level you’re on, or if you’d like to upgrade your account, you can do so by selecting Verification from your Settings screen here.