Betfred Deposit & Withdrawal Guide | Top Up & Get Your Winnings Using These Easy Steps

When choosing a safe betting site in South Africa from the many options available online today, you should carefully consider which deposit and withdrawal methods they offer. Many punters in South Africa prefer sites that accept vouchers for deposits and allow ATM withdrawals from banks such as FNB, ABSA and Standard Bank to redeem their betting winnings. 

Betfred South Africa ticks all the right boxes by offering its players a variety of ways to top up and withdraw funds from their online accounts. All this helps to make Betfred a user-friendly site for all kinds of punters whether they want to play Slots, Lucky Numbers or Sports Betting.

From debit cards to in-store transactions and vouchers, we review all your options for depositing and withdrawing funds on Betfred South Africa.

Betfred deposit methods

After you sign up with Betfred South Africa, to start playing all your favourite games, you'll need to make your first deposit and claim your First Deposit Welcome Bonus of up to R5000. How you choose to deposit funds into your Betfred account will depend on your preferred method.

Betfred deposit methods available in South Africa:

💰 Visa debit/credit card

💰 Mastercard debit/credit card

💰 Peach credit card

💰 Ozow Instant EFT

💰 OTT Voucher

💰 1Voucher

💰 Blu Voucher

💰 In-Store Deposits

How to deposit on the Betfred South Africa site

The process for depositing funds into your Betfred South Africa account can be completed in a few easy steps:

1️⃣ Register and log in to your Betfred South Africa account.

2️⃣ Click "Deposit" at the top left of your screen.

3️⃣ Select your preferred deposit method.

4️⃣ Enter the amount you wish to deposit.

5️⃣ Click "Submit" to proceed with your deposit.

6️⃣ Follow the on-screen instructions to complete your deposit.

7️⃣ Your Betfred account will be credited and you're now ready to play!

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Betfred withdrawal time

Withdrawing funds from your Betfred South Africa account via EFT to your bank account takes up to 72 hours to process. To ensure your winnings get to your bank account safely, go to your user profile and enter your banking details for future withdrawals. ATM withdrawals through your mobile phone are instant and can be redeemed from a Standard Bank or FNB ATM as soon as they are requested.

You can withdraw your winnings from Betfred South Africa via:

💸 EFT

💸 Standard Bank Instant Money

💸 FNB e-Wallet

💸 In-Store withdrawals

How to make a Betfred South Africa withdrawal

1️⃣ Register and log in to your Betfred South Africa account.

2️⃣ Click the account profile button in the top right of your screen

3️⃣ Click "Withdraw" near the top of your screen.

4️⃣ Enter the amount you wish to withdraw.

5️⃣ Click "Submit" to confirm your Betfred withdrawal.

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Betfred South Africa FICA 

Before making withdrawals from your Betfred online account, you are required by the FICA laws in South Africa to verify your personal identity and physical address. 

To FICA your Betfred South Africa account, send a scanned copy or clear photograph of the following documents to support@betfredsa.co.za:

📃 Proof of identity - either your ID, Passport or Drivers License

📃 Proof of address - either a bank statement, retail or utility bill (no older than 3 months)

Read more about how to FICA your Betfred South Africa account.

After submitting your Betfred FICA documents, please allow 48 hours for them to be assessed. You will be notified once your account has been successfully verified and your withdrawal has been processed.

For more about online sports betting, casino games and lotteries in South Africa, visit the Betting Guide homepage to find bookmaker reviews, promotions, betting tips and more.