What is the minimum amount I can withdraw via EFT from Hollywoodbets?

Short Answer: The minimum amount you can withdraw via EFT from Hollywoodbets is R50.00. Any withdrawal request below this threshold will not be processed through the standard electronic funds transfer method.

This ensures that the banking costs associated with transferring the funds do not outweigh the transaction value.

1. How the EFT Withdrawal Works

To withdraw via EFT, log into your Hollywoodbets account, go to the menu, select Accounts, and then Withdrawal. Choose your preferred EFT option and enter your amount. The funds are processed within 24 hours of your request, but this is subject to standard banking hours. The money is sent to a South African bank account in your name.

2. Account Verification Requirements

Before the EFT is approved, Hollywoodbets requires a nominated bank account in your exact name and a copy of your identity document. They may also verify your bank account details using Nedbank's banking security solution or request a stamped bank statement. If you have deposited via credit card, you may also need to provide a copy of the card before your EFT withdrawal is released.