What is the minimum withdrawal amount for Standard Bank Instant Money on Hollywoodbets?

Short Answer: The minimum withdrawal amount for Standard Bank Instant Money on Hollywoodbets is R100 per withdrawal. Funds are paid out to the valid South African cell phone number linked to your active Hollywoodbets account.

This cash send method allows you to collect your winnings without needing a traditional bank account.

1. Daily and Monthly Limits

While the minimum is R100, there are strict maximum limits you must adhere to. A daily pay-out limit of R3,000 applies, along with a monthly limit of R25,000. These limits apply on a consolidated basis across all Cash Send options, meaning you cannot bypass the R3,000 daily limit by switching to FNB eWallet or ABSA Cash Send on the same day.

2. Collecting Your Funds

Once your withdrawal is processed, you will receive an SMS with a voucher number, followed by a second SMS with a PIN. There is usually a 5-minute delay between these messages. You can only withdraw the cash at a stipulated Standard Bank ATM or a participating retailer. The voucher is valid for 12 months, giving you ample time to collect your money.