What are the withdrawal processing times for EFT on Kingbets?

Short Answer: The standard processing time for EFT withdrawals on Kingbets is 24 to 48 hours. However, this timeframe is calculated from the moment your withdrawal is marked as Paid, and it excludes weekends and South African public holidays.

Your request may also be delayed if your account requires FICA verification or if the transaction is flagged for a security review.

1. The 24 to 48 Hour Window

According to the Kingbets General Terms and Conditions, electronic payments are processed Monday to Friday during standard business hours, from 09:00 AM to 16:00 PM (GMT +2). The terms explicitly state that EFT transfers typically take 24 to 48 hours to clear. Because payments to bank accounts may be delayed due to weekends and public holidays, a request submitted on a Friday afternoon will likely only be processed on the following Monday.

2. What Can Delay Your EFT Withdrawal

Before the 24 to 48-hour clock even starts, your request must be approved. Kingbets reserves the right to verify the legitimacy and source of substantial deposits, which can result in an additional processing delay of up to 72 hours. Additionally, if your banking details do not exactly match your Kingbets profile, or if your FICA verification is incomplete, the withdrawal will be suspended. The company can also decline any request if suspicious or unusual activity is detected on the account.