What are the fees for high-value withdrawals on Kingbets?

Short Answer: For withdrawal requests of ZAR20,000 or more, any applicable bank charges, transaction fees, or commission fees may be borne solely by you and deducted from the withdrawal amount. This is according to the High-Value Withdrawal Fees clause in the Kingbets General Terms and Conditions.

Standard withdrawals below this threshold generally do not attract these specific operator-deducted fees.

1. The ZAR20,000 Threshold

According to the Kingbets General Terms and Conditions, the high-value fee policy is triggered when you request a withdrawal of ZAR20,000 or more. The terms state that any bank charges, transaction fees, or commission fees applicable to that transfer may be deducted from your withdrawal amount. This means the amount you receive may be slightly less than the amount you requested, depending on the fees charged by the financial institutions involved.

2. Other Potential Deductions

It is important to note that other administrative fees can apply in specific situations. For example, if a withdrawal is reversed before being processed, a ZAR30.00 fee is deducted from your wallet balance. Additionally, if duplicate accounts are discovered, a penalty fee of 10% of the total deposit amount across all duplicate accounts may be applied. Always review the specific fee disclosures before confirming a large payout.