Need your money now? Instant Payout lets you transfer eligible funds from your Yoco balance directly to your bank account within minutes, 365 days a year. Whether you’re covering an unexpected expense or just want faster access to what you’ve earned, it’s available whenever you need it.
How Instant Payout works
When you request an Instant Payout, the amount you choose is transferred to your bank account immediately. Any remaining eligible funds will be paid out according to your chosen payout schedule: Standard, Weekly, or Fast Payout. The minimum Instant Payout amount is R50.
Yoco settles Standard Payouts daily. These typically take 1–2 business days to reflect in your bank account, depending on your bank.
Daily limits
How much you can request depends on your payout history over the last 90 days.
Standard or Fast Payouts in the last 90 days | Requests per day | Max amount per request |
Fewer than 10 | 1 | R10 000 of your eligible balance |
10 or more | 2 | R30 000 of your eligible balance |
Banks that support Instant Payout
Most South African banks support Instant Payout. Check the table below to confirm that your bank is on the list before submitting a request.
ABSA Bank | Capitec Bank | Investec Bank | Standard Chartered |
Access Bank | Discovery Bank | Mercantile Bank | Tyme Bank |
African Bank | Finbond Mutual | Nedbank | Ubank |
African Bank Business | FNB | OM Bank | WesBank |
Al Baraka Bank | FirstRand Bank* | RMB |
|
Bank Zero | HBZ Bank | Sasfin Bank |
|
Bidvest Bank | HSBC | Standard Bank |
|
* Owners of FNB, WesBank and RMB
💡 Good to know: If your bank doesn't support Instant Payout, you'll see an error message when you tap the Instant Payout button in the Yoco App (mobile or web).
When is Instant Payout unavailable?
There are a few reasons you may not be able to access Instant Payout:
Your Yoco profile is still being verified. Check your verification status.
You haven't added your bank details to your Yoco Profile. Add your bank details.
You haven't processed any transactions on the day of your request.
Your eligible balance is below R50.
You've already used your daily Instant Payout limit (one or two, depending on your payout history).
Your bank doesn't support Instant Payout.
Bank maintenance
Banks perform maintenance between 11:00pm and midnight. If you request an Instant Payout during this window, your request will be queued automatically and processed shortly after midnight.
❗ Important: If your transactions have been flagged for risk assessment, or your account is under risk review, you won't be able to access Instant Payout. We'll send you an email with more details if this applies to you.
What is your eligible balance?
Your eligible balance is the amount available for an Instant Payout. It shows as Available for Instant Payout in the Yoco App (mobile or web).
Your eligible balance includes all Yoco transactions you've made, less any applicable fees, refunds, chargebacks, Instant Payout fees, Capital repayments, and Yoco Savings allocations since the last time a Yoco payout was processed for your profile.
It excludes any transactions flagged as high risk. If you have transactions under review, or your account is under review, your eligible balance may differ from your payout amount. We'll send you an email with more details if this applies.
Requesting an Instant Payout
Select the Money tab.
Select the black Instant payout button in the top right corner of the screen.
An Available for Instant Payout amount will be visible at the top of the screen. This is your eligible balance. Enter the amount you’d like to request as an Instant Payment in the Request amount field.
Once you’ve entered an amount, the Instant Payout fee will appear on screen and an amount will appear next to You receive. This amount will be paid into your account once the Instant Payout fee has been deducted.
Click the Withdraw now button to complete your Instant Payout request.
Do you run a late-night business? If you think you’ll need cashflow in the early hours of the morning, request your Instant Payout before 11:00pm.
💡 Good to know: To view all your previous payouts, go to the Money tab in the Yoco App (mobile or web) and select the Payout history tile.
An Instant Payout reflects as a separate line item on your bank statement as follows: Yoco IP XXXXXX where IP stands for Instant Payout and the last six characters represent the unique number we assign to each business.
Instant Payouts don’t reflect on your monthly sales report.
Instant Payout fees
| Core Plan | Plus Plan | Pro Plan |
Fees | 1.50% (ex. VAT) of the requested amount. | 1.25% (ex. VAT) of the requested amount. | 1.00% (ex. VAT) of the requested amount.
A minimum flat fee of R10,00 (ex. VAT) applies to all requests below R1,000. |
Examples
If you're on the Core Plan and you request an Instant Payout of R50, you'll pay the minimum fee of R15,00 ex. VAT (R17,25 incl. VAT) and receive R32,75 in your bank account.
If you're on the Pro Plan and you request R5,000 as an Instant Payout, you'll pay R57,50 (1% transaction fee + VAT) and receive R4 942,50 in your bank account.
Factor in the fees
Whenever you request an Instant Payout, remember to request the amount you need, plus the Instant Payout fee.
If your Instant Payout fee is 1.5% (Core Plan): Use the formula amount requested x 1.5% x 115% to work out the fee (incl. VAT) for an Instant Payout between R1,000 and R30,000.
If your Instant Payout fee is 1.25% (Plus Plan): Use the formula amount requested x 1.25% x 115% to work out the fee (incl. VAT) for an Instant Payout between R1,000 and R30,000.
If your Instant Payout fee is 1% (Pro Plan): Use the formula amount requested x 1% x 115% to work out the fee (incl. VAT) for an Instant Payout between R1,000 and R30,000.
Need more help?
Start a conversation with a Yoco Support consultant via our in-app chat.