Instant Payout lets you transfer eligible funds from your Yoco balance directly to your bank account within minutes, giving you faster access to the money you've earned. Available 365 days a year, it's a simple way to improve cash flow, cover unexpected expenses or keep your business moving when you need funds most.
What you need to know
The minimum Instant Payout amount is R50.
If you've received fewer than 10 Standard or Fast Payouts in the last 90 days, you can request one Instant Payout per day, of up to R10 000 of your eligible balance.
If you've received at least 10 Standard or Fast Payouts in the last 90 days, you can request up to two Instant Payouts per day, of up to R30 000 of your eligible balance.
The amount you request is paid into your bank account instantly. Any remaining eligible funds will be paid out according to your chosen payout type – Standard, Weekly, or Fast Payout.
Instant Payout is supported by most South African banks.
Bank maintenance
Banks perform maintenance between 11:00pm and 12:00am. If you request an Instant Payout during this time, your request will be queued automatically and processed shortly after midnight.
✨ Yoco settles Standard Payouts daily. These typically take 1–2 business days to reflect in your bank account, depending on your bank.
Banks that support Instant Payout
Check the table below to make sure that your bank supports Instant Payout.
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 this service, the following error message will pop up when you select the Instant Payout button in the Yoco App (mobile or web).
When is Instant Payout unavailable?
There are several reasons you may not be able to access Instant Payout for your business.
Your Yoco profile is still being verified (Check your verification status).
You haven’t added your bank account details to your Yoco Profile (Add your bank details now).
You haven’t processed any transactions on the day of your request.
Your eligible balance is below R50.
You’ve already requested your daily Instant Payout (or both, if you qualify for two per day)
Your bank does not support Instant Payout.
You request a payout between 11:00pm and 00:00am when banking maintenance takes place. Your request will automatically be added to a queue, and the funds will be paid out just after midnight.
Your transactions have been flagged for risk assessment, or your account is under risk review.
✨ What is your eligible balance?
This is the amount of money that’s available for an Instant Payout and it reflects as ‘Available for Instant Payout’ in the Yoco App (mobile or web).
Your eligible balance includes all the Yoco transactions you’ve made, less any applicable fees, refunds, chargebacks, Instant Payout and Capital repayments, since the last time a Yoco payout was processed for your profile.
Your eligible balance excludes any transactions that have been flagged as 'high risk'. If you have transactions under risk review, or if your account is under review, your eligible balance will differ from your payout amount. If either case applies, we'll send you an email with more details.
Click here to find our more about your Yoco balance.
Requesting an Instant Payout
Select the Money tab from the menu at the bottom of the home screen (Yoco Mobile App) or the menu on the left of the home screen (Yoco Web App).
Select the black Instant payout button.
An ‘Available for Instant Payout’ amount will appear on the screen. This is your eligible balance. Enter the amount you’d like to request as an Instant Payment under Request amount.
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 is what will be paid into your account once the Instant Payout fee has been deducted.
Click the Transfer 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 11:30pm!
💡 Good to know: To view all your previous payouts, go to the Money tab in the Yoco App (mobile or web) and select the Payouts tile.
✨ What's that line item?
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 (incl. VAT) applies to all requests below R1,000. |
🌍 Real-world examples
If you're on the Core Plan and you request an Instant Payout of R50.00, you'll pay the minimum fee of R15,00 (incl. VAT) and receive R35,00 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 R1,00 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.