Last updated: March 2026
EFT vs Ozow: Which Is Better for Casino Deposits?
EFT (Electronic Funds Transfer) and Ozow are the two most popular payment methods at South African online casinos. Both connect directly to your bank account, but they work differently. Here's everything you need to know.
Quick Comparison
| Feature | EFT | Ozow |
|---|---|---|
| Speed | 1-24 hours | Instant |
| Fees | Usually free | Usually free |
| Min Deposit | R10-R50 | R10-R20 |
| Banks Supported | All SA banks | FNB, Absa, Nedbank, Standard Bank, Capitec |
| Withdrawals | Yes (1-3 days) | Some casinos |
| Security | Bank-level | Bank-level + instant verification |
When to Use EFT
- • You don't mind waiting a few hours for your deposit to clear
- • Your bank isn't supported by Ozow
- • You want to use EFT for both deposits and withdrawals
- • You prefer the traditional banking approach
When to Use Ozow
- • You want instant deposits to start playing immediately
- • You bank with FNB, Absa, Nedbank, Standard Bank, or Capitec
- • You value the convenience of no manual reference numbers
- • You want instant confirmation that your deposit was successful
Casinos That Accept Both
- • Betway — EFT + Ozow
- • Hollywoodbets — EFT + Ozow
- • Supabets — EFT + Ozow
Our Verdict
For most South African players, Ozow is the better choice thanks to instant processing. However, EFT remains essential for withdrawals and for players whose banks aren't supported by Ozow.
Frequently Asked Questions
Written by
betcoza Editorial Team
Casino & Betting Experts
Our team of experienced gambling industry analysts reviews and rates online casinos, sportsbooks, and games for South African players.