Online Casinos Accepting MyEFT

MyEFT is an online electronic funds transfer method that is available to use as a deposit method from mainstream electronic casinos such as Silversands Casino.

This banking method allows for the transfer of funds from major South African banks such as ABSA, African Bank, Bidvest, Capitec, Discovery, FNB, Nedbank, Standard Bank, TymeBank, VISA, and Mastercard too. Comparable to EasyEFT, expect MyEFT to be similar in the ways of security, ease of use and safe transactions.

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What Is An EFT?

An EFT (Electronic Funds Transfer) is a banking option which allows users a way to move money across accounts over the internet. Funds can be moved from bank to bank between people, from a person to a merchant, or even from person to a casino.

All of us have most likely performed an EFT before. They’re incredibly easy to do and have become the default method for moving money.

While most EFT payments are secure, it’s always so important to remain vigilant when conducting them. Make sure that everything is legitimate and above board before pressing that button.

Benefits Of Using MyEFT

  • Integration with various mainstream South African banks
  • It is already being used in established online casinos
  • Easily accessible for all players
  • You don’t need an account to use this method
  • Works with VISA and Mastercard

Any Disadvantages?

Since this method is still relatively new to the scene it needs to find its feet before it is widely recognised and trusted. It’s already been accepted by some online casinos so it’s only a matter of time before it is widely adopted.

How To Make A Deposit Using MyEFT At An Online Casino

There are three easy steps that you’ll need to follow in order to make a deposit using MyEFT. In order to make a deposit at any casino, you’ll need to create an account. In some online establishments, you’ll need to verify your credentials before you’re able to deposit.



Step 1: Selecting Your Method

When you’re ready to make your deposit, navigate toward the cashier tab. Clicking the button will bring up the deposit screen. Scan through the available options and find MyEFT. Once you find it, click on it and proceed to the next step.

Step 2: Inputting Your Value

After selecting your method, you’ll be asked to input the value you wish to deposit. Some online entertainment houses will only allow a minimum of R50 and a maximum of R10,000 so keep that in mind when moving to make a deposit.

Step 3: Entering Your Details

After you’ve entered the amount you wish to deposit, you’ll be asked to select your bank. After that, you’ll have to enter the details associated with that account. Depending on your security settings, you might have to approve the transfer using your bank’s app.

What Are The Main Differences Between MyEFT & EasyEFT?

While they are functionally the same, there are a few small details that make these two methods of money transfer different. One of the biggest differences is that MyEFT is still breaking out onto the scene, whereas EasyEFT is already established.

What’s interesting to note is that MyEFT operates with one more bank than Easy. Discovery Bank is unique to MyEFT, making it the obvious choice for those that use the institution.

Rather disappointingly, at the time of writing it is fairly difficult to find any concrete and solid information regarding MyEFT. You’ll have to dig deep to find even the smallest piece of information which is never good when looking for a financial bridge.



Does MyEFT work with credit cards?

Yes. MyEFT uses VISA and Mastercard as well.


Is MyEFT safe to use?

While this method is as safe to use as most other EFT methods, you still need to exercise caution when making online payments.


What banks operate through MyEFT?

ABSA, African Bank, Bidvest, Capitec, Discovery, FNB, Nedbank, Standard Bank, and TymeBank


Can I use MyEFT to make deposits at an online casino?

Yes, you can use MyEFT to deposit at casinos that support the method, but keep in mind that there is currently a limited number of MyEFT casinos.


What type of method is MyEFT?

MyEFT is an electronic fund transfer method that operates through your bank of choice.