FICA Bonuses for South African Players

Are you an online sports betting enthusiast based in South Africa? If so, you should really understand what FICA bonuses are and how you can make free money by using sports betting bonuses in the optimal way. You are at the right place to learn everything there is to know about FICA, FICA bonuses and how to go about finding and claiming the best FICA bonuses available at South African online bookmakers.

On this page, we introduce you to the concept of FICA and what purpose it serves at online sports betting platforms. In addition, we also give you some juicy information on the best South African bookmakers and how you can claim bonuses and bonus codes offered by betting sites in order to maximize your winnings and profits.

Below, you will find the best FICA bonus promotions. Keep reading to find out what is FICA and how to claim bonuses.

First things first, let us define exactly what FICA is. As you may have rightly guessed, the term FICA is an acronym for the Financial Intelligence Centre Act. This piece of legislation is specific to South Africa and it was introduced as a way to restrict and fight financial crime.

With every passing year, online sports betting and other forms of real money online gambling continues to boom all over the globe and South Africa is no exception. Players are able to place real money bets in seconds from the comfort of their homes. In fact, with mobile sportsbooks and mobile casinos now becoming common place, players can login to a South African online sportsbook from their smartphones and place various types of bets on numerous events. With a huge uptick in online sports betting, there has also been a marked increase in frauds and financial crimes related to such transactions and this is where FICA comes into play.

FICA plays an important role in preventing fraudulent activity and transactions at South African online gaming platforms engaged in real money bets and games. Without getting into the law books, FICA effectively requires players who have registered to provide certain documentation to prove they are who they say they are. This way, the anonymity which fosters financial crime is removed out of the equation and money laundering is effectively thwarted.

Therefore, even though it might seem like an added responsibility, which is cumbersome, it is important to understand that platforms that ask for FICA documentations are actually safer for them and in their best interests. It is a way to make gambling even more secure and safe for everyone involved.

Most of the top licensed and regulated South African sportsbooks encourage their members to complete the FICA verification of their account at the earliest. In fact, many of the sportsbook actually give players an incentive in the form of a sign-up bonus in order to submit their FICA documents. Below are some of the top South African sportsbooks which offer FICA bonuses and their current FICA bonus offerings.

A FICA Bonus is an excellent bonus that players can get for doing something as simple as sending required documentation for FICA verification. The question is – why would anyone not want to get a FICA bonus when it is so easy to claim and has potential to make you lots of real money.

When you FICA your online sportsbook account and receive your FICA bonus money, you can use this money to wager on sports without risking any of your own money.What’s more? If your bet is a winning bet, then the winnings are yours to keep. Who doesn’t like risk free bets where you can keep the winnings?

However, one should be mindful of the fact that FICA bonus promotions also come with certain terms and conditions attached, just like any other online sportsbook bonus. It is the player’s responsibility to read the terms and conditions, and determine what exactly is required to not only receive the FICA bonus, but cash out the bonus money and any winnings resulting from the bonus money as well.

Free bets South Africa

An important point to note about FICA bonuses is that they are usually compatible with welcome bonuses such as the standard first deposit bonus. When it comes to claiming a FICA bonus, players usually have to sign up for an account, complete their FICA verification and activate their account to receive the FICA bonus.

A real money deposit is not required. However, if the sportsbook does offer a deposit bonus, then you don’t have to wait until your FICA bonus balance is used up, you can still go ahead and make your first deposit and receive your first deposit bonus as well. The first deposit bonus is added on to your existing FICA bonus balance. Any existing FICA bonus balance is not voided as some players may assume. So, if the bookmaker offers a welcome deposit bonus, don’t wait to grab it on top of your FICA bonus.

Another aspect to FICA bonuses at South African online sportsbooks is that the value of the bonus may vary depending on how soon you complete the FICA verification after signing up for an account. Therefore, if you are able to send in your FICA documents right after you register, we would highly recommend you do so. This way, you will receive the highest FICA bonus value offered.

At most South African online sportsbooks, if you complete your FICA within 24 hours of opening your account, you will get a R100 bonus. Completion before 48 hours from opening your account will result in a R50 bonus and completion of FICA before 72 hours from opening the account will result in a R25 bonus. Please check with your bookmaker if any such time dependent FICA terms are applicable at your choice of sportsbook.

• Steps to follow:
  • Click on one of the FICA bonuses links from our “Best FICA Bonuses South Africa 2021” list above
  • Sign up for an account by completing the registration form
  • Send ID proof and address proof documents to the customer support or FICA department email address as specified by the casino
  • Your account is now automatically credited with the free FICA bonus
  • Ensure to check the terms and conditions of the FICA bonus so that you don’t let the bonus expire, or miss out on the bonus due to non – compliance with any of the T&C’s

How to cash out a FICA bonus

When you successfully claim a FICA bonus and your account is credited with the free money, it is added to your bonus balance and not your real money balance. Furthermore, when you play with the bonus balance, any winnings resulting from this type of play will also be added to bonus balance and not to the real money balance. At most online sportsbooks, there are certain conditions that need to be met for the conversion of bonus balance to real money balance. Remember, you cannot withdraw the bonus balance.

One of the primary requirements to convert bonus balance to real money balance and then withdraw the money is the ‘wagering requirement’ which is also sometimes called ‘playthrough requirement’. Essentially, the wagering requirement is put in place to deter people from signing up, getting free money, cashing out and then moving on to another sportsbook where they will exploit the bonus in the same way. Therefore, the wagering requirement will usually specify how much money needs to be wagered and played through before a player is able to withdraw bonus and bonus winnings.

For example, if a wagering requirement is 10 times the bonus amount (simply stated as 10x), and you receive a FICA bonus of R25, then you need to wager and play through at least (25×10) R250 before your R25 bonus money can be withdrawn.

Once you satisfy the wagering requirements and your FICA bonus is eligible for cash out, there are various ways in which you can make the withdrawal. Some of the most popular and South African friendly withdrawal banking methods are credit/debit cards, EasyEFT, Neteller, Skrill, Bank Transfer and in some cases, even cryptocurrencies like Bitcoin, Litecoin, Ethereum, etc. are supported.