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.

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Weekly Bonuses

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125% Match Bonus up to R2210

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Wild Cashback Bonus

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100% up to R1500 + 150 Spins Welcome Bonus

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ZAR

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100% Up To R4,000 Bonus

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Seasonal Promotions

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R50 Sign Up Bonus

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100% up to R1000 + Bet R25 Get R50

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What is FICA?

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.

FICA Bonuses and Promotions at the Top South African Sportsbooks

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.

Supabets R50 Free Bonus

Supabets is a leading online sportsbook targeting the South African consumer market. This contrasting red and black sportsbook platform is a popular option among punters and they are known for offering a huge platter of bonuses. Amongst their bonuses, you will also find a FICA bonus no deposit offer. In order to claim the FICA bonus of free R50, you just have to register an account with Supabets and then email all the required FICA documents to [email protected]

Playabets R100 FICA BONUS

Playabets is another locally popular South African online sportsbook which is licensed by the Kwazulu-Natal Gaming and Betting Board. They are offering players R100 for free upon registration and completion of FICA process. Email proof of ID and address to [email protected]

Hollywoodbets FICA Bonus R25

Sign up with Hollywoodbets, a popular sports betting platform licensed by the Gauteng Gambling Board and FICA your account by submitting ID and address proof to [email protected] to get free R25 bonus money.

Why Claim a FICA Bonus?

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.

Best R25 Bonus

One of the most popular bonuses at South African sportsbooks is free bet bonus: the R25 free FICA bonus. You sign up and get your account FICA verified and receive free R25, it’s as simple as that. One of the best R25 FICA bonuses is offered at Hollywoodbets.

In order to get your free R25 bonus, create an account with Hollywoodbets and then submit your ID and address to [email protected]

Ensure that the documents sent are as per the requirements mentioned in the FICA bonus betting terms and conditions. Once you receive your R25 for free, make sure to use it up with 24 hours or it will expire.

How to claim a FICA bonus

  • 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.

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Pros

  • Easy way to get free bonus money

  • No real money deposit required to claim the bonus

  • Documents can be sent easily via email, no need to post

  • Use the FICA bonus money to try out the sportsbook without risking your own money

  • Great potential to make a lot of money when playing with FICA bonus

  • Platforms offering FICA bonus are highly secure and so is your data

  • Complete FICA quickly to get the highest bonus value possible

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Cons

  • Only available at a few South African online casinos and sportsbooks

  • Bonus Money usually subject to a validity time period after which it is voided

  • Value of bonus may decrease with increase in time taken to complete FICA

  • Documents which are not recent will not be accepted for FICA

  • Bonus money is only available for betting on certain markets and bets with certain odds margins as determined by the sportsbook

  • In order to cash out the bonus money, wagering requirement must be satisfied

What casinos offer FICA bonuses?

FICA is specific to South Africa and so you will only find South African specific online casino and online sportsbooks offering FICA bonuses. Furthermore, as with any other online gaming promotion, the bonus may only be available during certain times of the year. Therefore, the list of which South African casinos offer FICA bonuses is subject to change with time. Currently, some of the best FICA bonuses can be found at platforms like Hollywoodbets, Supabets and Playabets.

 

What is the process for signing up to FICA?

The exact process for FICA verification may vary from one online gaming or sportsbook to the next. A few online gambling platforms have a self-service feature which is a portal where players can upload the required FICA documents. But in most cases, players will have to email copies of required documents to an email address as specified by the operator.

As per FICA regulations, required documents include your account or ID number, cell phone number, copy of passport or other government issued photo ID and copy of address proof. Documents that are acceptable and the format in which they need to be sent, etc. are usually specified in the FICA terms and conditions.

Furthermore, guidelines for foreigners and people residing in someone else’s house or a university are explicitly specified as well. People who may not be able to provide address proof in their own name because of other living arrangements will usually be required to fill a co-habitation form and provide support documentation.

What are accepted FICA documents?

FICA documents can be broadly classified into two categories – ID proof and Address Proof. Now let us look at documents which will suffice for each case.

Accepted ID proof documents:

  • ID Copy or Passport
  • Driver’s license (only accepted in cases where players who have a temporary ID or their ID document is defaced)
  • For Smart ID’s – copies of both front and back of the card

Accepted Address proof documents:

  • Utility Bill in your name which is not older than 3 months
  • Bank Statement not older than 3 months
  • Lease or rental agreement which is not older than 12 months
  • A municipal rate and taxes invoice
  • Mortgage statement not older than 6 months
  • Life insurance policy not older than 12 months
  • Tax return filing not older than 12 months
  • Television license documents not older than 12 months
  • Letter from municipal authority stating person is allowed to live on communal grounds
  • Co-habitation form and supporting documents if you are living with someone

What is a valid proof of address for FICA purposes?

  • Utility Bill in your name which is not older than 3 months
  • Bank statement not older than 3 months
  • Lease or rental agreement which is not older than 12 months
  • A municipal rate and taxes invoice
  • Mortgage statement not older than 6 months
  • Life insurance policy not older than 12 months
  • Tax return filing not older than 12 months
  • Television license documents not older than 12 months
  • Letter from municipal authority stating person is allowed to live on communal grounds
  • Co-habitation form and supporting documents if you are living with someone

What is a valid ID for FICA purpose?

  • ID Copy or Passport
  • Driver’s license (only accepted in cases where players who have a temporary ID or their ID document is defaced)
  • For Smart ID’s – copies of both front and back of the card

What is FICA?

FICA is a South African specific legislation introduced to prevent financial frauds like money laundering. As part of FICA regulations, online gambling sites like online casinos and online sportsbooks based out of South Africa are encouraged to verify FICA documents of their members. FICA facilitates secure gambling. FICA stands for Financial Intelligence Centre Act.

Who can claim a Free FICA Bonus?

Any player who signs up with an online casino/sportsbook offering a FICA bonus and then completes their FICA verification by providing all required FICA documentation will be eligible to receive their free FICA bonus. Other terms and conditions may apply.

What Games can I play with a FICA Bonus?

At online casinos, FICA bonus money can generally be used to play games like video slots. At online sportsbook, FICA bonus money can be used to make bets on certain specified sporting markets and only bets of certain odds margins maybe allowed when using FICA bonus money to wager the bet. The specific games and bets you are allowed to play or place using FICA bonus money can vary from one online platform to the next.

Do I have to register for FICA?

In order to register for FICA, you will need to sign up with an online sportsbook or casino from South Africa which abides by FICA requirements. Depending on the online platform, you may register and get your account FICA verified either through the use of a self-service FICA platform or by submitting all the required FICA documents to the email address as specified by theplatform.

Can I win real money using FICA bonus?

Yes, when you play with FICA bonus, any winnings that result from such play are added to your bonus balance. Once you complete the wagering requirements, this bonus balance is converted into real money balance and you now withdraw this money.