Luno closes EU accounts: sell and withdraw euros by 31 August 2026 or face monthly fees
Anyone still holding euros or crypto with Luno needs to act now. The exchange with South African roots is winding down its service in the affected European markets. Selling and withdrawing money to a bank account is only possible until 31 August 2026. Accounts close on 1 September, and remaining balances then attract monthly fees that rise to as much as $52 from December. The route of withdrawing crypto to your own wallet has been shut since late June. This article sets out the deadlines, the steps that remain and how to pick a successor platform with a MiCA licence.
Luno account closure: the timetable up to 1 September 2026
The wind-down has been running in stages for weeks, and the most consequential stage is already in the past. This is the timetable as Luno has communicated it to customers and as several trade publications consistently report:
- 29 June 2026: last day for crypto transfers to external wallets. Since then, crypto withdrawals have been permanently disabled.
- 31 August 2026: last day to sell holdings and withdraw the euro proceeds to a bank account.
- 1 September 2026: Luno closes accounts in the affected regions for good.
- From September 2026: a $2 monthly inactivity fee on remaining balances.
- From December 2026: an additional $50 dormancy fee, taking the total to as much as $52 a month.
The dates come from Luno's customer guidance and from consistent reporting in the trade press, including CryptoSlate (as of 8 August 2026). Luno has not publicly named the individual countries affected; its help pages refer generally to regions where service is being discontinued. If you can still log in and see those notices in your app, you are in scope.
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