Can You Withdraw NSFAS Money?

Can You Withdraw NSFAS Money?

Are you a South African student receiving financial assistance from the National Student Financial Aid Scheme (NSFAS) and wondering if you can withdraw the funds allocated to you? The answer is YES. You can withdraw NSFAS money through your NSFAS Wallet. Your NSFAS Wallet will allow you to withdraw cash and/or spend at any merchant registered by NSFAS.

NSFAS funding is primarily meant to support your tuition, living expenses, and other study-related costs. While the system discourages students from withdrawing money for non-educational purposes, withdrawals may be permitted in certain situations.

READ: Will NSFAS Fund Me for 5 Years?

NSFAS Money Withdrawal

Your NSFAS Wallet will enable you to withdraw cash and/or spend it at any NSFAS-registered business. Allowance amounts are decided by institutions and sent to NSFAS when you enrol. To withdraw your NSFAS money, you need to create your NSFAS wallet account. Follow the steps to create your wallet account;

How to get started (1st time users)?

• Receive an SMS welcoming you to the NSFAS Wallet
• Verify your account by dialling *120*176# and reply with your ID number
• Receive a password that you will use when transacting. Note that you need to keep this password secure at all times as anyone with access to your password may access or spend your money. It is advisable to log in to Celbux.appspot.com with your 5-digit password and update your password to something more secure and memorable.
• Do not keep or save your password on your cell phone and always keep your cell phone’s screen locked with a password or pin.

READ: NSFAS Contact Details Toll Free

General NSFAS Wallet Information

• When your NSFAS Wallet account is created by NSFAS, you will receive a “Welcome” SMS advising you to verify your account.
• Ensure at ALL times that you have access to the cell phone number you provided to NSFAS upon application, as this is the number we will use to deposit your funds.
• Should you wish to withdraw cash, you may do so at any of our cash withdrawal merchants, Checkers, Boxer, U-Save and select Spar stores. Note that these stores have daily cash withdrawal limits from R200 – R1000 per day.
• Spending at a registered store has no limit i.e. you can spend up to the maximum value of your cash wallet.

Required Documents To Recieve Your NSFAS Allowance Through NSFAS Wallet

Provide the following to receive your allowance via your wallet;

• Your cell phone and valid SIM card
• You must sign your NSFAS Bursary Agreement if you are a new student to NSFAS
• You will not need to withdraw cash to pay your landlord or any registered merchant.

READ: How Much Is Pocket Money For NSFAS?

Contact NSFAS

NSFAS Virtual Contact Centre

We are available to assist through the following channels:

• Email: info@nsfas.org.za
• Facebook: National Student Financial Aid Scheme
• Twitter: @myNSFAS
• Instagram: @myNSFAS
• WhatsApp: +27 78 519 8006
• USSD:*120*67327#

For general, student and NSFAS Wallet enquiries

• For all other queries regarding students:
• Tel No.: 08000 67327
• Email: info@nsfas.org.za

Physical Address

• The Halyard, 4 Christiaan Barnard St,
• Cape Town City Centre,
• Cape Town, 8001

Visit the official website of NSFAS for more information. I hope the provided information is helpful, share your thoughts below in the comment section.

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