NSFAS Wallet Account

NSFAS Wallet Account

The NSFAS Wallet Account is a special digital tool created to help South African students who are funded by NSFAS. It works like a mobile money account, giving students an easy way to receive their allowances, manage their funds, and pay for essential things like books, food, and transport. Once your funding is approved, the money is paid into your NSFAS Wallet. From there, you can use it to withdraw cash or make payments at stores that are approved by NSFAS.

One of the best things about the NSFAS Wallet is that it’s easy to use and always available. You can access it any time through your phone to check your balance, view your past transactions, and manage your money. This helps you stay in control of your spending and ensures that your money is kept safe.

It’s important to know that your allowance amount depends on your college or university. After you register, your institution tells NSFAS how much to pay you based on your needs. So, having a working NSFAS Wallet is key to getting your money on time. Whether you’re buying textbooks or just need transport money, the NSFAS Wallet is a helpful and secure way to receive and use your student funds.

Learn more: Can You Withdraw NSFAS Money?

IMPORTANT NOTE:

• 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 of 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.

Features Of the NSFAS Wallet Account

The NSFAS Wallet account performs the following actions;

Payment Options:

• Your NSFAS Wallet can be used to pay for tuition, textbooks, housing, and other education-related expenditures.
• It also allows you to pay at some retail shops and internet platforms.

Transaction notifications:

• Receive real-time transaction notifications emailed immediately to your mobile phone to keep track of your financial activity.

Time Efficiency:

• Bid farewell to those extended waits in bank lines.
• With the NSFAS Wallet, you can promptly handle payments and financial management, allowing you to allocate more time to your academic pursuits.

Secure and convenient:

• You can be certain that your savings are safe with the NSFAS eWallet.
• The mobile app gives you simple access to your account 24 hours a day, seven days a week, allowing you to check your balance, transaction history, and more.

Direct Allowance transfers:

• NSFAS transfers your allowances directly into your wallet, avoiding the need for paper checks or bank visits.
• This guarantees that your cash arrives on schedule.

Clarity:

• The application offers comprehensive visibility into your allowances and financial transactions, minimising the likelihood of financial discrepancies.

Convenience:

• You can reach your account from any location and at any time, as long as you have an internet connection.
• This proves particularly advantageous for students who must travel for their educational endeavours.

Learn more: NSFAS Wallet Login Online

Documents Required to Receive Your NSFAS Allowances via NSFAS Wallet

To receive your NSFAS allowances via the NSFAS Wallet, you’ll need to provide the following;

• Your cell phone and a 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.

How To Set Up Your NSFAS Wallet Account

Follow the steps below to set up your NSFAS eWallet account;

• Receive an SMS welcoming you to the NSFAS Wallet
• Verify your account by dialling *120*176# and replying 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.

NSFAS Contact Details

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 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

For South African students looking for a simple method to handle their funds, the NSFAS eWallet Account is a game-changer. Its features, benefits, and easy-to-use design make it a vital means for your academic path. Visit the official NSFAS website for more information.

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