NSFAS Wallet Account

NSFAS Wallet Account

The NSFAS (National Student Financial Aid Scheme) Wallet Account is an important financial system created exclusively for South African students. It is a digital wallet that allows NSFAS-funded students to receive allowances, manage their cash, and pay for different educational expenses from the comfort of their mobile devices. You can be confident that your funds are safe with the NSFAS Wallet Account. 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. 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.

READ: Do I Have To Apply For NSFAS Every Year?

Features Of NSFAS Wallet Account

The NSFAS Wallet account performs the following actions;

• Secure and convenient:

You can be certain that your savings are safe with the NSFAS Wallet. 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.

• 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.

• Clarity:

The application offers comprehensive visibility into your allowances and financial transactions, minimizing 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.

READ: NSFAS Required Documents

How To Set Up Your NSFAS Wallet Account

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

• 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.

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 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.

Things Needed 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 own 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: When Does NSFAS Open For 2024-2025 Application

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 Wallet 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 website of NSFAS for more information.

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