NSFAS Wallet

NSFAS Wallet

Are you a South African student seeking a simple and effective way to handle your National Student Financial Aid Scheme (NSFAS) financial aid? Consider using the NSFAS Wallet. The NSFAS Wallet, also known as the National Student Financial Aid Scheme Wallet, is a digital financial platform that is part of South Africa’s National Student Financial Aid Scheme (NSFAS). It is intended to make the disbursement and management of financial assistance funding easier for qualified South African students attending universities and TVET institutions.

The NSFAS Wallet is a digital account into which approved NSFAS funds, such as tuition, accommodation, and living expenses, are deposited immediately. The digital wallet allows students to access and manage their money. 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.

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.

READ: Does NSFAS Fund 2 Courses?

How To Get Started With NSFAS Wallet

To get started with the NSFAS Wallet, which is part of South Africa’s National Student Financial Aid Scheme, you must first complete a number of steps. Below are steps to get started with NSFAS Wallet\;

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 Online Application 2024

Features Of The NSFAS Wallet

The wallet is made up of the following features;

Instant Fund Disbursement:

Say goodbye to long wait times for your financial aid. With the Wallet, funds are disbursed directly to your digital wallet, ensuring you have quick access to the money you need for tuition, textbooks, and other educational expenses.

Secure Transactions:

Security is a top priority. The NSFAS Wallet employs robust encryption and authentication measures to safeguard your financial data and transactions.

Convenient Expense Tracking:

Easily monitor your spending and manage your finances with the wallet’s built-in expense tracking tools. Stay on top of your budget and make informed financial decisions.

Mobile Accessibility:

Access your Wallet on the go via your mobile device or computer. It’s designed for convenience, allowing you to check your balance and make transactions anytime, anywhere.

READ: Can You Withdraw NSFAS Money?

NSFAS Contact Details

NSFAS Virtual Contact Centre

We are available to assist through the following channels: