How to Transfer Money From NSFAS Wallet to Bank Account?

In today’s inflation era, the National Student Financial Aid Scheme (NSFAS) has become an invaluable resource for countless students in South Africa. However, many NSFAS recipients wonder about the intricacies of managing their NSFAS funds, particularly when transferring money from their NSFAS wallet to their personal bank accounts. If you want to know how to transfer money from an NSFAS wallet to a bank account, this quick guide is for you.

Managing finances efficiently is essential for students receiving support from the National Student Financial Aid Scheme (NSFAS) in South Africa. Unfortunately, no student receiving NSFAS can transfer the money from the NSFAS wallet to any bank account.

This ends the discussion of how to transfer money from an NSFAS wallet to a bank account, but this does not mean you will never get the cash in your NSFAS wallet in hand. All you need to do is create a cash voucher using your NSFAS wallet and withdraw the cash from NSFAS-specified participant stores.

How to Redeem NSFAS Cash Voucher?

You must be curious to know the participant stores for the NSFAS cash voucher, aren’t you? I am listing below all the stores where you can use your cash vouchers to shop or withdraw cash.

  • Checkers
  • Boxer
  • Choppies
  • USave
  • Spar stores (selected ones only)

If you are in a situation where you need to spend money from the NSFAS wallet you can go to any of the above-mentioned stores and purchase goods from the NSFAS wallet money. Sometimes, I also withdraw the cash from my NSFAS wallet by visiting the participant stores.

You can do the same if you need the cash. Furthermore, there is no spending limit you can use all of your NSFAS wallet money and no one will ask you a question.

How to Create Cash Vouchers on NSFAS Wallet?

If you still haven’t created a cash voucher from NSFAS wallet then hurry up because this is a lifesaver. It can be created via USSD code and web channels. Follow the steps to create your cash voucher quickly.

Through USSD Code

  • Dial *120* 176# from your phone.
  • Type your login credentials and send.
  • Select option 1 from the list that will pop up on your screen after sending your account details. Option 1 is for a cash voucher creation.
  • Then all you have to do is enter the amount you need and select send.
  • Ta Da! Your cash voucher for your desired amount is created.

Through Web Channel

  • If you want to create an NSFAS cash voucher online visit the following link https://celbux.appspot.com/.
  • Input your credential information to sign in to your account.
  • From the menu click on the “Pay” button.
  • Enter the amount you need and tap on “Done.”
  • That’s all. Congratulations! You have successfully created your cash voucher from the NSFAS wallet.

We would like to conclude today’s discussion as transferring money from the NSFAS wallet to a bank account is not possible. However, you can convert the wallet money into cash vouchers that are acceptable at Checkers, Boxe, Choppies, USave, and Spar stores. Follow the steps we mentioned in this guide to create your cash vouchers and visit the stores mentioned above to withdraw cash or purchase any item.

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