NSFAS Wallet: How to Access your Account Balance 2023

NSFAS Wallet allows NSFAS-funded students to receive their allowances, withdraw cash and pay for goods at participating stores or to informal traders.

To receive NSFAS Allowances through your wallet, you will need the following:

  • 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.

How to register for nsfas wallet

Follow these steps to register for your wallet,

  1. On your phone, dial *120*176# and follow the prompt to verify & authenticate your account.
  2. Your account password will be sent to you via SMS.
  3. Once your account has been verified, you can access it simply by dialing the same *120*176#.
  4. You can also access your account via celbux.appspot.com (more info below).

How to check your nsfas wallet balance

There are two ways to check the balance in your NSFAS wallet to view the Nsfas statement of account. Check using your cell phone or via the internet.

Via cellphone

On your cellphone,

  1. Dial USSD code *134*176#
  2. Enter your password
  3. Click Send
  4. Select option 2. Query
  5. Finally, view your cash balance and transactions.

Via online

To check your nsfas wallet online (nsfas eWallet),

  1. Navigate to celbux.appspot.com.
  2. Log into your account by typing in your cellphone number and password.
  3. Click the “Login” button.
  4. In your account, click “More”.
  5. Then, click “Transactions”.
  6. Now, you can view your wallet balance.

How to withdraw cash using nsfas wallet

  • If you want to withdraw cash at participating stores, create a cash voucher (see below for steps) and withdraw the cash at Shoprite, Usave, Checkers, SPAR, Choppies, or Boxer.
  • If you want to buy goods at participating stores, create a Cash Voucher to pay for goods in-store such as Shoprite, Usave, Checkers, SPAR, Choppies, Boxer, Van Schaiks, Nando’s, Romans Pizza, McDonald’s, Burger King, Spur, Hungry Lion, Debonairs, Rocomamas and John Dorys amongst others.
  • Note that these stores have daily cash withdrawal limits from R200 to R1000 per day.

On your cellphone

  1. Dial the shortcode *120*176#
  2. Enter your password.
  3. Click Send.
  4. Select option 1. Cash Voucher and click Send.
  5. Enter the amount and click Send.
  6. Your newly created voucher will be displayed.

Via internet

  1. Navigate to celbux.appspot.com.
  2. Log into your account by typing in your cellphone number and password and clicking the Login button.
  3. Click Pay.
  4. Enter amount.
  5. Click Done.

What happens if you do not withdraw the total amount of the voucher? If you transacted with a cash voucher, your change will be added to your cash balance.

How to unlock your nsfas wallet

For the 2023 academic year, NSFAS will be migrating students from all TVET colleges, who receive their allowances through NSFAS Wallet and institutional disbursement services, to a direct payment system that will see students receive allowances directly into their bank accounts.

If you planning to enroll at a public TVET college in 2023, you must open a bank account in preparation for the rollout of allowances through bank accounts.

To unlock NSFAS Wallet, send an email to unlock@nsfas.org.za.

Provide the following information in your email:

  • Your ID Number and ID copy.
  • Your full name and surname.
  • Your cellphone number and email address.
  • Your physical and or postal address.
  • Description of your query.

How to reset your nsfas wallet password

To reset your NSFAS Wallet password:

  1. Log on to your myNSFAS account by going to nsfas.org.za.
  2. Click myNSFAS
  3. Log into your account
  4. Click NSFAS Chat
  5. Now you will be able to talk to a consultant
  6. You then will say that you want to reset your NSFAS Wallet account
  7. NW1@nsfas.org.za and NSFAS Connect no longer work and NSFAS now encourages you to use NSFAS Chat. This is said to simplify your customer service experience and is available for all NSFAS Wallet reset requests.

For any other eWallet questions, you can send an email to walletquery@nsfas.org.za and be sure to provide the following information in your email:

  • Your ID number.
  • Your full name and surname.
  • Your cellphone number and email address.
  • Your physical and/or postal address.
  • Full description of your query.

NSFAS bank account

As part of the digital transformation at NSFAS, all NSFAS beneficiaries at universities and TVET colleges will start receiving their allowances and transacting through the NSFAS bank card as of the 2023 academic year.

This new payment solution will alleviate challenges experienced through the current allowance payment method as well as appropriately cater to the ever-increasing number of beneficiaries and a large number of funds to be disbursed.

With the estimated number of NSFAS-funded students at 900,000, not all these students will be onboarded onto the new payment system immediately, NSFAS will pilot this solution with a set number of students first, following which the full roll-out will occur in a phased-in approach.

In the end, all NSFAS-funded students should receive their allowances and transact through the NSFAS Bank Account.

Benefits to the students

How will students benefit from this new direct payment solution?

  • Access to value-added services.
  • Value for money-negotiated rates.
  • Banking freedom.
  • Make online transactions and purchases.
  • Download the allocated partner’s mobile app and perform EFT transactions.
  • ‘Tap to Pay’ functionality and virtual card to pay securely at merchants.
  • Receive an SMS each time a transaction is carried out via their account.
  • The card will be pin enabled which will make it difficult for non-owners to use it fraudulently.
  • All these will afford beneficiaries control over their finances and teach them financial responsibility.
  • Students will be issued a physical and a virtual card.
  • The new system will be able to restrict transactions to allowable commodities.
  • Students will receive third-party customer rewards as part of the value-added.
  • The use of student data will be in line with the Protection of Personal Information Act (POPIA).
  • There will be a call Centre facility and several query resolution mechanisms to support students nationally, anywhere in the country.
  • The solution will allow students to capture, validate and update their personal details through a secure validation mechanism.
  • The solution meets all financial sector regulatory standards and can stop payments, and block/unblock and flag accounts in cases of fraud, death, etc.
  • Students will receive essential messages via SMS, email, or other platforms at different points of their transacting journeys.
  • Students will have complete visibility of all transactions and balances.

NSFAS-funded students receive monthly allowances towards either:

  1. Food
  2. Transport
  3. Other living expenses;

The new solution will help students manage their finances suitably and teach them financial responsibility.

eriq elikplim
eriq elikplimhttps://swiftfoxx.com
I'm the content manager for swiftfoxx.com. I'm just another internet enthusiast who likes sharing useful info with internet users, and that makes me happy.

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