This article should give you a head start on how to transfer money from nsfas wallet to bank accountwithout any issues. But before I that let’s look on what nsfas is all about:
About Nsfas Wallet?
The National Student Financial Aid Scheme (NSFAS) is a South African government student financial aid scheme which provides financial aid to undergraduate students to help pay for the cost of their tertiary education after finishing high school.
It is funded by the Department of Higher Education and Training. The program also manages bursaries such as the Funza Lushaka Teacher Bursary (for students pursuing a teaching qualification), DHET Disability Bursary and other bursaries from the Sector Education and Training Authorities (SETAs).
How Does Nsfas Wallet Work?
NSFAS Wallet is said to be an allowance for college funded students by NSFAS. Students receive allowances directly from NSFAS to withdraw or spend at any trader that’s partnered with the organization.
The NSFAS Wallet itself is in a way, a bank account. Once your funds are loaded into your NSFAS wallet, you then create a cash voucher. You then go to a participating store and present that voucher to get money in return.
And when it comes to transfering money from NSFAS wallet to your bank account, it is quite impossible but i have figured out a way to helps you get your funds into your local bank account easily after creating a Nsfas Wallet.
How To Create Nsfas Wallet Online
An illustration guide on how to create Nsfas Wallet successfully without any inch 2022.
1. Dial *120*176# with your phone.
2. Verify your NSFAS Account.
3. Create a preferred username and password for your NSFAS e-wallet