How Do I Convert NSFAS Voucher to Cash

By Klenam JU •  Updated: 09/27/22 •  4 min read

To use NSFAS allowances, beneficiaries must first have them converted to cash vouchers at an accredited merchant or store partnering with NSFAS. This article explains the process of converting a voucher from the NSFAS to cash.

How Do I Convert NSFAS Voucher to Cash

NSFAS Voucher to cash conversions is a simple procedure that anyone can execute with minimal stress and without significant technical knowledge. However, one must first generate a cash voucher. Two channels are available for generating vouchers: the USSD and electronic channels.

To generate vouchers through the USSD method, one only has to perform the following actions:

  1. Dial the assigned short code, *120*176#
  2. Input log in the credential (password) and send
  3. Select the ‘Cash Voucher’ option (Option 1) from the following list.
  4. Input amount and send.

To generate vouchers through the electronic (web) channel, one is required to perform the following actions:

  1. Visit https://celbux.appspot.com
  2. Sign in to your account by filling in your login credentials (mobile number and password) in designated fields.
  3. Click ‘Pay’ in the subsequent menu.
  4. Enter ‘amount’ and click ‘Done.’

Beneficiaries then proceed to any merchant or store partnering with the NSFAS to perform cash withdrawals. However, withdrawal transactions are capped at a daily limit within the range of 200 South Africa Rand and 1000 South Africa Rand. Consequently, one is not allowed to withdraw more than 1000 South African Rand from the Wallet within 24 hours.

How do I transfer my NSFAS voucher to my bank account?

NSFAS Cash vouchers cannot be transferred from the Wallet to a bank account. However, they can be used for cash withdrawals at designated merchants and registered stores affiliated with the NSFAS. 

It is instructive to note that the amount of money one can access for use from the NSFAS wallet is capped by a daily limit of 1000 South African Rand. If the daily limit is exhausted for one day, one will only be able to access further funds upon the expiration of a period of twenty-four (24) hours.

How Long Does NSFAS Cash Voucher Last Before Withdrawal?

NSFAS Wallet Vouchers (or cash vouchers) have no expiry period. Failure to exhaust available funds in the wallet voucher does not result in a loss of access after a specific period. In other words, as explained elsewhere, “If you do not withdraw the total amount of your voucher, your change will be added to your cash balance .”In summary, the NSFAS cash voucher only lasts as long as the Wallet is loaded with funds.

Does the NSFAS wallet voucher expire?

As stated before now, the NSFAS Wallet voucher has no expiry period. The timeless validity of these wallet vouchers implies that one can use them anytime if the Wallet is loaded with funds. To reiterate, “failure to exhaust available funds in the wallet voucher does not result in a loss of access after a specific period.”

Can I withdraw NSFAS at ATM?

The National Student Financial Aid Scheme (NSFAS) disburses its allowances to aid recipients through the NSFAS Wallet. Beneficiaries must, however, create a cash voucher to be able to withdraw from the NSFAS Wallet. These vouchers are used to perform cash withdrawals at accredited merchants and stores. Beyond this, it is impossible to withdraw from a wallet at conventional ATMs.

How do you receive money from NSFAS?

The NSFAS Wallet is the primary means through which the scheme disburses allowances to beneficiaries mostly enrolled for studies at technical and vocational education training (TVET) colleges. 

Allowances disbursed by the scheme fund various expenses incurred during studies. As per the scheme, disbursed allowances are calculated in collaboration with institutions where the beneficiaries are enrolled for studies. However, students registered for accredited study programs at the University of South Africa have their allowances disbursed directly to their accounts. 

Keep Reading

How Long Does NSFAS Take To Pay After Signing SOP?

How Long Does NSFAS Take To Pay After Signing SOP?

Signing SOP, Schedule of Particulars. You will find all the details you require concerning the procedure in this article

What Documents Do I Need to Apply For NSFAS

What Documents Do I Need to Apply For NSFAS

So What Documents Do I Need to Apply For NSFAS? To answer, you must first even understand the concept of documents

Can You Have NSFAS And Other Bursaries?

Can You Have NSFAS And Other Bursaries?

This article will look at if you can have NSFAS And other bursaries, and other related questions that will provide great insight to many applicants. 

Can NSFAS Fund Multiple People In A Household?

Can NSFAS Fund Multiple People In A Household?

Today we have all the facts on NSFAS funding for multiple people in a household to help you make the best possible decision.

How To Check If Your Accommodation Is NSFAS Accredited

How To Check If Your Accommodation Is NSFAS Accredited

In this article, we'll help you determine if your lodging is NSFAS approved and how to apply for accreditation.

What Happens When NSFAS Voucher Expires

What Happens When NSFAS Voucher Expires

How To Register Celbux As An NSFAS Student

How To Register Celbux As An NSFAS Student

South Africa student can use a Celbux account with an NSFAS wallet, provided that they has a registered account.

What Does NSFAS ‘Provisionally Funded’ Mean?

What Does NSFAS ‘Provisionally Funded’ Mean?

Provisionally funded NSFAS is financial status. Today, we will explore what exactly provisionally funded NSFAS means. 

Do NSFAS Fund Online Courses?

Do NSFAS Fund Online Courses?

This article will cover the courses not funded by NSFAS, If NSFAS Fund Online Courses and online colleges funded by NSFAS

How to Download NSFAS Human Support Claim Form

How to Download NSFAS Human Support Claim Form

If you are applying for NSFAS Disability Fund anytime soon, NSFAS Human Support Claim Form is one of the many important documents you just cannot miss. 

Why NSFAS Does Not Accept Affidavit For Guardianship

Why NSFAS Does Not Accept Affidavit For Guardianship

Why NSFAS Does Not Accept Affidavit For Guardianship. This requirement often confuses students- but we have all the information you need.

How To Appeal For NSFAS Online 2024

How To Appeal For NSFAS Online 2024

If you receive a letter from NSFAS informing that your funding application has been unsuccessful, it's possible to appeal. Here's How To Appeal For NSFAS Online

How to Sign NSFAS SOP or LAF

How to Sign NSFAS SOP or LAF

In this article, we will be looking at what SOP/LAF means, how to sign an NSFAS SOP or LAF, and any other issues relating to the LAF/SOP. 

What Is the Difference Between Nsfas And Fundi?

What Is the Difference Between Nsfas And Fundi?

If you are looking to fund your tertiary education in South Africa, both NSFAS and Fundi are exceptionally common ways to get financial assistance.

How NSFAS Works for People with Disabilities

How NSFAS Works for People with Disabilities

How NSFAS Works for People with Disabilities. How does a disabled person qualify for nsfas funding