How Much Can You Withdraw From NSFAS Wallet

By Dave Nyam •  Updated: 03/16/23 •  5 min read

Suppose you are currently in college and getting funding from the National Student Financial Aid Scheme (NSFAS). In that case, you may be wondering how much money you are allowed to withdraw from your NSFAS wallet, or you may be wondering what the criteria are for withdrawing from the NSFAS wallet. This article will answer all your NSFAS withdrawal questions and help you determine the appropriate amount of money to withdraw from your NSFAS Wallet.

- ADVERTISEMENT -

How Much Can You Withdraw From NSFAS Wallet

You can request a withdrawal of all your cash once NSFAS deposits money into your E-Wallet. However, you must be the correct owner.

If you’re approved for NSFAS funding, you will be eligible to receive all of their packages. NSFAS pays your registration fees and covers tuition and accommodation costs. They also pay a small monthly allowance for incidental/personal expenses.

Once you have been granted an allowance by NSFAS, the money is yours to spend as you wish. But you should spend wisely so that your allowance lasts throughout the month.

How To Get An NSFAS Wallet

To get an NSFAS wallet, you need to be a student at a college participating in the NSFAS program. If your college is not participating in the NSFAS program, you will not be able to get an NSFAS wallet.

What You Need

To get an NSFAS wallet, you will need the following:

Steps

Once you have the above information, follow these steps:

How Do I Cash Out NSFAS Wallet

You can cash out your NSFAS wallet at any participating store or the NSFAS ATM. If you have not received it, you can also visit an NSFAS agent location and request to cash out your money.

Does NSFAS e-wallet Money Expire

The money does not expire. You can use it for any purpose, including paying for accommodation and food. You can also use your funds to pay for books and transport.

Does NSFAS Wallet Have A Limit

There is a limit on the amount you can withdraw from your NSFAS Wallet. Visit any NSFAS cash withdrawal merchants if you wish to withdraw cash. These include Boxer, select Spars stores, Checkers, and U-Save. These limit the amount that can be withdrawn: R200 to R1000 daily.

You can use up to the maximum amount of your NSFAS cash wallet at an approved store.

Institutions Approved For NSFAS Wallet Funding

The following institutions qualify for NSFAS wallet funding:

How To Withdraw Cash From The NSFAS Wallet Account

Withdrawing funds from your NSFAS Wallet is easy and convenient. Here are the steps:

How To Check Balance On The NSFAS Wallet

Transfer Cash From NSFAS Wallet Account To Your Local Bank Account?

What Are The Charges For Using NSFAS Wallet?

There are no charges for using the NSFAS wallet. You use it for free!

Using The NSFAS Wallet To Purchase From Participating Stores

Using The Wallet To Pay Informal Traders

Conclusion

Generally, you can withdraw your funds from the NSFAS Wallet. However, there’s a restriction on how much you can take out daily.

- ADVERTISEMENT -

Keep Reading

Will ISFAP Bursary Replace NSFAS?

Will ISFAP Bursary Replace NSFAS?

Will ISFAP Bursary Replace NSFAS?. ISFAP will not replace the NSFAS since ISFAP does not cater to the same students targeted by NSFAS.

Why My NSFAS Application Was Unsuccessful?

Why My NSFAS Application Was Unsuccessful?

My application for the NSFAS bursary was unsuccessful for several reasons. It may be because you violated their rules.

How To Create myNSFAS Account 2023

How To Create myNSFAS Account 2023

When Does NSFAS Stop Funding A Student?

When Does NSFAS Stop Funding A Student?

Today we’re looking at the various circumstances that can cause NSFAS to stop funding you and what you can do to avoid this.

What Does ‘Awaiting Registration’ Mean on NSFAS?

What Does ‘Awaiting Registration’ Mean on NSFAS?

Sometimes you will find your application status showing ‘awaiting registration.’ Today, we look at what this means and what you should do about it.

How to Change Phone Number On NSFAS

How to Change Phone Number On NSFAS

Change Phone Number On NSFAS. In this article, we'll talk about NSFAS application and the procedure to make any necessary changes should the need be.

NSFAS Disability Support Requirements

NSFAS Disability Support Requirements

As a student living with disabilities, you are eligible to receive funding from the NSFAS through the NSFAS Disability Support Requirements fund

How to Check Unisa Registration Status

How to Check Unisa Registration Status

Do you want to know how to check the Unisa registration status after applying? Read on to find out, among other useful information.

Why NSFAS Does Not Fund International Students

Why NSFAS Does Not Fund International Students

Why NSFAS Does Not Fund International Students. In the past, NSFAS provided support to only South African citizens

Documents Needed to Apply For NSFAS

Documents Needed to Apply For NSFAS

What Is Needed When Applying For NSFAS?. Documents Needed to Apply For NSFAS. When applying for NSFAS bursary, ensure your application has following documents.

Top NSFAS Bursary Alternatives to Fund your Education

Top NSFAS Bursary Alternatives to Fund your Education

Not only NSFAS provides financial support for tertiary institutions; there are other NSFAS bursary alternatives and institutions

Will NSFAS Continue Funding Me If I Take A Gap Year?

Will NSFAS Continue Funding Me If I Take A Gap Year?

Will NSFAS Continue Funding Me If I Take A Gap Year. Here’s everything you should know about NSFAS and gap years.

Which Universities And Colleges Do NSFAS Fund?

Which Universities And Colleges Do NSFAS Fund?

In this piece, we will look at the list of universities and colleges NSFAS fund and discuss what NSFAS has for private institutions. 

How Much Is NSFAS Book Allowance For 2023?

How Much Is NSFAS Book Allowance For 2023?

If you intend to apply for NSFAS funding, you must know the current allowances to see if they suit your needs. Read on to learn how much is NSFAS book allowance. 

How Long Does NSFAS Awaiting Evaluation Take?

How Long Does NSFAS Awaiting Evaluation Take?