NSFAS Wallet: How to Access NSFAS Account Balance

By Klenam JU •  Updated: 11/17/22 •  5 min read

The introduction of the NSFAS wallet can be seen as one of the most innovative ideas to be implemented. This system has reduced long queues at the bank and also eased transactions. The NSFAS wallet has made tracking fund expenditure simple. 

The NSFAS funds are meant for certain purposes; therefore, you can not spend them on lavish items. The NFSAS requires all allowances provided must be in the right spot. 

- ADVERTISEMENT -

Now the most asked question about new NSFAS applicants surrounds the idea of an NSFAS wallet, account access, withdrawal, and transactions. This article will look at how to access NSFAS account balance and share the know-how with you. This will make your life easy and stress-free. 

How do I access my NSFAS funds?

Accessing your NSFAS funds is about how you can make various transactions. If you have received an alert on your phone or email and looking to access this fund, make sure to read the guide below. The National Students Financial Aid Scheme disburses funds to students who have been approved for NSFAS and are already enrolled in the university.

NSFAS has made it very easy for all students to access their funds upon receipt. This method requires using your mobile number associated with your NSFAS account. If you want to access your NSFAS funds, this guide will help you.

How do I check my NSFAS balance with USSD code?

All NSFAS applicants who have received approval qualify to receive funds into their NSFAS account. Once you have received your allowance, the need to check your balance and do other transactions will arise. NSFAS provides students with a wallet linked to their phone numbers, which is used for authentication and verification purposes. 

The method of checking your NSFAS balance is widely used by many as this is a simple method. It does not require any internet or smart device. All you need is your number associated with your NSFAS account with an active network. Students who have received their funds from NSFAS and looking to check their balance using the USSD code can follow the steps below.

How do I withdraw money from NSFAS?

The method of withdrawing money from your NSFAS account is similar to that of withdrawing at the bank. The two differences in the above process are the fact that the applicant does everything on your side, and their withdrawal is made at convenience stores. It is possible to withdraw money from NSFAS, which can be done with a voucher. In this section, we will give you the simple steps on how to withdraw money from NSFAS. 

How can I transfer my NSFAS wallet to bank account?

This question will always come into the minds of new applicants or freshers. The thought of accessing their account or checking their balance will always linger around. The know-how about the NSFAS wallet is very important if you do not want your account to be compromised.

One thing you have to understand is that the NSFAS wallet is a bank account on its own. The difference between a real bank and an NSFAS wallet is not that significant The NSFAS wallet functions just the same way a bank function but comes with restrictions. This is not because NSFAS wants to stop you from spending your allowance but also to track your transaction.

If you are wondering “how you can transfer my NSFAS wallet to a bank account”, this is meant for you. You must know that transferring money from your NSFAS wallet to your bank account is impossible. The function of the wallet works like a bank account, and therefore you can not make transactions between your NSFAS wallet and bank. 

- ADVERTISEMENT -

Keep Reading

How Long Does NSFAS Awaiting Evaluation Take?

How Long Does NSFAS Awaiting Evaluation Take?

What Time Does NSFAS Offices Open?

What Time Does NSFAS Offices Open?

If you want to visit an NSFAS centre but need to know, “what time does NSFAS offices open”? Please continue reading for first-hand information.

How Do You Find Out How Much You Owe NSFAS

How Do You Find Out How Much You Owe NSFAS

If you are a students received funding prior to 2018, they will still need to pay it back if any of it is still outstanding.

How to Apply for a Free Laptop From NSFAS

How to Apply for a Free Laptop From NSFAS

Tthe NSFAS has expanded its mandate to help struggling students access laptops through the Digital Learning Device Programme.

How to Withdraw Money From NSFAS Wallet

How to Withdraw Money From NSFAS Wallet

How to Withdraw Money From NSFAS Wallet. We will focus on describing what is involved in the withdrawal process and every other thing that one has to know.

How Does NSFAS Wallet Work?

How Does NSFAS Wallet Work?

You don't necessarily have to break your neck to understand how your NSFAS wallet works; the service is super easy and accommodates everyone.

What Is Celbux NSFAS?

What Is Celbux NSFAS?

How To Access Your NSFAS One Time Pin (OTP)

How To Access Your NSFAS One Time Pin (OTP)

This article has all the information you need about the NSFAS OTP and how to access your OTP if you’re struggling to access it. 

When Does One Start Paying Back NSFAS Funding

When Does One Start Paying Back NSFAS Funding

Are you considering applying for NSFAS funding but unsure when you will need to pay it back? If so, then this article is definitely for you.

How To Write NSFAS Appeal Form

How To Write NSFAS Appeal Form

The NSFAS Appeal Form/Letter is an important part of the appeal process that sets in the event where an application for funding has been rejected by NSFAS

What To Do After NSFAS Approves Your Application

What To Do After NSFAS Approves Your Application

How Do I Check My NSFAS Using My ID number?

How Do I Check My NSFAS Using My ID number?

Students that wish to check the information or view updates on their NSFAS account using their ID number can do so by following this instructions

How Much Does NSFAS Pay University Students?

How Much Does NSFAS Pay University Students?

In this article, we will be looking at how much does NSFAS pay university students with other pertinent issues.

What Happens When NSFAS Voucher Expires

What Happens When NSFAS Voucher Expires

How do I track my NSFAS Status 2023?

How do I track my NSFAS Status 2023?

If you applied for NSFAS funding for the 2022 academic year, you might wonder how to track your NSFAS status.