How To Register For NSFAS Wallet Account

By Klenam JU •  Updated: 12/13/22 •  4 min read

The national student financial aid scheme is set up to support students seeking financial aid in tertiary institutions. As part of the operations and administrative tasks, the NSFAS introduced the wallet account for students expecting to receive funds from NSFAS.

The NSFAS wallet account must be registered for one to receive an allowance. This NSFAS wallet account registration is much related to the students at the TVET. Without the NSFAS wallet, applicants may not be able to receive their funds. The wallet allows individuals to make payments and transact deals in their own comfort. 

How To Register For NSFAS Wallet Account

To register for an NSFAS wallet account, you must have a mobile phone with a number linked to your application. The NSFAS wallet is the medium to receive an allowance from NSFAS. Registering for the NSFAS wallet gives you the mandate to receive funds from NSFAS and also access your funds.

 This option also gives you access to our NSFAS wallet account online.

Who qualifies for NSFAS wallet?

The NSFAS requirements state that; applicants with a household income of less than R350000 are eligible to receive financial assistance from NSFAS. The qualification, on the other, may be subject to your entire application.

And in this case, applicants who meet all the NSFAS requirements are eligible to qualify for the NSFAS wallet. One key thing to note about the NSFAS wallet is that it is limited to students enrolling in the TVET colleges. 

How do I use NSFAS mobile wallet?

Understanding the actions of NSFAS can sometimes be very positive for applicants. NSFAS created a mobile wallet for students who meet their requirements. The Usage of the NSFAS mobile can be in two forms. These include withdrawals and making payments.

Students who have received their NSFAS wallet can easily make withdrawals from their NSFAS mobile wallet through the voucher procedure. You can also create a voucher to make payments or purchases for goods. The wallet serves as your bank account but with certain restrictions.

How do I activate my NSFAS account?

Upon registration of your NSFAS account, that is when you can activate your NSFAS account. One vital point is to sign the loan agreement NSFAS sends to you. This confirms that NSFAS will pay you your allowance in your NSFAS account. 

To activate your NSFAS account: 

Dial *120*176#; this step allows you to initiate the activation process. Upon dialing the code and selecting the required option, you will be asked to enter your ID number. Once this is complete, a password is sent to your mobile number. That password and ID number will be used to access your NSFAS account. The above procedure activates your NSFAS account when successfully done.

Why Do You Need To Register NSFAS Wallet Account?

Understanding the motive of the NSFAS wallet account will give you an idea as to why you need it. Certainly, not all applicants need the NSFAS wallet account. According to the policy of NSFAS, the creation of the wallet was done to help TVET colleges to receive their allowance without going through stress.

The need to register for an NSFAS wallet account is very crucial; it is the main gateway to receive and access your allowance sent by NSFAS. This wallet account is purposely made to track students’ spending and all other expenditures. Without registering your NSFAS wallet, you would not be able to receive funds from NSFAS. You will have access to credible merchants across the regions to withdraw or make purchases. 

Keep Reading

How Long Does NSFAS Validation Take?

How Long Does NSFAS Validation Take?

We're here to simplify things as much as possible and answer some common questions about NSFAS validation.

How to Change my NSFAS eWallet PIN

How to Change my NSFAS eWallet PIN

NSFAS eWallet PINs and passwords can be lost, or you may need to change your mobile number. Today, we look at how to do this

How To Create NSFAS Voucher Online

How To Create NSFAS Voucher Online

In this article, you will learn a lot about the NSFAS voucher online and the whole process of creating the voucher. 

NSFAS Terms And Conditions

NSFAS Terms And Conditions

This article explains everything you want to know about NSFAS terms and conditions before you apply for financial aid.   

When is NSFAS Opening for 2024 Late Application?

When is NSFAS Opening for 2024 Late Application?

Read on to know when NSFAS is opening for the 2024 late application, the documents required and the benefits you should expect.

How To Get NSFAS Confirmation Letter

How To Get NSFAS Confirmation Letter

How to Activate NSFAS on sBux Account Portal

How to Activate NSFAS on sBux Account Portal

In this article, we will be looking at how anyone can activate NSFAS on Sbux, use NSFAS sBux, and other related issues pertaining to NSFAS Sbux.

What Does It Mean When Your NSFAS Status Is Blank?

What Does It Mean When Your NSFAS Status Is Blank?

so today, we are breaking down why a blank NSFAS status can occur and what to do about it. Luckily, it is not a major issue.

How To Cancel NSFAS Application

How To Cancel NSFAS Application

You formally write to NSFAS about canceling your application. Also you can cancel NSFAS application by visiting the NSFAS website with the URL www.nsfas.org.za.

How To Activate NSFAS Wallet 2024?

How To Activate NSFAS Wallet 2024?

NSFAS Academic Requirements For Returning Students

NSFAS Academic Requirements For Returning Students

How Much Is NSFAS Book Allowance For 2024?

How Much Is NSFAS Book Allowance For 2024?

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 To Upload Your ID When Applying For NSFAS

How To Upload Your ID When Applying For NSFAS

You need to create your myNSFAS account first to be able to upload your ID. Follow the steps below to create your account. 

NSFAS eWallet: How to Access your Account Balance

NSFAS eWallet: How to Access your Account Balance

In this article; you'll find the answers to all those tricky balance-checking questions and more about NSFAS ewallet

Can I Transfer NSFAS Wallet to a Bank Account?

Can I Transfer NSFAS Wallet to a Bank Account?

Can I transfer NSFAS Wallet to a bank account. First-time recipients of funding from NSFAS must create and activate their NSFAS Wallets