What Is A NSFAS Wallet?

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Students who are funded by NSFAS qualify for allowances to help them cover the costs of studying. Certain students receive their allowances via their NSFAS Wallet.

The National Student Financial Aid Scheme (NSFAS) provides students who study at certain tertiary institutions with an NSFAS Wallet which allows them to withdraw cash or spend it at any merchant registered by NSFAS.

Students who make use of the NSFAS Wallet will need to have their own cell phone and valid SIM card. Before they are granted access to their allowances they will be required to sign the NSFAS Bursary Agreement. 

NSFAS students are reminded that they do not need to withdraw cash to pay for their accommodation or any registered merchant.

Students are encouraged to always have access to the cellphone number that they used when applying for NSFAS. This is because the number will be used to deposit their allowances.

Here is how to start your NSFAS Wallet:

  • You will receive an SMS welcoming you to the NSFAS Wallet.
  • Once you receive an SMS, open it and verify your account by dialling *134*176# and replying with your ID number.
  • You will then receive a password that you will use when transacting. Note that you need to keep this password secure at all times! 
  • Do not keep or save your password on your cell phone and always keep your cell phone’s screen locked with a password or pin.

Students may withdraw cash at any of the participating stores, which include Usave, Shoprite, Checkers, Choppies, SPAR, or Boxer. However, these stores have a daily cash withdrawal limit of R1 000. 

They may also pay for goods at participating stores, which include Shoprite, Usave, SPAR, Checkers, Boxer, Choppies, Van Schaiks, Romans Pizza, Nando’s, Burger King, McDonald’s, Spur, Debonairs, Hungry Lion, John Dorys, Rocomamas, and loads more.

These stores do not have daily limits so students can spend up to the maximum value of their cash wallet.

Click here for a full guide on the NSFAS Wallet.

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