Coinvest NSFAS 2024 Detailed Guide

Coinvest NSFAS is a service from Coinvest Africa that seems to be connected to student accounts linked to the National Student Financial Aid Scheme (NSFAS). It’s designed to help students who receive NSFAS support manage their money better. NSFAS Allowance can be received and withdrawn easily with the Coinvest NSFAS App.

To register for a Coinvest NSFAS bank account, follow these easy steps:

1. Pre-Registration: Start by signing up for the relevant account on the Coinvest Africa website.
2. Create an Account: Go to the Coinvest Africa website and sign up for a Coinvest Money & NSFAS Student Account.
3. Login: After creating your account, log in to your chosen Coinvest Account using the login portal on the Coinvest Africa website.

By following these steps, you can easily register for a Coinvest NSFAS bank account and access the financial services designed for students receiving funds from the National Student Financial Aid Scheme (NSFAS).

To log in to your Coinvest NSFAS account, follow these simple steps:

1. Visit the Login Page: Go to the Coinvest Africa website at https://nsfas.coinvest.africa/auth/login to find the login page for Coinvest NSFAS.
2. Enter Your ID Number: On the login page, you’ll need to type in your ID number to proceed and access your Coinvest NSFAS account.
3. Use Your Login Details: Enter your unique login details to log in to your Coinvest Money & NSFAS Student Account on the Coinvest Africa platform.

By following these steps and providing your ID number, you can easily access your Coinvest NSFAS account and manage your financial aid effectively.

• Visit the myNSFAS Student Portal: Go to the myNSFAS student portal on the Coinvest NSFAS website.
• Click on Forgot Your Password: Click on the option that says “Forgot your password? Click here” on the portal.
• Enter Your ID Number: Provide your ID number as part of the verification process.
• Select “I Can’t Remember My Username”: Choose the option that states “I can’t remember my username.”
• Submit Your Request: Click on the submit button to proceed with the username reset process.

Following these steps will initiate the process to reset your username on Coinvest NSFAS, ensuring you can regain access to your account successfully.

Use an ATM

• Go to any ATM that has the Mastercard logo.
• Put your Coinvest money card in the ATM.
• Follow the instructions on the screen to take out cash from your Coinvest account.

Buy Things

• Use your Coinvest money card at a store that accepts MasterCard.
• You can use it to buy things like textbooks, food, or other stuff you need.

Use the Coinvest App

• If you have the Coinvest app, you can use it to send money to your bank account or another Coinvest account.

Some Important Things to Remember

• Make sure you have enough money to pay any fees for taking out money.
• You can take out at least R10 at a time, and you can’t take out more than R5,000 a day.
• You can only take out money from ATMs in South Africa.

By doing these steps and remembering these tips, you can get money from your Coinvest account using different ways like using an ATM, buying things, or using the Coinvest app.

The good things about using Coinvest NSFAS are:

• Easy to Use: You don’t have to wait in long lines or deal with lots of paperwork. You can get your money easily from anywhere as long as you have the internet.
• Quick: When you take out money with Coinvest, you get it fast. You don’t have to wait for weeks to get your money.
• Safe: Coinvest NSFAS keeps your money safe. They use special security measures to make sure your money and information are protected.
• Simple to Understand: Coinvest NSFAS is made to be easy to use. Even if you’re not good with technology, you can still use it without any problems.
• Available Anytime: You can get your NSFAS money whenever you need it. It doesn’t matter if it’s day or night, you can access your money whenever you want.

Using Coinvest NSFAS makes it easier for students to get their financial aid and manage their money well.

Coinvest charges a payment fee of R12 when your NSFAS allowance is deposited into your account. If you choose immediate payments from your Coinvest account to another bank account, there’s an additional fee of R35. However, for regular payments like bill payments or scheduled transfers, the fee is lower at R5. It may change with time.

Here are three ways to check your balance on Coinvest NSFAS:

1. Using Your Physical Card: Simply insert your Coinvest debit card into any ATM and check your balance just like you would with any other debit card.
2. Coinvest Whatsapp Pay: Activate the Coinvest Whatsapp Pay feature by linking your Coinvest Money Physical Card Account to your Coinvest Money Profile in the mobile app. This allows you to check your balance and make transactions through WhatsApp.
3. Online Login: Login to your Coinvest NSFAS account using your username and password. Once logged in, you can view the balance of your digital, physical, and virtual accounts.

These methods make it easy to stay updated on your Coinvest NSFAS account balance, ensuring you always know your financial status.

The Coinvest NSFAS Virtual Card offers beneficiaries a virtual card with ‘Tap to Pay’ functionality. This feature lets beneficiaries easily view all transactions and balances using the virtual card, ensuring convenient and secure access to their funds. The NSFAS Bank Account, which includes the virtual card, aims to simplify the distribution of funds to students, providing a smooth and secure method for beneficiaries to receive their allowances directly from NSFAS.

Coinvest NSFAS is a platform facilitating the disbursement of NSFAS allowances to students. It offers convenient and secure access to funds, streamlining financial management for beneficiaries. Through Coinvest, students can efficiently receive and manage their allowances, ensuring seamless access to financial support.