Nedbank CashSend: Send Money Instantly Without a Bank Account
Nedbank CashSend: Send Money Instantly Without a Bank Account
Nedbank CashSend is a fast, convenient service that allows you to send money to anyone in South Africa, even if the recipient doesn’t have a bank account. With CashSend, the recipient can withdraw cash from any Nedbank ATM or participating retail stores without needing a bank card, making it an ideal solution for quick, secure money transfers.
How Does Nedbank CashSend Work?
Nedbank CashSend enables you to transfer money to any cellphone number in South Africa. Once the funds are sent, the recipient receives a notification via SMS with instructions on how to withdraw the money from a Nedbank ATM or a participating store like Shoprite, Checkers, or Boxer.
Key Features:
- No Bank Account Needed: The recipient doesn’t need a Nedbank account or any bank account to receive and withdraw the cash.
- Secure and Instant: CashSend is secure, using a PIN-based system to ensure that only the intended recipient can withdraw the funds.
- Accessible Nationwide: CashSend withdrawals are available from any Nedbank ATM and participating retail stores across South Africa.
- Convenient: Money can be sent 24/7 through Nedbank Online Banking, the Nedbank Money App, or Nedbank Cellphone Banking.
How to Send Money Using Nedbank CashSend
You can send money using Nedbank Online Banking, the Nedbank Money App, or Nedbank Cellphone Banking. Here’s how:
1. Via Nedbank Online Banking:
- Log In to Nedbank Online Banking.
- Select the Payments option from the menu.
- Choose CashSend and enter the recipient’s cellphone number.
- Enter the amount you want to send.
- You will be prompted to set a 6-digit PIN. The recipient will need this PIN to withdraw the money.
- Complete the payment process, and the recipient will receive an SMS with instructions.
2. Via Nedbank Money App:
- Open the Nedbank Money App and log in.
- Navigate to the Payments section and select CashSend.
- Enter the recipient’s cellphone number and the amount to be sent.
- Set a secure 6-digit PIN.
- Confirm the transaction, and the recipient will receive a message with instructions to withdraw the cash.
3. Via Nedbank Cellphone Banking:
- Dial 120001# to access Nedbank’s cellphone banking services.
- Follow the prompts to select CashSend.
- Enter the recipient’s cellphone number and the amount you want to send.
- Set a 6-digit withdrawal PIN for the recipient.
- Confirm the transaction.
How to Withdraw Cash with CashSend
The recipient can withdraw the funds from any Nedbank ATM or participating retailers like Shoprite, Checkers, or Boxer using the following steps:
- At Nedbank ATM:
- Visit a Nedbank ATM and press Enter or Proceed to start.
- Select the CashSend option on the screen.
- Enter the cellphone number that the money was sent to.
- Enter the 6-digit PIN provided by the sender.
- Confirm the amount and collect the cash.
- At Participating Stores (e.g., Shoprite, Checkers, Boxer):
- Go to the cashier or money counter and ask to withdraw funds via CashSend.
- Provide your cellphone number and the 6-digit PIN.
- The cashier will process the transaction, and you will receive the cash.
CashSend Limits and Fees
Transfer Limits:
The amount you can send via CashSend varies depending on the platform used, but typically you can send up to R5,000 per transaction.
Fees:
Nedbank charges a small fee for CashSend transactions. The fee is typically deducted from the sender’s account when the money is sent. You can view the latest fees on the Nedbank Fee Guide.
Safety and Security
Nedbank CashSend is a secure way to send money as it uses a PIN-based system. Only the recipient, who knows the PIN set by the sender, can access the funds. Furthermore, if the recipient does not withdraw the funds within a certain period, the money will be returned to the sender’s account.
Advantages of Nedbank CashSend
- Instant and Convenient: Money is sent instantly and can be withdrawn from ATMs or retail stores without the need for a bank card.
- Wide Availability: Recipients can withdraw cash from any Nedbank ATM or participating retailers across South Africa.
- Secure: The use of a PIN ensures that only the intended recipient can access the funds.
- No Bank Account Required: The recipient does not need a bank account to receive and withdraw the cash, making it perfect for those who are unbanked or in urgent need of cash.
Frequently Asked Questions (FAQs)
1. Can I cancel a CashSend transaction?
Yes, if the recipient hasn’t withdrawn the funds, you can cancel the transaction through Nedbank Online Banking or the Money App.
2. What happens if the recipient does not withdraw the money?
If the money is not withdrawn within 30 days, the transaction will expire, and the funds will be returned to the sender’s account.
3. How much does it cost to send money via CashSend?
Fees for CashSend transactions vary. You can check the most up-to-date fees on the Nedbank Fees Page.
