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Nedbank eWallet

Nedbank eWallet

Nedbank Bursary South Africa

Nedbank eWallet, also known as Send-iMali, is a service that allows you to send money instantly to any South African cellphone number. The recipient doesn’t need to have a Nedbank account and can withdraw the money at a Nedbank ATM without needing a bank card. This service is ideal for sending money to friends, family, or even making payments in situations where traditional banking methods aren’t feasible.

How Does Nedbank eWallet (Send-iMali) Work?

  1. Send Money via the Nedbank Money App or Online Banking:
    • Log in to your Nedbank Money App or Online Banking platform.
    • Select the Send Money or Send-iMali option.
    • Enter the recipient’s cellphone number and the amount you wish to send.
    • Confirm the transaction, and the recipient will receive an SMS with a unique withdrawal code.
  2. Receiving and Withdrawing the Money:
    • The recipient receives a voucher number via SMS.
    • They can withdraw the money from any Nedbank ATM by selecting the “Cardless Services” option and entering the voucher code and PIN.

Key Features and Benefits of Nedbank eWallet:

  • Instant Transfer: Money is sent and available for withdrawal immediately.
  • No Bank Account Required: The recipient doesn’t need to have a bank account to receive and withdraw the funds.
  • Convenience: Withdrawals can be made from any Nedbank ATM, and the service is available 24/7.
  • Security: Each transaction generates a unique voucher code and PIN, which ensures secure withdrawals.
  • Cost-Effective: Sending money via Send-iMali is usually accompanied by a small fee, which can vary depending on the amount sent.

How to Use Nedbank eWallet:

  1. Using the Nedbank Money App:
    • Open the app and log in.
    • Choose the Send Money option.
    • Enter the recipient’s mobile number and the amount.
    • Confirm the details and complete the transaction.
  2. Using Nedbank Online Banking:
    • Log in to Nedbank Online Banking.
    • Navigate to the Payments section and select Send-iMali.
    • Enter the necessary details, confirm, and the money is sent instantly.

Withdrawal Process:

  • Go to any Nedbank ATM.
  • Select Cardless Services or Withdraw without a card.
  • Enter the voucher code and PIN received via SMS.
  • Withdraw the funds.

Fees:

Nedbank charges a small fee for using the Send-iMali service, which can vary based on the amount sent. Check the Nedbank pricing guide for up-to-date fee information.

For more detailed information, you can visit the Nedbank eWallet (Send-iMali) Page.

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