The Absa eWallet (formally known as the Absa Cash Send) is a money-to-mobile facility for simpler banking.
It allows you to transfer cash from your Absa bank account to anyone with a working cellphone number.
By far the most convenient and cost-effective way of sending cash quickly.
Let me show you how it works.
Absa eWallet Benefits
One of the benefits of using the Absa eWallet is convenience. The ability to send money, anytime and anywhere to someone who doesn't have the Absa bank account.
Cash is available for withdrawal immediately, with no waiting period like when you're making an eft payment over the weekend or to another bank.
The cash send service is offered at the most affordable costs.
You'll be charged R8.00 for every R1,000.00 cash you send via the Absa CashSend.
The Absa eWallet is designed to send quick cash, and not a large lump sum of money because it'll cost you more.
It's much safer to do an ewallet payment than carrying cash walking the streets - would you agree?
And the best part?
The Absa eWallet withdrawal is free of charge.
How to Send Money via Absa eWallet
If you're familiar with the Absa online system, then you must know it's very simple to do an ewallet payment.
Follow these simple steps to transfer money using the Absa CashSend.
- Logon to Absa Online Banking and select Payments.
- Select Pay and then CashSend payment.
- Select the Absa account to send money from.
- Enter the amount to send up to R3,000.00.
- Enter cellphone number to send the money to.
- Create a six-digit pin and confirm the payment.
- Send the access code or pin to the recipient.
That's it. The recipient for the money will receive an SMS confirmation and instant access to the money.
Quick advise: Always double-check the transaction details before confirming payment. The wrongful recipient may withdraw the money before you realise you made a mistake and Absa will not be liable for that.
How to Withdraw from eWallet
Absa offers various ways to withdraw the ewallet payment.
1. ATM eWallet Withdrawals
Visit any of your nearest Absa ATM that offers the CashSend service
- Select CashSend and then withdrawal
- Enter the 10-digit reference number that has been sent to your cellphone.
- Enter the six-digit pin code that was provided by the person who sent the money.
- Once the transaction has been verified, the full amount will be issued to you.
2. Pep eWallet Withdrawal
You can withdraw cash at any PEP, PEPhome, PEPcell, or at any of the Pep multiple cash-out partners (Usave, Shoprite, Checkers).
To collect money at till points or money market, you must present your bar-coded South African ID Book or Card.
The cashier may request the pin to verify identification and transaction.
And finally, you'll get your money right away.
The Absa eWallet FAQs
Can Absa do ewallet?
Yes. And Absa's eWallet facility is formally named CashSend.
What is the maximum amount for Absa ewallet?
You can transfer any amount up to R3,000.00 per day with your Absa eWallet.
How long does Absa ewallet last?
The Absa eWallet payment is valid for 30 days. And you can manage the unredeemed transactions on Absa Online Banking. Alternatively, the money will be allocated back into your account when the payment expires.
Absa eWallet pin
If you happen to have lost your withdrawal pin for your ewallet payment, you can easily request a new one using the following simple steps:
- Login to your Absa cellphone banking by dialing *120*2272#
- Select option 1 to Reset PIN
- Enter your ID/Passport number
- Enter a new 5 digit PIN
- Your PIN is now successfully reset
How to reverse the Absa eWallet Payment
You can easily cancel or reverse your ewallet payment using Absa online banking.
Here's how you can do it:
- On the online banking's main menu, please choose "Full Service"
- Select "Payments" and then "CashSend"
- Then choose "View unredeemed transactions"
- Choose whichever payment you want to reverse or cancel.