Capitec bank offers a wide range of cardless financial services.
One of them is the Capitec eWallet, the most used service in South Africa for sending cash to a cellphone number.
It works similar to the FNB eWallet or any other bank service, the only difference is security, convenience, and costs of transferring money to friends and families.
Without wasting your time, let's look at the benefits of using the Capitec Bank eWallet service.
How Does It Work?
eWallet services are designed for ease of use and reliability.
The Capitec ewallet lets you send cash up to R3,000 per transaction with a daily limit of R5,000.
You also have a limit of sending up to R25,000 per month with the cash send service.
All of these at a fixed cost of R16 if you send amounts over R1,001. Otherwise, anything between R40 - R1,000 will cost you only R8 - the cheapest after TymeBank money send service.
It gets even better:
There are no hidden costs and monthly fees for using the Capitec Bank ewallet. Only a once-off fixed fee charged per transaction.
The money will be available instantly for withdrawal at any of the Capitec Bank ATMs, Shoprite, Checkers, Usave, Game, Makro, and Builders - FREE of charge.
That's how much it's going to cost you for using the ewallet facility - better than making online payments to other bank accounts right?
How To Send Money With The Capitec eWallet
It's super simple to send money via Capitec.
There are two methods you can use to start using the Capitec eWallet on your phone:
- Mobile App
Follow this how-to guide from Capitec Bank that'll show you the exact steps to take for using ewallet correctly.
When you've successfully transferred the money, you'll receive an SMS with the reference number that you must then send to the recipient including the secret pin you entered in the process.
It's time to collect your cash.
Withdraw Your Cash
Step 1: Visit any Capitec ATM, Shoprite, Checkers, Usave, Game, Makro or Builders store near you.
At the stores, tell the cashier you're a Capitec client and give them your money transfer reference number, name, surname, and cellphone number.
Then they'll ask for the pin to validate the transaction.
Once checked and validated, you'll get your money instantly.
You can now start shopping for important stuff.
Are you having issues using the Capitec eWallet service?
Call 0860 10 20 43 for detailed information about the ewallet facility.