Coinvest NSFAS Login- How Simple To Use It [2024]

Do you know what a Coinvest NSFAS login is and how to use it? In this article, we’ll break down the complete topic, from Coinvest NSFAS account creation, login, payments, view balance, ATMs, etc.

Coinvest NSFAS is a modern digital banking platform designed for students who wish to receive loans and bursaries for NSFAS. The prime aim of this digital bank is to help students manage their funds online, make payments easily, view balances, and draw cash safely and securely.

Students get their payments for transport and other living expenses. They can also download the Coinvest NSFAS app and use it for performing EFT transactions.

Why Register for NSFAS?

NSFAS offers financial support to disadvantaged students aiming to continue their education at public universities and TVET colleges in South Africa. This assistance includes covering tuition fees, accommodation, and other crucial living expenses. This NSFAS aid opens doors for students from low-income backgrounds to pursue higher education.

What is Coinvest NSFAS?

Coinvest NSFAS is a modern digital banking platform that is specially designed for students who wish to receive loans and bursaries for NSFAS. The main purpose of this digital bank is to facilitate students to manage their funds online, make payments easily, view balances, and draw cash safely.

This online platform enables students in South Africa to apply for, receive, withdraw, and manage their NSFAS funds. This platform ensures easy and simple access for students to their financial aid effectively and securely.

For Coinvest NSFAS login, the first thing to do is register yourself to access Coinvest NSFAS services.
If you’re a mobile user, then visit the Google Play Store or the Apple App Store and download this application for using Coinvest NSFAS login.
If you’re a new user, then create a Coinvest NSFAS account by clicking on “Sign up”.
To prove your identity, now enter your ID number, then click on the option “Next.” If you’re not an NSFAS beneficiary, you’ll be unable to proceed further.
Write your registered mobile number and accept the terms and conditions, then click on the option “Next”.
Put the One-Time Pin (OTP) received as you received then proceed further.
Now, create a unique username and password that are easy to remember, then proceed further by clicking on “Next.”
Select the identification type, i.e. the document you like to use for verification of your identity, then click on the option “Next”.
In this step, you have to upload the kind of identification document chosen in the above step by clicking the option “Upload document’.
To capture a photo, stand against a plain, light-colored wall. Give a thumbs-up gesture close to your face. Ensure both your face and the thumb are clear and not blurry in the picture.
Write your details, such as your first name, surname, ID number, student number, and institution name, and proceed further by clicking on “Done”.
You’ll see the message “Your account is ready!” on a computer screen. Select “Done,” then proceed to add your account and cards.
Once onboarded, students will receive an NSFAS Mastercard from Coinvest. This card offers the freedom to withdraw cash from ATMs, conduct electronic transfers, make purchases at selected retail stores, and easily access cash through the Coinvest money card. Collection of this card can be done by a Coinvest Agent.

How to Withdraw on Coinvest NSFAS?

If you wish to withdraw your money from your account online to your associated or linked bank account or another Coinvest NSFAS account, you should follow these steps:

Type in Google Search “Coinvest,” then click this link where a registration form will show with two options: ” Login ” and “Register Here.” If you’re a new user, then you’ll click on the option“Register Here.” for account creation at Coinvest. In case you’re an old customer, then you’ll click on the option ” Login.” You can Coinvest NSFAS Login through its website or via the Coinvest app.
Now search the option “Move Money” Section.
Select the option.”Withdraw”. Write here the amount you wish to withdraw.
Choose your desired or preferred bank account for the withdrawal of money.
It is suggested that you revise the details, counter-check the amount, and confirm the transaction after this.
You also have the option to withdraw NSFAS funds by using the Coinvest NSFAS Master Card. You can also buy directly by using this card at a POS terminal.

How to Check the Balance on Coinvest NSFAS?

If you wish to view your balance, Coinvest NSFAS login is the key to view your balance on the official website of Coinvest NSFAS or its application. The website dashboard will show your available account balance. You also have the option of checking histories of transactions and statements to see funds movements like payments, withdrawal records, funds received, etc.

Institutions to be onboarded by Coinvest

Being an official NSFAS bank account distributing partner, Coinvest is working with the following famous educational institutions in South Africa:

Rhodes University(RU)
Sefako Makgatho Health Science University (SMHSU)
Stellenbosch University(SU)
University of Cape Town (UCT)
University of Mpumalanga (UMP)
The University of South Africa (UNISA)

Coinvest NSFAS Contact Details

For inquiries about the service, feel free to reach out to Coinvest NSFAS at their toll-free number, 080 001 4551, or send your queries via email to nsfas@coinvest.africa. Additionally, you can contact them directly at 011 507 5555.

Benefits of Using Coinvest NSFAS

Convenience: No more long queues or piles of paperwork. With Coinvest NSFAS, you can access your funds from home or anywhere with the internet.
Speed: No more waiting weeks for your money. Coinvest processes withdrawals quickly, so you get your funds when you need them.
Security: Coinvest NSFAS uses advanced security to keep your financial information safe. You can trust your money is secure.
User-Friendly: Coinvest NSFAS is easy to use, even if you’re not tech-savvy. Navigating the system is simple.
24/7 Access: Access your NSFAS funds anytime, day or night. No need to wait for business hours.

How Much Does Coinvest Charge for NSFAS?

The charge of the Coinvest fee is R12 when your NSFAS funds are deposited into your account. If you desire to get instant payment from your Coinvest account to your other bank account, its cost is R35, whereas a standard fee is R5. This fee structure is commenced on July 13, 2023.

With the outstanding services of Coinvest, you should forget about long queues, waiting for weeks, and endless paperwork. Your financial journey with Coinvest to instant and easy access to your NSFAS allowances is now smooth and hassle-free. This financial platform is a perfect solution to withdraw your NSFAS funds effortlessly.

To set up an account is very simple, but the benefits are countless. You can enjoy the easiness, speed, and security of Coinvest NSFAS for all your educational and financial requirements.

Conclusion-Coinvest NSFAS Login

I hope you have learned in this article lot about Coinvest’s proper mechanism, working, and facilities. If you want to register on the Coinvest NSFAS login page for the academic year 2024-25 is very simple. Simply visit the Coinvest NSFAS login page and log in to your account with your ID number.

Make sure your Coinvest NSFAS username and password should be unique and secure in all aspects. You should make sure your information is accurate and complete to boost your chances of securing financial aid.

FAQs

Yes, Coinvest Money has collaborated with NSFAS, and this collaboration moved to the formation of Coinvest NSFAS, an online digital platform to facilitate a more easy and streamlined process for students receiving aid.

The maximum amount withdrawal limit for a student is R5,000 per day, and the minimum limit is R10.

The NSFAS bank card has a monthly fee of R12. NSFAS introduced this service so students can get their allowances directly and use the card for transactions. With the NSFAS bank card, you can withdraw cash at ATMs, transfer money online, and make purchases.

Coinvest, eZaga, Norraco, and TeneTech Technologies are the partnered organizations assisting in the distribution of these accounts.

Coinvest NSFAS is specifically for South African students; unfortunately, it’s not open to international students. However, international learners can explore alternative financial aid options that might be accessible to them.

To switch your withdrawal method, simply log into your Coinvest account. Head to the ‘Withdraw Funds’ section and select your preferred withdrawal method. Navigating Coinvest NSFAS is easy, as explained earlier. If you’re an NSFAS beneficiary, make sure to sign up for a smoother financial management experience.

Here are the steps to sign up for a Coinvest NSFAS bank account:

Go to https://nsfas.coinvest.africa.
Click on the green ‘Sign Up’ button.
Enter your ID number for identity verification.
Follow the on-screen instructions to finish signing up.

You can easily access your funds from your Coinvest NSFAS account by visiting any ATM with the Mastercard logo. Just insert your Coinvest money card and follow the on-screen instructions. This allows you to withdraw cash instantly, giving you convenient access to your funds whenever necessary.

To update your mobile number in your Coinvest Money Profile, you can’t do it yourself. Instead, you’ll need to call us at 011 507 5555 for assistance. Keep in mind that you’ll need to undergo a security verification process before your account can be updated with the new mobile number.

To register on www.nsfas.org.za, go to the myNSFAS tab and click on “register.” Tick the acceptance option to allow NSFAS to verify your information. Enter your ID number exactly as it appears on your ID document.