Transferring money from one bank account to the other has become very easy nowadays with internet banking, and mobile banking apps. In South Africa, two popular banks - Nedbank and Capitec - offer customers the convenience of transacting through their mobile phones. So, if you're a Nedbank customer looking to send money to a Capitec account holder, you're in luck! In this article, we'll show you how to transfer money from Nedbank to Capitec using your cellphone.
What You Will Need
Before you start, you will need to make sure that you have the following:
- A Nedbank account- You need to have a Nedbank account in order to transfer money to another account.
- A Capitec account number- You need to know the Capitec account number of the person you are sending money to.
- A cellphone- You need a cellphone with a sim card from any mobile network in South Africa.
The Process
You can transfer money from your Nedbank account to a Capitec account using your cellphone in just a few easy steps. Follow these instructions to complete the transfer process:
Step 1: Dial *120*001# and press send
To start the process, you need to dial *120*001# and press send on your cellphone. This will give you access to the Nedbank Mobile banking menu.
Step 2: Enter your banking PIN
After dialing *120*001#, a menu will appear on your screen. Select the option "Transfers" and then select "Capitec." A prompt will ask you to enter your banking PIN. Key in your 4-digit PIN and press send.
Step 3: Enter the recipient's Capitec account details
After entering your PIN, you will be prompted to enter the Capitec account number of the person you are sending money to. Enter the 10-digit Capitec account number followed by the recipient's name (as it appears on their account). Double-check the details you entered to ensure they are correct.
Step 4: Enter the transfer amount
Next, enter the amount you want to transfer to the Capitec account. Double-check the amount to ensure that you have keyed in the correct value.
Step 5: Confirm the details and complete the transaction
After entering the transfer amount, you will be prompted to confirm the details you have entered. Triple-check to confirm that everything is correct. If you are happy that the details are correct, press "Yes" to complete the transaction.
Conclusion
Transferring money from Nedbank to Capitec using your cellphone is quick, easy, and convenient. As long as you have the right information, you can complete the process in just a few minutes. Always remember to keep your banking PIN safe and never share it with anyone. Happy transacting!
