How Does Absa Cash Send Work

How Does Absa Cash Send Work

Absa Cash Send is a fast, easy, and secure way to send and receive money in South Africa. It is a service that enables you to send money to anyone using their mobile number, without them having to have a bank account. This service is ideal for those who don't have a bank account or prefer not to use their debit card to transfer funds.

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Table
  1. Requirements for Absa Cash Send
  2. How to use Absa Cash Send
  3. Benefits of Absa Cash Send
    1. Bonus: Absa Cash Send fees
  4. Conclusion

Requirements for Absa Cash Send

To use Absa Cash Send, you need to have an Absa transaction account or a credit card. You also need to be registered for Absa Online banking, and you must have a valid South African mobile number. The recipient also needs to have a valid mobile number, but they don't need to have an Absa account or be registered for Absa Online banking.

How to use Absa Cash Send

To use Absa Cash Send, log in to your Absa Online banking account and click on the "Transact" tab. Then, select "Cash Send" and enter the recipient's mobile number, the amount you want to send, and a reference message. You will then be asked to confirm the transaction via SMS.

The recipient will receive an SMS with a six-digit access code which they need to use to collect the money from an Absa ATM. The access code will be valid for seven days, and the recipient needs to withdraw the funds within this period. The recipient can withdraw the money from an Absa ATM, irrespective of whether they have an Absa account or not.

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Benefits of Absa Cash Send

Absa Cash Send offers many benefits for both the sender and receiver. One of the benefits is convenience. You can send money to anyone in South Africa, irrespective of where they are, and they can withdraw the money from any Absa ATM. This makes it a convenient way to send money to family and friends who may live in remote areas.

Another benefit is security. Absa Cash Send is a secure way to send money, as the sender and receiver don't need to share their banking details. The sender only needs the recipient's mobile number, and the recipient only needs the access code to withdraw the money. This ensures that the transaction is safe and secure.

Bonus: Absa Cash Send fees

Absa Cash Send fees depend on the amount of money you send. For amounts up to R1000, the fee is R8.50, and for amounts over R1000, the fee is R16.50. Fees are subject to change, so it's always a good idea to check the latest fee schedule on the Absa website.

Conclusion

Absa Cash Send is a convenient, safe, and easy way to send and receive money in South Africa. It is ideal for those who don't have a bank account or prefer not to use their debit card to transfer funds. The service is secure, and fees are reasonable. Next time you need to send money to someone in South Africa, consider using Absa Cash Send.

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