Capitec Bank is a household name in South Africa and boasts of over 15 million customers. One of the bank's major selling points is its ease of doing business, specifically with Capitec cash send. Capitec cash send is a money transfer service that allows Capitec customers to send money to anyone with a South African cellphone number, irrespective of the recipient's bank.
What is Capitec cash send?
Capitec cash send is an innovative way for Capitec customers to send money to anyone with a South African cellphone number. The service is available to Capitec customers from anywhere in the world, provided they have a valid South African cellphone number to receive the cash send. When the recipient gets the voucher number, they can cash out the money at any Capitec ATM or retail store. Capitec Cash Send is safe, simple, and fast.
How long does Capitec Cash Send Last?
The Capitec Cash Send voucher lasts for seven days from the day it is created. If the recipient does not cash out within seven days, the voucher automatically expires, and the money returns to the sender's account. Once the voucher is redeemed, the funds are available immediately.
Why does the Capitec Cash Send voucher have a 7-day expiry date?
The seven-day expiry date is to ensure the safety and security of the transaction. Capitec Bank has set a seven-day expiry date to reduce the risk of fraudulent activity on the account. It also ensures that the recipient is vigilant when redeeming the voucher, and it is not accidentally redeemed by a third party.
How to send Capitec Cash Send voucher?
Sending a Capitec Cash Send voucher is easy. Follow these steps:
- Login to your Capitec Mobile Banking App or Online Banking.
- Select ‘Cash Send’.
- Enter the amount you want to send and the recipient's cellphone number.
- Create a unique access code for the recipient.
- Confirm the transaction with your secret Remote PIN (Personal Identification Number) or biometric authentication (fingerprint or facial recognition)
How to redeem the Capitec Cash Send voucher?
The recipient of the Capitec Cash Send voucher will need to follow these steps:
- Visit any Capitec ATM or retail store.
- Choose ‘Cash Send’ on the ATM screen.
- Enter the voucher number that they received via SMS and the unique access code you created for them.
- Enter the amount they want to withdraw.
- Provide their ID number or passport number for non-South African citizens.
- Enter the PIN that they created.
- The money is dispensed.
Conclusion
Capitec Cash Send is a fast, safe, and efficient money transfer service that is available to all Capitec customers. The voucher lasts for 7 days, giving the recipient ample time to cash out, making life easy for customers in South Africa or abroad. With Capitec Cash Send, banking has never been more effortless.
