Capitec Bank is one of the most popular banks in South Africa, offering a wide range of financial services to its customers. One of the most convenient and easy-to-use services that Capitec offers is cash send. In this article, we will discuss how to do a cash send with Capitec.
What is a cash send?
A cash send is an electronic transfer of money from a sender to a receiver through a banking system. It allows individuals to send and receive money without the need for physical cash. Capitec Bank offers a cash send service that allows Capitec customers to send money to any South African cellphone number.
How to do a cash send with Capitec
Doing a cash send with Capitec is a simple and easy process. Here are the steps:
Step 1: Ensure that you have enough funds in your account
Before you can do a cash send, you need to make sure that you have enough funds in your account to cover the amount you want to send, as well as the transaction fee. The fee for a cash send with Capitec is R8.
Step 2: Dial the cash send code
To start the cash send process, dial the following code on your cellphone: *120*3279#
Step 3: Follow the prompts
You will then be prompted to enter your Capitec account number and the amount you want to send. You will also need to enter the cellphone number of the recipient.
Step 4: Confirm the transaction
Once you have entered all the necessary information, you will be asked to confirm the transaction. Check that all the details are correct and then confirm the transaction.
Step 5: Notify the recipient
The recipient will receive an SMS notifying them that they have received a cash send. They can then go to any Capitec ATM to withdraw the money.
Benefits of doing a cash send with Capitec
There are several benefits to using Capitec's cash send service:
- Convenience: You can send money to anyone in South Africa using just their cellphone number.
- Speed: The recipient can withdraw the money immediately after receiving the SMS notification.
- Cost-effective: The transaction fee is only R8, making it an affordable way to send money.
- Secure: Capitec's cash send service is secure and protected by multi-factor authentication.
Overall, doing a cash send with Capitec is a quick, easy and cost-effective way to send money to anyone in South Africa. It's a great option for those who don't want to carry cash or who need to send money to someone who doesn't have a bank account.
