Welcome to the world of banking! With the rise in technology, banking has become easier and more convenient. Banking no longer requires long queues or paperwork. Capitec is one of the leading banks in South Africa, offering a variety of services to its clients, including cellphone banking.
What is Capitec Cellphone Banking?
Capitec Cellphone Banking is a convenient way to manage your finances from the comfort of your own home. With cellphone banking, you can perform various transactions with your Capitec account, including reversing a transaction.
How to Reverse Money using Capitec Cellphone Banking?
Have you ever sent money to the wrong recipient or made an incorrect payment? Worry not, reversing a transaction is straightforward with Capitec cellphone banking.
Step-by-Step guide:
- Open your phone's dialer application and dial *120*3279#
- Select option 9 for 'more'
- Select option 4 for 'cancel payment'
- Select the account that the payment was made from
- Select the beneficiary from the list of recent payments
- Enter the reason for cancelling the payment
- Authorize the cancellation by entering your secret code
- The cancelled amount will be credited back to your account immediately
Things to Note:
- The 'cancel payment' option is only available for payments made in the last 40 days
- If the beneficiary is not on the recent beneficiary list, you will have to call the Capitec Contact Centre for assistance
- If the payment was made to a non-Capitec account, you will have to contact the recipient for assistance as Capitec cannot reverse payments to non-Capitec accounts
Conclusion
Capitec Cellphone Banking provides a simple and efficient way to manage your finances. With the easy-to-use 'cancel payment' option, you can reverse an incorrect transaction quickly and hassle-free. However, it is essential to ensure that you enter the correct details when making payments to avoid the need for reversals.
Make the most of Capitec Cellphone Banking's features and manage your finances effortlessly!
