How to Create NSFAS Wallet Account Online 2023 Free

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Are you searching for NSFAS wallet account link? How to create NSFAS ewallet account? On this page, I will show you create NSFAS wallet account online 2023 without much stress.

If you have been asking for steps to register for NSFAS Wallet Account, then this post is for you.

Approved students for NSFAS funding are meant to have an NSFAS ewallet. This is the wallet that you will use to buy items online from participating stores and withdraw your NSFAS cash allowances.

Let’s get started on how to create NSFAS e-wallet account online.

How to Create NSFAS Wallet Account

Below is the step-by-step guide to registering for NSFAS Wallet Account.

  1. Dial *120*176# with your phone.

  2. Verify your NSFAS Account.

  3. Create a preferred username and password for your NSFAS e-wallet

  4. Verify your e-wallet

  5. Dial *120*176# to access your wallet

  6. Access your wallet online via

That’s how to create NSFAS Wallet access successfully.

Who can create NSFAS Wallet Account?

Students that the board has approved their NSFAS funding application. This means that students whose application was rejected or not yet approved cannot apply for NSFAS Wallet account. So kindly wait till NSFAS approves your funding application before you can register for an e-wallet account.

NOTE: Keep your NSFAS wallet account login details to avoid intruders or hackers accessing your wallet and withdrawing funds from it.

Is it necessary to register NSFAS Wallet Account?

Yes, because that’s where you will be receiving your NSFAS allowances. So, you need to create an NSFAS wallet account to withdraw your allowances in cash. All participating stores support NSFAS wallets for transactions.

We hope you know how to create NSFAS wallet online.

Can I Connect NSFAS Wallet to Bank Account?

Yes, you can link your NSFAS wallet to your preferred bank account. This will enable you to transfer funds from NSFAS wallet to your bank account.

Can Someone Login to My NSFAS Wallet?

Yes, someone can access your NSFAS wallet and even spend the funds in it if they know your NSFAS wallet login details. It will be best you keep your details safe to avoid stories to your allowances. This does not mean you cannot share your details with someone you trust.

Can I transfer funds from NSFAS Wallet to Bank Account?

No, transferring of money to your bank account is not possible. But you can create a cash voucher when your allowances are loaded into your NSFAS wallet.

When you create a cash voucher, you go to any NSFAS participating store to exchange your voucher for physical cash. You can also use NSFAS cash voucher to buy items at any participating stores if you don’t need physical money.

List of NSFAS Participating Stores

Below are some of the NSFAS participating stores:

  • Shoprites
  • Boxers
  • Checkers
  • USAVE or
  • Selected Spar stores.

How much can I Withdraw from my NSFAS Wallet?

You can withdraw all your your NSFAS allowances in your wallet. Don’t forget to spend your NSFAS allowances wisely.


Gregory Nyesom

I'm Nyesom Gregory, the Founder, and CEO of Examspot. My love for education and career is the drive behind this blog. I hold a bachelor's degree in Economics and Development Studies. I am an educationist, avid reader, a researcher, and data scientist.