Cash transfers have been easier since the introduction of mobile banking, and ABSA has taken advantage of this by making money transfers even easier.
ABSA offers one of the most straightforward and convenient banking systems in South Africa.
Customers may now move money from one account to another using ABSA Cash Send, which is as simple as using USSD codes.
Customers may send money from their account to another account through ABSA Cash Send, and the recipient will get the money very promptly and without worry.
What makes this method of delivering cash even more intriguing is that the receivers do not need to have an account because the money can be simply withdrawn from any ABSA automated teller machine.
ABSA Cash Send is available through ABSA Online Banking, ABSA Banking App, Cellphone Banking, and any ABSA ATM.
All of these solutions relieve consumers of the worry and risk of carrying large amounts of cash at any given moment by allowing them to withdraw funds at any time.
Cash Send Using ABSA Online Banking
You’ll need a smartphone and enough data to send money via ABSA online banking — Express Banking.
Follow the steps below to transfer money using this method:
- Log in to your ABSA online banking account.
- Select Cash Send from the navigation menu at the top of the page.
- Select the CashSend recipient you want to send money to.
- Choose between a one-time CashSend or a new CashSend recipient.
- Choose the account you’d want to debit.
- Fill in the amount you’d like to send.
- Enter the cell phone number of the receiver.
- Create a 6-digit code that your receiver will use to access the funds.
- Make a payment confirmation.
ABSA Cash Send Using Cellphone Banking
One of the easiest ways to use the Cash Send service is through ABSA cellular banking.
- To access mobile phone banking, dial 120*2272#.
- Select Cash Send from the menu.
- Choose Cash Send Payment as your payment method.
- Please log out.
- Wait for an SMS with a secure URL to arrive.
- When you click the link, you’ll be sent to a screen where you’ll need to input the amount you want to send and the recipient’s cell phone number.
- Create a 6-digit code for the receiver to use for him or her to access the funds.
- Make a payment confirmation.
There are certain drawbacks to utilizing cellular banking to send money, you may only transfer a maximum of R500 each day and a minimum of R20.
Withdraw ABSA Cash Send
Withdrawing funds from an ABSA account
Sending money is a simple procedure.
The recipient does not need to have an account to use Cash Send.
Follow the procedures below to withdraw money provided to you using Cash Send:
- Use the Cash Send option at any accessible ABSA ATM.
- Cash Send is the option to choose.
- Choose Cash Withdrawal as your method of payment.
- Enter the ten-digit code provided to your telephone through SMS.
- The 6-digit number supplied to you by the individual who performed the transfer is what you need to enter.
- The money will be released by the ATM as soon as the transfer is verified.
ABSA Cash Send Reversal
The following steps will allow you to do cash send reversal or cancel fund sent to a beneficiary.
- Select Beneficiaries from the menu.
- Under the beneficiaries’ section, choose the CashvSend tab.
- To find the recipient whose Cash Send you want to cancel, use the search box or navigate through the list of beneficiaries.
- To get details on any transactions you’ve done with the recipient, tap the history symbol next to their name.
- Tap the More button next to the Cash Send you want to cancel after you’ve identified it.
Remove CashSend from the list of options.
For more information on this service, please click here
Did you know that you can also send money using Nedbank Send iMali?