Understanding the ABSA Cash Send 10-Digit Code
ABSA Cash Send is a convenient and secure way to send money electronically without the need for the recipient to have a bank account.
This service enables users to send money to anyone with a South African cellphone number, making it an ideal solution for quick transfers, paying wages to employees without bank accounts, and supporting friends or family.
Here’s how to navigate the process, from sending to receiving funds, including obtaining the all-important 10-digit code.
How to Send Money Using ABSA Cash Send?
Sending money via ABSA Cash Send can be accomplished through several methods, each designed to cater to the sender’s convenience and access to banking services.
These methods include ABSA Online Banking, the ABSA Banking App, Cellphone Banking, and through ABSA ATMs.
- Online Banking and Banking App: Whether you opt for the Express or Full Service option in online banking, the process involves logging into your ABSA online banking profile, selecting the CashSend option, entering the recipient’s cellphone number, and deciding on the amount to send. The system then prompts you to create a 6-digit access code that the recipient will need to withdraw the money. Upon confirming the transaction, the recipient receives an SMS with a 10-digit withdrawal number.
- Cellphone Banking: This method is particularly user-friendly for those without access to the internet. By dialing a USSD code (1202272#), users can initiate a Cash Send transaction. This process also involves entering the recipient’s cellphone number and the amount to be sent, followed by a 6-digit access code creation. The recipient then gets an SMS with the 10-digit withdrawal number.
- ABSA ATMs: For those preferring physical banking methods, ABSA ATMs offer Cash Send functionality. After inserting your bank card and selecting the CashSend option, you’ll enter the recipient’s cellphone number and the transfer amount, followed by the creation of a 6-digit access code. The ATM provides a receipt with the 10-digit withdrawal number, or it’s sent via SMS to the recipient.
Receiving Funds Through ABSA Cash Send
To withdraw the funds, the recipient must visit an ABSA ATM, select the CashSend Withdrawal option, and enter the 10-digit code received via SMS, along with the 6-digit access code provided by the sender. It’s important for recipients to withdraw the full amount sent, as partial withdrawals are not permitted.
Managing Cash Send Transactions
Senders can manage their CashSend transactions through ABSA Online Banking, where they can view and manage unredeemed CashSend transactions. This includes the ability to cancel unclaimed transfers, thereby ensuring control over sent funds. Recipients need to claim the money within 30 days; otherwise, it returns to the sender’s account.
Limits and Fees
ABSA Cash Send transactions have daily and monthly limits, ensuring that users can manage their finances effectively while taking advantage of this convenient service. The service is designed to be cost-effective, providing a secure alternative to traditional cash payments.
Conclusion
ABSA Cash Send offers a streamlined and secure method for sending money across South Africa, emphasizing convenience, security, and accessibility.
Whether you are paying employees, supporting family, or transferring funds to friends, the service’s flexibility across online, mobile, and ATM platforms ensures that financial support is just a few clicks or taps away.
