What is NSFAS Mastercard? The NSFAS Mastercard is a direct payment system used by the National Student Financial Aid Scheme (NSFAS) to pay students’ allowances directly to students who are funded by NSFAS.
The National Student Financial Aid Scheme (NSFAS) has introduced the NSFAS Mastercard as a payment solution to help NSFAS to make payment of student allowances directly to students.
This payment system aims at helping to make payment of NSFAS allowances easier and faster without any third-party system like Celbux.
Let’s know more about the National Student Financial Aid Scheme Mastercard.
What Is NSFAS Mastercard?
The NSFAS Mastercard is a direct payment solution that allows NSAS to pay the allowances of funded students directly through the MasterCard.
The National Student Financial Aid Scheme (NSFAS) is introducing its new direct payment solution for student allowances, through the NSFAS MasterCard.
Who Can Use NSFAS Mastercard?
Students who are approved to recieve NSFAS funding are the people who can use the nsfas mastercard.
This means, that only NSFAS-funded students are eligible to use the NSFAS Mastercard.
We do recommend that you read How Long Does NSFAS Take To Approve Application? to know about your NSFAS application approvals.
How Does NSFAS Mastercard Works?
The NSFAS Mastercard works like credit or debit cards that subscribers can use to withdraw money from ATMs.
When NSFAS pays your allowances through the NSFAS Mastercard, you can use the card to withdraw your NSFAS allowances via ATM.
You should read Does NSFAS Pay If You Change Institution? for an explanation and detailed guide on whether NSFAS pays when you change institutions and if yes, how NSFAS does it.
Do I Need A Bank Account To Use NSFAS Mastercard?
No, you do not necessarily need a bank account to connect your NSFAS Mastercard before you can use it to withdraw your NSFAS allowances.
How Do I Get My NSFAS Mastercard?
You get your NSFAS Mastercard once you’re approved to be funded by the NSFAS.
The National Student Financial Aid Scheme (NSFAS) will be the sole distributor to give out the NSFAS Mastercards to students who are approved by the scheme to get financial support.
You should read also What Is NSFAS Cash Voucher? to know more about NSFAS cash voucher, what it is and how to use it.
NSFAS Mastercard Partners
These are the official distributing partners of the NSFAS Mastercard
- Coinvest
- Zaga
- Norraco
- Tenet
This is what the Mastercard NSFAS is.
We do hope this article on what is a NSFAS Mastercard is helpful.
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