Sending money quickly and easily is a breeze with Absa Cash Send. This handy service lets you transfer funds to anyone in South Africa, even if they don’t have an Absa account.
You can send up to £25,000 per month to an Absa ATM, Pick n Pay or Boxer store. At these locations, the recipient can withdraw the money using a 6-digit PIN.
Absa Cash Send offers both convenience and security for your money transfers. You can use your phone or tablet to send funds 24/7, giving you flexibility when you need it most.
The service uses a secure system to protect your information and ensure your money reaches the right person.
Whether you need to help a friend in a pinch or send money to family across the country, Absa Cash Send has got you covered. It’s a simple way to move money without the hassle of bank account details or lengthy setup processes.
What Is Absa Cash Send?
Absa Cash Send is a quick and easy way to send money. It lets Absa customers transfer funds to anyone with a mobile phone in South Africa.
Fundamentals of CashSend
Absa Cash Send is a digital service that allows Absa account holders to send money instantly. The recipient doesn’t need an Absa account or even a bank account to get the funds.
Here’s how it works:
- The sender initiates the transfer using Absa’s online banking, mobile app, or ATM.
- The recipient gets a unique code via SMS.
- They can then withdraw the money from any Absa ATM using this code.
It’s perfect for emergency situations or when someone needs quick access to cash. The service is available 24/7, making it a handy tool for Absa customers.
Comparing Absa CashSend and Traditional Bank Transfers
CashSend offers several advantages over traditional bank transfers:
- Speed: CashSend is instant, while bank transfers can take 1-3 business days.
- Accessibility: Recipients don’t need a bank account, just a mobile number.
- Convenience: Money can be sent from various platforms, including ATMs.
Traditional transfers, on the other hand, require both parties to have bank accounts. They’re often cheaper for larger amounts but can be slower and less flexible.
CashSend is best for small, urgent transfers. Bank transfers are better for regular, larger payments where speed isn’t crucial.
How to Use Cash Send with Absa
Absa Cash Send offers quick and easy ways to transfer money to anyone in South Africa. Customers can use online banking, the mobile app, or USSD codes to send funds securely.
Initiating CashSend on Absa Online
To start a Cash Send transaction on Absa Online, log in to your account.
Navigate to the ‘Payments’ section and select ‘Cash Send’.
Enter the recipient’s mobile number and the amount you wish to send. Double-check these details to avoid errors.
Next, create a 6-digit PIN for the transaction. This PIN is crucial, as the recipient will need it to withdraw the money.
Confirm the transaction details and submit. Absa will generate a 10-digit reference number. Share this number and the PIN with the recipient securely.
Sending Money via the Absa Banking App
The Absa Banking App makes Cash Send even more convenient. Open the app and log in to your account.
Tap on the ‘Payments’ or ‘Send Money’ option. Choose ‘Cash Send’ from the list of services.
Enter the recipient’s phone number and the amount to send. Create a 6-digit PIN for the transaction.
Review all details before confirming. Once sent, you’ll receive a 10-digit reference number.
Remember to share both the PIN and reference number with the recipient. They’ll need these to collect the funds at an Absa ATM.
USSD Code for Mobile Banking
For those without smartphones, Absa offers a USSD option for Cash Send. Dial 1202272# on your mobile phone to begin.
Follow the prompts to select ‘Cash Send’. Enter your Absa Online Banking PIN when asked.
Input the recipient’s phone number and the amount you want to send. Create a 6-digit PIN for the transaction.
Confirm all details. You’ll receive a 10-digit reference number via SMS.
Share the PIN and reference number with the recipient. They can then collect the money from any Absa ATM without needing a bank card.
Withdrawing Cash Send Funds
Absa Cash Send offers convenient ways to access funds without a card. Recipients can withdraw money from Absa ATMs or partner retailers using a simple process.
ATM Withdrawal Process
To withdraw Cash Send funds at an Absa ATM, follow these steps:
- Select ‘Cash Send’ on the ATM screen
- Choose ‘Withdraw’ option
- Enter the 10-digit voucher number
- Input the ATM Access PIN
The voucher number and PIN are sent separately to ensure security. There’s no need for a bank card, making it easy for anyone to collect funds.
It’s important to have both the voucher number and PIN handy before starting the withdrawal. If you forget either, you’ll need to contact the sender for the information.
CashSend Withdrawal Partners
Absa has partnered with several retailers to offer more withdrawal options. These include:
- PEP stores (including PEP Home and PEP Cell)
- Boxer
- Shoprite
- Usave
To withdraw at these locations, you’ll need to:
- Present your South African ID or RSA ID Card
- Provide the voucher number and PIN
PEP stores are a popular choice for CashSend withdrawals. They offer extended hours compared to banks, making it more convenient for many people.
Remember, each partner may have slightly different procedures. It’s best to check with the specific store before attempting a withdrawal.
Security Features of Cash Send
ABSA Cash Send offers robust security measures to protect users’ transactions. These features ensure safe money transfers and withdrawals.
Protecting Your CashSend Transactions
Cash Send uses a six-digit PIN for secure withdrawals. This PIN is unique to each transaction and expires after use.
It’s crucial to keep this PIN private and only share it with the intended recipient.
The system also employs encrypted channels for all communications. This means your transaction details are scrambled, making them unreadable to potential hackers.
ABSA sends transaction confirmations via SMS. These messages provide details of the transfer but never include sensitive information like PINs or full account numbers.
Secure Reference Numbers
Each Cash Send transaction gets a unique 10-digit reference number. This number is essential for the recipient to collect the funds.
The reference number is generated randomly for each transaction. It’s not linked to your account details, adding an extra layer of security.
When withdrawing, the recipient must enter this reference number along with the PIN. This two-factor authentication helps prevent unauthorised access to funds.
ABSA recommends sharing the reference number and PIN separately. This precaution reduces the risk of both pieces of information falling into the wrong hands.
Managing Your Cash Send Transactions
Keeping track of your Absa CashSend transactions is easy with the right tools. You can monitor your activity and handle any unclaimed transfers quickly and easily.
Monitoring CashSend Activity
Absa offers several ways to check your CashSend transactions. The Absa Banking App is a handy tool for viewing your transfer history.
Simply log in and look for the CashSend icon.
You can see:
- Transaction dates
- Recipient details
- Transfer amounts
- Fees charged
Handling Unredeemed Transactions
Sometimes, recipients don’t collect their CashSend right away. Don’t worry – Absa has you covered.
Unredeemed transactions are valid for 30 days.
If a transfer isn’t collected, you can: – Cancel it and get a refund – Extend the collection period – Change the recipient’s details
To manage these, use Absa Online Banking or the Banking App. Look for the ‘Unredeemed Transactions’ option.
You can also dial 1202272# on your phone for quick access.
Remember, there might be fees for cancelling or changing transfers. Always check the current Fees and Limits before making changes to your CashSend transactions.