Absa Cash Send: How It Works

The Absa Cash Send is a convenient way for Absa clients to send money instantly to anyone in South Africa.

The recipient doesn’t need to have a bank account and they can collect their money from any Absa ATM.

Allows for a maximum of R3 000 per transaction (this is the maximum ATM withdrawal limit).

In this article, we are going to discuss how Absa Cash Send works. Also, we will look at the benefits of using this facility.

Let’s get started with the benefits.

Absa Cash Send Benefits

It is quick and easy to use. Receiver can access the money immediately. All the receiver needs to do is go to their nearest Absa ATM and get their money.

The recipient does not need to have a bank account all they need is a valid South African cellphone number.

This facility gives you convenience. We say this because you can send money digitally to anyone, wherever they are within South Africa.

Reduces the risk of having to carry cash for employers. Employers can pay wages using this facility.

If funds have been sent to you, there’s no need for a bank card as you’ll do a card-less withdrawal.

How To Send Money Using Cash Send

Sending money is quick, easy and secure.

You can send money with Absa Cash Send using Cellphone Banking, Absa Online Banking, the Absa Banking App or at an Absa ATM.

Note: When you are sending money always make sure you have selected correct amount. Also, make sure that you are using the correct cellphone number for your recipient.

1. Cellphone Banking

Dial *120*2272#, and enter your 5-digit PIN
Select 5 to proceed
Tap Send
Select 2 to send to a new beneficiary
Tap Send
Enter the recipient’s cellphone number
Tap Send
Enter the recipient’s name
Tap Send
Select the account you wish to debit
Tap Send
Enter the amount you wish to send
Tap Send
Enter the 6-digit code that the recipient will use to get the fund from an Absa ATM
Tap Send
Confirm the transaction by selecting 1
Tap Send
Send the access code and amount of money sent to the recipient

Note: The CashSend limit for Cellphone Banking is a minimum of R20 and a maximum of R500 per day.

2. Absa Online Banking – Express Banking

Logon to Absa Online Banking and select CashSend in the top navigation.
Select CashSend beneficiaries.
Next, Select Once-off CashSend or CashSend a new beneficiary.
Select the account from which you want to send money, the amount that you want to send and the recipient’s cellphone number.
Create a six-digit access code, which you must give to the recipient, and confirm the payment.

3. Absa Online Banking – Full Service

Logon to Absa Online Banking and select Payments.
Select Pay and then CashSend payment.
Next, Select the account from which you want to send money, the amount that you want to send and the recipient’s cellphone number.
Create a six-digit access code, which you must give to the recipient, and confirm the payment.

4. Absa Banking App

How to send cash to yourself:

Log in to the App
Tap the “Cashsend” icon at the top of your Home screen
Choose the “Send cash to myself” option

How to send cash to someone new:

Log in to the App
Tap the “Cashsend” icon at the top of your Home screen
Choose the “Send cash to someone new” option

How Do I withdraw from Absa Cash Send?

Visit an Absa ATM that offers the CashSend facility and select “CashSend” followed by “CashSend Withdrawal”
Enter the 10-digit reference number that has been sent to your cellphone number
Enter the 6-digit access code, together with the exact amount being sent
Once the transaction has been verified, you will get your money
Only the full amount can be withdrawn

How long does Absa cash send pin last?

Absa Cash Send payment is valid for 30 days.

You can also manage your unredeemed Cash Send transactions on Absa Online Banking.

Advantages

A convenient way of sending money to someone without a bank account.

Ideal when you need to send money urgently and funds are immediately available to the receiver.

Absa Cash Send can be done from anywhere and at any time.

Disadvantages

You need to be an Absa client to use the cash send facility.

The limit is only R3 000 per day for online banking and R500 per day for cellphone banking.

Conclusion

If you are an Absa client and wish to send money to someone, make use of the Absa Cash Send facility and enjoy the convenience it brings.

For alternative methods of sending money, you can checkout articles on FNB eWallet and TymeBank Send Money.

To get more information on Absa Cash Send you can call Absa directly on 0860 111 123.