If you are a student in South Africa, the Fundi card is a valuable tool for managing your bursary or financial aid.
It allows you to pay for educational-related expenses, such as books, stationery, and accommodation.
However, there are times when you might need to transfer money from your Fundi card to your bank account.
What is a Fundi Card?
The Fundi card is a prepaid card issued to students.
It is designed to ensure that financial aid is used strictly for academic purposes.
The card can be used at approved merchants and service providers.
Funds loaded onto the card often have specific spending rules.
Sometimes, however, you may be allowed to withdraw or transfer funds to your bank account.
Can You Transfer Money from a Fundi Card to a Bank Account?
Before initiating the process, you need to confirm if your Fundi account allows transfers.
Some Fundi funds are restricted to specific uses and cannot be withdrawn.
Reach out to Fundi’s customer service for clarity on your specific account.
If transfers are permitted, you will need to follow specific steps.
Steps to Transfer Money from Your Fundi Card to Your Bank Account
These are the steps to take if you want to make a transfer:
1. Verify the Fundi Card Balance
Check your Fundi card balance before starting the transfer process.
You can do this by logging into your Fundi account online.
Alternatively, you can visit a Fundi kiosk at your campus or use their mobile app.
Ensure you have enough funds to cover both the transfer amount and any applicable fees.
2. Contact Fundi Support
Reach out to Fundi’s customer service to confirm the transfer eligibility.
You can contact Fundi via their helpline, email, or live chat on their website.
Provide your account details and specify the reason for the transfer.
The support team will inform you about the steps and documents required.
3. Gather Required Documents
Fundi may request certain documents to process your transfer request.
These documents often include:
- A copy of your ID or student card.
- Proof of bank account ownership (e.g. a stamped bank statement).
- A written request or transfer form.
Ensure all documents are clear and up to date.
4. Submit Your Transfer Request
Once you have all the required documents, submit them to Fundi.
This can often be done via email or by visiting a Fundi office.
Make sure to double-check the bank account details you provide.
Errors in account details can delay the process.
5. Await Confirmation
After submitting your request, Fundi will review your application.
You may receive a confirmation email or SMS once the transfer is approved.
The transfer process usually takes a few business days.
6. Monitor Your Bank Account
Check your bank account to confirm the funds have been credited.
If there are any delays, follow up with Fundi’s customer service.