Which Bank Does NSFAS Use
Which Bank Does NSFAS Use; Which Bank Does Nsfas Use For 2025
To make it easier for qualified students to get financial aid, the National Student Financial Aid Scheme (NSFAS) works with several banking institutions. For users looking for clarification on how and where their funds will be managed, they must be aware of the banks taking part in NSFAS transactions.
As part of NSFAS’s digital transformation, starting with the academic year 2025, all NSFAS beneficiaries at universities and TVET colleges will get their allowances and conduct transactions using the NSFAS bank card.
Understanding NSFAS Bank Account
More than a million students will get support for the 2025-2026 academic year, according to NSFAS. For the first time, the program will be able to provide financing for both tuition and allowances to this many students at once. To accommodate the growing number of beneficiaries and guarantee their secure and seamless receipt of allowances through the new #NSFASBankAccount, NSFAS has developed a system.
The good news is that university students can now use the #NSFASBankAccount, which was first made available to TVET college students in 2025. NSFAS-funded university students will be able to get their allowances directly from NSFAS as of June 2025 by using the #NSFASBankAccount.
Bank which NSFAS Use
The NSFAS Mastercard was used by the bursary program to disburse student allowances in collaboration with the following financial partners.
- Coinvest
- TeneTechnology
- eZaga
- Norraca
Direct payment introduced for university students
eZaga
- Durban University Of Technology
- Tshwane University Of Technology
- University Of Free State
- University Of Limpopo
- University Of Zululand
- Vaal University Of Technology
TeneTech Technologies
- Cape Peninsula University Of Technology
- University Of KwaZulu Natal
- University of Venda
- University of Pretoria
- University of Witwatersrand
- Walter Sisulu University
Norraco
- Central University Of Technology
- Mangosuthu University Of Technology
- Nelson Mandela University
- North-West University
- University Of Fort Hare
- University Of Johannesburg
- University Of Western Cape
Coinvest:
- Rhodes University
- Sefako Makgatho Health Science University
- Stellenbosch University
- University of Cape Town
- University of Mpumalanga
- University of South Africa
To find out more about the specifics of NSFAS’s banking partnerships and the procedures for disbursing funds, students should visit the NSFAS website or consult the financial aid office at their school. For details, go to https://www.nsfas.org.za
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