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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