Understanding ABSA Cash Send Withdrawal
ABSA Cash Send is a convenient and secure way to send and receive money using your mobile phone. With this service, you can easily withdraw cash from any participating retailer’s tills or ATMs nationwide. In this article, we will guide you through the process of withdrawing cash using ABSA Cash Send.
How to Withdraw Absa Cash Send
To withdraw cash using ABSA Cash Send, follow these simple steps:
- Login to your mobile banking app and navigate to the “Cash Send” section.
- Select the recipient’s name or mobile number to whom you want to send money.
- Enter the amount of money you want to withdraw from your account.
- Choose the preferred payout method, which includes a retailer’s till or an ATM.
- Confirm the transaction and wait for the recipient to receive the notification.
Once the recipient receives the notification, they can go to any participating retailer’s till or ATM to withdraw the cash. The recipient will need to present their mobile phone with the Cash Send notification to complete the withdrawal.
ABSA Cash Send Withdrawal Fees and Limits
Before using ABSA Cash Send for withdrawals, it is essential to understand the fees and limits associated with this service.
| Fee Type | Description | Amount |
|---|---|---|
| Withdrawal Fee | This fee applies when withdrawing cash from a retailer’s till or ATM. | R5 per withdrawal (max R200 per day) |
| Minimum Withdrawal Amount | The minimum amount that can be withdrawn using ABSA Cash Send is R50. | N/A |
| Maximum Daily Limit | The maximum daily limit for withdrawals using ABSA Cash Send is R10,000. | R10,000 per day |
It’s worth noting that these fees and limits are subject to change. For the most up-to-date information, please consult the ABSA website or mobile banking app.
Benefits of Using ABSA Cash Send for Withdrawals
There are several benefits associated with using ABSA Cash Send for withdrawals:
- Convenience: Absa Cash Send allows users to withdraw cash from any participating retailer’s till or ATM, making it a convenient option for those who need access to cash quickly.
- Safety: With Absa Cash Send, you don’t have to carry large amounts of cash with you, reducing the risk of theft or loss.
- Security: The service uses advanced security features, such as encryption and two-factor authentication, to ensure that your transactions are secure and protected.
Frequently Asked Questions (FAQs)
Q: What is the minimum amount I can withdraw using ABSA Cash Send?
A: The minimum amount you can withdraw using ABSA Cash Send is R50.
Q: How much does it cost to withdraw cash using ABSA Cash Send?
A: The withdrawal fee for Absa Cash Send is R5 per withdrawal (max R200 per day).
Q: Can I withdraw cash from any ATM using ABSA Cash Send?
A: No, you can only withdraw cash from participating retailer’s tills or ATMs that support Absa Cash Send.
External Resources
For more information on ABSA Cash Send and its features, please visit the following external resources:
- ABSA Cash Send Website
- ABSA Mobile Banking App
- ABSA Fees and Charges
- Financial Services Regulator (FSR)
Please note that the links provided are subject to change, and it is essential to verify their accuracy before relying on them.
