How to Transfer Coinvest Money to Capitec

There’s nothing as important as being in control of how you manage and move your money, especially when it has to be between a digital platform and a traditional bank. If you’re a user on Coinvest, you probably love how your user-experience is so easy but how to transfer money from Coinvest to your Capitec bank account remains an issue.

It doesn’t have to be. How about we say we have sorted that out so you don’t go on and about how you’re unable to move funds and you’re stuck.

The best part? This step-by-step process comes with clear and easy-t0-follow instructions to help you go about your business without hitches.

1About Coinvest

2Benefits of Using Coinvest

3How to Transfer Money from Coinvest to Bank Account

4Does Coinvest Charge me for Money Transfers to Bank Accounts?

5Frequently Asked Questions

6Conclusion

7References

8Recommendations

About Coinvest

Coinvest is an online platform that makes investing managing your money easier. Away from letting you invest in different assets, keep track of your investments, it also simplifies the access to NSFAS funds.

The National Student Financial Aid Scheme (NSFAS) is a South African government program that helps cover the costs of college or university for students who need financial support.

If you’ve just finished high school and are heading to tertiary education, NSFAS can assist you with the expenses, making it easier to pursue your studies without financial stress.

Serving as a conduit between students and their finances, it eases the withdrawal process and facilitates day-to-day financial transactions.

So, if you’re using Coinvest for personal or business investments, knowing how to transfer money from Coinvest to a bank account is key. Coinvest connects with various banks, including Capitec, and that makes it easy to access and complete transaction in no time.

Benefits of Using Coinvest

With Coinvest NSFAS, you can skip the long lines and piles of paperwork. Access your funds easily from home or any place with an internet connection.
Coinvest NSFAS processes withdrawals quickly, so you get your money right when you need it.
Your financial information and funds are safe with great security features.
Coinvest is easy to use, even if you’re not tech-savvy.
No matter what time it is, you can access your NSFAS funds anytime.

Read: Hohm Energy in Financial Crisis Months after $8M Raise

How to Transfer Money from Coinvest to Bank Account

Now, before we move further, it is important to remind you that you cannot initiate a transfer from your Coinvest to a bank account without having linked your account number to the Coinvest.

That said, here’s how to transfer money from Coinvest to Capitec:

Log in to your Coinvest app and locate the section where you can make transfers on your screen.
Select Capitec as the bank you want to transfer money to. If you don’t see Capitec listed, you may need to enter your bank details manually.
Type in the amount of money you want to move from Coinvest to your Capitec account. Double-check the amount to make sure it’s correct. Remember, there’s a daily transaction limit of R5,000. Be sure to keep your transfer within that limit.
Go over all the details of your transfer, including the amount and bank information.
Follow the prompts to approve the transfer. You might need to enter a security code or confirm the transaction through an authentication method you’ve set up on Coinvest.
Once the transfer is finished, check your Capitec account to ensure the money has arrived.

Does Coinvest Charge me for Money Transfers to Bank Accounts?

When you make a transfer from your Coinvest NFAS account to another bank account, a transaction fee of R35 applies. this charge helps you move funds and fast whenever you need them.

Also read: FNB Alerts About Criminals Targeting Digital Wallets

Frequently Asked Questions

Can I transfer money from Coinvest to my Capitec?

Yes, you can. However, this is only possible if you linked your Capitec bank account to the NFAS.

How long does it take for the money to reflect in my bank account?

Usually, it takes between 24 to 48 hours for the money to show up in your bank account. If you experience any delays, don’t hesitate to reach out to Coinvest for help.

Can I deactivate my Coinvest account?

Yes, you can when you’re ready and all transactions on your account will be put on hold.

Conclusion

Moving money from your Coinvest to Capitec bank account is pretty easy and can be done through their mobile app. By following the steps above, you should find it easy to complete the transfer.

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