In this following article, we will discuss how to redeem a standard bank instant money voucher. If you’re thinking how to access the funds, how to bank vodabucks, you’ve reached the right place. In this article, we are going to discuss the whole process, ensuring that you can easily collect your money without any kind of problem.
What is Instant Money?
So here’s the question; what is instant money? So basically, Instant Money is an innovative service offered by Standard Bank, made to give fast and easy money transfers without the need for a traditional bank account. It makes it easy to send money to your friends, family members or any business associate without any hassle.
One of the basic benefits of Instant Money is its availability. You can get your Instant Money Wallet through various channels present like Internet Banking, Cellphone Banking, the Standard Bank app, ATMs, and retail partners. Beyond all these money transfers, instant money can be also used to purchase data bundles, electricity vouchers.
Registration Process
You have to follow some registration process before using standard bank instant money vouchers. Below some steps are given to make your registration, let’s have a look:
Dial *120*212# on your cell phone
At first, dial *120*212# on your mobile phone. This will start the registration process for Standard Bank’s Instant Money service.
Follow the Prompts
After dialing the number, you’ll be given a number of instructions and you have to follow that. These instructions will guide you through the registration process and collect the required information to make your Instant Money account.
Provide Required Information
You have to provide some of your personal information which is required for opening your Instant money account like the full name South African ID number, and other relevant details of the customer. Read our previously published article on how to reverse instant money on standard bank app?
Create a Unique Instant Money Wallet Pin
After sharing your personal information, you will be required to set a unique instant money wallet pin. This PIN will serve as an extra layer of security when you are going to open your Instant Money account.
Confirmation and Activation
Once you are done with the registration process and created your Instant Money Wallet PIN, you’ll receive a confirmation notification that will tell you that your account has been successfully registered. Now you can use your Instant Money account.
Collecting Money with instant money
When someone has sent you money through standard bank instant money, then how you can withdraw the money is the simple and easy process. Below some steps are mentioned:
1. Receive Voucher Number and Pin
When a sender starts an Instant Money transfer to your mobile number, you will receive a voucher number and a PIN through SMS. These details are required for accessing the funds.
2. Keep Your Voucher details safe
It’s very important l to keep the voucher number and PIN safe and secure and don’t share it with anyone. Treat them like you treat your cash or any other important information.
3. Validity of voucher number and pin
Validity of voucher number and pin provided by the SMS is three years from the date they were issued to the sender.
4. Visit any standard bank ATM or Retail Partner store
You can go to the Standard Bank ATM or retail partner store that has the Instant Money services, to collect your money. Retail partners include Spaza Shops, Spar, PEP stores, Pick n Pay, and Shoprite, among others.
5. Enter your voucher details at an ATM
If you want to collect your money from a Standard Bank ATM, then follow the steps mentioned below:
- First,you have to insert your bank card into the ATM.
- After inserting,select “Cardless Services” on the screen, after that click on“Instant Money.”
- Enter your unique voucher number given to you in the SMS using the keypad that is displayed on the screen.
- Enter the Personal Identification Number (PIN) given through the voucher.
6. Collect Cash From Retail Partners
If you want to collect your money from a retail partner store, simply give the cashier your voucher number and PIN. They will help you in collecting the cash amount associated with the voucher. Different shops are mentioned below that contains instant money services.
Spaza Shops: These are the small neighborhood stores which can sometimes serve as collection points for Instant Money vouchers.
PEP Stores: PEP stores are the retail partner of Standard Bank, they offer an additional option for collecting your funds. PEP stores are known for their affordability and accessibility, making them a popular choice for Instant Money collection.
Pick and Pay Stores: One of the largest supermarket chains present in South Africa is Pick n Pay stores. You can easily redeem your instant money by going in these stores. With numerous branches throughout the country, Pick n Pay stores provide widespread coverage and convenience for Instant Money recipients
Shoprite Stores: With branches located in urban, suburban, and rural areas, Shoprite is another popular choice among recipients looking to access their funds quickly and easily. Shoprite stores are known for their affordability and extensive product range, making them a convenient option for Instant Money collection.
Frequently Asked Questions
If your Instant Money Voucher was sent via a retailer such as Spaza Shops or Pick n Pay stores and unfortunately got lost or misplaced by either party involved (sender/recipient), you can contact the instant money contact center.
The daily withdrawal limit while redeeming an instant money transfer from a retailer is R5,000 per day. You can withdraw the maximum amount of R5,000 per day.
Yes, the voucher PIN can be reset by calling the Instant Money team on 0860 466 639 or by changing it in the channel it was sent from.
Instant Money vouchers can be stored in an Instant Money Wallet by dialing *120*212#.
Conclusion
Whether you choose to collect your Instant Money funds from a Standard Bank ATM or one of the retail partner stores mentioned above, you can rest assured knowing that you have multiple convenient options available to you. Simply choose the location that is most convenient for you and follow the instructions provided in the previous section to collect your funds with ease.
Author
Hello friends, my name is RK Singh and I am an engineer. However, by profession, I am a blogger; I have a keen interest in the finance niche. My main goal in starting this blog is to solve the difficulties people face in using online banking, bank branch codes, debit cards, and credit cards. I am not affiliated with any bank or company. I strive to provide people with accurate information so that they can achieve their goals correctly. If you still have any queries, please feel free to follow my social media accounts listed below and ask questions without hesitation. Thanks.
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