If you want to transfer money anytime anywhere then Capitec cellphone banking provides you the easiest way to send money to your family, friends, or colleagues. If you have to pay a bill, send money to someone or split expenses with a friend, Capitec cellphone banking offers its customers a fast and simple solution. In this following article, we will discuss the process of transferring money by using Capitec Phone Banking.
Step 1: Registration
Before you can start using Capitec cellphone banking, you’ll need to register for the service. To register for this service visit your nearest branch of the Capitec bank with your South African ID book, cell phone and address proof. The bank will then give you a booklet of cellphone banking and help you in setting up your bank account online in the app. Once registered, you’ll receive a Personal Identification Number i.e. PIN and can initiate money transfers.
Step 2: Dial *120*3279#
To start the process of money transferring, dial the USSD code *120*3279# on your registered cellphone. This step will provide you with the Capitec cellphone banking menu, and services to use various banking services like money transfers.
Step 3: Select Option 1
After dialing the USSD code, a list will be visible on your screen which contains various options. To use the service of transferring money, select Option 1, usually marked as “Money Transfer” or “Send Money.”
Step 4: Choose Transfer Type
Capitec cellphone banking provides you the service to transfer money to other Capitec Bank customers to customers of other banks in South Africa. Choose the correct transfer type based on the bank of recipients. If the recipient uses a Capitec account then choose the “Capitec Account” option. If the recipient uses some other bank, choose the “Other Bank” option.
Step 5: Enter Recipient’s Details
In the very next step, you have to type the banking details of recipients. If you’re transferring money to a user of a Capitec account, then you have to enter the recipient’s 10-digit Capitec account number. But if you’re transferring to another bank account, you have to give some details like the recipient’s bank name, its branch code, and account number. Don’t forget to verify the details for safety before proceeding.
Step 6: Specify Transfer Amount
After entering the details of the recipient correctly, you’ll need to mention the amount that you want to transfer. Enter the desired amount using the provided keypad and double-check it for accuracy. Know about any transaction fees if applicable in advance which depends on the transfer type and bank account of the recipient.
Step 7: Confirm Transaction
Before proceeding the money transfer, Capitec cellphone banking will send you a resume of the transaction details. Check the details if all are correct. If everything in the summary is correct, proceed to finalize the transfer by following the steps on your screen.
Step 8: Enter PIN
You have to enter your PIN before completing the transaction, for the security purposes. Enter your unique PIN to proceed the transfer. This extra layer of security protects your funds from unknown access. Don’t miss out! Check our previously published article on FNB to Capitec Bank Money Transfer Time.
Step 9: Transaction Confirmation
Once you enter your PIN successfully, Capitec cellphone banking will show a confirmation message on your mobile screen. This message will display important details including transaction reference number, date, and time of the transfer. Keep these details safe for future reference or in case you have any problem or queries related to the transaction.
Step 10: Save Transaction Confirmation
It’s a good step to keep a copy of the transaction confirmation as a record for your future. This can prove to be helpful if you are required to give proof of payment in future.
Frequently asked questions
You have access to Send Money. Login to Online Banking, Cellphone Banking, or the Banking App and select Send Money to make use of these safe and convenient ways to send money to anyone.
To transfer money choose Save option. Enter your secret Remote PIN to sign in. Choose Transfer Money. Select the option marked as “From” and “To” account. Specify the money you want to transfer. Then click on the Transfer option.
Yes, you can transfer money using USSD code. Dial the code *120*3279# with your associated cell phone.
Conclusion
So, as we can see transferring money with Capitec cellphone banking is a very easy and straightforward process. By following some basic steps mentioned in this article, you can send funds to your family, friends, or businesses easily. Don’t forget to check all details two to three times before finalizing the transfer and save the transaction details for future.