How to Transfer Money From Nedbank to Capitec

Sending money from your Nedbank account to a Capitec account is a common task, and thankfully, it's a very easy one. Whether you're paying a friend back for lunch, sending money to a family member, or paying for a service, there are a few simple ways to get it done. You can use the Nedbank Money app, online banking, or even your phone's dial pad.
The quickest ways to transfer money from Nedbank to Capitec are by using the Nedbank Money app, Nedbank's online banking portal, or by using the USSD code *120*001#. Each method is straightforward and will get the money to the Capitec account, though the time it takes can vary. For instant transfers, the Nedbank Money app is your best bet.
Using the Nedbank Money App
This is often the most convenient method. I remember the first time I had to pay a friend who used Capitec; I was a bit worried it would be a whole process. But it was surprisingly quick and painless.
1. Log in: Open the Nedbank Money app and log in with your details.
2. Select 'Pay': On the home screen, tap on the "Pay" icon.
3. Add a recipient: If you haven't paid this person before, you'll need to add them. You'll need their account number, branch code (which is 470010 for all Capitec accounts), and their name.
4. Enter the amount: Type in the amount you want to send.
5. Choose a payment type: You can choose a standard EFT or an immediate payment. If you're in a hurry, you might want to know how to make an immediate payment on the Capitec app.
6. Confirm: Double-check all the details and confirm the payment.
Using Nedbank's Online Banking
If you prefer using a computer, online banking is just as simple.
1. Log in: Go to the Nedbank website and log in to your online banking profile.
2. Navigate to 'Payments': Find the payments or transfers section.
3. Add a beneficiary: Similar to the app, you'll need to add the Capitec account as a beneficiary if you haven't already.
4. Enter payment details: Fill in the amount and a reference for the payment.
5. Confirm the payment: Review everything and authorize the payment.
Using USSD (Cellphone Banking)
This is a great option if you don't have internet access. I've been in a situation where my data ran out, but I needed to make an urgent payment. USSD was a lifesaver.
1. Dial the code: Dial *120*001# from your phone.
2. Log in: Enter your cellphone banking PIN.
3. Select 'Transfer' or 'Pay': Follow the menu prompts to make a payment.
4. Enter the details: You'll need to enter the recipient's account details and the amount.
5. Confirm: Follow the final prompts to complete the transfer.
No matter which method you choose, sending money from Nedbank to Capitec is a hassle-free process. And speaking of hassle-free, did you know you can earn rewards in your spare time? With the Points Castle app, you can take surveys and play games to earn points, which you can then exchange for awesome vouchers.





