How to Withdraw ABSA Cash Send Funds
Withdrawing funds from your ABSA Cash Send account is a straightforward process that can be completed online or through the mobile banking app. In this section, we'll walk you through the step-by-step guide on how to withdraw your cash send funds.
Withdrawal Methods: Online and Mobile Banking
- Online Banking: Log in to your ABSA online banking account and follow these steps:
- Navigate to the "Transfers" or "Payments" section.
- Select the "Withdrawal" option.
- Choose the account you want to withdraw funds from (in this case, your ABSA Cash Send account).
- Enter the withdrawal amount and confirm the transaction.
- Mobile Banking: Open the ABSA mobile banking app and follow these steps:
- Navigate to the "Transfers" or "Payments" section.
- Select the "Withdrawal" option.
- Choose the account you want to withdraw funds from (in this case, your ABSA Cash Send account).
- Enter the withdrawal amount and confirm the transaction.
ABSa Cash Send Withdrawal Limits and Fees
In addition to understanding how to withdraw cash send funds, it's essential to know the associated limits and fees. In this section, we'll explore the withdrawal limits, fees, and any restrictions that apply.
Withdrawal Limits:
| Withdrawal Method | Minimum Withdrawal Amount | Maximum Withdrawal Amount |
|---|---|---|
| Online Banking | R500.00 | R50,000.00 |
| Mobile Banking | R500.00 | R20,000.00 |
Fees and Charges:
- Withdrawal Fee: R10.00 per transaction (maximum of R50.00)
- Excess Withdrawal Fee: R20.00 per excess withdrawal (up to a maximum of R100.00 per month)
How to Use ABSA Cash Send for Withdrawals
In this section, we'll explore the various ways you can use your ABSA Cash Send account for withdrawals, including debit cards, cashbacks, and ATM withdrawals.
Debit Card Withdrawal:
With your ABSA Cash Send debit card, you can withdraw cash at any ATM or Point of Sale (POS) terminal. Simply insert your card, enter your PIN, and select the amount to withdraw. The withdrawal limit for debit cards is R20,000.00 per transaction.
Cashback Withdrawal:
When using a cashback service like ABSA's Cash Send feature, you can withdraw funds directly from your account. This option is available when making purchases with your linked card or mobile device. The withdrawal limit for cashbacks is R5,000.00 per transaction.
ABSa Cash Send: A Convenient and Secure Way to Withdraw Funds
In this article, we've explored the ins and outs of withdrawing funds from your ABSA Cash Send account. From understanding the different methods and limits to fees and charges, you now have a comprehensive guide on how to manage your cash send funds effectively.
Frequently Asked Questions:
- Q: Can I withdraw cash from my ABSA Cash Send account at any ATM? A: Yes, you can withdraw cash using your debit card at any ATM. However, please note that some ATMs may have withdrawal limits or fees.
- Q: How do I know if my withdrawal has been processed successfully? A: Once your withdrawal is processed, you will receive a confirmation SMS and email from ABSA.
- Q: Can I withdraw cash using the mobile banking app? A: Yes, you can withdraw cash using the ABSA mobile banking app. Simply log in to your account, select the "Withdrawal" option, and follow the prompts.