Coinvest NSFAS Login, Registration and Account Balance Check

NSFAS funding is now disbursed through Coinvest, a financial service provider.

This article will guide you through the process of registering for a Coinvest NSFAS account, logging in, and checking your account balance.

What is Coinvest NSFAS?

Coinvest NSFAS is a dedicated account offered by Coinvest specifically for NSFAS beneficiaries.

This account allows you to receive and manage your NSFAS funding electronically.

With a Coinvest NSFAS account, you can:

  1. View your NSFAS allowance and tuition payment history.
  2. Make secure withdrawals at ATMs and participating retailers.
  3. Perform electronic transfers to other bank accounts.
  4. Access financial literacy tools and resources.

Who is eligible for a Coinvest NSFAS account?

If you are a registered NSFAS beneficiary, you are eligible to open a Coinvest NSFAS account.

You will be notified by NSFAS about the account opening process.

How to Register for a Coinvest NSFAS Account

There are two ways to register for a Coinvest NSFAS account:

  1. Online Registration:
    • Visit the Coinvest NSFAS website
    • Click on “NSFAS Student Login or Register.”
    • Enter your ID number and South African citizenship number.
    • Follow the on-screen instructions to complete the registration process.
  2. On-Campus Registration:
    • Some universities may hold on-campus registration drives for NSFAS students.
    • Look out for information from your university about these events.
    • During the registration drive, Coinvest representatives will be available to assist you with opening your account.

What documents do I need for registration?

You will need the following documents to register for a Coinvest NSFAS account:

  1. Your South African ID book.
  2. Proof of your student status (a letter from your university).
  3. Your NSFAS award letter (if available).

How to Login to your Coinvest NSFAS Account

Once you have registered for your Coinvest NSFAS account, you can log in using the following steps:

  1. Visit the Coinvest NSFAS website.
  2. Click on “NSFAS Student Login or Register.”
  3. Enter your username and password.
  4. Click on “Login.”

How to Check Your Coinvest NSFAS Account Balance

There are several ways to check your Coinvest NSFAS account balance:

  1. Online Banking:
    • Log in to your Coinvest NSFAS account on the website.
    • Your account balance will be displayed on the dashboard.
  2. Mobile App:
    • Download the Coinvest mobile app from the Google Play Store or Apple App Store.
    • Log in to the app using your username and password.
    • Your account balance will be displayed on the app’s home screen.
  3. USSD:
    • The USSD functionality for checking your balance may not be available yet. It’s recommended to check the Coinvest NSFAS website or contact their support for updates.
  4. SMS:
    • You may receive SMS notifications from Coinvest whenever a transaction is made on your account. This can also indirectly inform you about your current balance.

Can I register for a Coinvest NSFAS account if I am not an NSFAS beneficiary?

No, you cannot register for a Coinvest NSFAS account if you are not an NSFAS beneficiary.

The account is specifically for students who receive funding from NSFAS.

What should I do if I forgot my Coinvest NSFAS account password?

On the login page, click on “Forgot Password?”. You will be prompted to enter your ID number, and a link to reset your password will be sent to your registered email address.

What are the fees associated with a Coinvest NSFAS account?

Coinvest demands a payment fee of R12 when the NSFAS allowance is deposited into the account.

If you choose an immediate payment from your Coinvest account to your account, a fee of R35 is charged.

Ordinary payments on the other hand incurs a charge of R5.

How do I contact Coinvest NSFAS customer support?

You can contact Coinvest NSFAS customer support by phone at +27 11 507 5555 or by email at sales@coinvest.africa.