Understanding ABSA Cash Send Withdrawal
ABSA Cash Send is a convenient and secure way to send and withdraw cash using your mobile phone. However, there are times when you may need to withdraw the funds sent to you through this service. In this section, we will explore how to withdraw ABSA Cash Send funds.
Step-by-Step Guide to Withdrawing ABSA Cash Send Funds
To withdraw your ABSA Cash Send funds, follow these simple steps:
1.
Dial *120*2273#: The first step is to dial the USSD code *120*2273#, which will take you to the Cash Send menu.
2.
Select Withdrawal Option: From the menu, select the withdrawal option by typing '1' on your keypad.
3.
Enter Amount to Withdraw: Enter the amount you wish to withdraw from your Cash Send balance.
4.
Confirm Transaction: Once you have entered the amount, confirm the transaction by pressing '1' again.
How to Withdraw ABSA Cash Send Funds at an ATM
If you prefer to withdraw your ABSA Cash Send funds using an ATM, you can do so in a few simple steps:
1.
Select Absa as Your Bank: When prompted, select Absa as your bank.
2.
Enter Your Card Details: Insert your Absa card and enter your PIN to authenticate the transaction.
3.
Choose Withdrawal Option: From the menu, choose the withdrawal option by selecting 'Withdraw' or 'Cash'.
4.
Enter Amount to Withdraw: Enter the amount you wish to withdraw from your Cash Send balance.
5.
Confirm Transaction: Once you have entered the amount, confirm the transaction by pressing 'OK' or 'Confirm'.
Differences Between ABSA Cash Send and Other Mobile Banking Services
While ABSA Cash Send is a convenient service for sending and withdrawing cash, it has some key differences compared to other mobile banking services. Here are some of the main differences:
| Service | Withdrawal Limit | ATM Access |
| --- | --- | --- |
| ABSA Cash Send | R1,000 per transaction | Yes |
| FNB eWallet | R10,000 per day | Yes |
| Standard Bank MyWays | R5,000 per day | No |
Benefits of Using ABSA Cash Send for Withdrawals
Using ABSA Cash Send for withdrawals offers several benefits, including:
*
Convenience: You can withdraw your funds using your mobile phone or at an ATM.
*
Security: Your transactions are secure and protected by Absa's encryption technology.
*
No Need for a Bank Account: You don't need to have a bank account to use ABSA Cash Send.
Common Questions About ABSA Cash Send Withdrawal
Q: What is the maximum amount I can withdraw using ABSA Cash Send?
A: The maximum amount you can withdraw using ABSA Cash Send is R1,000 per transaction. However, this limit may be higher or lower depending on your account type and other factors.
Q: Can I use my Absa card to withdraw cash from an ATM after sending money via Cash Send?
A: Yes, you can use your Absa card to withdraw cash from an ATM after sending money via Cash Send.
Q: How long does it take for the funds to be available in my account after a successful withdrawal?
A: The funds will usually be available within minutes of completing the transaction. However, this may vary depending on various factors such as network delays or server issues.
Conclusion
In conclusion, ABSA Cash Send is a convenient and secure way to send and withdraw cash using your mobile phone. By following these simple steps, you can easily withdraw your funds from an ATM or using your mobile phone. Whether you're looking for convenience, security, or the ability to access your funds at any time, ABSA Cash Send is the perfect solution for all your financial needs.
External Links:
* [ABSA Cash Send Website](https://www.absa.co.za/personal/products-and-services/cash-send/)
* [How to Withdraw Money from an ATM Using Absa Cash Send](https://www.youtube.com/watch?v=UkY5VxwC2lI)
* [Mobile Banking Services in South Africa](https://www.moneyweb.co.za/special-reports/mobile-banking-in-south-africa/)
* [Understanding Mobile Banking Fees and Charges](https://www.absa.co.za/personal/products-and-services/fees-and-charges/)
* [Security Measures for Mobile Banking Transactions](https://www.fnb.co.za/personal/security-measures-mobile-banking-transactions)
