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NSFAS needs TVET beneficiaries'
banking details to receive
their allowances.
As of 25 May 2024, NSFAS TVET college beneficiaries will start to receive their allowances
directly from NSFAS through a bank account of their choice.
Click here
Do not use the previous
NSFAS Direct Payment Black card
NSFAS has devised a payment mechanism to address
the ongoing allowance payment challenges through its internal banker.
Click here
The bank account should
belong to you.
We strongly advise all applicants and beneficiaries to always safeguard their personal information
and banking details.
Click here

#BankYourWay
#BankOfYourChoice
#InYourPocket
Click here
Please note this is ONLY for TVET college NSFAS beneficiaries. University students will continue to receive their allowance through their institutions until the end of July 2024.
25 May 2024
For TVET NSFAS Beneficaries get your allowances directly in your chosen bank account.#NSFASAllowances


All TVET college students funded by NSFAS can now receive their allowances through a bank account of their choice with any bank!
NSFAS urgently requires all TVET college beneficiaries to provide their personal banking details to receive allowances directly into their bank accounts with a bank of their choice as of 25 May 2024.
Click here to submit you banking details
Do Not Use The Previous NSFAS Direct Payment Black Card
NSFAS has devised a payment mechanism to address the ongoing allowance payment challenges through its internal banker
Click here
Benefits
NSFAS request students not to use the NSFAS Direct Payment Black Card, which were created to pay the direct payment allowances.
You get to bank your way!
No extra or exorbitant costs, normal costs will apply per individual banks
If you don’t have a bank account, what are you waiting for, got to a bank of your choice and open one.
NSFAS will verify submitted banking details seconds after submission.
Tourism Student
Maria Tintswalo
Account balance
R16,500
Transaction History
Maria Tintswalo
R16,500
- R10
Students whose funding has been approved will be able to submit their details and students whose registration data has been received will receive payments.
To submit their banking details, students should log onto their myNSFAS account and select the option to upload banking details.
Fraud Prevention Tips
NSFAS officials will never ask
or call you to share your password!
Students should be careful and avoid the following:
We strongly advise all applicants and beneficiaries to always safeguard their personal information and banking details.
Do not provide more than one bank account details.
Do not provide details of an inactive bank account.
The bank account should belong to YOU, do not share your details with anyone.
Report any fraud or suspicious activity to the Vuvuzela hotline


Step by Step guidelines
Here’s how you can submit your bank details to receive
allowances from NSFAS
01
Step 1:
Visit "www.nsfas.org.za" and click on the “myNSFAS portal” section.
02
Step 2:
Log in using your myNSFAS account username and password.
03
Step 3:
Once logged in, click on the "bank account details" option under the ‘Profile Information’ section.
04
Step 4:
Fill in your banking details from a bank of your choice.
05
Step 5:
Click on the "save" button.
06
Step 6:
NSFAS will verify the submitted banking details with your bank for successful submission.