What Happens If eWallet is Not Withdrawn?
Despite being one of the most developed and advanced countries in Africa, South Africans still make mistakes, such as sending money to the wrong recipients or losing their cellphones. Fortunately, eWallet has made the whole process of sending and receiving funds much easier than it used to be.
Using eWallet is easy and convenient, allowing you to send and receive money in minutes. It is a safe and secure way to pay for things online, at stores or ATMs.
You can use eWallet at FNB ATM machines, FNB ATMs that have automated deposits or participating retailers. You can also withdraw money from your eWallet at any ATM in South Africa with the help of an ATM pin.
If you receive a transfer to your eWallet, you have 14 days to activate it and withdraw the funds. If you do not withdraw it within that time frame, the money will be reversed back to the person who sent the money.
The eWallet system uses a PIN to verify transactions, which can be generated by the sender. This prevents anyone else from transferring funds to your eWallet account. If you are not sure who the sender is, you can call FNB to find out their name and phone number.
It is important to note that a valid cell phone number is required for an eWallet transfer, as it is used to check that the recipient has a South African mobile phone with current airtime. This is to ensure that only people with a South African mobile phone number can use the service.
Once you have a valid cell phone number and you are satisfied that the sender is a valid person, it is time to send the money. The process will take a few steps.
First, you need to select the person you want to send money to. You can either type their cellphone number or manually enter it. The latter option is recommended if you do not want to risk sending money to the wrong number.
After you have selected the person, it will then display a few screens to confirm that the cellphone number is correct. If the phone number is not correct, you can choose to cancel the transaction by calling *120*321# on your cellphone and follow the instructions.
