Quick Answer
How to Transfer Money from Intellimali to Capitec Bank?
1. Log in to Intellimali.
2. Click ‘Withdrawal’.
3. Choose Capitec.
4. Enter Capitec info.
5. Input transfer amount.
6. Confirm details.
7. Wait for SMS confirmation. It may take up to 24 hours
Transferring money from Intellimali to your Capitec bank account is a straightforward process. Intellimali is a financial platform designed for students, and it allows you to manage your funds and make transfers to other bank accounts.
How to Transfer Money from Intellimali to Capitec Bank?
If you need to transfer money from your Intellimali account to your Capitec bank account, follow these simple steps:
1. Log in to Your Intellimali Account:
Open the Intellimali website or mobile app and log in to your student portal account using your registered credentials.
2. Navigate to the Withdrawal Option:
Once logged in, locate the main menu and find the “Withdrawal” option. Click on it to proceed.
3. Select Capitec Bank:
A drop-down menu will appear, listing various withdrawal methods. From the options provided, select “Capitec Bank” as your desired withdrawal destination.
4. Enter Capitec Bank Account Details:
You will be prompted to enter your Capitec bank account information. Provide the account title, account number, and branch code associated with your Capitec account. Double-check the account number to ensure accuracy.
5. Specify the Transfer Amount:
After entering your Capitec bank account details, you will need to specify the amount of money you wish to transfer from your Intellimali account.
6. Confirm the Transfer:
Review the details you have entered, including the transfer amount and the recipient Capitec bank account information. If everything is correct, click “Confirm” to initiate the transfer process.
7. Wait for Notification:
Once you have confirmed the transfer, Intellimali will process your request. You will receive an SMS notification on your registered phone number confirming the successful transfer and the amount transferred to your Capitec bank account.
It’s important to note that the transfer process can take up to 24 hours or longer in some cases. Intellimali will notify you via SMS once the money has been successfully transferred to your Capitec bank account.
Frequently Asked Questions (FAQs)
Q: How long does it take to transfer money from Intellimali to Capitec?
The withdrawal process typically takes at least 24 hours, but it can take longer in some cases. You will receive an SMS notification once the transfer is complete.
Q: Where can you withdraw money from Intellimali?
While you can transfer money from Intellimali to your Capitec bank account, you can also use your Intellimali card or the Intellimali machine to make purchases or pay for goods and services without incurring any withdrawal fees.
Q: What is the daily withdrawal limit on Intellimali?
Intellimali imposes a daily withdrawal limit of approximately R1000 per person. If you need to withdraw more than this amount, you will need to wait for the next 24-hour period.
Withdrawal Fee
Intellimali charges a withdrawal fee when you transfer money from your Intellimali account to a bank account, such as Capitec. The fee amount may vary depending on the recipient bank, so it’s essential to be aware of the applicable charges before initiating the transfer.
By following these simple steps, you can easily transfer money from your Intellimali account to your Capitec bank account. Remember to double-check the account details and keep an eye out for the SMS notification confirming the successful transfer.
