NSFAS Allowance Management | Introducing the Tenet NSFAS App. If you’re a NSFAS student utilizing the Tenet Technology personal money card, there’s an essential tool you should have in your arsenal – the Tenet NSFAS app. It offers the simplest and most convenient way to manage your NSFAS allowances.
Adapting to NSFAS’s Direct Payment System
The recent introduction of NSFAS’s direct payment system has sparked controversy and protests among student organizations. Despite the ongoing debates and potential future changes, you still need access to your monthly allowances. Embracing the new system for now is the best way to ensure you don’t miss out.
Understanding NSFAS and Tenet – What Sets Them Apart?
NSFAS recognized the need for assistance in distributing allowances to beneficiaries and partnered with four companies for this purpose. These companies enable students to utilize their allowances for purchases of goods and services. One of these companies is Tenet Technology, responsible for managing allowance payments to students.
It’s important to note that Tenet Technology is not affiliated with the non-profit organization called Tenet, which provides internet connectivity solutions for universities and colleges.
Tenet Technology’s Partnerships with Educational Institutions
Tenet Technology has forged partnerships with various educational institutions to facilitate the distribution of allowances:
TVET Colleges Onboarding with Tenet Technology:
- Central Johannesburg College
- College of Cape Town
- Elangeni College
- Goldfields FET College
- Letaba FET College
- Lovedale FET College
- Mopani South East FET College
- Northern Cape Urban FET College
- Orbit FET College
- Sedibeng College
- Taletso FET College
- Waterberg FET College
- Western College
Universities Onboarding With Tenet Technology:
- Cape Peninsula University of Technology
- University of Kwazulu Natal
- University of Venda
- University of Pretoria
- University of Western Cape
- University of Witwatersrand
- Walter Sisulu University
Safely Downloading the Tenetech App
To access Tenet Technology’s services, you’ll need to create an account on their platform. Once registered, you can request to download their app, and a secure code will be sent to you via SMS. This ensures that only you can download the app associated with your account.
Students have the convenience of processing electronic funds transfers (EFTs) through both the Tenetech online portal and the mobile app. If you require a statement, it can also be obtained through the Tenetech app.
Payment Schedule and Notifications
NSFAS aims to process monthly payments by the 25th of each month. Beneficiaries will receive updated SMS notifications and account balance information once the bursary scheme has disbursed funds. According to Tenetech, once they receive payment from NSFAS, student accounts are credited on the same day.
Frequently Asked Questions (FAQs) – Tenetech
Q1) Is there a limit to how much I can EFT?
Ans:- Yes, there’s a daily limit of R3000, which you can adjust using your banking app.
Q2) How do I access my Tenet NSFAS account if I don’t have a smartphone?
Ans:- You can log in on any device using the Tenetech online portal.
Q3) Which ATMs do not accept transactions with the NSFAS bank card?
Ans:- None – The NSFAS bank card is accepted at all ATMs.
Q4) Can I use my card at any retail outlet?
Ans:- Yes, since your NSFAS card is a bank card, you can use it at any retail outlet. However, you can only use the available funds in your account.
Q5) Can I still transact if my in-bundle transactions exceed my limit?
Ans:- Yes, you can still transact, but you’ll be charged the out-of-bundle rate, which may vary depending on the transaction type.
Contacting Tenet Technology
If you have questions or encounter issues related to your Tenet Technology service for NSFAS allowances, you can reach out to them through the following options:
- Toll-Free Number: 0800 873 287
- WhatsApp: 064 603 7507
- Beneficiaries are also encouraged to contact these numbers if they suspect any fraudulent activity
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