Instant Money

Need to send money to a friend or relative who doesn’t have a bank account? Instant Money lets you send cash immediately to anyone with a South African cellphone number. You can also store and spend money safely with an Instant Money Wallet, which works like a basic bank account on your phone.
Some of the benefits
Convenient
Secure
Top up
Use funds in your Instant Money Wallet to buy prepaid airtime, data or electricity
Flexibility
The Instant Money Wallet is ideal if you don’t have a bank account but want an easy-to-use digital wallet to load and send money, as well as buy prepaid airtime, data or electricity.
- Register and access your digital wallet by dialling *120*212#
- Create a unique wallet PIN when you register
- Load funds into your wallet via Internet Banking, ATM, Banking App, Cellphone Banking, or at one of our retail partners
- Withdraw cash at our ATMs or retail partners using your voucher number and cash collection PIN
- Send up to R5 000 a day at selected retail partners
- Reset the cash collection PIN if it’s lost or forgotten
- Reset your wallet PIN
- See your transaction history
- Cancel a payment to your receiver
Retailer channels: R9.95. (R9.90 to send money at PEP stores).
Standard Bank channels: R9.00 for R50 – R500, R11.50 for R501 – R1 000 and R13.50 for R1001 and above.
Instant Money Wallet terms and conditions
- Send Instant Money via Internet Banking, our Banking App, Cellphone Banking or at our ATMs
- You can also send money from a retail partner - Simply present your South African ID at the till point and provide your cellphone number and the recipient’s
- Withdraw cash at our ATMs or retail partners using your voucher number and 4-digit PIN
Learn more about Instant Money.
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INSTANT MONEY WALLET
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INSTANT MONEY TRANSFER
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Retail partners
The Instant Money Wallet is ideal if you don’t have a bank account but want an easy-to-use digital wallet to load and send money, as well as buy prepaid airtime, data or electricity.
- Register and access your digital wallet by dialling *120*212#
- Create a unique wallet PIN when you register
- Load funds into your wallet via Internet Banking, ATM, Banking App, Cellphone Banking, or at one of our retail partners
- Withdraw cash at our ATMs or retail partners using your voucher number and cash collection PIN
- Send up to R5 000 a day at selected retail partners
- Reset the cash collection PIN if it’s lost or forgotten
- Reset your wallet PIN
- See your transaction history
- Cancel a payment to your receiver
Retailer channels: R9.95. (R9.90 to send money at PEP stores).
Standard Bank channels: R9.00 for R50 – R500, R11.50 for R501 – R1 000 and R13.50 for R1001 and above.
Instant Money Wallet terms and conditions
- Send Instant Money via Internet Banking, our Banking App, Cellphone Banking or at our ATMs
- You can also send money from a retail partner - Simply present your South African ID at the till point and provide your cellphone number and the recipient’s
- Withdraw cash at our ATMs or retail partners using your voucher number and 4-digit PIN
Learn more about Instant Money.