Keeping track of your NSFAS balance is essential if you’re a student in South Africa funded by the National Student Financial Aid Scheme (NSFAS). Knowing how much money you have left for allowances, books, food, and accommodation ensures you manage your funds responsibly and avoid surprises.
This guide walks you through every reliable method for checking your NSFAS account balance—from the official myNSFAS portal and USSD codes to newer fintech platforms like Coinvest. We’ll also cover alternative ways, common issues, troubleshooting tips, and frequently asked questions so you’ll always know where you stand financially.
Table of Contents
Why Checking Your NSFAS Balance Matters
Managing allowances under NSFAS is not just about knowing how much you have left; it’s about planning ahead. Many students run into problems because they don’t monitor their funds. By checking your balance regularly, you can:
- Track monthly allowances (accommodation, transport, food, learning materials).
- Ensure funds were disbursed on time.
- Spot incorrect deductions or errors early.
- Plan spending so you don’t run short before the next payment.
- Access transaction history for proof of payment when needed.
Quote from NSFAS: “Students are encouraged to check their balances regularly to avoid overspending and ensure that allowances are being used for their intended purposes.”
Checking NSFAS Balance Online
The easiest and most reliable way to check your balance is online. NSFAS provides secure platforms for students to monitor their funds.
Through myNSFAS Portal
The myNSFAS portal is the official gateway for all student account services.
Steps to check your balance on myNSFAS:
- Go to https://www.nsfas.org.za.
- Click on myNSFAS Login.
- Enter your username and password.
- Navigate to the Wallet or Allowances section.
- View your current balance and transaction history.
Requirements:
- A registered myNSFAS account.
- Internet access.
- Updated personal details (cellphone number, email).
Security Tip: Always log out after checking your account, especially on shared devices.
Through the NSFAS Mobile App
NSFAS has expanded digital access through its mobile app, available on both Android and iOS.
Steps:
- Download the app from Google Play Store or Apple App Store.
- Sign in using your myNSFAS credentials.
- Tap on Wallet to see your available funds and payment history.
Benefits of the app:
- Mobile-friendly and easy to use.
- Notifications on new disbursements.
- Access to updates, application status, and account settings.
Checking NSFAS Balance via USSD
For students without smartphones or stable internet, USSD balance checking is a game-changer.
The official NSFAS USSD code is *134*176#.
Steps to check using USSD:
- Dial
*134*176#on your cellphone. - Enter your ID number or student number.
- Follow the menu prompts.
- Select Check Balance.
- Receive your current balance via SMS.
Advantages:
- Works without internet.
- Quick and accessible on any cellphone.
Note: Some networks may charge a small fee for USSD services.
How to Check Balance on Coinvest NSFAS
What is Coinvest NSFAS?
In 2024, NSFAS introduced fintech service providers like Coinvest to manage allowance disbursements. Coinvest provides a digital wallet and card system, allowing students to access their funds more flexibly.
Ways to Check Balance on Coinvest
1. Coinvest Student Portal
- Visit the Coinvest website.
- Log in using your registered account details.
- Go to My Wallet.
- View your balance and transaction history.
2. Coinvest Mobile App
- Download from Google Play Store or Apple App Store.
- Log in with your student credentials.
- Tap Balance to see allowances and past transactions.
3. Coinvest USSD Service (if enabled)
- Dial the official Coinvest USSD code.
- Enter ID or student number.
- Select balance inquiry option.
4. ATM Balance Inquiry (with Coinvest Card)
- Insert your Coinvest card into any compatible ATM.
- Select Balance Inquiry.
- Check available funds.
Requirements for Coinvest Access
- Must be an active NSFAS-funded student.
- Registered with Coinvest (via email/SMS invitation from NSFAS).
- Linked cellphone number for OTP (one-time password).
- A secure password to access your Coinvest portal/app.
Alternative Methods for Checking NSFAS Balance
Sometimes you may not have access to the internet, app, or USSD. Here are other methods that still work:
- Email Notifications: Some students receive monthly balance statements via email.
- SMS Alerts: Coinvest and NSFAS send SMS confirmations after transactions.
- ATM Slip: Using your Coinvest card at an ATM shows your remaining balance.
- NSFAS / Coinvest Helpline: Contact customer support for assistance.
Table: Comparison of NSFAS Balance Checking Methods
| Method | Internet Required | Cost | Speed | Accessibility |
|---|---|---|---|---|
| myNSFAS Portal | Yes | Free | Fast | Any device |
| NSFAS Mobile App | Yes | Free | Fast | Smartphone only |
| USSD *134*176# | No | Small charge | Instant | Any cellphone |
| Coinvest Portal | Yes | Free | Fast | Any device |
| Coinvest App | Yes | Free | Fast | Smartphone only |
| ATM Inquiry | No | ATM fee | Instant | Card required |
Common Issues When Checking NSFAS Balance
Students often face problems when trying to view balances. Here are the most frequent ones and solutions:
- Forgotten Login Details
- Reset password via email or SMS on NSFAS or Coinvest portal.
- System Downtime / Portal Not Loading
- Try again during off-peak hours.
- Follow NSFAS Twitter/Facebook for downtime notices.
- Delayed Balance Updates
- Allow up to 48 hours after a transaction to reflect.
- Incorrect Allowance Amount
- Report immediately to NSFAS via nsfas.org.za or your institution’s financial aid office.
- USSD Not Working on Certain Networks
- Check network compatibility or try from another SIM card.
FAQs
How often should I check my NSFAS balance?
At least once a week, or before making major purchases, to ensure funds are available.
What should I do if I notice incorrect information on my balance?
Contact NSFAS or Coinvest support immediately and provide proof of payments or SMS alerts.
Can I access my NSFAS balance if I’m no longer funded?
Yes, you can still access your account to view old transaction history, but new allowances won’t appear.
Does checking my balance via USSD cost money?
Yes, networks usually deduct a small fee (around 20–60 cents per session).
Can I check my NSFAS balance outside South Africa?
Yes, via the online portal or app if you have internet access. USSD may not work internationally.
Conclusion
Knowing how to check your NSFAS balance is crucial for financial planning and avoiding unnecessary stress during your studies. Whether you prefer the myNSFAS portal, USSD codes, or Coinvest app, each method gives you quick access to your funds.
Always safeguard your login details, check balances regularly, and report discrepancies immediately. By staying on top of your allowances, you’ll have better control over your finances and peace of mind throughout the academic year.
For official updates, always visit NSFAS or check the Coinvest website for the latest student wallet services.
