How to Reverse Capitec Cash Send

Do you wish to find out how to reverse Capitec Cash Send? It’s something that you may wish to do if you are one of the millions of people who send money this way. Capitec has grown in leaps and bounds over the past few years to become the biggest bank in South Africa in terms of subscriber numbers. At the moment they have over 21 million customers. With Cash Send, each of these people can send money to anyone in South Africa who has a phone number. The money can then be collected from a wide range of outlets. You are here because you wish to cancel Capitec Cash Send. How do you do it?

How to cancel Capitec Cash Send

According to Capitec, Cash Send cannot be reversed. However, there are a couple of options for those looking to get back their money. If the money has not been collected after a month, it will automatically be send back into your account. So, you have the option to simply wait for that to happen. The other option is to collect the money yourself. You can do so at any of the collection points.

Why would you wish to reverse Capitec Cash Send?

That’s the answer for those looking at how to reverse Capitec Cash Send. The money cannot be reversed, but will be deposited back into your account. But why would you wish to reverse Cash Send?

We have already noted that this facility is very convenient. It allows people around the country to send and receive money. The person to whom you are sending money does not need to be a Capitec customer.

Money is send to their account. That makes it possible to provide banking to millions of people in remote parts of the country. We have previously talked about Absa Send Cash. It’s a similar service, with the exception that there are limitations as to where you can collect your money.

You cannot collect from PEP, as an example. You can only collect from an Absa ATM. However, Capitec’s reach is wider. You can collect your money from a Capitec ATM and from a wide range of retailers. That makes this service very inclusive.

Summary

In this article, we focused on how to cancel Capitec Cash Send. We noted that there is no reversing money that is already send. What you can do is to wait 30 days and the money will automatically be reversed. Another option is to collect the money yourself. You can do this at a wide range of outlets.

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