Student Finance

My Fundi Card and How to Check Balance

Complete guide to using your Fundi card, checking balance, and managing your student funding

📅 Updated March 11, 2022 ⏱️ 5 min read 🏷️ Student Finance

Fundi is one of the leading fund management and education finance specialists in South Africa. Its mission is to assist students in pursuing their dreams by providing educational finance that helps facilitate students – from tuition loans to device loans.

Their loan services cover all things education-related. Furthermore, their financial services enable students to enjoy accessible funding. The My Fundi card is an innovative cashless system that can be used on campus. This smart card technology works quite similar to a regular debit card; however, it can only be used by students.

📋 What You'll Learn

  • • How to get your My Fundi card
  • • How to check your card balance (3 methods)
  • • Where you can use the card
  • • How to upload banking details
  • • What the Fundi loan covers

How to Get a My Fundi Card

📍 Getting Your Card

Fundi offices are located on campus and students will have to go there. Additionally, they can visit https://www.fundi.co.za/CallMeBack for more information.

Step-by-Step Process:

1

Bring Required Documents

Individuals will require having an original passport or identification document.

2

ID Verification

Students will receive their My Fundi card after their ID is verified.

3

Card Activation

A Fundi Rep will activate the card by swiping it at a terminal and entering your ID number.

4

Set Your PIN

You will enter a PIN number for the card. Finally, the card will be registered and ready to use.

My Fundi Card and How to Check Balance

There are three methods by which students can view their card balance:

📱 Via Mobile

1. Register on the Fundi website and log in

2. Dial *134*87646# on your cell phone

3. Select option 2

4. Account details and balances will be sent to you

📞 Via Call Center

Call the Fundi call center for balance enquiries

0860 44 33 44

Available during business hours for assistance

🏢 Via Campus Office

Visit your nearest campus Fundi office

Check online to view the closest campus office location

Get in-person assistance with your account

How to Upload Banking Details

💡 Important Note

Cash and transport allowances will be paid via EFT directly into students' bank accounts. Students should upload their banking details on the Fundi portal.

Step-by-Step Process:

2 Click on "Banking Details"
3 Enter your ID number, student number and cellphone number
4 Fill in the OTP
5 Enter your bank details (account number, branch code, account holder name)
6 Click on "Add banking details"

⚠️ Important Banking Information

  • • Students should ensure that the bank account belongs to them
  • • The Fundi portal will verify this via SMS
  • • If verification is unsuccessful, you'll need to resubmit details
  • • Upload new details 5 working days before payment if changed
  • • Cash allocations usually get paid out after 3 working days

Where Can the My Fundi Card be Used?

Fundi has partnered up with leading education institutions and over 2,500 retail partners that accept the My Fundi card.

Shoprite

Checkers

Pick 'n Pay

Selected Spar

Nando's

Gallitos

KFC

Campus Stores

Additional locations: Students can also use their My Fundi cards as a payment method at campus shops, schools and book stores.

What Does the Fundi Loan Cover?

The Fundi solution is to find all educational needs in one place.

💰 Student Loans

Loans to students while they're studying. Study loans and short courses, providing access to those in need of financial assistance.

🏠 Accommodation Solutions

Accommodation loans and platform that simplifies the entire accommodation process.

📱 Airtime and Data

Access to purchase airtime and data anywhere, at any time with various payment methods.

📚 Study Resources

Covers all study materials and resources including textbooks, study material, and devices.

🍽️ Food

Access to a food allowance via the My Fundi card. Shop for groceries at participating stores or restaurants.

What is the Purpose of a Fundi Card?

The Fundi cashless card works as a payment solution, similar to a debit card. However, the Fundi card has various pockets that track and manage spending. A certain amount of money is put into each savings pocket for different purposes.

Main Purpose: The purpose of the Fundi card is to ensure that students do not overspend. This way, they will have enough money for registration fees, textbooks, accommodation, food, and study tools.

Converting Allowance to Cash

💵 Cash Withdrawals

Yes, Fundi allows students to withdraw money from the card. However, withdrawing money can only be done at certain stores such as Checkers, Shoprite, and Pick 'n Pay.

Cash and transport allowances will be paid via EFT. It will be the student's responsibility to upload their banking details.

The Bottom Line

Fundi provides students with educational loans and allowances to ease the financial burden. Their mission is to cover expenses in order for students to pursue their dreams at tertiary education. Their solution is to make loans more affordable and accessible to students.

One of the major perks of using Fundi is that they do not require any collateral. Repayments can be made as a salary deduction or through debit orders. Most importantly, the purpose of the Fundi card is to provide cashless solutions to help ensure that students do not overspend monies.