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:
Bring Required Documents
Individuals will require having an original passport or identification document.
ID Verification
Students will receive their My Fundi card after their ID is verified.
Card Activation
A Fundi Rep will activate the card by swiping it at a terminal and entering your ID number.
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:
⚠️ 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.