What is the FNB eWallet Reversal Code? Everything You Need to Know About Withdrawals in SA
In South Africa, FNB’s eWallet has become a popular way to send and receive money. With its convenience and ease of use, it’s no wonder that millions of people rely on this service for their daily transactions. However, what happens when you need to reverse a withdrawal from an eWallet? That’s where the FNB eWallet Reversal Code comes in. In this article, we’ll delve into the details of the reversal code, how it works, and everything you need to know about withdrawals in SA.
What is the FNB eWallet Reversal Code?
The FNB eWallet Reversal Code is a unique code that allows you to reverse a withdrawal from an eWallet. This code is used in conjunction with the FNB banking app or USSD menu to cancel a withdrawal that has already been made. The reversal code is a security feature that helps prevent unauthorized transactions and ensures that your money is safe.
How Does the FNB eWallet Reversal Code Work?
To use the FNB eWallet Reversal Code, follow these steps:
Log in to your FNB banking app: Open the FNB app on your mobile device and log in to your account.
Select the eWallet option: Navigate to the eWallet section and select the option to reverse a withdrawal.
Enter the reversal code: You will be prompted to enter the reversal code, which is a unique code that is sent to your phone via SMS.
Confirm the reversal: Once you’ve entered the reversal code, confirm that you want to reverse the withdrawal.
Alternatively, you can use the USSD menu by dialing 120277# and following the prompts to reverse a withdrawal.
Why Would You Need to Use the FNB eWallet Reversal Code?
There are several reasons why you might need to use the FNB eWallet Reversal Code:
Unauthorized transactions: If you suspect that someone has accessed your eWallet without your permission, you can use the reversal code to cancel any unauthorized transactions.
Incorrect withdrawals: If you’ve withdrawn money from the wrong account or made a mistake with the withdrawal amount, you can use the reversal code to correct the error.
Failed transactions: If a withdrawal has failed, but the money has been deducted from your account, you can use the reversal code to get your money back.
Other Important Facts About FNB eWallet Withdrawals in SA
Here are some additional facts you should know about FNB eWallet withdrawals in South Africa:
Withdrawal limits: There are daily withdrawal limits for eWallet transactions, which vary depending on the type of account you have.
Fees and charges: FNB charges a fee for eWallet withdrawals, which is deducted from your account.
Withdrawal locations: You can withdraw cash from any FNB ATM or participating retailer, such as Checkers or Pick n Pay.
Security: FNB eWallet transactions are secure and encrypted, but it’s still important to keep your account information and PIN confidential to prevent unauthorized access.
Conclusion
In conclusion, the FNB eWallet Reversal Code is a handy tool that can help you manage your eWallet transactions and prevent unauthorized access to your account. By understanding how the reversal code works and when to use it, you can enjoy a safe and convenient way to send and receive money in South Africa. Whether you’re using the FNB banking app or USSD menu, the reversal code is an essential feature that can help you stay in control of your finances.
