Norraco has collaborated with NSFAS to provide Norraco transact, a bank account service that will be used by NSFAS students. The bank account service allows NSFAS beneficiaries to receive their allowances, transact through the NSFAS bank card, transfer funds, withdraw funds, and other bank account services.
According to NSFAS, the scheme funded over 1 Million students in the 2023 academic year. The disbursement of NSFAS funds for tuition and allowances to this large number of students was simultaneous and was made possible through the Bank account system introduced in 2022.
This article will teach you how to sign up/ register and log into the Norraco Transact app, so if you are an NSFAS beneficiary looking for a way to receive your monthly funds, we got you covered.
Institutions to be Onboarded by Norraco
You must be a verified beneficiary attending one of the following universities for you to be able to use Norraco Transact:
- Central University Of Technology
- Mangosuthu University Of Technology
- Nelson Mandela University
- North West University
- University Of Fort Hare
- University Of Johannesburg
- University Of Western Cape
How to Register for NSFAS Norraco
- Visit the homepage https://transact.norraco.co.za/
- Click on “Register” at the side or top of the screen
- Input your ID number and decide whether your OTP (one time password) should be sent via Email or SMS
- After recieving the OTP, input it in.
- Follow the prompts on your screen and complete your registration
NOTE: You will have to set password at another page, see below for guidelines
How to Login to NSFAS Norraco
- Visit the homepage https://transact.norraco.co.za/
- Click on “Login” at the side or top of the screen
- Input your ID number as username and input your password
- Click the Login button
In cases where you have forgotten your password and you want to reset/change it, or you want to set password for a new account, follow these guidelines:
- If you are on a phone, click the menu button at the top right corner of your screen and select “Set Password”. If you are on a PC, this menu will be on the side of your screen.
- Put in your ID number and decide whether your OTP (one time password) should be sent via Email or SMS
- After recieving the OTP, input it and set/change your password.
You can now go back to the login page and log into your account dashboard.
There are other payment apps approved by NSFAS for recievimg funds if you don’t like Norraco Transact, or if you are unable to register. They include: Coinvest, Ezaga, and Tenet.
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Greetings I deeply hurt because I haven’t received my all allowance for semester two please I need it to pay Rent help me
You need to contact the NSFAS office. Head to their website and find the “contact us” page
Facing a log in issue my account was hacked last year December i was told to block it now i can’t create new one or log in to the old one
Contact Norracco and describe your issue to them