To reverse a Capitec Cash Send transaction, follow these steps using the Capitec app:
- Open the Capitec mobile banking app and log in with your PIN or biometric authentication.
- Navigate to your transaction history or the "Transact" tab.
- Locate the specific Cash Send transaction you want to reverse by checking the date, recipient, and amount.
- Select the transaction to view its details.
- Look for the option to "Reverse" or "Cancel" the transaction and tap it to initiate the reversal process.
- Confirm the reversal when prompted by entering your PIN or confirming your decision.
- Monitor your transaction history to ensure the reversal was successful.
- Verify your account balance to confirm that the funds have been refunded back to your account
Additional important points:
- If the Cash Send voucher has not been redeemed, you may also update the secret code to prevent withdrawal or visit a Capitec ATM to withdraw the voucher yourself as a way to recover the funds
- Unredeemed Cash Send vouchers are typically refunded automatically after 30 days if not redeemed. You can request an early reversal by visiting a Capitec branch, a partner store, or by contacting Capitec customer care at 0860 10 20 43. Note that a non-refundable fee of R160 applies for reversals, regardless of success
This process provides a straightforward way to reverse a mistaken or unwanted Cash Send transaction via the Capitec app or through customer service channels.