Home Finance PEPmoney – Send and receive money with PEP Money Transfer

PEPmoney – Send and receive money with PEP Money Transfer

Pep Money Transfer

PEP has been one of the leading retail stores in South Africa that has been making various clothing and home products affordable to the masses, and their money transfer facility is one of those valuable services that they have on offer.

With PEPmoney you can easily send and receive money anywhere in South Africa, while also getting access to additional services that include loans, money transfer, paying of DSTV accounts, buy travel tickets, insurance and buying tokens.

What is PEP and what does it do?

PEP is one of the largest retail giants in South Africa with over 2 350 retails stores across Southern Africa, employing over 17 000 people.

It sells over 750 million products every year across its various retail branches, and is one of the few retail stores that sell products at very low prices.

How to apply for PEPmoney Transfer?

Applying for PEPmoney Transfer is very easy, all you need is to take your South African ID to any of your nearest PEP store, go to the cashier and present your ID, recipient’s cell phone number and pay the money that you want to send, it’s as easy as that!

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You will be asked to choose a 4-digit PIN for transaction security, after which you will receive a 10-digit withdrawal number.

Once the transaction is finalized you will need to send the 4-digit PIN and 10-digit withdrawal number to the recipient who will it use to collect the money at any Checkers, Shoprite, USave or an ABSA ATM machine.

How to withdraw PEPmoney from an ABSA ATM

Withdrawing your PEPmoney cash from an ABSA ATM machine is very easy; all you need to do is follow these simple instructions:

  • Go to your nearest ABSA ATM machine.
  • Choose the CashSend option, and then the CashSend Withdrawal option.
  • Enter your 10-digit withdrawal number followed by the 4-digit PIN.
  • Once withdrawal and pin is verified you will be able to collect your sent money in full.

It’s as easy as that!

PEPmoney Account

The PEPmoney account is an all in one value added money account that allows you to get access to credit, pay your DSTV and bills, buy your electricity, transfer money, deposit money and much more.

For their credit services you will need to provide your SA ID, latest 3 months pay slips or bank statements, have a valid bank account and an active cellphone number to qualify.

PEPmoney Card

The PEPmoney Debit Card is a convenient and full transactional card that allows you to save, shop and send money easily, giving you interest on your balances and charges no monthly fees.

Save – with this card you can deposit money or salary into your PEPmoney account for free and earn as much as 3% interest per year.

Shop – you can purchase goods, buy electricity or data, pay accounts or bills.

Send – you can send money to another PEPmoney account for as little as R1.25, and also send to other recipients who can collect it at any USave, Checkers, Shoprite stores or ABSA ATM.

To get yourself this PEPmoney card you will need to have your SA ID, cell phone number and pay a R20 deposit.

Benefits of the PEPmoney Card include the following:

  • There are NO monthly fees.
  • Deposit money for free.
  • Your first card is absolutely free.
  • You get unlimited FREE balance enquiries from your cell phone.
  • You can shop and make payments with your card.
  • Your card has a secret PIN which will safeguard your money in case it is lost or stolen.

PEPmoney Card Pricing and Fees

The PEPmoney account allows you to:

  • Have a monthly account balance that does not exceed R25 000.
  • You can withdraw and swipe for transactions not more than R1 500 daily.
  • You can do monthly transactions that do not exceed R25 000.

Balance enquiries, airtime purchases, electricity purchases and bill payments are free while money transfers to another PEPmoney account has a R1.25 transaction fee.

For money transfers using CashSend you will be charged a R8.45 fee.

View full card pricing and associated fees here

Interest Rates and other Associated Fees

With PEPmoney you can send or receive money of up to R1 500 per transaction and pay a fixed fee of R9.99.

This money transfer facility has no administration or withdrawal fees charged to the customer sending money.

PEPmoney Contact Details

Customer Support: 0860 77 77 65

Email: info@pepstores.com

Web: www.pepstores.com

Postal Address: PO Box 6376, Parow East 7501, South Africa