The Shoprite/ Checkers/ USave Money Market account is regulated the same as any other bank. The money is “safe” once it is paid to the Money Market account.
If the beneficiary does not redeem the money, the funds remain available in the Money Market account (the same as it would in a bank account) – it does not expire.
The Money Market account is free – there are no costs to sign up or to keep funds safe.
The benefit of using Money Market is that clients are not required to use the entire voucher amount in a single transaction. For example, if a client has a voucher with a R1,000 balance, they can spend R150 on their current purchase, leaving R850 available for future use.