There are millions of unemployed South African who are fulfilled basic needs through the Sassa grant. More than 10 million people are now registered with the Sassa SRD R350 grant and According to the report, South Africa has the hardest hit unemployment rate sitting at a new record of 35.3%. Here you know all about how to change the Sassa r350 payment method online?
Where can I withdraw Sassa r350 money?
The Sassa was first introduced in May 2020, and at that time, the grant payment are made through the post office payment method but later they proceed with payment also through added bank account and wallet or Cash Send through partnered banks.
Post Office Payments Option
The post office method is the default payment method for the Sassa beneficiaries. If the beneficiaries do not add their account number or phone number then the Sassa system will automatically choose the post office payment method as default.
Post Office Virtual Cards
As the name described, it is a virtual card. It is not the physical ATM card but virtual. This addition to the payment option is made while the SRD R350 Grant was reinstated. According to the post office, it is free to use the virtual card. You can withdraw money through a virtual card from ATM machines and Post Banks in the country. When you choose to use the card on an ATM machine, you will be provided limited services. You will be provided the card number and a pin to access the card details and withdraw payments.
Ewallet or Cash Send Payment Option
Those who are unable to go to the post office to collect their money or have no bank account can get their payment through Ewallet or Cash Send Payment Option.
Some selected banks are in partnership with Sassa and the beneficiaries’ account number becomes their phone number, according to the bank option they select. The number should have been RICA’ed or registered in the applicant’s name. You just need to choose the bank through which you can withdraw your payment on a selected date. The applicant just has to go to the bank to draw cash out.
Note: if your sim card is not registered, you can not use it.
Personal Bank Account Payments
In this method, you select your bank for payment collection and the money from Sassa just comes straight to your own bank. This is the most convenient option and a faster one, Sassa officials also recommend this. As sassa said that:
“The r350 Covid 19 grant Beneficiaries are encourage to use their own bank accounts to withdraw payment as it avoid overcrowding at the post offices”
Some of the banks that are most popular and mostly used by beneficiaries are TymeBank, Capitec, Standard Bank, Fnb Bank, ABSA bank, etc.
Change payment methods or preferences:
The Sassa has introduced different methods for receiving the grant. Sassa gave the right to their beneficiaries, that they can change payment methods from one to another.
They have the option to change the grant payment method from post office to bank account or from bank account to post office.
The beneficiaries can also send payments from one bank account to another.
They also have the right to select the cash send option that is registered on their name by using the cell phone number. Click if you want to know the Sassa Grant R350 payment date for December.
How to change the Sassa r350 payment method online?
Beneficiaries can update their account to transfer Sassa money from the post office to the bank account. You can change your Sassa grant payment method through the Sassa official website and follow the following steps:
- Visit Sassa’s official website: srd.sassa.gov.za
- Select the option that suits you either “South African ID Holders” or “Asylum Seekers and Special Permit Holders”
- select “click here to proceed”.
- Scroll the page down and select “How do I change my banking details”.
- put your ID number in a blank column
- Then, you will receive a message on your phone number that you registered while applying for a grant application.
- SMS contains a secure link, you need to on the link
- Select the option” Bank account details”.
- Now Insert your banking details (personal bank account details).
Note: Sassa will never pay your grant on a phone number that is not registered in your name. So, it is important to ensure that you provide the mobile number that is registered in your name for receiving the SMS from Sassa. You can also check your Sassa grant status online through online portal.
How to withdraw Sassa money at Absa atm?
To withdraw the payment, you need to follow the given instructions:
- Insert the card in the slot around which the green light is flashing
- Enter PIN code
- Press the green button on the ATM
- Choose an option either the current account or cheque account
- Insert the amount you want to payout
- When Money withdraws, take your card out from the slot.
Can you withdraw Sassa’s payment through the Sassa card?
Yes, you can withdraw the Sassa payment by using the Sassa card. This will prevent you from having to queue outside of Post Offices.
How much does Absa charge for SASSA withdrawal?
Generally, each bank has its own fee when its customer withdraws money from other bank ATMs but Absa’s fee for Saswitch ATM cash withdrawals is R12. 00 + R2.
Which bank can I withdraw Sassa?
The beneficiaries can use PostBank services to withdraw the grant payment through cash send.
Which ATM can I use to withdraw Sassa money?
You can use all the ATMs belonging to the banks for withdrawing the Sassa money but they will charge a fee. Their fee charges are the same as Absa ATM.
Conclusion:
So, the beneficiaries can change their payment methods at any time. The whole payment process setup was somehow delayed, and that delay also slow the process of finalizing contracts with the banks. But, now all the Sassa beneficiaries can get their Sassa Grant payment through different methods, they wished for.
“The Executive Manager of Grants Administration, Dianne Dunkerley said that: “This whole process has, unfortunately, delayed the contracting significantly,”.
In the Statement, Sassa explains that when the grant comes to end, the contract with the bank expired previously and for a new contract, they have followed the procurement process.
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