Sassa Payment Method Change: Over the past few years, anyone who has been a part of the South African market can attest to one thing: unemployment is a rampant issue. Even though there are countless reasons for this phenomenon to occur, one factor is at the forefront: the government. The country’s National Social Security Act (NSSSA) grants are meant to assist citizens in their daily lives, and yet these benefits often get ignored by millions of South Africans.
One of these benefits involves an unemployed person receiving their Sassa payment by way of state-issued tenders. But before you start stressing about how much you should be receiving each month, then there are a number of things that you need to know about this kind of government payment system.
Can I withdraw money from Sassa R350?
The Sassa was first introduced in May 2020. The payment is made through the post office payment method but later they proceed with payment also through added bank account and wallet or Cash Sent through partnered banks. In case you have still not registered your account with Sassa, do it as soon as possible to avoid delays in payment.
Payments through the Post Office
If you are receiving a payment from Sasasa and don’t have your beneficiary details, then the post office payment method will be automatically selected. If you wish to use another method, simply click on the ‘change payment method’ link in the Payment Details section of the submission form.
Post Office Virtual Cards
Virtual cards come as a good option for those who are not able to use a physical ATM card. It is a card that looks like an ATM card but has more advanced services than other physical cards. It allows you to withdraw money from an ATM machine, get cash back on your purchases, transfer money between accounts, and make purchases online. This article covers all the important information you need to know about this new kind of payment method.
You can send payments via e-wallet or cash
The Ewallet option is available only for those who are unable to make payments at the bank or don’t want to reveal their bank account details. The following banks have partnered with Sassa (South African Social Security Agency) and offer this service: Absa, Mango, and Nedbank (JSE-listed). There is an annual fee for using the option but you don’t have to pay it every time. Only if you have used the Ewallet option more than once will you be required to prepay a fee.
Sim cards that are not registered cannot be used.
Payments from a personal bank account
When you use this, you simply 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: “We have now signed an agreement with the National Treasury to speed up the collection of government payments by eliminating unnecessary procedures. This means that individuals and businesses can now directly deposit into their bank accounts any payment made to them by South Africa’s Revenue Service (Sassa)”
Beneficiaries can use their own bank accounts to withdraw payments. Some of the banks that are most popular and used by beneficiaries are mentioned below: TymeBank, Capitec, Standard Bank, Fnb Bank, ABSA Bank, etc. The beneficiaries can withdraw their monthly benefits via various electronic payment methods like Transact Plus and Liberty Pay.
The window period to change payment methods for the special COVID-19 SRD grant opens the 1st of each month.The September window will be open from 03 until 10 September 2021 while the normal grant payments are made #SASSACARES @The_DSD @PostofficeSa @GCISMedia @GovernmentZA pic.twitter.com/oxze9yWLZR
— SASSA (@OfficialSASSA) September 7, 2021
To change your payment method or preferences, follow these steps:
Several times we have been asked by people seeking information on how to apply for a Sassa grant, and what documents they should provide. Many beneficiaries also got in touch with us because they wanted to change their payment method from post office to bank account. In this article, we will look at the different options available for Sassa beneficiaries, who want to make their grants in the most convenient way possible.
Some people believe that banks are the only entities that can send money to other locations. However, this is not true; anyone can use bank transfers as well. Banks offer cash transfer services that allow the transfer of funds from one account to another either by using a beneficiary’s contact details or through a few other processes like cell phone numbers or account numbers.
What is the process for changing the Sassa R350 payment method online?
Beneficiaries can update their account to transfer Sassa money from the post office to the bank account. The beneficiary will then receive their payment using their bank’s automated system. You can change your Sassa grant payment method through the official website and follow the following steps: Go to the “Annual Review” tab and click on “Apply for Changes”. Click on “Change Method”.
- You can visit Sassa’s official website at srd.sassa.gov.za
- You can change your banking details by scrolling down the page.
- In a blank column, enter your ID number
- Afterward, you will receive a message on your registered phone number.
- You will find a secure link in the SMS, please click it
- Click on “Bank account details”.
- Insert your banking information (bank account details).
If you have just received your Sassa grant: Congratulations! Keep in mind that one must pay for the SMS. There are some prepaid mobile numbers where you can get this SMS free. You should buy an active SIM card for Rs. 15/- for five SMSes and then register it in your name only. Once you have a prepaid mobile number registered, then you can use it to check your grant status online by making a visit to our portal.
At Absa ATMs, how do I withdraw Sassa’s money?
You need to follow the following instructions in order to withdraw the payment:
- The green light will flash around the slot where you should insert the card
- PIN code must be entered
- The ATM’s green button should be pressed
- Either an account with a current balance or an account with a checkbook
- You can enter the amount you wish to payout here
- Take your card out of the slot when money is withdrawn.
So, it means Sassa has been paying the fund directly to beneficiaries. But now beneficiaries can choose to collect their grant payment through many channels like post office boxes, ATMs, or online banking payments with e-banking solutions like Netbank, Ecocash, etc.