How to Change from SASSA Card to Bank Account Payment Method You can shift from Sassa card payment method to the bank account ,This article well Describe all procedures and Steps to Repace sassa card to bank account.
Why Switch from SASSA Card to Bank Account?
Switching from SASSA Card to Bank Account offers numerous advantages:
- Enhanced Security: Bank accounts often provide better security features than SASSA cards, reducing the risk of fraud and theft.
- Convenience: Bank accounts allow you to perform transactions such as online shopping, paying bills, and transferring money without needing to visit a physical location.
- Financial Services: Access to additional financial services like savings accounts, loans, and insurance products.
- Credit Building: Regular banking can help build a credit history, beneficial for future financial endeavors.
- Wider Acceptance: Bank cards are generally more widely accepted than SASSA cards, both locally and internationally.
SASSA Gold Card Expiry Key Announcements
The following key announcements were made by the Postbank –
- The validity of the cards will be extended instead of expiry. This means that the citizens won’t have to change their payment methods to receive and use the grant money. Other payment methods are often costly, and changing the payment method can be inconvenient for many people.
- The Postbank has advised citizens to ignore any misleading information regarding SASSA Gold Cards, including card replacement, which may mislead people into changing their payment method.
- The grants issued by the SASSA can be obtained by using this significant card from ATMs of banks, as well as retailers. There are many options to make withdrawals. This ensures that the citizens won’t have to face the inconvenience of standing in long queues, waiting for their turns to get their entitled money.
- As mentioned, one of the methods to get the grant money is through retailers. The retailers cannot force anyone to make purchases from their store after giving the grant. If this happens, the beneficiaries should report them. The beneficiaries have to right to use the grant money however they want.
- The SASSA Gold Card comes with various benefits that help the beneficiaries save unnecessary transaction costs.
SASSA Gold Card Benefits
The SASSA Gold Card offers many substantial benefits for the beneficiaries who receive SASSA grants. They get 3 free cash withdrawals each month at retail merchants, 1st free card replacement per annum, free PIN Resets, free mini statements at Post Office Branches, etc.
Type | Cost |
Deposits | Free (only SASSA Grants allowed) |
Retail merchants purchases | Free |
Full Statement at Post Office Branches | 1 Free Statement per month, R5 per Statement after that |
PIN Resets (SASSA Office) | Free |
Replacement Card | 1 Free replacement per annum, R26 after that |
Cash withdrawals at retail merchants | 3 Free withdrawals per month, R1.5 per withdrawal after that |
Balance enquiry | 1 Free Balance Enquiry per month, R1.6 per enquiry after that |
PIN Reset (Post Office branches) | 1 Free reset per annum, R3 per reset after that |
Monthly service/ledger fee | Free |
The complete information on the transaction costs, benefits, steps to apply, the latest news and updated information regarding expiry, requirements, and other associated things with the SASSA Gold Card can be learned through the authorized website of the South African Postbank.
How to Change Your SASSA Card to a Bank Account
Starting the Process at the SASSA Branch
Most people will obviously start here, to get more information on what’s needed to change their grant payment method from the SASSA gold card to another bank.
Here’s how the process is summarized:
- Visit the SASSA branch and get the payment method switched to bank form (Sassa Annexure C).
- Take the form to your preferred bank to complete and get stamped.
- Take the bank-completed form back to the SASSA branch to finalize the change request.
- When you’re done, the next payment will be paid into your new banking account information.
Starting the Process at the Bank
This is the less tedious and quicker process to update your grant payment method to a personal banking account.
- Go to the bank and inform the consultant you want to switch your grant payments to their account.
- They’re going to give you a letter (Proof of banking) that you can take to the SASSA branch to complete the switch.
- The SASSA consultant should be able to complete the switch with the letter from the bank without the need for the back and forth.
- And that’s it, you’ll get the next grant payments into your personal bank account.
For both processes, at the branch, you’ll need to use their biometric fingerprint to confirm the change request.