How to Transfer Money from SASSA Card to Capitec?

In the ever-evolving landscape of financial transactions, the South African Social Security Agency (SASSA) is urging recipients of social grants, including the SRD R350, to streamline their payment methods. It is now recommended that beneficiaries connect their bank accounts directly to receive grant money, eliminating the need to visit physical locations like the Post Office. Whether you hold a Capitec bank account or another, the option to transfer funds from your SASSA card to your bank account is readily available.

Streamlining Payments: The 2024 Approach

In 2024, the process to Transfer Money from SASSA Card to Capitec is straightforward and swift, requiring just a minute of your time. The essential step involves completing the SASSA banking details form, thereby transitioning your payment method from the SASSA card to your Capitec bank account for the SRD R350 social relief grant.

Key Requirements for the Transfer

To initiate the money transfer from your SASSA card to your Capitec account, ensure you have the following:

1. An active SASSA card.
2. Capitec account details, including account number, account type, and branch code.

Step-by-Step Guide

Follow these steps to seamlessly execute the transfer:

1. Visit the SASSA Change Banking Details Page: Head to the dedicated SASSA page designed for changing banking details.
2. Complete the SASSA Banking Details Form Online: Fill in the required information, including your 13-digit South African Identity Number and cell phone number.
3. Verify Your Identity: Enter the 6-digit OTP number sent to your phone and click ‘Verify Pin.’
4. Enter Capitec Bank Account Details: Ensure accurate input of your Capitec Bank account number, branch code, and account type.
5. Submit Your Form: Finalize your request to Transfer Money from SASSA Card to Capitec by submitting the completed form.

Post this process, SASSA will redirect your payments to your Capitec bank account instead of the SASSA card. This alteration in the payment method empowers you to receive SASSA funds directly into your Capitec bank account, starting from the next payment cycle.

Vital Notes for SASSA Card Holders

1. Ownership Verification: Opting for the bank account payment option, such as Capitec Bank, requires that you are the account owner. SASSA is unable to deposit grants into another individual’s bank account.
2. Mobile Number Registration: If you choose the money transfer option via major South African banks, ensure the registered mobile phone number receiving SMS notifications is in your name. SASSA cannot disburse grants into a mobile number registered to a different individual.
3. Verification Process Duration: Understand that the updated banking details will only apply to future payments after a 30-day verification period. You will be notified upon completion of the process.

In adopting this modernized approach to fund disbursement, SASSA aims to enhance efficiency while ensuring the security and accuracy of transactions. By embracing these changes, beneficiaries can seamlessly navigate the transition from traditional card-based payments to the convenience of direct bank transfers through institutions like Capitec in 2023.