Change Sassa R350 Grant Payment: Over the past few years, it has become increasingly clear that unemployment is a significant problem in South Africa. Though there are a variety of factors that contribute to this issue, one key factor is the government’s role. The National Social Security Act (NSSSA) grants, which are intended to provide support to citizens, are not reaching many of those who need them. Despite these benefits being available, millions of South Africans are not receiving them.
The South African Social Security Agency (SASSA) is responsible for providing financial aid to eligible citizens. Recently, SASSA has implemented changes to their payment methods for grant recipients. This article will provide a detailed overview of these changes and how they will affect grant recipients.
Changes to Payment Methods
SASSA has announced that they will no longer be using cash paypoints for grant payments. Instead, grant recipients will be required to open a bank account or use a SASSA-approved electronic transfer system. This change will take effect on October 1, 2021.
Benefits of the Change
The move away from cash pay points is expected to have several benefits for grant recipients. Firstly, it will increase the security and reliability of grant payments. Electronic transfers are less susceptible to theft and fraud than cash payments. Additionally, recipients will no longer need to travel to a cash Paypoint to collect their grant, which will save them time and money.
Opening a Bank Account
For grant recipients who do not currently have a bank account, SASSA will be working with banks to make it easier for them to open an account. This will include waiving certain fees and providing assistance with the application process. SASSA will also be working with banks to ensure that recipients are not charged fees for receiving or withdrawing their grants.
Electronic Transfer Systems
SASSA has also approved several electronic transfer systems for grant payments. These include:
- SASSA Card: A debit card that can be used to withdraw cash or make purchases at participating merchants.
- SASSA Wallet: A mobile wallet that can be used to withdraw cash or make purchases at participating merchants.
- Direct deposit: Grant payments can be deposited directly into a recipient’s bank account.
How do I withdraw Sassa’s money from Absa ATMs?
To withdraw the payment, follow these instructions:
A green light will flash around the slot where the card should be inserted
Enter the PIN code
You should press the ATM’s green button
A current balance account or a checkbook account
The amount you wish to payout can be entered here
When withdrawing money, take your card out of the slot.
How do I change the payment method for my Sassa R350 online?
Beneficiaries have the ability to update their account information in order to transfer Sassa funds from a post office to a bank account. This way, they will receive their payments through their bank’s automated system. The process of changing the Sassa grant payment method can be done through the official website by following these steps: navigate to the “Annual Review” tab, click on “Apply for Changes”, and then select “Change Method”.
Sassa’s official website can be found at srd.sassa.gov.za
By scrolling down the page, you can update your banking details.
Enter your ID number in the blank column
Following that, your registered phone number will receive a message.
Please click the secure link in the SMS
Go to “Bank account details” and click on it.
You will need to enter your banking information (bank account details).
The change in payment methods for SASSA grants is an important step in improving the security and reliability of grant payments. Grant recipients will now have the option to receive their payments via electronic transfer, which will save them time and money. SASSA will be working with banks to make it easy for recipients to open an account and will be providing assistance with the application process. Additionally, SASSA has approved several electronic transfer systems for grant payments, including the SASSA Card, SASSA Wallet, and direct deposit.