Transfer Money from SASSA Card to Capitec Bank
Transfer Money from SASSA Card to Capitec Bank. If you are a recipient of SASSA grant payments through your SASSA Gold Card and want to transfer your money to your Capitec Bank account, you have two main methods available to do so.
Whether you prefer withdrawing cash and depositing it into your Capitec Bank account or changing your payment method to receive payments directly, the process is simple, secure, and convenient.
Transfer Money from SASSA Card to Capitec Bank
There are two primary ways to transfer funds from your SASSA Gold Card to your Capitec Bank account:
- Method 1: Transfer SASSA Gold Card Money to Capitec Bank via ATM
- Method 2: Change Payment Method from SASSA Gold Card to Capitec Bank
Method 1: Transfer SASSA Gold Card Money to Capitec Bank
If you prefer to withdraw cash from your SASSA Gold Card and deposit it into your Capitec Bank account, follow these easy steps:
Step 1: Locate a Postbank ATM
To begin, find a Postbank ATM or any other ATM that supports Postbank card transactions. These ATMs can be found in post offices, shopping centers, and various public areas across South Africa.
Step 2: Insert Your SASSA Gold Card
At the ATM, insert your SASSA Gold Card into the card slot. Make sure the card is properly inserted so that the machine can read it without issues.
Step 3: Enter Your PIN
Next, the ATM will prompt you to enter your four-digit PIN associated with your SASSA Gold Card. Be sure to keep your PIN secure and never share it with anyone.
Step 4: Select the Transfer Option
After entering your PIN, the ATM will display a range of options. Choose the “Transfer Funds” or “Bank Transfer” option. This option allows you to move money from your SASSA Gold Card to another bank account.
Step 5: Enter Capitec Bank Account Details
You will now need to input your Capitec Bank account details. This includes:
- Capitec Bank Account Number: The unique account number linked to your Capitec account.
- Bank Name: Select Capitec Bank from the list of available banks.
- You typically won’t need an IBAN (International Bank Account Number) in South Africa unless specified.
Double-check the accuracy of the details to ensure your money is transferred to the correct account.
Step 6: Enter the Transfer Amount
Enter the amount of money you want to transfer to your Capitec Bank account. The ATM will display the amount for confirmation before proceeding.
Step 7: Confirm and Complete the Transfer
Review all transaction details before confirming the transfer. Once you’re sure everything is correct, confirm the transfer. The ATM will process your request.
Step 8: Collect Your Receipt and Card
After the transaction is complete, the ATM will print a receipt confirming the transfer. Keep this receipt for your records. The ATM will also return your SASSA Gold Card, so make sure to take it before leaving.
Step 9: Wait for Funds to Reflect in Capitec Bank Account
In most cases, the funds will reflect in your Capitec Bank account within a few minutes. However, it may take a few hours due to ATM processing times or banking system delays. If the money doesn’t show up immediately, give it some time and check your account again.
Method 2: Change Payment Method from SASSA Gold Card to Capitec Bank
If you want to receive your SASSA SRD grant payments directly into your Capitec Bank account (instead of using the SASSA Gold Card), you can change your banking details online. This method ensures that all future SASSA grant payments are deposited straight into your Capitec Bank account, eliminating manual transfers.
Follow these steps to update your payment method:
Step 1: Visit the Official SASSA SRD Website
Go to the official SASSA SRD website: https://srd.sassa.gov.za. This is the only official platform for updating your SRD grant banking details.
Step 2: Click on “Change Banking Details”
Once you’re on the homepage, scroll down to find the “Change Banking Details” option. Click on this to begin the process of updating your payment method.
Step 3: Enter Your Registered Phone Number
You will be prompted to enter the mobile phone number you used to apply for the SRD grant. This number is necessary to receive a One-Time PIN (OTP) for verification purposes.
Step 4: Verify Your Identity with OTP
SASSA will send a One-Time PIN (OTP) to your registered phone number. Check your SMS messages for the OTP, then enter it on the website to verify your identity.
Step 5: Choose Capitec Bank as Your Payment Method
Once you’ve verified your identity, you will be redirected to a page where you can select your preferred payment method. Choose Capitec Bank from the list of available banks.
Step 6: Enter Your Capitec Bank Account Details
You will need to enter the following Capitec Bank account details:
- Account Holder’s Name: Your full legal name as registered with Capitec Bank.
- Bank Account Number: The unique account number linked to your Capitec account.
- Account Type: Choose whether it is a savings or current account (most people use a savings account).
- Branch Code: The standard branch code for Capitec Bank is usually 470010, but it’s best to confirm with your bank.
Step 7: Submit the Form
Review all the details you’ve entered to ensure they are correct. Once verified, click the Submit button to finalize the change.
Step 8: Wait for Confirmation from SASSA
SASSA will process your request, and it may take a few days to update your payment method. You will receive an SMS confirming that your Capitec Bank account has been successfully updated. From the next payment cycle, your SASSA SRD grant will be deposited directly into your Capitec Bank account.
Important Details to Note
- Change SASSA card to bank account online: This process allows you to change your payment method directly on the SASSA SRD website.
- SASSA Capitec payment dates: Payments will be processed on a monthly cycle, and you should check the official SASSA website for any updates or changes to the payment schedule.
- SASSA banking details link Capitec Bank: Ensure your Capitec account details are correct when updating your banking information to avoid any issues.
Conclusion
Transferring your SASSA Gold Card money to Capitec Bank is a straightforward process that can be done at any Postbank ATM or by changing your payment method online. With these two options, you can easily manage your SASSA SRD grant funds in your Capitec Bank account.
