SASSA Grant Advance: Early Access To R500 Via TymeBank

As an SASSA grant recipient, you may have found a situation where you spend all your grant money before the end of the month. Now, you need an extra amount to cover your expenses.

Do not worry! You can receive your social grant before the end of the month through the Grant Advance facility introduced by Tymebank. By using this option, you can receive up to R500 grant money from the 20th to the 29th date of that month without paying any extra charges.

You must have an active Tymebank account and selected it as your SASSA payment method to avail this benefit. You can get this amount through online banking or by dialing the USSD code on your phone. You will repay it from your next month’s grant payment.

I will help you understand the criteria for receiving this grant advance payment, the process of switching your grant payment to Tymebank, and the pros and cons of the grant advance payment. Let’s read the blog.

What is Grant Advance?

In the grant advance, you can access your SASSA grant money up to R500 through your TymeBank account a few days before the official payment date.

You will pay back this amount from your next month’s grant payment. Therefore, you will not pay any banking service charges for it. You can use this facility between the 20th and 29th day of the month.

Criteria to Receive Grant Advance

You can get your payments through Grant Advance if you fulfill the following criteria:

SASSA Grant Type: The Grant Advance option is not for all SASSA grant types. For Example, the R350 COVID-19 grant recipients cannot get this grant advance.
Bank Type: You need a TymeBank account to get the Grant Advance.
Account Status: The grant recipients should need a biometrically verified SASSA account.
Grant Payment Method: You will switch your SASSA grant payment method to a Tymebank account.

How do you Switch to Tymebank to Receive a Grant Advance?

You need to change your grant payment method to TymeBank by following these steps to receive the grant advance:

Begin by creating your TymeBank account by visiting your nearby Kio at a TFG, boxer store, or Pick n Pay. You can also open an account through their website.
Next, become SASSA grant recipients (If you still need to) by visiting your nearest SASSA office.
Then, download and print your TymeBank account statement from your banking app and submit it to your close-distance SASSA office.
After that, request the SASSA staff that you want to receive your R350 grant in your Tymebank account.
Then, the SASSA team will change your grant recipient method to a Tymebank account within 7 to 10 working days after detailed verification.

How Can You Get a Grant Advance?

You can get the grant advance if you have selected Tymebank as your SASSA grant payment method. There are two ways to apply for a Grant Advance:

1. Get a Grant Advance via USSD Code

To get your SASSA grant in advance through code methods, you need to follow these steps:

Begin by dialing *120*543# on your mobile phone keypad.
Next, choose option number 4 from the given options.
Now select the SASSA grant advance option.
After that, sassa will deposit your grant money into your TymeBank account.

2. Collect Grant Advances With the TymeBank App

You can also withdraw your grant in advance through the TymeBank mobile app following this process:

First, log in to your TymeBank app.
Then, choose the “GrantAdvance” option and send a request for your grant amount.
Next, You will receive your grant money in your Tymebank account.

What are the Pros And Cons of SASSA Grant Advance?

Are you wondering if there are any cons to Grant Advance? Well, everything has two sides. When something has pros, it always has cons as well. The Grant Advance by TymeBank comes with the following pros and cons for its recipients:

Pros of Grant Advance:

There are following benefits that comes with Grant Advance:

Quick Access to Funds: You can access up to R500 from your social grant amount before the planned payment date.
No Service Charges: The TymeBank will not charge any withdrawal fee for your grant money.
Receive Grant with Ease: You can receive the grant advance anytime and anywhere by simply logging in to your TymeBank App or dialing the USSD code on your mobile phone.
Interest-Free: The advance grant money you receive is interest-free. So, it is different from loans with heavy amounts of interest.
Instant Financial Support: This grant payment option provides immediate financial support in an emergency.

Cons of SASSA Grant Advance:

You may have to face the following cons of the SASSA grant advance payment:

Reduced Next Month Payment: Taking a grant in advance will reduce the next month’s grant amount. It can affect your monthly household budget.
Financial Strain: After receiving this grant frequently, you may become dependent on this grant payment option, which can create financial pressure in the future.

Conclusion

In conclusion, the SASSA Grant Advance, available via TymeBank, offers quick, interest-free access to up to R500 for eligible grant recipients in need before month-end. With no extra fees and easy access through the TymeBank app or USSD code, this option provides immediate financial relief.

However, it may impact next month’s budget, as the advance amount is deducted from future payments. Be mindful of these pros and cons to ensure responsible use of the grant advance, so it can serve as a helpful resource when truly needed.

FAQs

No, the Grant Advance from TymeBank is interest-free and does not have any additional service fees. The amount is simply deducted from your next month’s grant.

No, the Grant Advance option is not available for R350 COVID-19 grant recipients. It’s only for eligible SASSA grants paid through TymeBank.

After submitting the necessary documents to a SASSA office, it typically takes 7-10 working days for the payment switch to TymeBank to complete.

How to Get SASSA Grant Advance: A Step-by-Step Guide

What is Grant Advance?

Criteria to Receive Grant Advance

How do you Switch to Tymebank to Receive a Grant Advance?