How to Transfer Money from a SASSA Card to Capitec Bank Account

Are you curious how to transfer payments from your SASSA card to your Capitec account? Today, I will guide you on how you can link your SASSA card to the Capitec account using SASSA website.

How to Transfer Money From SASSA Card To Capitec Bank Account

You can also transfer grant payments manually. It involves physically submitting the stamped Annexure C form to the SASSA office to transfer the social grant directly to your Capitec Bank account.

I will share the step-by-step guide for online and in-person methods, useful tips, and the benefits of using this payment method. Letโ€™s read the article!

Requirements to Transfer Money from SASSA Card to Capitec Account

So, before linking your SASSA card to the Capitec, you must fulfill these requirements:

  • You must have an active SASSA card.ย 
  • You should remember your Capitec account number, type, and branch code.ย 
  • You must have an account in Capitec Bank because SASSA will not send payments to someone elseโ€™s account.

Methods to Transfer Grant Money from SASSA Card to Capitec Bank Account

After fulfilling the requirements, you can proceed to transferring SASSA card money to your Capitec account. It can be done using online method or by visiting the SASSSA office. I will explain you both methods in details.

1. Online Method to Transfer Grant money to Capitec Account

Out of the above-mentioned methods, the online one is more convenient. I will walk you through the process in detail. You just need to follow these steps:

Step 1: Go to the SASSA Website

Start by visiting the official SASSA website and finding the โ€œHow do I change my banking detailsโ€ section. You can open the website by clicking the link.

Step 2: Enter your ID

Next, enter your 13-digit South African ID below the heading โ€œHow do I change my banking detailsโ€ and click the โ€œSubmitโ€ button. You will see a form to change your banking details on the next page.

Step 3: Fill the Form

Now, fill out the form to change your banking details for the SASSA grant. Here, you will type your ID and SASSA registered phone number.

Step 4: Receive the SMS

After that, the SASSA will send you an SMS containing a 6-digit OTP. Enter this OTP on the SASSA website to verify your PIN.

Step 5: Enter Capitec Bank Account Details

Next, enter the correct details of your Capitec Bank Account, such as account number, branch code, and account type on the website.

Step 6: Submit the Form

Now, after entering all the bank account details, submit the form.

After that SASSA will verify your banking details approximately in a week, after confirmation, they will send the grant amount to your Capitec account.

2. In-Person Method for Sending Payments to a Capitec Bank Account

If you do not want to use the online method, you can also transfer your grant from the SASSA card to the Capitec account by visiting the SASSA office. Please go through these steps:

Step 1: Get the SASSA Annexure C Form

First, visit your nearest SASSA office and get the Annexure C Form. You can also download it from the SASSA website.ย 

This form is mandatory to receive your grant money in the Capitec Bank or any other bank account.

Step 2: Stamping of the Form

Next, go to your nearby Capitec Bank branch to fill out and get the bank verification stamp on the SASSA Annexure C Form. 

This stamp confirms that you have an active account in the bank and can receive a SASSA Social grant through it.

Step 3: Submit the Stamped Form to the SASSA Office

Now, visit the SASSA office to submit the stamped form with your bank statement and fingerprint verification.

Step 4: Receive Your Grant in the Capitec Bank Account

After receiving the stamped form, SASSA will verify your bank account details. It will send a confirmation message to your registered phone number. Then, the SASSA team will confirm your account details. It can take five to seven days. After verification, you will receive the grant payments directly into your Capitec Bank account. You can withdraw this money through a Capitec Bank ATM card.

Note: SASSA will take a few days to verify bank details before transferring money to the Capitec account. So, you have to wait.

Important Points to Note

After understanding the complete process of grant transfer, you should also keep in mind the following important points:

  • Official SASSA Annexure C Form: Use only the Official SASSA Annexure C form.SASSA will not accept unofficial Annex forms.
  • Correct Information: Fill out the correct information. You can not get your grant payment with incorrect information.ย 
  • Keep the Record: Keep the photocopy of your submitted form in your record for future use.ย 
  • Funds Transfer Limit: The standard transfer limit of a Capitec account is R1000.
  • PIN Reset Fee: There is a fee of R10 to reset your Capitec Account PIN.

What are the Benefits of using the Capitec Bank Account?

Transferring your grant to the Capitec Bank Account will also provide you the following benefits:

  • You will get grant money in your bank account. So, you do not have to wait in cash queues outside the SASSA office.ย 
  • It will be possible to withdraw the grant amount anytime with a Capitec Bank ATM card without visiting the SASSA office or Post Office on a specific day.ย 
  • You can manage your finances better due to the SASSA grant direct transfer to your account.ย 
  • The facility to access your grant funds online through mobile banking.ย 
  • You do not need to pay any fee for SASSA grant withdrawal. Similarly, there is no fee to transfer the money from the SASSA card to the Capitec Bank account.

Conclusion

In conclusion, transferring money from your SASSA card to a Capitec account is simple and convenient, whether you choose the online or in-person method. By following the steps in this guide, you can ensure your grant is sent directly to your Capitec account, allowing for easy access, improved financial management, and hassle-free withdrawals. Remember to have the required documents ready and provide accurate information for a smooth transfer process.

FAQs

No, the Capitec account must be in your name. SASSA only allows transfers to accounts that match the grant recipient’s personal details.

After you submit the Annexure C form or complete the online process, SASSA typically takes 5-7 days to verify your bank details before the funds are transferred to your Capitec account.

No, there is no fee for transferring funds from your SASSA card to a Capitec account. However, there is a R10 fee if you need to reset your Capitec Account PIN.

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *