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.
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. Letโs 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:
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 โHow 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 โHow do I change my banking detailsโ and click the โSubmitโ 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:
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:
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.