SASSA Change Banking Details for R370

It is very important to update your SASSASRD r370 baking details. It is more than a formality because if your banking details are wrong or outdated, then you will never get your grant amount. So, to get your payment on time, it is compulsory for all applicants to update their bank details.

If you are a new applicant, then make sure all the details are correct so you can get your payment on time without any delay. In case your old bank account is closed and you want to open a new account, you still need to change your SASSA banking details so you can get your payment in new bank account.

Change srd.sassa.gov.za Banking Details

When you are looking for the change banking details, make sure you open the official website. Because it keeps you away from different kinds of fraud, like people can steal your personal information and make a scam. For your help, we also share the official website link to change the banking details along with the step-by-step guide.

1. Access the Sassa banking details Link:
   • Visit the official SASSA SRD portal at srd.sassa.gov.za/said
   • This site is your primary resource for all grant-related actions, including updating banking details.
2. Select Your Category:
   • Choose the appropriate category, either “South African ID Holder” or “Asylum Seekers and Special Permit Holders,” depending on your status.
3. Navigate to the Banking Details Section:
   • Click on the option labeled “How do I change my banking details” to begin the process of updating your information.
4. Verification Process:
   • Enter your South African ID number.
   • You will receive an OTP via SMS to the cellphone number registered with your application. Enter this OTP on the website to verify your identity.
5. Update Your Banking Information:
   • After verification, you will be directed to update your banking details, including bank name, account number, branch code, and account type.
     some banks: like TymeBank, capitec Bank, ABSA Bank,FNB, Standard Bank
   • If you do not have a personal bank account, you can opt for a ‘Cash Send’ payment option available through retailers like Pick n Pay, Shoprite, Checkers, or Usave.
6. Submit and Confirm the Changes:
   • Agree to the terms and conditions and submit your updated banking details.
   • SASSA will verify the new information and process your future grant payments accordingly.

Before you update banking details on the official website, we recommend that you double-check your form and make sure all the given details are accurate. And confirm that the account number, bank name, and the account holder name and spelling are the same as given on the official documents. Even a small mistake like writing your name in da different style or nick nickname can cause a delay or you will lose your payments.

Why Update Your Banking Details?

• Change of Bank Accounts: You need to change or update banking details in these cases, like you change your bank account, close of bank account, or set up a new bank account.
• Updating Personal Information: Any changes in personal information can necessitate an update to ensure that grant payments are not disrupted.
• Compliance and Security: Keeping your banking details accurate and secure is important to prevent fraud and ensure that you receive your funds without any issue

Change SRD Banking Details to Capitec

You need your SASSA grant payments every month on time without any kind of delay, so it is important to check that the bank details are accurate. And follow the proper guide first, you have to read the process carefully and follow the proper guidelines.

Step 1: Visit the SRD Website

Go to the official SRD grant portal:
https://srd.sassa.gov.za
This is where you’ll find all tools and resources to manage your grant details securely.

Step 2: Log In to Your SRD Account

Use your ID number and registered phone number to log in. Ensure the phone number matches the one you used during your SRD application for verification purposes.

Step 3: Access the ‘Change Banking Details’ Section

Once logged in, look for the ‘Change Banking Details’ option. Click on it to proceed.

Step 4: Enter Your New Capitec Banking Information

Fill in your Capitec account details carefully. You will need:

• Capitec account number
• Branch code (Capitec’s universal code is often used: 470010)
• Account type (usually Savings or Transactional)

Step 5: Verify Your Details

Double-check the entered information to avoid delays. Ensure that the account number and branch code are correct.

Step 6: Confirm with an OTP (One-Time Pin)

An OTP code by SASSA will be sent to your registered phone number for verification. Enter the code to confirm the update.

Step 7: Wait for Confirmation from SASSA

Once submitted, your new Capitec banking details will be processed. You will receive confirmation via SMS when the changes are successfully implemented.

Bank Verification Pending

It usually means SASSA has received your banking details but bank verification pending. Until this verification is done, the grant can’t be paid into your account. The process may take a bit of time, after which your payment will reflect once everything matches correctly.

Non Bank Payout Options

For people who don’t use a bank account, SASSA offers non bank payout methods like collection at retail outlets or the Post Office. These options allow beneficiaries to receive their grant in cash using their ID and phone number once the payment is approved. It’s a convenient alternative for those without formal banking.

How To Switch Payment Methods?

If you want to change how you receive your grant, SASSA allows you to switch from a bank account to other available payout methods like Capetic, tymebank and Post Bank. You’ll need to log in to the official SASSA portal, update your payment preferences, and confirm your details. Once approved, future payments will be sent through the new method you’ve selected.

Common Issues with Solutions

Here are some common issues and solutions related to SASSA banking details:

Incorrect or Incomplete Forms: Ensure that all forms are filled out completely and accurately. Double-check personal information for any errors or omissions before submitting.

Uncertified or Unclear Documents: Provide clear and certified copies of all required documents. Make sure that the copies are not blurry and that any certifications or stamps are visible.

Failure to Notify of Changes: Always inform SASSA promptly if there are any changes to your banking details, such as a new bank account or updated contact information, to prevent disruptions in payment.

Bank Verification Failures: If bank verifications fail, confirm that your account details are correct and match your registered information with SASSA. Contact your bank to ensure that there are no issues from their end.

Technical Glitches: Technical errors in the online system can occur. If persistent, contact SASSA support for assistance or try again later.

Time SASSA Takes to Approve Bank Details

The time it takes for SASSA to verify banking details can vary based on different sources:

1. General Verification Time:
   • Typically, SASSA’s bank account verification takes 3 to 5 days.
2. Case-specific Verification Time:
   • In some instances, verification may take 7 to 10 business days, especially when additional checks are needed.
   • It can take up to 14 days if there are issues with your bank details or depending on the banks involved.
3. Longer Processing Periods:
   • There are cases where verification might take 2 to 3 weeks or even up to a month, depending on the banks involved.
4. Specific to Changing Bank Details for SRD R350 Grant:
   • Verification for changing banking details for the SRD R350 grant or similar can take up to 10 business days.

It is important to ensure that the banking details provided are accurate to prevent delays in the verification process.