Switching SASSA Payout To Timebank/Capitec/Postbank

If you receive a social grant from the South African Social Security Agency (SASSA), you know how important it is that your payment arrives safely, on time, and through a channel you trust. Whether you’re considering TimeBank, Capitec, or Postbank, switching your grant payment method can make a real difference in convenience, costs, and reliability.

This guide walks you through what you need to know, how to make the change, and what to expect along the way.

Your Options: TimeBank, Capitec, or Postbank

You’ll want to weigh your choices carefully before making the switch.

  • TimeBank – Known for its low-cost, paperless accounts. You can open an account at a kiosk in major retailers like Pick n Pay or Boxer.

  • Capitec – Popular for its affordability and nationwide ATM/branch network. Their Global One account is widely used by grant beneficiaries.

  • Postbank – Still directly linked to SASSA. Postbank accounts are designed for grant payments.

TymeBank SASSA Payments Online

How to Switch Your SASSA Payout

Switching isn’t automatic—you’ll need to follow a few steps.

Step 1: Open a Bank Account

If you don’t already have an account, visit TimeBank, Capitec, or Postbank and apply. You’ll need:

  • Your South African ID (green barcoded ID book or smart card)

  • Proof of residence (not older than 3 months)

  • Cellphone number

Step 2: Get Proof of Bank Account

Ask the bank for a stamped confirmation letter or bank statement. This document shows SASSA where to deposit your grant.

Step 3: Complete the SASSA Annexure C Form

Download and fill out the Annexure C (bank payment) form from the SASSA website or collect it from your nearest SASSA office.

Step 4: Submit to SASSA

Step 5: Wait for Processing

It usually takes one to two months for SASSA to update your payment method. In the meantime, you’ll still receive your grant in your old payment method.

Why Switch Your SASSA Payment Method?

SASSA allows beneficiaries to choose where their grants are paid. While many still collect at Post Office pay points, more people are opting to have money deposited directly into a bank account.

Here are a few reasons you might want to switch:

  • Fewer queues and less travel – Going directly to your bank means you avoid long lines at pay points.

  • Safer access – Your funds are secured electronically instead of being withdrawn in cash on the spot.

  • Flexibility – You can withdraw at ATMs, make card payments, or use mobile banking.

  • Lower fees – Some banks offer zero or reduced transaction fees on SASSA-linked accounts.

Switching your SASSA payout to TimeBank, Capitec, or Postbank can save you time, reduce fees, and make your monthly grant more secure. The process may take a few weeks, but once complete, you’ll enjoy flexible and convenient access to your money.

If you’re ready to make the change, gather your documents, open the account that works best for you, and submit your details to SASSA. It’s a small step now that can make your future payouts much smoother.