Day-to-day advancement of technology introduces various ways to receive SASSA grants. If you are also one of those who want easy and quick payments, then TymeBank SASSA Payments is the best choice. You should read the details about TymeBank SASSA Payments Online before choosing. TymeBank is one of the best banks in South Africa and has also proven its name in the banking industry.
can i use tymebank for sassa
SASSA introduced the TymeBank SASSA Payments Online facility to the user so that they can receive their grant amount in their accounts on time. On the other hand, TymeBank gives loans to the user without any interest rate. So if you have a shortage of money at the moment or need money in an emergency then TymeBank provides you a non-interested loan and later on detected from your SASSA amount.
Eligibility for TymeBank SASSA Payments
There are no specific eligibility requirements for TymeBank SASSA payments. An applicant for the SASSA grant can access the TymeBank. And a grant holder who uses TymeBank is eligible for advance payments. Other SASSA grant holders may include the Child support grant and old age grant they can also access the facility of advance payment. Grant holder can get their SASSA allowances in advance. An advance of R500 is accessible in the last 10 days of the month by TymeBank on a short-term loan with no interest. The SASSA holders can also access the grant amount a few days before the payment date from the TymeBank. Check self exclusionary response found mean.
How to get TymeBank advance?
The SASSA grant holders who are registered at TymeBank and access their Everyday account can get the advance. SASSA supported the needy who faced financial issues after COVID-19. SASSA had given them a chance to grow from that poverty. So TymeBank is one the reputed banks that helps the grant holders at the end of the month. Usually, we all are out of budget on the last days of the month so the TymeBank gives them their payments in advance. This facility is valid only for the last 10 days of the month. They also borrow R500 from the bank. This money is deducted from their next month’s payment.
If you are a SASSA grant holder, then no eligibility criteria hold. You just need to download the statement letter that proves that you are using TymeBank to receive your SASSA grant payments otherwise it’s not possible. You can also use the online banking facility for transferring the grant amount to the TymeBank.
Is TymeBank payment interest-free?
Yes, the TymeBank payments are interest-free. Because these payments are accessible in an emergency. Often our monthly allowances are not enough due to some extra expenses and we run out of budget. If we suddenly face an emergency or an event for which we need money, then we take loans from banks with heavy interest. We spent a long time and amount for the loan and interest payment. Now don’t move towards this step because TymeBank helps you without any interest rate. It facilitates the SASSA grant holder by additional charges and doesn’t ask for additional payment (interest).
If you face a challenging time, the month is near to end, you are out of money and now worried about what to do. As you are a SASSA grant holder and a customer of TymeBank, you are lucky. TymeBank helps you with an R500 loan in the short term with no interest. Take it, fulfill your needs, and pass the time. The loan is deducted from your next payment. Read the procedure of sassa cancellation.
Final Words:
TymeBank SASSA Payments Online are the best and most advanced way of payment these days. The SASSA grant receivers who have a TymeBank account can get their payment in advance. If you are out of budget before the end of the month then you can get an advance of R500 from the TymeBank. No interest is charged over that advance. This advance is only for the help of grant holders so that they save from a long-term loan and interest. TymeBank deduct this loan from your next month’s SASSA grant because this is a short-term loan.
