Which Bank Does SASSA Use for Social Grants?

Are you tired of late payments, long queues, or banking fees eating into your SASSA grant? Let’s break down which banks SASSA uses in 2025 so you can choose the best one to receive your money faster, with no hassle and no hidden costs.

Which Bank Does SASSA Use for Social Grants? (Quick Answer)

SASSA uses Postbank to pay most social grants through the SASSA Gold Card. For SRD R370 grants, you can choose any major South African bank—like TymeBank, Capitec, ABSA, or FNB—as long as the account is active and registered in your name.

Who Handles SASSA Social Grant Payments in 2025?

The South African Social Security Agency (SASSA) disburses grants every month to over 28 million beneficiaries, including older persons, children, and people with disabilities. The actual payments are handled by a few selected banks and service providers, most notably:

• Postbank (via the SASSA Gold Card)
• TymeBank
• Capitec Bank
• Nedbank
• ABSA
• Standard Bank
• FNB

Postbank remains the official partner for card-based grants, but for the R370 SRD Grant, SASSA allows payment into any registered bank account, as long as it’s in your name.

Best Banks to Receive the SASSA SRD R370 Grant in 2025

1. TymeBank

Why Choose TymeBank? It’s a low-cost digital bank with easy setup and fast payment access. Perfect for grant recipients who want convenient mobile banking.

Key Benefits:

• No Monthly Account Fees
  You can withdraw your funds without deductions, keeping your full R370 grant.
• Instant Access to Funds
  Use the TymeBank app or USSD (120543#) to access your grant without visiting a branch.
• SmartApp Features
  Track transactions, check balances, and send money instantly—all from your phone.

Steps to Use TymeBank for SRD:

1. Visit a TymeBank Kiosk inside Pick n Pay or Boxer stores.
2. Open a new account and get your banking details immediately.
3. Download a bank statement via the app.
4. Submit your statement to SASSA online or at their office.
5. Wait for confirmation via SMS before payments begin.

2. Postbank (SASSA Gold Card)

Postbank remains the default bank for most SASSA grants, especially for those who receive grants via the SASSA Gold Card. It’s state-owned and tailored to meet the needs of grant recipients.

Key Benefits:

• No Charges for SASSA Withdrawals
  Withdraw your grant at no cost at Post Office branches, retail partners, or ATMs.
• Tap-and-Pay Prepaid Card
  The Gold Card doubles as a debit card, usable at most retail stores and ATMs.
• 24/7 Support
  Postbank provides round-the-clock customer service for grant-related queries.

Steps to Get Paid via Postbank:

1. Visit a nearby Post Office or Postbank branch.
2. Apply for the SASSA Gold Card, linked to your grant.
3. Use the card to access your grant monthly.
4. You don’t need to submit bank statements—Postbank is already linked to SASSA.

📝 Note: Postbank cards expire in December 2025, but SASSA has extended their use for grant payments beyond this date.

3. Capitec Bank

Capitec is a favourite for low-income banking in South Africa and a popular choice among SRD grant recipients.

Key Benefits:

• Affordable Fees
  Monthly fees are under R5, making it a budget-friendly option.
• Real-Time Notifications
  Receive SMS alerts for deposits, ensuring you’re informed once SASSA pays.
• Widely Available
  Capitec has thousands of ATMs and partner retail outlets like Shoprite, Checkers, and Boxer.
• Easy Online Setup
  You can open an account on the Capitec app or at any branch—no paperwork needed.

Steps to Use Capitec for SRD:

1. Open a Capitec account via the app or in person.
2. Use the app to download a stamped bank statement.
3. Log into the SASSA SRD portal and upload your bank details.
4. Wait for SMS confirmation from SASSA.
5. Your R370 will be deposited directly into your Capitec account every month.

Can You Use Other Banks Like FNB, ABSA, or Standard Bank?

Yes, you can. As long as the account:

• Is in your name
• Has no restrictions
• Belongs to a registered South African bank

SASSA will transfer your grant to it.

However, some banks may charge fees, and not all offer real-time notifications or free withdrawals, so it’s important to compare options.

Why Choosing the Right Bank Matters?

Using the right bank can make a real difference:

Bank	Monthly Fees	Mobile App	Instant Access	Free Withdrawals
TymeBank	R0	✅	✅	✅
Postbank	R0	❌	✅ (with card)	✅
Capitec	~R5	✅	✅	Limited (R5+)

The best option depends on your needs. If you want a digital, fee-free experience, TymeBank is the way to go. For traditional access and support, Postbank is trusted. For low fees and wide reach, Capitec stands out.