TymeBank is one of the most accessible banking options for SASSA grant recipients who want to receive their payments through a convenient, digital banking platform. Many South Africans are switching to TymeBank because it offers no monthly fees and additional benefits like GrantAdvance for eligible grant holders.
Whether you receive the SRD R370 grant or other SASSA social grants, you can easily update your banking details to receive payments directly into your TymeBank account. This guide covers everything you need to know about the process.
Why Choose TymeBank for SASSA Payments
TymeBank accounts do not charge monthly maintenance fees, making them a cost-effective choice for grant recipients. The digital bank offers several advantages that make it attractive for SASSA beneficiaries.
- No Monthly Account Fees: Unlike traditional banks, TymeBank doesn’t charge monthly maintenance costs. This means more of your grant money stays in your pocket.
- Nationwide Access: You can withdraw your grant cash at any Pick n Pay supermarket or Boxer store nationwide using your TymeBank card. This gives you convenient access to your funds without searching for specific ATMs.
- GrantAdvance Feature: Eligible grant recipients can access up to R1,000 of their SASSA social grant at no cost, to be paid back when their next grant payment arrives. This interest-free advance can help during emergencies.
- Digital Banking Convenience: Manage your account via TymeBank’s app or online banking platform, making it easy to check balances and transfer money anytime.
How to Change SASSA Banking Details to TymeBank for SRD R370 Grant
For SRD R370 grant recipients, you can update your banking details online through the official SASSA portal. Here’s the step-by-step process:
- Visit the Official SASSA SRD Website: Go to srd.sassa.gov.za and navigate to the section titled “How do I change my banking details?”
- Enter Your ID Number: Type in your 13-digit South African ID number to begin the update process.
- Secure Link via SMS: A secure link will be sent to your registered mobile number. This link is essential for updating your bank details.
Update Your TymeBank Information – Click the SMS link and enter your new banking details:
- Bank Name: Select “TymeBank” from the dropdown list
- Account Number: Enter your TymeBank account number
- Branch Code: Use “0000,” as TymeBank operates digitally
- Account Type: Choose the correct account type
Submit and Confirm – Double-check all details before submitting. You’ll receive confirmation once the change is successful.
Changing Banking Details for Other SASSA Grants
For recipients of other grants such as the Old Age Pension, Disability Grant, or Child Support Grant, you’ll need to update your bank details for grant payments to TymeBank in person.
Required Documents – Bring these items to your nearest SASSA office:
- Your South African ID book or card
- TymeBank account confirmation letter or statement
- Proof of residence (if requested)
Complete the Banking Details Form – Request the “Consent to Change Banking Details” form, fill it out, and submit it along with your documents.
Processing Time – SASSA will process the update within 7 to 10 working days. You’ll be notified once your new bank details are linked to your grant.
How to Open a TymeBank Account for SASSA Payments
Before changing your banking details, you need an active TymeBank account. Here’s how to get one:
- Visit TymeBank Kiosks – Visit your nearest kiosk at most Pick n Pay, TFG or Boxer stores to open an account. You can also apply online at tymebank.co.za.
- Account Opening Requirements – You’ll need:
- Valid South African ID document
- Proof of residence
- Contact details including cellphone number
- Get Your Account Proof – Download and print your statement and proof of account from your banking app, then submit to your nearest SASSA office.
- SASSA Registration – Be registered with SASSA, if you are not registered, visit your nearest SASSA office to register.
TymeBank GrantAdvance for SASSA Recipients
Grant beneficiaries whose grants are paid into a TymeBank EveryDay Account can access R500 from their grant before the grant payment date. This service helps when you need money urgently.
Eligibility Requirements:
- You must have established an account with TymeBank
- Recipients are required to possess a biometrically verified account
- Your SASSA grant must be paid into your TymeBank account
- Grant Advance is not available to Social Relief of Distress (SRD) grant beneficiaries
How to Access GrantAdvance:
- You can make a request for an advance via your banking app (only Android) or from your cellphone using USSD by dialing *120*543#
- Grant Advance can generally be accessed during the last 10 days of the month, but it will not be accessible during the first 15 days
- Your requested advance will be deposited into your TymeBank account immediately
Repayment – Whatever money was withdrawn will be deducted from the EveryDay account when the account holder receives the grant payment from Sassa.
Important Requirements and Tips
- Account Ownership: SASSA payments are only processed to accounts registered in the beneficiary’s name. Ensure your TymeBank account matches your ID details.
- Verification Time: The verification process for SASSA change banking details for R350 grant or other social grants takes up to 10 business days.
- Double-Check Information: Incorrect information can delay your payments. Review all details carefully before submitting.
- Keep Documents Ready: Whether updating online or in person, ensure you have all the required documents.
Common Problems and Solutions
- SMS Link Not Received: If you don’t receive the secure link, check that your phone number is still active and registered with SASSA. Contact SASSA customer service if the problem persists.
- Banking Details Pending: If your SASSA banking details are still pending, it means that SASSA is verifying your bank account information. This process can take up to 10 working days.
- Payment Delays: Avoid changing banking details during payment periods as this can delay your grant. Update your details well before your expected payment date.
SASSA Payment Methods Available
Besides TymeBank, SASSA offers multiple payment methods:
Bank Account Options – Beneficiaries have the freedom to choose any bank in South Africa for their SASSA grant payments. Whether it’s Capitec, TymeBank, Standard Bank, African Bank, Investec, Postbank, or any other registered institution.
Alternative Payment Methods for those without bank accounts:
- SASSA Card: Use your SASSA Gold Card at ATMs nationwide
- Post Office Branches: Collect payments at nearby Post Office (SAPO)
- Retail Stores: Visit Pick n Pay, Boxer, Shoprite, Checkers, or Usave
Banking Details Change Process Timeline
Here’s what to expect when changing your SASSA banking details to TymeBank:
| Step | Timeframe | Action Required |
|---|---|---|
| Open TymeBank Account | Same day | Visit kiosk or apply online |
| Download Account Proof | Immediately | Use TymeBank app or internet banking |
| Submit to SASSA | Same day | Visit SASSA office or update online |
| SASSA Verification | 7-10 working days | Wait for confirmation SMS |
| First Payment | Next payment cycle | Check your TymeBank account |
FAQs About Changing SASSA Banking Details To TymeBank
Can I change my SASSA banking details to TymeBank online?
Yes, for SRD R370 grant recipients, you can change banking details online through srd.sassa.gov.za. Other grant recipients must visit a SASSA office in person.
How long does it take to process banking details changes to TymeBank?
SASSA generally needs approximately 7 to 10 days to confirm your new bank account information and to process payments accordingly.
Does TymeBank charge fees for SASSA grant deposits?
No, there is no fee associated with updating your SASSA banking details to TymeBank. TymeBank also doesn’t charge monthly account maintenance fees.
Can I get my SASSA grant early with TymeBank?
Yes, but only for certain grants. Grant Advance is not available to Social Relief of Distress (SRD) grant beneficiaries. Other grant recipients can access up to R500 early through GrantAdvance.
What happens if I enter wrong TymeBank details?
If you enter incorrect details, your payment will be delayed or returned. You’ll need to update your information again through the proper channels. Always double-check your account number and branch code.
Can I switch back from TymeBank to another bank later?
Yes, SASSA allows you to update your banking details again if needed. You can follow the same process outlined in the article to switch your account back to a different bank in the future.
Do I need a TymeBank card to access my SASSA grant?
Not necessarily. While a TymeBank card allows for ATM withdrawals at Pick n Pay and Boxer stores, you can still access your grant funds electronically through the TymeBank app for online payments and money transfers.
You need your South African ID, TymeBank account confirmation letter or statement, and completed SASSA banking details change form. Some offices may also ask for proof of residence.
Conclusion
Changing your SASSA banking details to TymeBank is a smart financial decision that can save you money on banking fees while providing convenient access to your grant funds. The process is straightforward whether you’re updating online for SRD grants or visiting a SASSA office for other grant types.
Take advantage of TymeBank’s fee-free banking and consider the GrantAdvance feature if you’re eligible. Always ensure your account details are accurate and allow sufficient processing time for changes to take effect.
