How to Change SRD R350 Grant Payment Method?

ByHakim Lethabo

On 17 Sep 2021, SASSA tweeted “Payment method for the special COVID-19 SRD grant can now be changed on any day of the month”. So it means now applicants can now change the payment method of their SRD R350 grant at any time they want. However, before this update, it was not allowed to change the method of payment on any data of the month. Also, beneficiaries had to change the payment method before the first week of every month. Before you change your banking details, you should check Sassa’s status for the R350 grant to make sure you are eligible for this social grant program.

But now, things have changed and now you can change your payment method on any day of the month. To know about how to change the SRD R350 grant payment method, read this guide.

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How to Change SRD R350 Grant Payment Method?

If you want to change your SRD R350 Grant payment method, you’re in luck! It’s a piece of cake. We will see how you can do it in six simple steps.

How to Change SRD R350 Grant Payment Method
  1. Visit srd.sassa.gov.za.
  2. Now scroll down and click on “How do I change my banking details”.
  3. Enter your mobile number and ID number.
  4. You will get a confirmation SMS with OTP that you need to submit.
  5. Now you will get a link where you can change the payment method.
  6. Click on that link and follow the prompts.

Once you have changed your grant payment method, now you can get paid in your preferred payment method. However, there are three options that you can use to collect your cash:

  • Bank Account (Direct deposit)
  • CashSend
  • Post Office (Cash in hand)
  • Virtual Cards

Use any of the above methods to get your SRD R350 Grant and enjoy the cash.

Note: SASSA also said that. “Beneficiaries of the COVID-19 SRD grant are encouraged to use their bank accounts to receive this grant to avoid overcrowding at the post offices.”

How to Collect SRD R350 Grant Cash?

If you want to get cash then you have only one option and that is the post office. You must visit your nearest post office and provide your Identity Document (ID) and SRD R350 Grant Reference Number. Once you do that, you will get your cash in hand.

To bypass queueing up at the post office and reduce overcrowding, opt for a bank account transfer or use CashSend. Not only is it safe and user-friendly but you don’t even have to leave your home.

How to Withdraw Money From Post Office Virtual Cards?

Virtual cards are very convenient when it comes to collecting your SRD R350 Grant cash. To withdraw money from your Post Office Virtual Card, use any of the following methods:

  1. Visit a Post Office branch and present your ID and card.
  2. Use an ATM to withdraw cash.
  3. Make purchases with the virtual card at retail outlets where MasterCard is accepted.
  4. Transfer funds directly into a bank account.

Moreover, users can get cash-back offers when they are shopping with their Post Office Virtual Cards. So, try this convenient and secure method to receive your SRD R350 Grant.

How to Withdraw Grant Money From a Bank Account?

When it comes to collecting your R350 grant, withdrawing via a bank account is a great option – easy and hassle-free! You won’t need to step foot outside of the house to receive your funds. Once you have updated your banking details, the money will automatically be transferred into your bank account.

This is also a very fast method. SASSA also stated that ” we are committed to expediting the collection of government payments by streamlining unnecessary procedures, in partnership with the National Treasury. Now we are working towards reducing the payment timeline to as low as we can.”

Here is how to withdraw money from your bank account:

  1. Visit your bank’s official website and log in to your account.
  2. Select the “Transfer Funds” option.
  3. Type in the amount you wish to withdraw and choose “Savings Account” as the transfer type.
  4. Click on “Confirm” and you will get your money instantly.

Also, you can use your bank ATM to withdraw money from your account. Just follow the prompts on your ATM screen, enter your card and PIN, select “Savings”, enter the amount you want to withdraw, and take your cash. That’s it!

Keep in mind that you need to use your bank account and you can not use another person’s bank account to get your cash. Many famous banks allow you to get your grant. Some of them are:

  • Capitec
  • ABSA bank
  • TymeBank
  • Fnb Bank
  • Standard Bank

Conclusion

In conclusion, the procedure of changing the SRD R350 grant payment method has become much easier now. SASSA allows applicants to change their payment method on any day of the month. Moreover, applicants can either go to the post office or use a CashSend/bank account to receive their money. If you’re looking to avoid long waiting lines at the post office, then opt for one of our other two payment methods so that your money is delivered both fast and securely.