How to Transfer Money from SASSA Card to Capitec?

Are you currently receiving your South African Social Security Agency (SASSA) grant via SASSA Card and want to transfer funds directly to your Capitec bank account? The good news is that switching your payment method is simple. However, it’s important to follow the correct procedure and inform SASSA before proceeding.

To initiate the process, you’ll need to submit your application along with the required documents to your nearest SASSA office. Once approved, your grant payments will be deposited into your Capitec account. Let’s dive into the quick step-by-step guide to explain how to transfer money from SASSA card to Capitec in a convenient way.

Table of Contents

1 About Capitec Bank Account

2 How to Transfer Money from SASSA Card to Capitec Bank Account?

3 Benefits of Transferring SASSA Funds to a Capitec Account?

4 How Long Does it Take for the Change in Payment Method to be Processed?

5 Things to Consider When Transferring Payouts from the SASSA Card to Capitec

About Capitec Bank Account

Capitec is one of the leading retail banks in South Africa. It offers multiple affordable financial services, including savings accounts, personal loans, and digital banking through its mobile app. With thousands of clients nationwide, Capitec has earned a reputation for developing innovative and low-cost banking services.

How to Transfer Money from SASSA Card to Capitec Bank Account?

1- By Changing Payment Method?

Fill the Annexure C Form

Annexure C is an official SASSA form that allows beneficiaries to request a change in their payment method from a Card to a personal bank account. Filling and submitting this form to SASSA is the first and most crucial step in updating your payout method.

The beneficiary needs to enter accurate personal details in the form, including their surname, full name, ID number, postal address, residential address (with postal codes), and contact details. Make sure to add all details correctly and sign the form to avoid your application rejection.

Moreover, you will have to complete the full procedure in person and submit the completed form to the nearby SASSA office. Once your application gets approved, your grant payments will be deposited directly into your Capitec account.

Get Your Annexure C Form Verified

After completing the Annexure C form with accurate details, visit your nearest Capitec branch for verification. A bank representative will review the information and sign the form, affixing the official bank stamp to confirm its authenticity. This step ensures that your account information is correct and ready for submission to SASSA.

Submit the Annexure C Form

Once all your details have been verified and the form has been signed and stamped by Capitec, you will submit it physically at the nearby SASSA office.

During your visit, SASSA officials will carry out biometric authentication using your fingerprints and thoroughly review your application. The agent may ask you some questions as part of the verification process to confirm your identity and eligibility.

After successful verification and biometric clearance, your Capitec account will be officially linked and activated to receive your future payments directly into it.

Wait for the Approval

The verification process may take some time, so it’s important to wait patiently for the approval of your request. However, your grant payment will be immediately deposited to your Capitec account after the acceptance of your application.

2- Transferring Money Via ATM

SASSA beneficiaries can easily transfer their funds from their Gold Cards to a Capitec bank account using an ATM. This process is simple and can be completed in a few steps mentioned below:

Find any nearby ATM that supports Postbank card transactions. Insert your Gold card into the device and enter your 4-digit PIN code.
Multiple options will be displayed on the screen. Select ‘Transfer Fund’ to begin the transaction process.
Enter your bank details, such as your Capitec account number, International Bank Account Number (IBAN), and bank name with the branch code. Make sure to provide accurate information as false details will lead to transaction failure.
Enter the amount you want to transfer from your Gold Card to your Capitec bank account and hit the ‘Confirm’ tab. Your request will be processed and you will get the receipt of your transaction.
Once the transaction is complete, the ATM will return your card. Usually funds reflect in your account within a few minutes. If your Capitec account doesn’t show funds received within an hour, it's advisable to visit your nearest Capitec branch for assistance.

Benefits of Transferring SASSA Funds to a Capitec Account?

The SASSA card only allows cash withdrawals and doesn’t support direct deposits into a personal bank account. Shifting your payment method to a Capitec account offers several advantages:

Quick Access to Funds: Capitec ensures quicker access to your grant money through direct deposits into your bank account.
Enhanced Security Features: Your funds are more secure with Capitec’s advanced banking systems and fraud prevention measures.
Offers Convenience: Grant funds deposit directly to your Capitec account without needing to visit the office, hence providing more convenience.
Mobile Banking Service: With Capitec’s mobile banking facility, you can manage your funds, make transactions, and check your balances anytime without the need to queue at ATMs or Post Offices.

How Long Does it Take for the Change in Payment Method to be Processed?

Once you’ve submitted your Annexure C form in SASSA and your biometric verification is completed, the processing of your payment method change typically takes around a month. However, in some cases, the duration may vary depending on the verification process and the SASSA staff’s workload. You’ll get your next payments in Capitec when the request for change gets approved and updated in the system.

Things to Consider When Transferring Payouts from the SASSA Card to Capitec

Before transferring your payment method from SASSA Card to Capitec, keep the following tips in mind to ensure a smooth and successful process:

Always download the Annexure C form from the official SASSA website or get a copy free from your nearest SASSA office.
Make sure to provide accurate and true information in the Annexure Form. Incorrect details can lead to delays or even rejection of your application.
It is important to keep copies of your completed application and all supporting documents for future correspondence.
Double-check all columns in the form to be filled accurately and signed by the officials for verification.
SASSA does not accept online submissions of applications for switching the payment method. So, you must visit the office physically to complete the submission process.