Transfer Money from SASSA Card to Capitec Bank Account

You can easily transfer money from SASSA card to Capitec bank account at any time. Once your social grant or SRD grant is paid into your SASSA card, you can transfer it to any bank account, including Capitec, without restrictions.

There are two simple methods:

• Using the Postbank App or Internet Banking
• Manually withdrawing and depositing the cash

Transfer Money from SASSA Card to Capitec via Postbank App or Internet Banking

From your personal Postbank account, you can use the Internet Banking or the Mobile App to quickly transfer money from your SASSA card to the Capitec bank account. Postbank issues and manages the SASSA Card for beneficiaries.

1. Go to the official Postbank internet banking portal.
2. Enter your username and password to log in.
3. Select the “Transfers” or “Payments” option from the main menu.
4. You have to add your Capitec account as a new beneficiary before transferring money.
5. Select the “Add Beneficiary” option with these details:
   • Bank Name: Capitec
   • Account Number: Capitec account number (IBAN)
   • Account Type: Current or Savings
   • Branch Code: Capitec branch code
6. Postbank will send an activation code to your phone to confirm the new beneficiary.
7. Once your Capitec account is added, you can select it from your beneficiary list.
8. Enter the exact amount of money you want to transfer to your Capitec account.
9. Provide your payment reference, which indicates the reason for the transfer, such as:
   • Self Account
   • Salary
   • Rent Money
   • Gift
   • Purchase
   • Loan
   • Charity
10. Review all transaction details carefully to ensure they are correct.
11. Click Send, and you will receive a final Postbank verification OTP on your phone.
12. Enter the OTP code to confirm the funds transfer to your Capitec account.

Your money will be securely transferred within minutes, usually under three minutes. Once it is done, you will receive an SMS confirmation on your registered phone number, and your Capitec account will also be notified with full details of the received amount.

How to transfer money to Capitec using the Postbank App

Transferring money from the Postbank Mobile App works the same way as using Postbank Internet Banking. You have to log in to the Postbank app and navigate to the “Transfers” section from the main menu. Add the recipient bank account as a new beneficiary and enter the required details. Then, specify the amount you want to transfer and confirm the transaction to complete it. Once done, you will receive official SMS confirmation of the successful transfer.

Important Reminder: If your transaction requires a higher amount of SASSA balance, you can wait for the next SASSA payment date. Once your approved grant reflects, you will be able to complete your transaction smoothly.

Withdraw Cash from Your SASSA Card and Deposit into Capitec Account

Using a cash withdrawal, you can manually transfer your SRD R350 grant or any other social grant money from your SASSA card to Capitec or any other bank account. This is a simple two-step process.

Cash Withdrawal from Your SASSA Card

You need to withdraw the exact amount you want to transfer from your SASSA Card (Postbank Black Card) at your nearest Post Office, Postbank ATM, or partnered retailers such as Shoprite, Pick n Pay, Spar, Boxer, or USave.

Deposit Money into Your Capitec Bank Account

Go to a nearby Capitec branch or a deposit-taking ATM to deposit the withdrawn amount directly into your Capitec bank account. With this process, your funds reflect the same day, and you can keep the receipt as proof of deposit.

Note: If your SASSA Card declined, check this guide to resolve the issue quickly.

How to Get Your SASSA Grant Paid Directly to Your Capitec Bank Account

To receive your grant through Capitec, complete the Change Banking Details process and submit your Capitec account information, including the account number and branch code. This will make your grant deposit directly into your Capitec account each month.

SASSA provides multiple payment methods, including a personal bank account, SASSA card, and authorised retailer outlets. However personal bank is safer, faster, and eliminates the need for handling cash.

Note: Beneficiaries of SRD R370 grant and any other social grant can choose any personal bank account, such as Capitec, Absa, Standard Bank, FNB, Nedbank, or TymeBank, for safer and direct grant payments.

SASSA Status Check