So, you’ve been approved for the COVID-19 SRD grant, and you’re waiting for your payment. You might wonder what to do next if you have not received a payment date for January or earlier months. One simple action can help: SRD Grant Recipients Should Open Bank Accounts
Table of Contents
Why Opening a Bank Account Helps
Having a bank account makes it easier for SASSA to process your grant. When you open a bank account, you can update your details on the SASSA system. Consequently, this step can help you get your payments more quickly and securely.
How to Update Banking Details
Luckily, updating your banking details with SASSA is straightforward. First, head to the SRD website and look for the section “How do I change my banking details?” Fill out the form with your ID number, and soon after, you’ll receive an SMS containing a unique and secure link.
Follow the SMS Instructions
When you receive the SMS, it will contain a link that you’ll need to click. Make sure to follow all the instructions carefully. At this point, you’ll have a choice: Either select payment into a bank account or opt for a ‘money transfer’ through one of the major banks.
Verify Your Choices
Ensuring that the bank account or mobile number belongs to you is essential. SASSA can’t pay your grant to someone else’s account or mobile number. After you’ve made your choices and followed all the steps, the new banking details will be used for future payments.
Additional Information
Your new banking details will only apply to future payments. Also, these new details will take effect once you’ve completed the verification process mentioned above. So, make sure you follow each step carefully to avoid any hiccups.
Applying for the SRD Grant?
There’s still time if you still need to apply for the SRD grant. Visit the SASSA SRD Grant page to submit your application. This grant can be a crucial aid during these difficult times, and having a bank account can make the process smoother for you.
Frequently Asked Questions
Why should I open a bank account if I’m an SRD grant recipient?
Opening a bank account allows SASSA to quickly and securely process your grant payments. Having a bank account lets you easily update your details on the SASSA system, speeding up your payment timeline.
How do I update my banking details with SASSA?
You can update your banking details by visiting the SRD website. Once there, scroll down to the “How do I change my banking details?” section and fill in your ID number. You’ll receive an SMS with a unique link; follow the instructions provided in the SMS.
Can I select the ‘money transfer’ option instead of a bank account?
Yes, you can opt for a ‘money transfer’ through one of the major banks. Just ensure that your mobile phone number is registered in your name, as SASSA can’t pay into another person’s registered mobile.
What if I still need to apply for the SRD grant?
If you still need to apply for the SRD grant, visit the SASSA SRD Grant page. Once you’ve applied and been approved, remember to open a bank account to expedite your payment process.
Will my new banking details be used for past payments?
No, the updated banking details will only be applied to future payments. These new details will become active once you’ve completed the verification process described in the article
Conclusion
If you’re a recipient of the COVID-19 SRD grant and are still waiting for your payment, opening a bank account can be a game-changer. Doing so will speed up your payment process and offer a secure method for you to receive your grant. The steps to update your banking details with SASSA are straightforward, requiring only a visit to the SRD website and following some simple instructions sent via SMS. Opening a bank account adds an extra layer of convenience and security, making it a smart move for any SRD grant recipient.
