Which Bank is Best to Receive the SASSA SRD R370 Payment?

Today, I am going to share the top 3 banks that you can use to get your SASSA SRD R370 grant payments. I have personally used each of them to receive my R370 payment. Based on my personal experience, I will also share each bank’s pros and features. So, let’s start our guide.

Why Do You Need a Bank Account for SRD Grant Payment?

Before we discuss the 3 most convenient banks in South Africa for SRD grants, let me explain why you should have a bank account to receive your SRD grant payment.

SASSA Status Check

Faster Payments: Payments go directly into your bank account, saving you the time and hassle of standing in long queues at post offices or payment points.
Safety and Security: A bank account ensures that your money is protected. You don’t have to carry cash around, which reduces the risk of theft or loss.
Easy Access to Funds: With a bank account, you can access your grant anytime through ATMs, online banking, or mobile banking apps, making it more convenient.
Record Keeping: Your bank account provides a clear record of payments, which helps you track your finances and confirm when the grant is paid.

Best Banks to Receive SASSA SRD R370 Grant Payment in 2025

Here is a list of all the top-rated banks that are offering lower fees and free mobile banking apps to clients.

1- TymeBank

TymeBank is an excellent choice for receiving your SASSA SRD R370 grant payments because of its convenience and cost-effectiveness. Here’s why:

Quick Access to Funds:
- TymeBank allows you to access your grant money easily using a USSD code, mobile app, or Internet banking. You don’t need to visit a bank branch or wait in long lines.

No Monthly Fees:
- With TymeBank, there are no monthly fees to withdraw your money. This means you can use all your grant funds without worrying about hidden charges.
Easy-to-Use Mobile App:
- The TymeBank app is user-friendly and makes it easy to manage your account. You can check your balance, transfer funds, pay bills, and even track your spending through the app.

How to Get Your SASSA SRD Grant Paid Through TymeBank

Follow these simple steps to set up your TymeBank account for receiving your SRD grant payments:

Find a TymeBank Kiosk
- Locate the nearest TymeBank kiosk. These kiosks are available in many Pick n Pay, Boxer, or TFG (The Foschini Group) stores across South Africa.
Open a TymeBank Account
- If you don’t already have a TymeBank account, you can open one at the kiosk. The process is quick, and you’ll get your bank details immediately.
Download Your Bank Account Statement
- After setting up your account, log in to the TymeBank mobile app or use internet banking to download your bank account statement. This document will serve as proof of your account details.
Submit the Form to SASSA
- Visit your nearest SASSA office and submit your bank account statement. Inform them that you want your SRD grant payments to be deposited into your TymeBank account.
Wait for Confirmation
- SASSA will process your request and confirm when your SRD grant payments will start going into your TymeBank account.

2- Postbank

Postbank is a reliable option for receiving your SASSA SRD R370 grant payments, offering convenient features and services designed to meet your needs. Here’s why it’s a great choice:

24/7 Customer Support
- Postbank provides round-the-clock customer support to assist you with any issues or questions about your grant payments, ensuring you always have access to help when you need it.
No Hidden Fees
- With Postbank, you don’t have to worry about unexpected charges. The bank is transparent, meaning you can keep more of your money without deductions.
Tap-and-Pay Prepaid Card
- Postbank offers a convenient prepaid card that allows you to make payments with just a tap. You can use the card at stores or ATMs for easy access to your grant money.

How to Get Your SASSA SRD Grant Paid Through Postbank

Follow these steps to set up your Postbank account for receiving your SRD grant payments:

Visit a Postbank Branch
- Locate and visit your nearest Postbank branch to open an account. If you already have an account, skip to step 3.
Receive Your Prepaid Card
- Once your account is set up, you will receive a Tap-and-Pay Prepaid Card. This card allows you to access your funds and make transactions easily.
Download Your Bank Account Statement
- Use the Postbank mobile app or visit a branch to get a copy of your bank account statement. This document will confirm your bank details.
Submit Your Details to SASSA
- Take your bank account statement to the nearest SASSA office and inform them you want to receive your SRD grant payments through Postbank.

3- Capitec Bank

Affordable Banking
- Capitec keeps costs as low as R5. There are no big monthly charges, so you can save more of your grant money.
User-Friendly Mobile App
- The Capitec app is easy to use and helps you manage your account from anywhere.
Real-Time Notifications
- You’ll get instant SMS or app alerts whenever money is deposited or withdrawn. This helps you keep track of your grant payments.
Many ATMs and Partner Stores
- Capitec has ATMs across South Africa and partners with many retail stores, so you can withdraw cash easily.
Paperless Banking
- Open an account or do transactions online without needing to visit a branch, making banking faster and more convenient.

How to Get Your SASSA SRD Grant Paid Through Capitec Bank?

Follow these simple steps to start receiving your SRD grant payments through Capitec:

Open a Capitec Account
1. Visit your nearest Capitec branch or download the Capitec Bank app from the app store.
2. Follow the instructions to create an account. Make sure you have your ID and phone number ready.
Get Your Bank Account Statement
1. Once your account is active, use the Capitec app to download a bank account statement. This document confirms your account details.
Submit Your Bank Details to SASSA
1. Visit a SASSA office and give them your Capitec bank account statement
2. Tell them you want your SRD grant payments to be sent to your Capitec account.

F.A.Q

How to get TymeBank SASSA payments for r370?

You need to have an active TymeBank account to receive the SRD r370 payments.

Which bank does SASSA use for r370 payment dates?

SASSA uses the Postbank to send the SRD R370 payments to the beneficiaries.

How do you change the banking details for SASSA R370?

You can change your banking details on the srd.sassa.gov.za website.

Can I get my r370 at TymeBank?

Yes, you can get your r370 at TymeBank.

Which Bank is Best to Receive the SASSA SRD R370 Grant Payment?