GrantAdvance By TymeBank for SASSA Grant Beneficiaries
TymeBank has introduced an amazing facility for the beneficiaries of the SASSA grant. Now they can apply for an advance loan payment from TymeBank if they receive their grant payment in their TymeBank account.
GrantAdvance is a new facility from TymeBank for the SASSA beneficiaries. Now they can borrow up to R1 000 from TymeBank if they are out of money.
If your SASSA status check is approved and you have already spent the previous SASSA grant payment, then you can avail the advance payment option of TymeBank.
Let’s find out how to apply for this grant advance payment and who is eligible.
What is the GrantAdvance Facility from TymeBank?
The “Tyme” (Take Your Money Everywhere) was founded in 2015 with the aim of providing affordable banking services. This is a digital bank that has no physical branches. However, the headquarter is located at Rosebank, Johannesburg.
The bank is offering minimal to no banking charges, like a monthly fee and low-cost banking services. The bank is now offering a service where beneficiaries of SASSA social grants can avail a loan of up to R1 000 each month.
This offer is called “GrantAdvance” and it is very easy to avail. There are no documents or other complicated tasks required to get this advance payment from the bank.
Who is Eligible for GrantAdvance?
- All SASSA grant beneficiaries
- TymeBank account holders
You must have a TymeBank account to avail of this offer.
How to Apply for GrantAdvance from TymeBank?
There are two ways to get this grant payment. One is using the TymeBank Android app, and the other is dialing the USSD code on your phone. Let’s explore both ways:
1) Get GrantAdvance with USSD Code:
If you don’t have an Android phone or internet, then you should choose the USSD code option to apply for this grant advance payment. The method is explained below.
- Open the dialer of your phone.
- Dial *120*543# and press the “Yes or Call” button.
- A menu will appear on your screen with a different number of options.
- You need to choose the option number “4”.
- After that, you will see the option “SASSA Grant Advance” to choose it.
- Your grant advance will be credited to your account.
2) Use the Android App of TymeBank
You can also use the mobile banking app of TymeBank, which is only available for Android users.
- Download the app from the Google Play Store.
- Install the app and login with your account details.
- Now look for the option “GrantAdvance”.
- Tap on the “Apply” button.
- Your request will be submitted, and the advance payment will be deposited into your account immediately.
Please note: TymeBank will automatically deduct the full advance amount from your next grant payment. This deduction will occur as soon as your grant is received. There is no interest charged on this advance.
How to Use TymeBank for SASSA Social Grant Payments?
If the GrantAdvance offer has attracted you and you also want to apply for the advance payment, then you need to have a TymeBank account. The guide is mentioned below.
1) Open a TymeBank Account Online
- Visit the Official Website: Go to www.tymebank.co.za.
- Click “Open an Account”: You’ll find this button on the homepage.
- Enter Your Details: Fill in your South African ID number, phone number, and personal information.
- Create a Secure Password: Set up a strong password to protect your account.
- Verify Your Identity: You may need to upload a selfie and a photo of your ID for verification.
- Get Your Account Number: Once verified, you’ll receive your new TymeBank account number instantly.
2) Open an Account at a TymeBank Kiosk
- Visit a Pick n Pay or Boxer Store: Go to your nearest store with a TymeBank kiosk.
- Bring Your ID Book/Smart Card: You must have a valid South African ID.
- Use the Kiosk to Register: Follow the on-screen instructions to open your account.
- Get Your Bank Card Instantly: Once completed, the kiosk will print your free Visa debit card on the spot.
3) Change Banking Details to TymeBank
- Visit SRD Website: Go to srd.sassa.gov.za.
- Look for “Change Banking Details”: Look for the option “Change Banking Details” and click on it.
- Get OTP: Now enter your phone number to get the PIN and verify your phone number.
- Submit New Bank Details: Provide your bank account details and submit the form.
How to Switch Your SASSA Payments to TymeBank?
1) Open a TymeBank Account
- Go to any of these stores: Pick n Pay, Boxer, Jet, Markham, Exact, or Sportscene.
- Look for a TymeBank Ambassador. Find an ambassador, as they will help you open your account easily.
- You will also receive:
- Your bank account details
- A switch form is already filled in for you
- A proof of account document
2) Submit Your Documents to SASSA
- Take your switch form and proof of account to your nearest SASSA office.
- Submit the documents to request switching your SASSA payments to your new TymeBank account.
Now all of your next SASSA payments will be deposited into your TymeBank.
Benefits of Using TymeBank for SASSA Social Grant Payments
No Monthly Fee
TymeBank offers zero monthly maintenance fees, helping you keep more of your money.
24/7 Access and Availability
You can access your money anytime via the mobile app, USSD code, or partner ATMs, no need to wait for banking hours.
Easy to Use
The bank offers a user-friendly mobile app and USSD service, making banking simple even without internet access.
Instant Advance Option
With the GrantAdvance feature, you can get up to R1 000 in advance before your next grant payment.
Free Visa Debit Card
You get a free debit card at kiosks in stores like Pick n Pay and Boxer, making it easy to withdraw cash or shop anywhere.
F.A.Q
How to get GrantAdvance?
You need to open the Android app or dial the USSD code to get this advanced payment.
Where can I open a TymeBank account?
You can visit the Pick ‘n Pay, Jet, Boxer, Exact, Markams (TFG), and Sportscene stores to open a TymeBank account. Or you can also visit the official website of the bank to open an account online.
Can I repay the payment in parts?
No, TymeBank will deduct the complete payment in one go.
