sassa and nedbank 2023-2024

sassa and nedbank 2023-2024

SASSA (South African Social Security Agency) and Nedbank have collaborated to facilitate the payment of social grants to beneficiaries in South Africa. Nedbank serves as one of the authorized payment service providers for SASSA grants, including the various social assistance programs such as the old age grant, disability grant, child support grant, and others.

Here are some key points regarding the relationship between SASSA and Nedbank:

• Payment Method: SASSA beneficiaries have the option to receive their grant payments through a SASSA-branded debit card, which is issued in partnership with Nedbank. The card can be used to withdraw cash at ATMs, make purchases at point-of-sale (POS) devices, and perform other banking transactions.
• Account Opening: Beneficiaries who choose to receive their grants through the SASSA debit card will have an account automatically opened for them with Nedbank. This account is specifically designed to facilitate the grant payments and related financial services.
• Banking Services: The Nedbank account linked to the SASSA debit card provides beneficiaries with basic banking services, including balance inquiries, mini-statements, and the ability to deposit money into the account.
• Fee Structure: The SASSA debit card and associated Nedbank account may have certain fees and charges, such as withdrawal fees, balance inquiry fees, and transaction fees. These fees are typically regulated and subject to approval by SASSA.

It's important to note that the specific terms and conditions, fees, and services related to the SASSA debit card and Nedbank accounts may vary and are subject to change. It is advisable to refer to the official SASSA website (www.sassa.gov.za) or contact the SASSA helpline at 0800 60 10 11 for the most accurate and up-to-date information regarding SASSA grant payments and the partnership with Nedbank.

SASSA ( South African Social Security Agency) Contact Information: