13 April 2023
SASSA grant beneficiaries with gold cards expiring in the next few months can avoid long queues and payment mishaps by switching their payments, free of charge, to a Shoprite Money Market Account – South Africa’s lowest cost, fully fledged, transactional bank account.
In four easy steps grant holders can open an account and switch their SASSA payments:
- Register:
- Dial *120*3534# OR
- WhatsApp 087 240 5709 OR
- visit the in-store Money Market counter OR
- download the Shoprite app.
- Sign in & download your Bank Confirmation Letter.
- Download the SASSA form here or collect one at the Money Market counter in any Shoprite or Checkers supermarket.
- Take your printed Bank Confirmation Letter, completed SASSA switch form and original ID to your nearest SASSA office.
![A young lady looking at her phone outside a Shoprite store.](/newsroom/2023/sassa-grant-into-money-market-account/_jcr_content/root/container/container_623787083/container_146590027/image_copy_455952545.coreimg.jpeg/1685363686985/sassa-money-market.jpeg)
Grant recipients will get up to R100 in Shoprite vouchers when their first SASSA grant of R800 or more, is paid into their Money Market Account.
The benefits of a Money Market Account include:
- No monthly fees. Clients only pay a flat R5 fee for cash withdrawals. All other transactions are free and no other South African bank account matches this offer.
- Clients have full control over their money through SMS payment notifications and real-time balance enquiries on their phone.
- Skip long queues and high fees at ATMs by depositing and withdrawing cash at any of the more than 25 000 till points at Shoprite, Checkers and Usave supermarkets nationwide.
- Clients don’t pay any fees to send money, buy airtime, data, electricity, send grocery vouchers, pay bills and pay for groceries from their phones.