14 September 2023
For a hassle-free experience, SASSA grant beneficiaries can switch their payments to a Shoprite Money Market Account and enjoy the many benefits offered by South Africa’s lowest-cost, fully-fledged, transactional bank account.
Switching is free of charge, and there are no obligations to sign up for any additional services.
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 stores 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.
![Two ladies looking at pamphlet.](/newsroom/2023/shoprite-money-market-sassa-pay-outs/_jcr_content/root/container/container_623787083/container_146590027/image.coreimg.jpeg/1694702725983/sassa-pay-outs.jpeg)
Grant recipients can switch their SASSA payouts to a Money Market Account in four easy steps:
- 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, Usave or Checkers store.
- Take your printed Bank Confirmation Letter, completed SASSA switch form and original ID to your nearest SASSA office.
Account holders can also link their Xtra Savings card for easy in-store transacting and additional benefits, including personalised grocery offers. Customers who swipe their Xtra Savings card 4 times in a month and spend R100+ also qualify for a FREE funeral benefit.