Transfer your SASSA SRD R370 payment to Capitec Bank by updating your banking details at srd.sassa.gov.za/sc19/banking. Once SASSA verifies your Capitec account through BankservAfrica, future R370 payments deposit directly into your Capitec account within 24 hours of the monthly batch release date.

What You Need Before Switching to Capitec

  • An active Capitec Bank account in your own name (the account holder name must exactly match your ID)
  • Your Capitec account number (found on the Capitec app under My Accounts)
  • Capitec branch code: 470010
  • Your South African ID number (13 digits)
  • The cellphone number registered on your SASSA application

Open a Capitec account at any Capitec branch in under 15 minutes with only your green barcoded ID or smart ID card. Capitec does not charge monthly account fees on Global One accounts used for SASSA grant receipts.

Step-by-Step: Update Banking Details to Capitec

  1. Go to srd.sassa.gov.za/sc19/banking on your phone browser
  2. Enter your 13-digit South African ID number
  3. SASSA sends a secure one-time link to your registered phone — open it
  4. Select "Capitec Bank" from the bank dropdown
  5. Enter your Capitec account number
  6. Enter branch code 470010
  7. Select account type: Savings
  8. Submit and save the BNK reference number shown on the confirmation screen

How Long the Transfer Switch Takes

SASSA verifies your Capitec account through BankservAfrica within 5 to 14 working days after submission. The status on your portal changes from "Banking details pending" to "Approved" once BVS verification completes.

  • Update before the 15th: Your current month's payment (released 24–30) goes to Capitec
  • Update after the 15th: Current month still pays to your old account — Capitec receives from the following month

Capitec reflects the SASSA deposit within 2 to 4 hours of the batch release. You receive an SMS from Capitec confirming the credit to your account. Check via the Capitec app under "Transactions" if the SMS does not arrive.

Alternative: Transfer via ATM After Payment

If you already received your SASSA payment on a SASSA Gold Card, you can transfer to Capitec at any ATM:

  1. Insert your SASSA Gold Card at any ATM
  2. Select Transfers
  3. Select "Transfer to Another Account"
  4. Enter your Capitec account number and branch code 470010
  5. Enter the amount and confirm with your PIN

ATM transfers from SASSA Gold Card to Capitec take 1 to 2 business days to reflect. The first transfer per month is free at Postbank ATMs. Transfers at other ATMs cost R8.50 per transaction.

What to Do if the Update is Rejected

If your Capitec update comes back with a BVS error, check these common causes:

  • Name mismatch: Your Capitec account name differs from your SASSA ID record. Visit Capitec to confirm the account matches your ID exactly.
  • Account too new: Accounts opened within 24 hours may not yet appear on BankservAfrica. Wait one day and resubmit.
  • Wrong account number: Re-check your account number on the Capitec app under Settings > My Profile > Bank Details.

Contact SASSA on 0800 60 10 11 with your BNK reference number if the issue persists after three resubmission attempts.