1 like 0 dislike
in Internet Banking by
Can I transfer money from my SASSA account into a Nedbank account

1 Answer

1 like 0 dislike
by Genius (34,174,440 points)
selected by
Best answer

Hey Sylvester. Unlike other traditional bank accounts, a SASSA account will only allow the following.

  1. After the funds have been deposited on the 1st of the month, you are to contact CPS/Net1 (a division of the Grindrod Bank that handles the SASSA accounts), and request a funds transfer
  2. Make sure you make no withdrawals of any parts of the deposited balance in the SASSA account - otherwise, the transfer will not be possible (strange but true).
  3. Ensure that the destination or receiving account is under the same names as the SASSA account. Funds cannot be transferred to a bank account under a different name.

Related questions

0 like 0 dislike
1 answer 1,971 views
0 like 0 dislike
1 answer 1,531 views
1 like 0 dislike
1 answer 143 views
0 like 0 dislike
1 answer 49 views

12,608 questions

11,690 answers


8,693 users

SA Tech Help Q2A, where you can ask any question and receive answers from other members of the community'. SA Tech Help Q&A was created to be a free resource linking people with tech questions to experts who could provide answers. Since our launch in 2014, we have grown from a simple Q&A web site to providing additional help such as loans,roms, pricing information and more. All is completely free of charge.