GrantAdvance: TymeBank – For SASSA SRD Grant Beneficiaries
TymeBank has launched a helpful service for people who receive their SASSA grant through a TymeBank account. It gives you access to a small cash boost when your money runs out before the next payment date.
This feature, called GrantAdvance, lets SASSA clients borrow up to R1 000 directly from their TymeBank profile. It is quick, simple, and made for those moments when unexpected expenses pop up.
If your SASSA status check shows that your grant is approved and your last payment is already finished, you can request this early cash option from TymeBank to stay afloat until the new month starts.
Here is a clear guide on how to apply for the GrantAdvance service and the conditions you must meet to qualify.
What is the GrantAdvance Facility from TymeBank?
TymeBank started in 2015 with a clear goal: to make banking cheaper and easier for everyone in South Africa. It works fully online, so you don’t have to visit any branches. Still, the main office operates from Rosebank in Johannesburg.
The bank keeps costs low by removing monthly fees and offering services that are affordable for people who want simple banking. Recently, it added a helpful option for SASSA grant users. Anyone who receives their grant in a TymeBank account can now access a small monthly loan of up to R1 000.
This option is known as GrantAdvance, and it is designed to be quick and stress-free. You don’t need paperwork, and there is no long application process. Everything happens inside your TymeBank profile, making it one of the easiest ways to get emergency funds when your grant runs out.
Who is Eligible for GrantAdvance?
- Anyone who receives a SASSA grant
- People who use a TymeBank account
You need an active TymeBank account to unlock this GrantAdvance feature. Without it, the bank cannot process the early loan option.
How to Apply for GrantAdvance from TymeBank?
You can access this advance in two simple ways. One method is through the TymeBank mobile app on your smartphone, and the other is by using a quick USSD shortcut on any basic phone. Here’s how each option works:
1) Get GrantAdvance with USSD Code:
If you use a basic phone or you don’t have access to data, the USSD method is the easiest way to request the grant advance. Follow these simple steps:
- Open your phone’s dial pad.
- Type *120*543# and tap the call button.
- A small menu will pop up with several choices.
- Select option 4 from the list.
- You will then see the menu item for SASSA Grant Advance. Pick that option.
- Your advance amount will reflect in your TymeBank account shortly.
2) Use the Android App of TymeBank
You can also request the advance through the TymeBank mobile app, which works on Android devices.
- Download the app from the Google Play Store.
- Open it and sign in using your TymeBank login details.
- Find the section labeled GrantAdvance.
- Press the Apply button to continue.
- Your request will go through, and the money will appear in your TymeBank account within moments.
Important note: TymeBank will take back the full advance when your next SASSA grant arrives. The deduction happens automatically, and you won’t pay any interest on the amount.
How to Use TymeBank for SASSA Social Grant Payments?
If the GrantAdvance feature sounds useful and you want to apply for it, you must first open a TymeBank account. Below is a simple guide to help you get started.
1) Open a TymeBank Account Online
- Go to the TymeBank Website: Open your browser and visit www.tymebank.co.za.
- Choose “Open an Account”: The option is clearly shown on the main page.
- Add Your Information: Provide your SA ID number, mobile number, and basic personal details.
- Set a Strong Password: Create a safe password to secure your online banking.
- Complete Identity Check: You might be asked to take a selfie and upload your ID for confirmation.
- Receive Your Account Details: After the verification is done, your new TymeBank account number will be issued right away.
2) Open an Account at a TymeBank Kiosk
Go to a Pick n Pay or Boxer Store: Find a nearby branch that has a TymeBank kiosk.
Carry Your SA ID: Make sure you take your valid ID book or smart ID card with you.
Sign Up at the Kiosk: Follow the simple steps on the screen to create your account.
Collect Your Bank Card Immediately: When you finish the process, the kiosk will print your free TymeBank Visa card right away.
3) Change Banking Details to TymeBank
Here are the steps:
- Go to the SRD Website: Open your browser and visit srd.sassa.gov.za.
- Find “Change Banking Details”: Click on the link labeled Change Banking Details.
- Receive OTP: Enter your phone number to get a one-time PIN for verification.
- Enter Your New Bank Info: Fill in your new account details and submit the form.
How to Switch Your SASSA Payments to TymeBank?
1) Open a TymeBank Account
- Visit one of these stores: Pick n Pay, Boxer, Jet, Markham, Exact, or Sportscene.
- Find a TymeBank Ambassador: The ambassador will guide you step by step to open your account quickly.
- You will also get:
- Your new TymeBank account information
- A pre-filled bank switch form
- A document confirming your account details
2) Submit Your Documents to SASSA
- Bring your switch form and account confirmation to the closest SASSA office.
- Hand in the documents to ask for your SASSA payments to be moved to your new TymeBank account.
From now on, all future SASSA grant payments will go straight into your TymeBank account.
Benefits of Using TymeBank for SASSA Social Grant Payments
No Monthly Charges
TymeBank does not charge a monthly fee, so you can keep more of your grant money.
Always Available
Access your funds anytime using the mobile app, USSD code, or partner ATMs—no need to wait for branch hours.
Simple to Use
The bank provides an easy-to-navigate app and USSD service, so even without internet, you can manage your account quickly.
Quick Cash Advance
The GrantAdvance feature lets you borrow up to R1 000 before your next SASSA payment.
Complimentary Visa Card
Receive a free Visa debit card at kiosks in stores like Pick n Pay and Boxer, making it simple to withdraw money or pay for purchases.
