SASSA beneficiaries can now enjoy a stress-free, cost-effective way to receive their grants by switching to Shoprite’s Money Market Account. This guide explains the simple steps to make the switch and highlights the account’s unbeatable benefits.
Why Choose Shoprite’s Money Market Account?
The Shoprite Money Market Account is ideal for SASSA grant recipients looking for a reliable, low-cost way to manage their payments. Key benefits include:
- Zero Monthly Fees: No monthly charges—only a flat R5 fee for cash withdrawals.
- Free Transactions: Send money, buy airtime, electricity, grocery vouchers, or pay bills at no cost.
- Convenience: Deposit and withdraw cash at over 25,000 Shoprite, Checkers, and Usave till points nationwide, avoiding ATM queues.
- Full Control: Receive SMS payment notifications and check your balance in real-time via your phone.
How to Switch Your SASSA Grant to Shoprite’s Money Market Account
Switching your SASSA grant payments is quick, easy, and free. Follow these steps:
Step 1: Register for a Money Market Account
You can open a Money Market Account using any of the following methods:
- Dial *120*3534# on your cellphone.
- Send a WhatsApp to 087 240 5709.
- Visit a Money Market counter at any Shoprite or Checkers store.
- Download the Shoprite App and sign up.
Step 2: Download Your Bank Confirmation Letter
Once your account is registered, log in and download your Bank Confirmation Letter from the app or via the SMS confirmation.
Step 3: Obtain and Complete the SASSA Switch Form
- Download the SASSA switch form online, or collect a printed copy from any Shoprite or Checkers Money Market counter.
Step 4: Submit Your Documents to SASSA
Take the following documents to your nearest SASSA office:
- Your Bank Confirmation Letter.
- The completed SASSA switch form.
- Your original ID.
Once submitted, your payments will be switched to your Money Market Account.
Perks of Switching: Get R100 in Free Vouchers
As an added incentive, Shoprite offers grant recipients up to R100 in Shoprite vouchers when their first SASSA grant of R800 or more is deposited into their Money Market Account.
Why the Money Market Account Is Ideal for SASSA Beneficiaries
For pensioners and other SASSA grant recipients, the Money Market Account provides:
- Cost Savings: No monthly fees and free everyday transactions help you keep more of your money.
- Convenience: Use Shoprite’s nationwide network of till points to deposit or withdraw cash.
- Ease of Use: Manage your money through SMS notifications and real-time balance checks.
- Reliability: Avoid issues with expiring gold cards or delayed payments.
Frequently Asked Questions
What happens if my SASSA gold card is about to expire?
Switching to the Shoprite Money Market Account ensures you won’t experience payment interruptions or long queues associated with card renewals.
Are there any hidden fees with the Money Market Account?
No. The only fee is a flat R5 for cash withdrawals. All other transactions, including sending money and paying bills, are free.
How long does it take to switch my grant to Shoprite’s Money Market Account?
Once you’ve submitted the required documents to SASSA, the process is typically completed within a few days.