If you’re receiving the SASSA R350 (SRD) grant, you might want an easier and safer way to access your money. Instead of using traditional bank accounts, you can switch your payment to a Shoprite Money Market Account, a low-cost, easy-to-use account that lets you withdraw or use your money at any Shoprite, Checkers, or Usave store.
Let me explain you this how to do this step by step.
Why Switch SRD R350 to Shoprite Money Market?
Switching your SASSA grant to a Shoprite Money Market Account comes with several perks:
- No monthly fees- just a flat R5 withdrawal charge; all other transactions are free.
- Use your funds at over 25,000 in-store tills- no need to stand in ATM lines.
- Access services like airtime top-up, grocery payment, bill payments, all free from your account.
- Get SMS balance alerts to keep track of your funds.
Here’s How to Switch in Just 4 Simple Steps
Step 1: Sign Up for a Shoprite Money Market Account
You can register in one of four ways:
- Dial *120*3534# on your phone
- Send a message via WhatsApp to 087 240 5709
- Go into any Shoprite, Checkers, or Usave store to register yourself at the in-store Money Market counter, or
- Download and register through the Shoprite app
Step 2: Get Your Bank Confirmation Letter
Once your account is active, log in or visit the counter to download or print your Bank Confirmation Letter. This document is most important to complete the registration process as it confirms your account is valid and ready to receive payments.
Step 3: Get the SASSA Switch Form
You’ll need to complete a SASSA switch form to change your grant payment details. You can either:
- Download it online
- You can easily get it from any Shoprite or Checkers Money Market counter
Step 4: Submit Your Documents
Take these documents to your nearest SASSA office:
- Your printed Bank Confirmation Letter
- Your completed SASSA switch form
- Your original ID
Once submitted, SASSA will update your payment method to the new Shoprite account.
What Happens After You Switch R350 to Shoprite?
- Your upcoming SASSA R350 payment will be sent directly to your Shoprite Money Market Account.
- You can easily withdraw your cash or shop using your balance at Shoprite, Checkers, or Usave till points.
- Plus, if your first SASSA payment (R800 or more) goes into this account, you might qualify for up to R100 in Shoprite vouchers.
At a Glance
| Benefit | Why It Matters |
|---|---|
| No monthly fees | Keep more of your money |
| Low ATM fees (R5) | Affordable, even when withdrawing cash |
| Pay from your account in-store | Safe and convenient, no ATM needed |
| SMS alerts | Always know your balance |
| Voucher bonus | Extra shopping value when switching |
Switching your SASSA R350 grant to a Shoprite Money Market Account is convenient, low-cost, and gives you more control over your money. With access at thousands of store tills and no hidden fees, it’s a great option for safe, flexible spending.
