Postbank reveals that Sassa beneficiaries can nonetheless entry their grants after the 20 March gold card swapping deadline.
SASSA BENEFICIARIES CAN WITHDRAW FUNDS AFTER DEADLINE
Floor Up revealed this week that just about 1.9 million SASSA gold card holders nonetheless want to modify to the Postbank Black Card earlier than the 20 March deadline.
Postbank has admitted that finishing the transition from the Gold card to Postbank’s black card earlier than the 20 March deadline is unlikely.
Postbank’s Chief Working Officer, Eurekha Singh confirmed to the publication that there’s no intention to increase the deadline.
“That’s not inside our management, so the cardboard alternative should be accomplished by 31 March. We’ve set a deadline of 20 March as a result of we should submit proof to the Reserve Financial institution that the Gold Playing cards are out of circulation by 31 March,” says Singh.
Singh additionally clarified that SASSA beneficiaries will nonetheless be capable to entry their grants by the Put up Workplace and thru cardless money withdrawals at retailers after the 20 March deadline.
THE END OF GOLD CARDS
Postbank started the method of changing SASSA gold playing cards with the brand new Postbank black playing cards in September 2024.
EWN reported in February 2025 that Gold card holders can change their playing cards for free of charge at retailers reminiscent of Checkers, Usave, Boxer, Choose n Pay and Shoprite. Beneficiaries are required to deliver their ID or short-term ID to exchange their previous playing cards.
Postbank’s CEO Nikki Mbengash shared with the publication that it is perhaps tough to entry your funds in case your card has not been changed.
“Your cash that you just get from SASSA shouldn’t be affected in any respect, it is going to nonetheless go into your checking account. The problem will probably be accessing that in case your card shouldn’t be working.”
HAVE YOU SWAPPED YOUR SASSA GOLD CARD YET?
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