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Post Office to stop cash payments of social grants.
This week, Postbank announced that social grant recipients would no longer be able to withdraw their benefits from cash paypoints or post offices as of April 2024.
Postbank said in a statement on Monday that recipients of social grants who would rather take out cash at cash paypoints or Post Office branches will now need to use their SASSA Gold Cards or Postbank cards “anywhere that accepts a bank card.”
“SASSA and Postbank announce that, as part of a broader strategy to improve the quality of cash withdrawal services for all social grants recipients, physical cash payment points (CPP’s) and cash withdrawal of social grants inside Post Offices will be phased out.
“The phasing-out process will be implemented in a staggered way starting in January 2024. It is planned that by 31 March 2023, all CPPs and Post Office branch grants payments would have stopped.
SASSA Gold Card social grant recipients using CPPs and Post Office branches must now use those cards at any place that accepts a bank card.
This includes making purchases in any retailer that has a point of sale to swipe for goods, or withdrawing funds from any retailer that provides a cash back functionality, counting using the existing Postbank cash withdrawals channels in the form of any bank ATM, or any of the five partner retailers that include Boxer, Pick n Pay, Spar, Shoprite, Usave and Checkers.”
Postbank in said in a statement
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Point of View with Phemelo Motene spoke to SASSA Spokesperson, Paseka Letsatsi about the new changes.
Listen to the full conversation here:
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