Postbank has rolled out the Mzansi Debit Card, aimed at delivering affordable banking solutions to all South Africans, with a particular focus on beneficiaries of the South African Social Security Agency (Sassa) grants.
Sassa provides various permanent grants to assist financially vulnerable individuals in South Africa. Older Persons pension grant, Disability grant, War Veterans grant, Care Dependency grant, Foster Child grant, Child Support grant, Child Support grant Top-Up and Grant-in-aid.
Sassa is also responsible for the Social Relief of Distress grant, which we know as the SRD grant or R370 Sassa grant.
The newly introduced black Mzansi Debit Card will replace the gold Sassa card previously used by social grant recipients, Postbank has announced.
Sassa beneficiaries in Gauteng are encouraged to collect their new Sassa Postbank Black Card. The initial phase of card distribution will take place in Gauteng, with selected Boxer and Pick n Pay stores designated as collection points.
What You Need to Bring to Collect the New Sassa Card
- Your ID.
- If you're collecting a grant on behalf of someone else, bring the official Sassa proxy letter.
- Asylum seeker grant beneficiaries should present their official Sassa approval letter.
Postbank reassures beneficiaries that their grants will remain unaffected and that they will continue to receive the same benefits as before. No one will be left behind. "Stay tuned to your radio station for important updates on the Postbank card reissuing process,
Is the Gold Card Still Functional?
Postbank has confirmed that the Sassa Gold Card remains operational for grant withdrawals. The Gold Card will continue to work until every beneficiary has received the new Black Card.
No one, not even a Sassa official, has the authority to decide where you bank or replace your Sassa Gold Card. Only Postbank has the right to issue the Black Card as a replacement
Key Features of the New Sassa Postbank Black Card
The new card allows users to make payments for goods and services without needing cash. It also offers access to ATMs and Post Office branches nationwide for withdrawals and other transactions.
The Mzansi account, available exclusively to South African citizens with a valid ID, supports debit and credit orders to help manage monthly expenses. However, strict limits apply: account balances cannot exceed R25,000, and daily withdrawals are capped at R5,000. Additionally, customers are limited to holding just one account of this type.
Postbank is committed to providing secure banking services, ensuring that deposits, including salaries, can be safely made and stored. The Mzansi Visa Debit Card is positioned as a reliable and cost-effective option for everyday banking needs.
