SRD Account Guide 2026
TymeBank is a popular choice for SASSA SRD R370 payments because it is free to open, has no monthly fees, and can be set up at Pick n Pay or Boxer stores nationwide without visiting a bank branch. This guide covers how to open a TymeBank account and link it to your SASSA SRD payment.
| Feature | Detail |
|---|---|
| Monthly fees | R0 — completely free |
| Minimum balance | None |
| Where to open | Pick n Pay, Boxer, or TymeBank kiosks |
| Documents needed | SA ID (green book or Smart ID) only |
| Branch visit required | No |
| Rural accessibility | High — Pick n Pay and Boxer in most towns |
No other South African bank offers this level of accessibility without any cost. This is why many SRD recipients choose TymeBank — the full R370 reaches you without any deductions.
Step 1: Find your nearest Pick n Pay, Boxer, or TymeBank kiosk. These are available in most towns, shopping centres, and major supermarkets.
Step 2: Bring your original green barcoded ID book or Smart ID card. No other documents are required.
Step 3: At the kiosk, scan your ID — the machine reads your ID chip or barcode automatically.
Step 4: Complete biometric verification — the kiosk takes your fingerprint to verify your identity.
Step 5: Receive your TymeBank card and account details immediately. Your account number is printed on the card.
The full account opening takes approximately 10–15 minutes.
Once you have your TymeBank account number, follow these steps at srd.sassa.gov.za:
Step 1: Go to srd.sassa.gov.za on your phone or computer.
Step 2: Log in with your ID number and OTP sent to your registered phone.
Step 3: Select “Update Banking Details” from your dashboard.
Step 4: Select bank: “TymeBank” from the dropdown.
Step 5: Enter your TymeBank account number (found on the back of your TymeBank card or in the TymeBank app).
Step 6: Select account type: Savings.
Step 7: Submit. SASSA will verify the account over 3–7 working days. Your status will show “Bank Details Pending” during this period.
Use these exact details when entering your TymeBank information at srd.sassa.gov.za:
| Field | Detail |
|---|---|
| Bank name | TymeBank |
| Branch code | 678910 |
| Account type | Savings |
| Account number | On back of your TymeBank card or in the TymeBank app |
Important: Always select “Savings” as the account type — not cheque. TymeBank SRD accounts are savings accounts.
Yes. TymeBank is a licensed South African bank regulated by:
SASSA has verified TymeBank as a fully accepted payment channel for SRD grants. Your money is protected and insured under the same rules that apply to all South African bank deposits.
Yes. TymeBank is a fully accepted bank for SASSA SRD payments. Many recipients use it specifically because it is free and accessible. Update your banking details at srd.sassa.gov.za to switch to TymeBank.
The TymeBank branch code is 678910. You may need this when updating your banking details at srd.sassa.gov.za, depending on the form format.
TymeBank has no physical branches. Instead, open your account at a Pick n Pay or Boxer kiosk — found in most supermarkets across South Africa. Bring your original ID and the process takes about 10–15 minutes.
If you recently switched to TymeBank, SASSA’s verification period takes 3–7 working days. During this time, your status shows “Bank Details Pending” and no payment is sent to either the old or new account. Once verified, the next payment cycle will deposit to TymeBank. See the full change banking details guide for more.
Written by
Busi specialises in South African social grant systems and SASSA policy. Every guide on this site is independently researched, verified against official SASSA sources, and updated whenever SASSA releases new dates, amounts, or policy changes.
About the authorReady to check your SASSA status?
Use the official SASSA portal — free and updated monthly.