EveryDay account
TymeBank is a new kind of bank that’s digitally smart. The money we save by not having branches benefits you, as it allows us to charge you a lot less for your banking services. Think no monthly fees, many free day-to-day banking transactions and low charges for other transactions. And that’s just for starters.
Easy to understand charges
TymeBank gives you an account with no monthly fees, where many day-to-day banking transactions are free and there are low charges for other transactions, so you always know what banking with us is going to cost you.
What we don’t charge you for
| Action | Fees |
|---|---|
| Monthly fees | |
| Monthly administration fee | Free |
| Smart App (App) subscription fee | Free |
| Internet Banking (IB) subscription fee | Free |
| Notifications | |
| SMS Notification | Free |
| Debit Card | |
| Initial Debit Card | Free |
| Banking Documents | |
| Account statement (IB & App) | Free |
| Beneficiary payment notification (IB & App) | Free |
| Proof of account (IB & App) | Free |
| Balance enquiries | |
| Internet Banking | Free |
| Smart App | Free |
| Kiosk | Free |
| Cash Withdrawals | |
| Tymecode till point @ PnP & Boxer | Free |
| Debit card till point @ PnP & Boxer | Free |
| Purchases | |
| Debit card purchases | Free |
| Online purchases | Free |
| Prepaid electricity (IB & App) | Free |
| Prepaid airtime, data & sms bundles (Internet Banking & App) | Free |
What we do charge you for
| Action | Fees |
|---|---|
| Cash Withdrawals | |
| Debit card till point @ other retailers | R2 |
| Payments | |
| Payment to other bank account | R2 |
| Debit order (internal) Debit order (external – where your account is debited to pay a 3rd party) |
Free R2 |
| Cash Deposits | |
| Tymecode till point @ PnP & Boxer | R4 |
| Debit card till point @ PnP & Boxer | R4 |
| Payments | |
| Send money (account to Tymecode) | R4 |
| Balance enquiries | |
| Debit card other bank ATM | R2 |
| Cash Withdrawals | |
| Debit card other bank ATM (R8 per R1000) or part thereof | R8 |
| Decline and disputes fees | |
| Debit order dispute: within 40 days# | Free |
| Decline fee* (due to insufficient funds or incorrect PIN) | R2 |
| Late payment reversal to Tymebank | R8 |
| Debit order dispute: Older than 40 days | R40 |
| Late payment reversal to other banks | R40 |
| Unsuccessful debit card dispute | R40 |
| Debit Card | |
| Debit card replacement fee | R40 |
*Applies to declined Card, Debit order & ATM transactions
#Customer assisted through Customer Service Centre
Profile Limits
The more we know about you, the more we’re able to offer. At present, we rely on our kiosk process to perform an enhanced identity verification using biometrics, and to verify your address using 3rd party data sources.
Maximum Account Balance |
|
| Everyday Account + GoalSave(S) | R20 000 |
Total Daily Limits |
|
| Total of payments, prepaid purchases, send money, cash withdrawals, card purchases and online purchases (see detailed daily transaction limits below) | R2 000 |
| Cash deposits | R20 000 |
Total Monthly limit |
|
| Total of payments, prepaid purchases, send money, cash withdrawals, card swipes and online purchases. | R40 000 |
Per transaction limits |
|
| Payment | R2 000 |
| Prepaid Purchase | R1 000 |
| Send Money | R1 000 |
| Cash Withdrawals @ ATM | R2 000 |
| Cash Withdrawals @ Till point | R2 000 |
| Debit Card Purchase | R 2000 |
| Online Purchase (not live yet) | R2 000 |
| Cash Deposits | R3 000 |
Daily transaction limits |
|
| Payments | R2 000 |
| Prepaid Purchases | R2 000 |
| Send Money | R2 000 |
| Cash Withdrawals @ ATM | R2 000 |
| Cash Withdrawals @ Till point | R2 000 |
| Debit Card Purchases | R2 000 |
| Online Purchases (not live yet) | R2 000 |
| Cash Deposits | R2 0000 |
Note that cash deposits are limited to the maximum account balance limit & that there are also limits applicable per transaction.
Examples:
- If you have R10 000 in your Everyday Account, you can only save R10 000 in total your GoalSave(S).
- If you have R15 000 in your GoalSave(S), then they can only have R5 000 in your Everyday Account.
- If you’ve made prepaid purchase for airtime worth R1 000 – you can still make another prepaid purchase of R1 000 on the same day, because the daily limit is R2 000.
- If you make a cash deposit of R3 000 at a till (maximum per transaction) you can still make further deposits after that of up to R17 000, because the daily limit is R20 000.The R17 000 would need to be in multiple transactions of R3 000 maximum per transaction.
At all times remember that the profile limit is R20 000
You can open your EveryDay account right here,>>>> RIGHT NOW ONLINE<<<<, or you can go to the TymeBank kiosk at selected Pick n Pay and Boxer stores. It really does take less than 5 minutes to open your account. All you need is your SA ID number, your thumbprint and an active cellphone number.