Which bank does TymeBank fall under?
TymeBank is South Africa's first majority black owned bank focused on retail and business banking. Its majority shareholder, African Rainbow Capital (ARC) Financial Services Holdings, bought the business from the Commonwealth Bank of Australia in November 2018.
The TymeBank CreditCard is an internationally-recognised VISA Credit Card, brought to you by TymeBank in association with RCS, a registered credit provider.
TymeBank is majority owned by Dr Patrice Motsepe's African Rainbow Capital ('ARC'). Recent investors include Tencent, an internet and technology company based in China and CDC Group, the UK's development finance institution and impact investor.
Underwritten by Hollard Life Assurance Company Limited (Reg No. 1993/001405/06), a Licensed Life Insurer and an authorised Financial Services Provider.
When someone wants to pay you via an EFT they will need your account number and a branch code. You can find your account number on your debit card, or when you login to the SmartApp or Internet Banking. Our branch code is 678910.
In 2015, the Commonwealth Bank of Australia (CBA) acquired 100% of Tyme, and renamed the business TymeDigital by Commonwealth Bank SA.
Payments made before the cut-off times will take 2 working days (excluding weekends and public holidays) to reflect and payments made after the cut-off times will take 3 working days to reflect.
No. Because the bank doesn't yet have the appropriate licensing from the South African Reserve Bank (SARB), TymeBank cannot make international payments.
When you log in to your TymeBank app, you'll see a button on the home screen that says 'Add Money'. Tap it, and follow the instructions. For your first time, you'll be asked able to link the bank card that you want to add money from (once it's linked, you can just select it next time).
A key ingredient of TymeBank's growth lies in its partnership with retailers Pick 'n Pay and Boxer. Consumers sign up at the kiosk fitted inside the store, and can also deposit or withdraw money at any of the more than 14,000 Pick 'n Pay and Boxer till points across the country.
Who owns TymeBank in South Africa?
Coen Jonker, the co-founder of Tyme and TymeBank, takes over as TymeBank's CEO in South Africa, effective 1 July 2022. Jonker has vast retail banking, fintech and deal-making experience and expertise both in South Africa and in several Asian markets.
Open a TymeBank EveryDay account and get a free Visa debit card that can be used at any ATM or till point in SA.
About TymeBank's Visa credit card
The TymeBank sleek tap-and-go credit card can be used to make online and point of sale purchases both locally and internationally at over 29 million merchants worldwide.
SWIFT Code CBZAZAJJ - TYMEBANK.
The best part, you can deposit cash without a TymeBank card. You need a TymeCode to deposit money into your account. A TymeCode is a 9-digit code generated by your TymeBank app or cellphone banking specifically for depositing money at the above-listed retail stores.
Branch Code: | 410506 |
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Bank Name: | S.A. BANK OF ATHENS LTD. |
Bank Branch: | CENTRALISED SERVICES H/OFFICE |
Bank Branch Address: | 116 MARSHALL STREET, , |
City: | JOHANNESBURG - GAUTENG |
About TymeBank
TymeBank is majority owned by Dr Patrice Motsepe's African Rainbow Capital ('ARC').
You can withdraw cash you from TymeBank without a card, all you have to do is to login to your TymeBank app and navigate to “cash withdrawal”. You will get a TymeCode, which you are supposed to show to your cashier. a TymeCode is a Tyme bank voucher withdrawal. Get TymeCode.
Tymebank SendMoney is an ewallet service that allows people in South Africa to transfer instant money to any working cellphone number (no bank account needed).
Log into your Internet Banking or SmartApp and click on your EveryDay or EveryDay Business account. Select Account Information and request a Proof of Bank Account letter. Follow the steps to email your Proof of Bank Account letter directly to you.
How much is an immediate payment with TymeBank?
What it costs and how much you can send. To SendMoney from TymeBank to another TymeBank account holder is FREE. To SendMoney TymeBank to non-TymeBank costs R7 per transaction. For example, if you send R500 the person receiving it will get R493 (R500 – R7 fee).
TymeBank cannot reverse, refund or correct payments that were made to an incorrect cellphone number or to the wrong person. If the person you sent money to does not redeem the money within 7 days, the money will be reversed into your account at midnight on the 7th day (one week) after the transaction.
Coen Jonker, the co-founder of Tyme and TymeBank, takes over as TymeBank's CEO in South Africa, effective 1 July 2022. Jonker has vast retail banking, fintech and deal-making experience and expertise both in South Africa and in several Asian markets.
If you intend to open a bank account so that you can receive your SASSA SRD R350 grant payments then look no further, Tyme Bank is among the number one choice.
Yes, you may not use your account, directly or indirectly, for trading in foreign currency, cryptocurrency, or for funding foreign currency trading or cryptocurrency accounts, unless approved by the Reserve Bank.
No. Because the bank doesn't yet have the appropriate licensing from the South African Reserve Bank (SARB), TymeBank cannot make international payments.