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Meet the TymeBank

If you want a bank that combines digital-first convenience, transparency and affordability, TymeBank stands out as one of South Africa’s leading online banks. With low fees and modern banking tools, TymeBank is built for people who value simplicity and flexibility.

Whether you’re opening your first account, managing everyday banking, or saving toward goals, TymeBank delivers essential services with a no-frills, digital-first approach.

Keep reading to discover how TymeBank can meet your financial needs — from daily banking and savings to payments and prepaid solutions.

Discover TymeBank

Launched as a fully digital bank, TymeBank aims to make banking affordable and accessible by removing many traditional branch overheads. The bank operates through a mobile app and retail kiosks in partner stores such as Pick n Pay and Boxer, enabling fast account opening and wide reach.

TymeBank’s model translates into fewer recurring fees and a streamlined customer experience, with quick sign-up, biometric verification at kiosks, and a focus on simple, useful features rather than complex product bundles.

Through its digital channels and retail partnerships, TymeBank provides an easy, low-cost way to bank — ideal for first-time customers, budget-conscious users, and people who prefer mobile-first banking.

TymeBank Products Reviewed by Medupi

Fees and Commissions

Monthly account fee	Free
Prepaid electricity top-up via app	R 3
Airtime / Data top-up via app	R 0.50
Debit card replacement	R 70
International ATM withdrawal	R 70 per withdrawal

Benefits and What Stands Out

Everyday Transaction Account: TymeBank offers a simple and low-cost account that allows customers to manage daily payments with ease. It includes essential features like transfers, deposits, and fast payments through the app.

Zero Monthly Fees: There are no monthly maintenance fees, which helps users save money and keep their banking costs predictable.Free Debit Card Withdrawals at Pick n Pay and Boxer: Customers can withdraw cash for free at partner retailers, making cash access more affordable and convenient.

PayShap Instant Payments: TymeBank supports PayShap, allowing real-time, low-cost transfers using just a mobile number. This makes sending and receiving money faster and easier than traditional EFTs.

GoalSave High-Interest Savings: The GoalSave feature helps users set financial goals and grow their money with competitive interest rates that increase the longer the funds remain saved.

Access to MoreTyme: Customers can shop using MoreTyme, TymeBank’s buy-now-pay-later service that allows purchases to be paid in three interest-free installments.

SmartShopper Rewards Integration: TymeBank customers receive additional rewards when linked with Pick n Pay’s SmartShopper program, boosting cashback benefits and earning potential.

Cash Deposits at Retail Partners: Users can deposit money at affordable rates in Pick n Pay, Boxer, and National Lottery tills, offering banking access even without branches.

Low-Cost International Transfers: TymeBank provides competitive fees for sending money abroad, making global payments more affordable.

Digital-First Experience: The bank operates online and through kiosks, allowing account opening in minutes without paperwork, making the process faster and more accessible.

Account Opening Requirements & How to Get Started

You can open a TymeBank account online, via the mobile app, or at a TymeBank kiosk located inside partner retail stores. The registration process is designed to be simple and accessible for everyone.

Most customers complete onboarding in minutes, particularly when using biometric verification at kiosks. This method speeds up identity confirmation and removes the need for extensive paperwork.

After registration, customers receive a free Visa debit card and immediate access to core banking features, including transfers, payments, GoalSave, and cash withdrawals at participating retail till points.

Customer Experience: What to Expect

The bank provides a clean, app-first experience designed for simplicity and affordability. With an intuitive interface, TymeBank allows users to handle everyday tasks quickly and without unnecessary complexity.

Most essential services can be completed instantly through the mobile app, including transfers, payments, and balance checks. The absence of monthly account fees makes TymeBank particularly appealing for anyone seeking low-cost digital banking.

The support system is fully digital as well, offering chat-based assistance and helpful online resources to guide customers through common questions and issues with ease.

Why Choose TymeBank

TymeBank offers a straightforward digital banking experience designed to be affordable, fast, and accessible for everyday users. With no monthly fees and an app-focused platform, it provides practical tools that make managing money simple and convenient.

Zero monthly fee EveryDay Account: Customers pay no monthly account charges, making TymeBank one of the most cost-effective banking options in South Africa.
Simple onboarding with kiosk biometric verification: Opening an account takes just a few minutes using biometric verification at retail kiosks, allowing even those without traditional paperwork to join easily.
GoalSave with flexible goals and competitive interest: Users can create multiple savings goals and earn attractive interest rates, with the option to boost returns by keeping funds saved longer.
Low and transparent pay-as-you-use fees: TymeBank charges minimal fees only for specific transactions, ensuring customers always know exactly what they’re paying for.
Modern app-first banking experience: With a clean, intuitive mobile app, customers can manage payments, transfers, savings, and card controls instantly and efficiently.

Data Protection and Security

TymeBank uses secure authentication, encrypted digital access, and continuous transaction monitoring to protect every customer account. With these combined measures, the platform ensures that all activity remains private, stable, and shielded from any form of unauthorized access.

The biometric registration process adds an additional layer of identity verification, helping confirm that each account truly belongs to the person opening it. This step reforces the onboarding process, offering greater accuracy and reducing the risk of identity-related issues, especially for first-time users at kiosks.

Customers also benefit from app-based card controls, which allow them to freeze, limit, or manage card activity whenever necessary. These features bring agility and extra peace of mind, offering fast protection in situations involving loss, theft, or suspicious transactions.

All these security features work together to build a safer and more reliable digital banking environment, giving users confidence to manage their money with convenience and full control.