TymeBank Everyday account is a transactional account with a R0.00 monthly account fee. The account includes GoalSave, which allows you to activate up to 10 GoalSave accounts.
The GoalSave account allows account holders to earn interest on savings ranging from 5% to 11%. The total amount of savings across all GoalSaves should not exceed R100,000.00.
When you use your TymeBank EveryDay account to shop at Pick n Pay or BP, you’ll earn rewards. Account holders earn 10 Pick n Pay Smart Shopper points for every litre purchased using their TymeBank account.
Account holders earn double Smart Shopper points when they shop online at Pick n Pay. Pick n Pay charges R4.00 per R1000.00 in cash deposits, but the first deposit is free.
The TymeBank everyday account includes transactional benefits. These benefits are listed below.
The TymeBank Everyday Account provides free services such as monthly fees, notification fees, banking documents, withdrawals, and more. Here is a detailed list of all the free services.
Service | Fee |
---|---|
Monthly Fees | FREE |
Local Card Purchases | FREE |
Prepaid Electricity | FREE |
Airtime, Data & SMS Bundles | FREE |
Bill Payments | FREE |
Daily Lotto | FREE |
Lotto / Powerball | FREE |
International Card Purchases | R3 |
Vouchers (1ForYou, etc.) | R3 |
Debit Card Balance Enquiry (SA ATMs) | R3 |
Debit Card Balance Enquiry (Int’l ATMs) | R7 |
Debit card, debit order & ATM decline fee | R3 |
Dispute Debit Card Transaction | R3 |
Dispute Or Stop Debit Order | R3 |
TymeCode At PnP & Boxer Till Points | R3 |
Debit Card at major retailers | R3 |
Debit Card at Kazang shops | R3 |
Flash voucher at Flash shops | R7 |
Any ATM in South Africa | R10 per R1000 |
International ATM | R70 |
Add Money | R10 per R1000 |
Int’l Subscriptions & Online POS Decline Fee | R10 |
Int’l ATM Withdrawal Decline | R10 |
Card Replacement | R70 |
Debit Order Dispute Older Than 40 Days | R70 |
Unsuccessful Debit Order Dispute | R70 |
Unsuccessful Debit Card Dispute | R70 |
Late Payment Reversal To TymeBank | R170 |
International Transactions Conversion | 2% |
Balance Enquiry (SA ATMs) | R3 |
Balance Enquiry (Int’l ATMs) | R7 |
Cash Deposit (First deposit at Till) | R7 per R1000 |
Cash Deposit (TymeCode at Till) | R7 per R1000 |
Payments (Immediate Payment – PayShap) | R7 |
Payments (SendMoney from/to TymeBank) | R7 |
Notifications (SMS) | R0.50 |
Statements (12 Months) | FREE |
Inactive Account Fee | R7 |
Initial Visa Debit Card | R0 |
GoalSave provides you complete control over your cash reserves, allowing you to access your savings. You can use GoalSave to save money for a specific goal, such as a down payment on a house or a down payment on a car. It’s entirely up to you; you can save for whatever purpose you like.
Here are the benefits of using the GoalSave function :
Limit Description | Limit Amount |
---|---|
Maximum account balance (EveryDay account + GoalSave) | R40,000 |
Maximum GoalSave balance | R40,000 |
Total daily limits | R2,000 |
Total of payments, prepaid purchases, send money, cash withdrawals, card swipes, and online purchases | R2,000 |
Cash deposits | R21,995 |
Transaction limits per transaction | Daily |
Immediate EFT | R1,000 |
Cash deposits | R5,000 |
Add Money | R5,000 |
Limit Description | Limit Amount |
---|---|
Maximum account balance (EveryDay account + GoalSave) | R10,000,000 |
Maximum GoalSave balance | R100,000 |
Total daily limits | R200,000 |
Total of payments, prepaid purchases, send money, cash withdrawals, card purchases, online purchases, cash withdrawals @ ATM and Till point (Debit Card & TymeCode), Send Money Voucher | R200,000 |
Cash deposits | R21,995 |
Transaction limits per transaction | Daily |
Payment (EFT) | R100,000 |
Prepaid Purchase | R3,000 |
SendMoney – EFT | R100,000 |
SendMoney – Voucher | R5,000 |
SendMoney USSD (EFT or Voucher) | R3,000 |
Cash Withdrawals @ ATM | R5,000 |
Cash withdrawals at till point | R5,000 |
Debit Card Purchase | R50,000 |
Online Purchases | R25,000 |
Cash Deposits @ Till point (Debit Card and TymeCode) | R5,000 |
Debit Orders | R200,000 |
Total daily limit of Cash Withdrawal @ ATM and Till point (Debit Card & TymeCode), and Send Money Voucher | 0 |
Add Money | R5,000 |
The TymeBank Everyday Account is one of South Africa’s most cheap bank accounts. If you don’t use the account, you won’t be charged, so you can keep it for as long as you wish without paying any administrative fees. The nicest part about obtaining the account is how simple it is to do so. By far the simplest account to start in South Africa is the Everyday Account. However, passport holders are unable to open this account, which is a significant restriction imposed by the bank.
This website uses cookies.