TymeBank SA is one of South Africa’s main digital-only banks, known for low fees and quick, fully online onboarding.
It partners with major retailers like Pick’n Pay, Boxer and TFG so you can get a TymeBank account and card.
If you want a simple way to bank, save and earn rewards without paying a monthly fee, it is an option worth understanding.
TymeBank Account Types
TymeBank focuses on a small set of products instead of a long menu of accounts.
For everyday banking, you get the EveryDay Account, which is a pay-as-you-use transactional account with no monthly fee.
You can then link savings tools like GoalSave and fixed deposits to the same profile, using the app or internet banking.
The benefits of Tymebank keep things simple if you want one main account and separate savings pockets.
The EveryDay Account
A digital current account that you manage via the app, internet banking and USSD, with cash deposits and withdrawals done at partner retailers’ till points.
TymeBank states that the account has zero monthly fees and focuses on low transaction charges instead.
You can use it for card purchases, debit orders, local online payments and everyday transfers.
GoalSave
TymeBank’s flexible savings tool linked to your EveryDay Account.
You can open up to 10 GoalSave “pockets” and save up R250 000 in total.
There are no monthly fees on GoalSave, and you can withdraw without penalty, although higher rates reward longer saving periods.
Fixed deposit accounts
With set terms of 3, 6 or 12 months.
As of recent updates, the bank has advertised rates up to 11% per year on its 12-month fixed deposit, with lower but still competitive rates on shorter terms.
These products are aimed at customers who can lock money away for a period in exchange for higher returns than a normal savings account.
Interests and fees
For the EveryDay Account, you pay per transaction, usually around R10 per R1 000.
GoalSave stands out for offering a relatively high interest rate with no separate account fee. Recent guides note a base interest of 6%.
For fixed deposits, TymeBank has promoted interest rates of 9% (3 months), 10% (6 months) and 11% (12 months).
TymeBank Card
When you open an EveryDay Account, you get a TymeBank Visa debit card.
New customers typically receive this card for free when they open or upgrade their account.
This either by collecting it at a TymeBank kiosk or by having it linked after in-app onboarding.
The card works for in-store purchases, online shopping and ATM withdrawals locally, and for certain international transactions where Visa is accepted.
Partnership with Pick’n Pay and Boxer
When you swipe your TymeBank account and card at Pick’n Pay, you can earn Smart Shopper points.
Some sources highlight that you may earn double points when paying inside Pick’n Pay stores.
The same card also allows you to withdraw and deposit cash at participating retailer tills, effectively turning these stores into your “branch” network.
Interests and fees
The card itself does not earn interest, but it controls how you access your funds and what you pay in fees.
Card replacement (for lost or damaged cards) is around R70. A card decline fee (insufficient funds, etc.) is about R3 per event.
Cash withdrawal costs R10 per R1 000 in South African ATMs; and R70 per withdrawal, plus an FX conversion fee of about 2%, on international.
How to Open an Account and Get a Card
TymeBank is designed so you can open an account in about five minutes, without visiting a traditional branch.
You have two main options: via the banking app/website, or at a TymeBank kiosk inside partner retailers.
Basic requirements to open a personal TymeBank EveryDay Account include:
- A valid South African ID number.
- An active South African mobile number.
- Proof that you are at least 16 years old.
Opening via the app or online generally follows these steps:
- Download the TymeBank app from the Google Play Store, Apple App Store or Huawei AppGallery.
- Register using your South African ID number and mobile number.
- Follow the prompts to enter your personal details and agree to the terms.
- Take a selfie in the app so the bank can biometrically verify your identity against official records.
- Once approved, your EveryDay Account is opened, and you can start transacting digitally.
The TymeBank credit card application online is automatic during the account opening. Having the TymeBank credit card on app saves time.
To get a physical card, visit any TymeBank kiosk at Pick’n Pay, Boxer or TFG stores and link/collect your personalised Visa debit card.
Opening at a kiosk in-store works slightly differently but is still quick:
- Go to a TymeBank kiosk at a participating Pick’n Pay, Boxer or TFG store.
- Enter your SA ID number and cellphone number on the screen.
- Follow the on-screen prompts; the kiosk can capture biometric data (such as fingerprints) and verify your identity via the Department of Home Affairs.
- Once the process is complete, the kiosk prints or dispenses your personalised Visa debit card immediately, ready for use.
After your account is active and the card is linked, you can fund it through salaries, EFT transfers from other banks, or cash deposits at retailer tills.
Bank Contact Info
Customer Service Centre (South Africa): 0860 999 119.
Customer care email: [email protected].
Head office: TymeBank Floor 2, 30 Jellicoe Avenue, Rosebank, Johannesburg, Gauteng 2196 South Africa.
International customer care:+27 11 327 6244 (phone) and a separate number for international lost cards.
Conclusion: TymeBank Account and Card
TymeBank SA offers a simple combination of a no-monthly-fee EveryDay Account, flexible savings via GoalSave and competitive fixed deposits.
Its Visa debit card and retail partnerships give you practical access to cash and rewards at thousands of till points across South Africa.
If you want low-cost digital banking with strong savings features, it is worth comparing TymeBank’s current rates and fees to your existing bank.
Disclaimer: This article is for general information only and is based on publicly available sources believed to be reliable as of late 2024 and 2025. TymeBank’s products, interest rates, fees and contact details can change at any time, so you should always confirm the latest information directly with TymeBank or a qualified financial adviser before making banking decisions.
