TymeBank

An easy way to bank

TymeBank is a free finance app by Tyme Bank Ltd. that offers a simple and low-cost banking experience without extra paperwork or monthly fees. You can access your account via the web, on your phone, or at Pick n Pay and Boxer stores. Paying various billers is also possible.

The app features services such as MoreTyme, which offers interest-free installments, SendMoney, which allows you to send money to someone without a TymeBank account, and GoalSave, which provides a high-interest savings rate of up to 8 percent. All you need to do is download the app to open your account for free.

Convenient banking

TymeBank's mission is to offer you a better online banking experience. With the app, you can earn 8 percent per annum on your savings without maintaining a balance. There's also MoreTyme, where you can purchase something in installments with zero interest fees, so long as you meet the minimum requirements. Sending money to your loved ones is also easy, as you can make free transfers with just their phone numbers.

The app also allows you to purchase airtime, data, and digital vouchers for different subscription services, so you can stay connected without the hassle. Paying off your bills is also possible with the plethora of available billers in the app, which ranges from broadcasters, merchants, credit cards, government agencies, and educational institutions—and you can do it with no additional charges.

However, all these features can only be enjoyed by people in South Africa. Although the app provides numerous benefits, it's still pretty common for digital banks to be geographically restricted due to finance technicalities. Still, if you live in South Africa, you're in for a treat as this app is a solid service that lets you bank from your home.

A new level of banking

TymeBank aims to provide a better online banking experience for its customers, such as 8% interest on savings without maintaining a balance. However, it's important to note that the app's number of exciting benefits are only available to customers in South Africa due to geographical limitations. Despite this, the app is a great option for those looking to bank from home.