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GoTyme Bank was officially launched in 2019 as a modern, digital alternative to any traditional South African bank. Being able to bank securely online comes with a host of benefits, including not having to stand in queues, and being able to carry less cash.
Initial products offered by the bank included the Current transactional account, which comes with a unique savings tool called GoalSave. Using this cutting-edge digital bank also means that you can make and manage payments with SendMoney. Since launching, GoTyme Bank have added a host of other bank products, including a GoTyme Bank credit card and business banking facilities.
As a digital bank, GoTyme Bank also enables the running of debit orders and enables you to manage your beneficiaries and manage your profile information and settings, all from the palm of your hand!
As a GoTyme Bank customer, you can also buy prepaid electricity, airtime, data, and SMS bundles.
GoTyme Bank has also recently joined forces with one of South Africa’s biggest retailers, The Foschini Group (TFG), to take this modern, digital bank to the next level. Interested customers can now open a bank account called a GoTyme Bank TFG Money account at over 600 TFG store kiosks across the country.
Using a GoTyme Bank card entitles you to earn Pick n Pay Smart Shopper points when you swipe at any till point anywhere. Customers can also earn Smart Shopper points when they shop online and when they buy fuel from a BP garage using a GoTyme Bank card.
More and more customers are realising the benefits and money that can be saved by going digital.
For anyone interested in switching their salary to their GoTyme Bank account, this can be done easily and quickly by logging into the GoTyme Bank SmartApp or internet banking and clicking on your Current account. You can then follow the prompts to receive an email with your Proof of Banking Account letter which you can then simply forward to your employer.
If you have debit orders that you need to be switched, then you can send the same letter to the payments department of the company debiting the amount and request that they update their systems with your new banking details. It really is modern banking that makes life easier.
An exciting payment method from GoTyme Bank is called MoreTyme which gives you more time to pay things off with no interest. This product requires no activation fee, no lay-bys, and no monthly fees, so you will never have to pay more than the original purchase price of what you use MoreTyme to pay for.
Since it was introduced as South Africa’s first fully digital bank over three years ago, GoTyme Bank continues to up their services and benefits. The bank now has almost 6.5 million customers in South Africa who have downloaded the app or have taken the simple steps to open an online bank account. Bank, shop and be rewarded, it has never been easier or quicker. Click here to find out more about what GoTyme Bank has to offer.