Get Cash Out in a Flash with GoTyme Bank

Accessing those Randelas just got a whole lot easier – and faster – with GoTyme Bank’s Flash Withdrawals, now available nationwide. So, whether you’re heading out with your buds at the weekend and want to pocket some ching-ching, or need cash in a hurry to pay your neighbour (the queen of the knotless boho box braid), Flash vouchers make your money more mobile, bringing you so much closer to living that soft life.

What are GoTyme Bank Flash Withdrawals?

GoTyme Bank’s Flash Withdrawals are a smart, safe alternative to ATMs to get your cash out and into your pocket in … well … a flash.

Flash Withdrawals are an innovative cash out service, powered by GoTyme Bank and the ‘Flash green cow’, that takes the hassle out of traditional banking and clears the way for you to withdraw cash (without wasting time and money playing ‘hunt the ATM’), or send and receive funds within South Africa, securely from thousands of convenient locations near you. You can access Flash Withdrawals directly from your phone.

Why are Flash Withdrawals better than using an ATM?

1. They are instant, reliable and secure: Flash Cash vouchers are instant – that means no waiting – and they are also digitally encrypted, protecting you and/or the receiver of sent funds from potential fraud. And because the Flash Cash voucher is a virtual one rather than a physical paper one, it’s less likely to get lost, stolen or damaged.
2. Linked to a massive nationwide network: Unlike ATMs, which are slowly being phased out, with a Flash Cash voucher, you don’t have to waste your time or taxi money trying to find one. The Flash network is made up of more than 172 000 merchants, spazas and traders across South Africa, so it’s easy to find cash out options almost anywhere.
3. You make a huge saving on fees: There’s a R7 flat-fee charged on every transaction you make using Flash Withdrawals that’s added on-the-spot to the total amount you’d like to withdraw. That means no nasty hidden-fee surprises when you check your statements.

How to withdraw cash in a flash

To get your hands on some cash, all you have to do is:

• Make sure you’re using the phone that’s linked to your GoTyme Bank Current account and that you have enough cash in your account to honour the amount you’d like to withdraw.
• Dial *120*543# to generate a GoTyme Bank Flash Cash voucher.
• Follow the prompts on-screen to allocate the amount of money you’d like to withdraw and wait to receive your Flash Cash voucher, which you can cash out at more than 172 000 Flash merchants, spazas and traders nationwide. Just look for the Flash green cow logo so you know where to go.
• Visit the Flash merchant nearest to you and present your Flash Cash voucher to the cashier – as long as they have sufficient funds in the till, you can get your moolah.
• Collect your cash and you’re good to go!

All Flash devices have been configured to accept the GoTyme Bank Flash Cash voucher. Just remember that a flat-fee of R7 per transaction will be added to your withdrawal amount – so, let’s say you want to generate a R350 voucher, you’ll pay a total of R357 from your GoTyme Bank Current Account.

How to send cash in a flash

It’s just as easy to send up to R5 000 in a flash as it is to withdraw it. All you have to do is:

• Using the cellphone number linked to your GoTyme Bank Account, dial *120*543# then follow the on-screen instructions.
• Double check the amount you want to send, as well as the cellphone number you’re sending money to. Remember, once you click ‘Confirm’ to send the cash, you can’t get it back. If the number is wrong, click 2 to cancel or 0 to go back to the main menu and try again.
• You will get a confirmation message once the money has successfully been sent. Tap ‘Dismiss’ if you’re done.

To access cash that’s been sent:

• GoTyme Bank to GoTyme Bank: The money will be in your Current Account the moment it’s been sent.
• You can withdraw it from any Flash merchant or participating store till points for FREE.
• GoTyme Bank to another bank: You’ll get an SMS with a 10-digit voucher number the second the money’s been sent. Take this voucher number to any Flash merchant or participating retailer till points to cash it out. There’s a R7 flat-fee for doing so.

Open a GoTyme Bank Account today

You can access tools to help you budget better and save towards your financial goals by opening a GoTyme Bank Account in less than five minutes. The GoTyme Bank app gives you access to seamless transactions, a bank account with no monthly fee, and double SmartShopper points. Simply download the GoTyme Bank App or choose the option to open an account online to activate these benefits.

Here’s what you’ll need:

• A South African ID number
• An active South African cellphone number
  
• Be 16 years or older

Reach your financial goals with GoTyme Bank.