How to move money to GoTyme Bank in seconds

To move money from another bank into your GoTyme Bank account, send yourself a Payment Request. Send it in the GoTyme Bank app using your cellphone number or your account details at the other bank, then approve the request in the other bank's app. The money is paid into your GoTyme Bank account in real time with PayShap, and sending the request costs you nothing.

So you have opened your GoTyme Bank account. The next step is getting money into it, and right now your money is still sitting at your old bank. The usual route is a bit of a mission. Log into the other bank's app, add GoTyme Bank as a beneficiary, type in the account number, double check it and wait for the payment to clear.

A Payment Request skips most of that. Instead of pushing money out of your other bank, you pull it in from the GoTyme Bank app.

What is a Payment Request?

A Payment Request is a request for money that you send from the GoTyme Bank app. The person on the other side gets a notification in their banking app and either approves it or rejects it.

To move your money to GoTyme Bank, send a request to your own cell number/account at another supported bank, approve it there and the money is in your GoTyme Bank account seconds later.

A Payment Request uses PayShap, South Africa's real-time payment system, and it is the same system behind Instant Payments. That is why the money arrives in seconds rather than business days.

Something important to remember: A Payment Request never moves money on its own. Nothing leaves your other account until you open that bank's app and approve it.

How to move your money across

Two apps, about a minute.

• Open the GoTyme Bank app and select Payment Request.
• Tap to make a new request.
• Enter your cellphone number or your account number at the other bank, then pick that bank from the list.
• Add the amount and a reference so you recognise it later.
• Send the request.
• Open your other bank's app, find the request and approve it.

The money is paid into your GoTyme Bank account in real time and we notify you the moment it lands.

Do you need to sign up to PayShap?

You do not. There is no PayShap sign up, no separate registration and no PayShap option to select when you make a Payment Request from GoTyme Bank. PayShap is the system underneath, not a product you opt into. Payment Requests and Instant Payments simply run on it, which is what makes the money move in seconds.

Bring your money with you

Banking in more than one place should not mean waiting days for money that is already yours. Pull it across from the GoTyme Bank app in about a minute, with one approval on the other side.

Discover more on Instant Payments and Payment Requests.

Frequently asked questions

Can I send a Payment Request to myself?

Yes. Send a request to your own account at another supported bank and approve it yourself in that bank's app. It is the simplest way to bring your own money across.

Do I need to sign up for PayShap to use a Payment Request?

No. There is no PayShap registration and nothing to switch on. PayShap is the payment system that GoTyme Payment Requests and GoTyme Instant Payments run on, so it works from the moment your account is open.

Does it cost anything to move money using a Payment Request?

Sending a Payment Request from the GoTyme Bank app is free. Fees apply to the paying bank, so if the money is coming from your account at another bank, that bank's pricing applies when you approve. 

How quickly does the money arrive after I approve the request?

In real time. Payment Requests runs on PayShap, the same real-time system behind Instant Payments, so the money usually reflects within seconds.

Which banks you can pull from

You can send Payment Requests to African Bank, Capitec, FNB, Nedbank and Standard Bank.

Do I have to approve the request in my other bank's app?

Yes. Nothing moves until you approve it in the app of the bank the money is coming from.