Money Stories

Open a Bank Account Using the GoTyme Bank APP in 5 Minutes

03 Sep 2025
Banner

Banking Apps have come a long way, imagine, it’s a cool Autumn morning, and you are at home brewing a fresh pot of coffee. Before it’s ready to sip, you could also have a brand new GoTyme Bank account set up, putting you in control of your financial future. Yes, that’s how easy it is to open a bank account with a GoTyme Bank App!

You may ask, “Well, what about the long queues and the stacking pile of paperwork?” Forget about it! Opening a GoTyme Bank account is hassle-free and takes five minutes or less, letting you enjoy modern banking at your fingertips. Let’s get started!

Opening an account has never been easier

You are just a few taps away from banking like a pro. The GoTyme Bank banking app provides seamless transactions, a bank account with no monthly fee, and double Smart Shopper points when you pay with your GoTyme Bank card. Download the GoTyme Bank app from the App Store or Google Play for a superb banking experience.

All you’ll need to get started is:

  • A South African identity number
  • A valid South African mobile number
  • To be aged 16 or over

Once you have the banking app on your phone, you’ll be prompted to fill in the necessary info and upload your documents. You’ll then take a quick selfie on the banking app to verify your account biometrically (just make sure you have good lighting). And Bob’s your uncle!

Set up a Virtual Card on the GoTyme Bank App

Virtual cards have undoubtedly flipped the script on traditional banking. These are bank cards that live in digital form. So, there’s no need to carry a plastic bank card that could easily get lost, stolen, or skimmed. Instead, your virtual card lives on the app, with its card number, expiration date, and CVV code, for a much safer banking and shopping experience.

If you would like to use your virtual card in person, you can activate Samsung, Google, and Garmin Pay on the GoTyme Bank banking app.

Ready to get started? Once you are a GoTyme Bank customer, you’re just a few clicks away from your virtual card instant approval.

Here’s how to set it up:

  • Update your GoTyme Bank App: Make sure you have the latest version installed on your smartphone for a seamless experience.
  • Log in: Open the app and sign in using your credentials.
  • Navigate to the ‘Your Card’ section: Follow the prompts to activate your virtual card.
  • Activate and shop: Once approved, your virtual card is ready to use instantly.

Get the most out of your GoTyme Bank App

There is so much more that you can do on the GoTyme Bank app once you’ve opened your account. See it as a gateway to achieving financial well-being with features such as:

  • SendMoney allows you to send cash to anyone with a valid South African cellphone number, even if the recipient doesn’t have a GoTyme Bank account. Remember, sending to another GoTyme Bank account holder is free. Enjoy instant money transfers with no waiting periods or sending times.
  • Got some bills to settle? Pay service providers directly through the app.
  • MoreTyme lets you buy now and pay later in three interest-free, flexible instalments.

The best part? GoTyme Bank’s real-time notifications always put you in the driver’s seat and in control of your spending.

Open a Current + Business Account

Perfect for entrepreneurs or those with side hustles. It’s super easy to activate – no need to register for a separate account. Just head to your profile on the app, and you will be able to enable the Business Benefits option. You’re now able to manage personal and business finances in one place.

Here’s a step-by-step guide:

How to open a GoTyme Bank Current Account Plus with Business Benefits:

  • Launch your GoTyme Bank app
  • Select My Profile
  • Choose My Details
  • Go to Business Benefits and click Get Started
  • Press the Enable button
  • Complete all your company information and click Submit

Buy electricity and airtime vouchers on the app

GoTyme Bank lets you stay connected with your loved ones without being left in the dark. The banking app allows you to quickly buy prepaid airtime, data, SMS bundles, or electricity without needing to dash to a physical store.

Select your provider, enter the amount or mobile number, and touch Buy Prepaid from the app’s home screen. Because your purchase is processed instantaneously, you can get back online or power up immediately.

Did you know? Unlike other banks, GoTyme Bank doesn’t charge any transactional fees for airtime top-ups, so you get more talk time for less.

Secure your transactions with a GoTyme Bank Virtual Card

GoTyme Bank’s app prioritises security, and the virtual card feature elevates it to a new level. Remember that your virtual card, compared to a physical one, is safely stored within the app, lowering the possibility of fraud when you shop online. You can purchase from new websites with confidence because you can create an entirely new virtual card for every transaction.

You can quickly freeze or remove the virtual card without compromising your primary account if you ever detect a problem. Also, you can still get Smart Shopper points when you shop at Pick n Pay because it’s linked to your Current account.

Open a GoalSave on the GoTyme Bank App

Are you saving for a dream holiday, a new gadget, or a rainy day? The GoTyme Bank app’s GoalSave feature makes it fun and rewarding. You can open up to 10 GoalSave accounts in the app, each with its name and target amount.

From the home screen, tap “GoalSave,” choose “Create New Goal,” and set your savings plan. What’s exciting is the interest rate – up to 10% per year, one of the best in South Africa. Your savings grow faster, and you can track progress. GoalSave also lets you access your money when needed, though keeping it longer boosts your interest. It’s a smart way to make your money work as hard as you do.

Open a GoTyme Bank Account today

So, why wait? Download the GoTyme Bank app or open a GoTyme Bank Account online to activate these benefits.

All you’ll need is:

  • A South African identity number
  • A valid South African mobile number
  • Be aged 16 or over

The GoTyme Bank app is a partner in making your financial life safer and easier, not merely a banking tool. Every feature, including the five-minute account opening process, virtual card setup, airtime purchase, and GoalSave savings, is made to make your life easier.

After signing up in less than five minutes, you’ll ask yourself why you didn’t sign up sooner. Download the GoTyme Bank app now from the Google Play Store or Apple App Store. Never has banking been better.