Send Cash and Withdraw on your Mobile with GoTyme Bank SendMoney services

Discover the convenience and speed of mobile money transfers with GoTyme Bank’s SendMoney services. Whether you bank with GoTyme Bank, South Africa’s first fully digital bank, or not, you can now send and receive cash securely using just a cellphone number anywhere in South Africa.

Here’s everything you need to know about GoTyme Bank’s SendMoney.

What is SendMoney?

SendMoney is GoTyme Bank’s instant mobile money transfer service that allows users to securely send cash to anyone with a South African cellphone number. With SendMoney, GoTyme Bank customers can transfer money to other GoTyme Bank account holders for free, with no waiting periods. Sending money from a GoTyme Bank account to a non-GoTyme Bank number costs the recipient just R7 per withdrawal. The service is easy to use through the GoTyme Bank app by simply entering the recipient’s cellphone number and the amount to send.

When sending money between GoTyme Bank accounts, the funds are instantly transferred into the recipient’s Current account and they receive an SMS notification. For transfers to non-GoTyme Bank numbers, the recipient gets an SMS with the amount and a 10-digit voucher number, valid for seven days, which they can use to withdraw the cash at any Pick n Pay or Boxer store till point. SendMoney offers a convenient, fast and affordable way to transfer money using just a cellphone, making it an attractive alternative to traditional money transfer methods.

Why SendMoney is designed for South Africans

SendMoney is the perfect solution for South Africans who need to send money to loved ones across the country. With many families living far apart, traditional money transfers can be slow, inconvenient and costly. GoTyme Bank’s SendMoney service eliminates these pain points, enabling instant, secure cash transfers to any cellphone number in South Africa.

Whether sending money to family in a different province, supporting a student away from home, or helping friends in need, SendMoney makes it easy and affordable to bridge the distance. By removing the barriers of time and geography, SendMoney keeps South Africans connected to the people who matter most, no matter where they are. In a country as vast and diverse as South Africa, this ability to send money quickly, safely and affordably is invaluable.

Benefits of SendMoney

GoTyme Bank’s SendMoney offers a hassle-free way to transfer money using simple cellphone banking. The key benefits include:

• Instant transfers: Send money to other GoTyme Bank account holders instantly, with no waiting periods.
• Easy to use: The user-friendly GoTyme Bank app makes sending cash a breeze. Just enter the recipient’s cellphone number and amount.
• Secure transactions: GoTyme Bank ensures your money transfers are safe and secure.
• Wide reach: Send money to anyone with a South African cellphone number, even if they don’t have a GoTyme Bank account.

What it costs and limits

• SendMoney with GoTyme Bank is an affordable way to transfer cash compared to traditional methods or other mobile money services.
• SendMoney from GoTyme Bank to another GoTyme Bank account holder is free.
• SendMoney from a TymeBank account to a non-GoTyme Bank account number costs just R7 per withdrawal for the recipient.
• You can send up to R5 000 per transaction.

How to SendMoney on the GoTyme Bank App

Follow these four simple steps to SendMoney via the GoTyme Bank app:

1. Enter the recipient’s details: Log in to your GoTyme Bank app and click on SendMoney. Enter the cellphone number of the person you’re sending money to and the amount you want to send.
2. Double-check: Check that the details of the person you’re sending money to are 100% correct and click ‘confirm’. You can’t reverse the payment once you’ve made it.
3. GoTyme Bank to GoTyme Bank: If sending to another GoTyme Bank account holder, the money you’ve sent reflects immediately in the recipient’s GoTyme Bank Current account. They also receive an SMS notification letting them know it’s arrived.
4. GoTyme Bank to non-GoTyme Bank: The non-GoTyme Bank account holder you’re sending the money to will receive an SMS with the amount received and a 10-digit voucher number. The voucher number is valid for seven days to withdraw the cash.

How to receive SendMoney

Receiving money sent to your account is just as easy:

1. GoTyme Bank customers: If you bank with GoTyme Bank, the cash will reflect immediately in your Current account the moment it’s been sent. You can withdraw the money from any ATM or at Pick n Pay and Boxer store till points for free.
2. Non-GoTyme Bank customers: If you don’t bank with GoTyme Bank, you will get an SMS with a 10-digit voucher number the second the money’s been sent. Take this voucher number to any Pick n Pay or Boxer store till point to withdraw the cash sent to you.

How to SendMoney via USSD

You can also use USSD to SendMoney if you don’t have the GoTyme Bank app:

1. Enter the recipient’s details via USSD: Dial *120*543# using the cellphone number linked to your GoTyme Bank account, then follow the on-screen prompts.
2. Double-check: You will be asked to confirm the amount and recipient’s cellphone number you’re sending money. Remember, once you send the cash, you can’t get it back. If the details are wrong, click 2 to cancel or 0 to return to the main menu.
3. Confirmation SMS: You will receive an SMS confirming your money was sent successfully.

More everyday banking

In addition to accessing SendMoney, your GoTyme Bank Current account also lets you buy prepaid electricity, airtime, data and SMS bundles from the app.

Open a GoTyme Bank Account today

You can access all the benefits of fast, affordable mobile money transfers with SendMoney 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 Smart Shopper points. Simply download the GoTyme Bank app or choose the option to open an account online to activate these benefits.

All you’ll need is:

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

Enjoy instant transfers, affordable fees, and the ability to send cash to anyone in South Africa, anywhere, anytime with GoTyme Bank .