Send Money Instantly with Your Phone in South Africa

Imagine it’s month-end, your nephew in Limpopo needs cash for textbooks, or your cousin in Cape Town is short on taxi fare. We’ve all been there – scrambling to help our loved ones across Mzansi, often at the mercy of long queues and expensive fees. But what if sending money was as easy as sending a WhatsApp message?

SendMoney by GoTyme Bank, South Africa’s first fully digital bank, solves these challenges by allowing people to send and receive funds safely, securely and hassle-free. Here’s how this game-changing service is making life easier for South Africans from all walks of life.

Why choose GoTyme Bank for sending money?

GoTyme Bank has designed SendMoney with the unique needs of South Africans in mind. In a country where many families live far apart, traditional money transfer methods can be slow, inconvenient, and costly. SendMoney eliminates these issues, offering a solution for South Africans.

SendMoney allows you to transfer funds instantly to anyone with a South African cellphone number, regardless of whether they have a GoTyme Bank account. This incredible reach ensures that you can support your loved ones or make payments quickly and easily, no matter where they are in the country.

How to send money using your mobile number

One of the key features that sets GoTyme Bank’s SendMoney apart is its simplicity. You don’t need complex banking details or account numbers to transfer funds. All you need is the recipient’s cellphone number. Here’s a step-by-step guide on how to use SendMoney:

1. Log in to your GoTyme Bank app and click on SendMoney.
2. Enter the recipient’s cellphone number and the amount you want to send.
3. Double-check the details to ensure they’re correct.
4. Confirm the transaction.

It’s that simple! Sending funds to another GoTyme Bank Account holder is instant, with the funds transferred to their Current Account. Non-GoTyme Bank customers will receive an SMS with a 10-digit voucher number, which they can use to withdraw the cash at any Pick n Pay or Boxer store till point.

SendMoney via USSD

Don’t have the GoTyme Bank app? No problem! You can also use SendMoney via USSD. Simply dial *120*543# from the cellphone number linked to your GoTyme Bank account and follow the on-screen prompts. This feature ensures that SendMoney is accessible to all, even those without smartphones or data.

Benefits of sending money with GoTyme Bank

GoTyme Bank’s SendMoney service offers numerous advantages that make it stand out as a top money transfer option. Here are some benefits of using this service and why it’s becoming the go-to choice for many South Africans.

• Instant Transfers: One of the most significant advantages of SendMoney is the speed of transactions. Sending funds between GoTyme Bank accounts is instant. This means no more waiting for funds to clear or dealing with frustrating delays. Whether splitting a bill with friends or sending funds to a family member, the funds arrive in the recipient’s account immediately.
• Wide Reach: SendMoney also boasts an impressive reach. You can transfer funds to anyone with a South African cellphone number, even if they don’t have a GoTyme Bank account. This feature breaks down barriers and makes financial transactions more inclusive, allowing you to support friends, family, or business partners regardless of their banking situation.
• Affordability: Affordability is another crucial benefit of SendMoney. Transfers from one GoTyme Bank account to another are free, making it an economical choice for GoTyme Bank customers. Transfers to non-GoTyme Bank numbers are also affordable, with the recipient paying just R7 per withdrawal. This low fee structure makes SendMoney an attractive option for regular transfers or when sending funds to people trying to avoid high transaction costs.
• Convenience: Convenience is at the heart of the SendMoney service. With SendMoney, you can transfer funds anytime and anywhere using your mobile phone. Whether at home, at work, or on the go, you have the power to send funds at your fingertips. This 24/7 availability ensures you can manage your finances on your schedule, not the bank’s.
• User-friendliness: The user-friendly nature of the GoTyme Bank app is another significant advantage. The app is simple to use, making transfers a breeze even for those new to digital banking. Clear instructions, intuitive interfaces, and straightforward processes ensure that users of all ages and tech-savviness levels can use SendMoney confidently.
• Flexibility: Lastly, SendMoney offers flexibility in terms of transaction amounts. You can send up to R5 000 per transaction, allowing you to transfer larger sums when needed. This higher limit accommodates countless financial needs.

These benefits combine to make GoTyme Bank’s SendMoney a powerful tool for managing your finances and supporting others. Whether you’re looking for speed, affordability, convenience, or flexibility, SendMoney has you covered, providing a modern solution to the age-old need for quick and secure transfers.

Who can use SendMoney?

SendMoney tries to be inclusive and accessible to all South Africans. Here’s who can benefit from this service:

• GoTyme Bank account holders: Enjoy free, instant transfers to other GoTyme Bank accounts and low-cost transfers to non-GoTyme Bank numbers.
• Non-GoTyme bank customers: Receive funds easily using just your cellphone number, with the ability to withdraw cash at convenient locations.
• Individuals without smartphones: Use the USSD service for transfers without needing a smartphone or data.
• Businesses: Use SendMoney for quick, easy payments to suppliers or freelancers who may not have traditional bank accounts.

Open a GoTyme Bank Account today

You can access all the benefits of SendMoney for easy and simple money transfers 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 app or 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

GoTyme Bank’s SendMoney service offers a safe, secure, and simple solution for transfers in South Africa. With instant transfers, extensive reach, and robust security measures, SendMoney is changing how South Africans think about money transfers. Experience the future of banking with GoTyme Bank’s SendMoney today!