How do I send money instantly to my child at varsity with PayShap?

Send them an Instant Payment via PayShap from the GoTyme Bank app using their cellphone number or account number. The money arrives in their account instantly at any time of day. It is free up to R5,000. That covers most allowances, textbooks and emergencies.

For the 10pm "I need money" message

It is late, they have run out of data or need a lift home. With PayShap and GoTyme Bank you do not have to wait for the next business day for an EFT to clear. Tap Pay, choose to pay a cellphone number, select their bank and confirm. You see their registered name before you send, so you know it is going to the right account.

Let them send you a Payment Request

If their bank offers Payment Requests via PayShap, your child can send you one for exactly what they need, with a reference like "Chem textbook". It arrives in your banking app and nothing leaves your account until you approve it, so you stay in control.

What it costs

Instant Payments up to R5,000 are free and a flat R7 applies from R5,001 up to the R50,000 limit. If you both bank with GoTyme Bank, GoTyme to GoTyme payments up to R500,000 are always instant and always free, which makes the monthly allowance completely free to send.

Open the GoTyme Bank app and send money instantly via PayShap.