How to Send Money from TymeBank to Capitec, FNB, and Other SA Banks
TymeBank, a digital bank in South Africa, has made it easy for its customers to send money to other bank accounts in the country. If you have a TymeBank account and want to transfer funds to Capitec, FNB, or any other South African bank, this article will guide you through the process.
Using the TymeBank Mobile App
The TymeBank mobile app is a convenient way to manage your account and send money to other banks. Here’s how to do it:
Download and install the TymeBank app: If you haven’t already, download the TymeBank app from the Google Play Store or Apple App Store.
Log in to your account: Enter your username and password to access your TymeBank account.
Navigate to the "Pay" section: Tap on the "Pay" button at the bottom of the screen.
Select "Pay a beneficiary": Choose "Pay a beneficiary" from the options.
Enter the beneficiary details: Fill in the recipient’s name, account number, and bank name (e.g., Capitec, FNB, etc.).
Choose the payment method: Select "Immediate Payment" or "Batch Payment" depending on your needs.
Confirm the transaction: Review the transaction details and confirm the payment.
Using the TymeBank Internet Banking
If you prefer to use your computer to send money, you can do so via TymeBank’s internet banking platform. Here’s how:
Log in to your account: Go to the TymeBank website and log in to your account using your username and password.
Navigate to the "Pay" section: Click on the "Pay" tab at the top of the page.
Select "Pay a beneficiary": Choose "Pay a beneficiary" from the options.
Enter the beneficiary details: Fill in the recipient’s name, account number, and bank name (e.g., Capitec, FNB, etc.).
Choose the payment method: Select "Immediate Payment" or "Batch Payment" depending on your needs.
Confirm the transaction: Review the transaction details and confirm the payment.
Using Cellphone Banking (USSD)
If you don’t have access to the mobile app or internet banking, you can still send money using TymeBank’s cellphone banking service. Here’s how:
Dial 120543#: From your cellphone, dial 120543# to access the TymeBank USSD menu.
Select "Pay": Choose the "Pay" option from the menu.
Enter the beneficiary details: Fill in the recipient’s name, account number, and bank name (e.g., Capitec, FNB, etc.).
Choose the payment method: Select "Immediate Payment" or "Batch Payment" depending on your needs.
Confirm the transaction: Review the transaction details and confirm the payment.
Fees and Limits
TymeBank charges a small fee for transactions, which varies depending on the payment method and amount. Here are the fees and limits:
Immediate Payment: R10-R50 (depending on the amount)
Batch Payment: R5-R20 (depending on the amount)
Daily transaction limit: R5,000
Monthly transaction limit: R50,000
Conclusion
Sending money from TymeBank to Capitec, FNB, or other South African banks is a straightforward process that can be done using the mobile app, internet banking, or cellphone banking. Make sure to have the recipient’s account details and follow the steps outlined above to complete the transaction. If you have any issues or concerns, you can contact TymeBank’s customer support team for assistance.
