Need to Increase Your Daily Limit on TymeBank? Here’s How
TymeBank is a popular digital bank in South Africa that offers a range of convenient and accessible banking services to its customers. One of the features that sets TymeBank apart from traditional banks is its daily limit on transactions. While this limit is in place to protect customers from potential fraud and unauthorized transactions, it can sometimes be restrictive for those who need to make larger transactions.
If you’re a TymeBank customer who needs to increase your daily limit, you’re in luck. In this article, we’ll guide you through the process of increasing your daily limit on TymeBank.
Why is there a daily limit on TymeBank?
Before we dive into the process of increasing your daily limit, it’s essential to understand why TymeBank has a daily limit in place. The daily limit is a security measure designed to protect customers from potential fraud and unauthorized transactions. By limiting the amount of money that can be transacted in a day, TymeBank reduces the risk of customers losing large amounts of money in the event of a security breach.
How to increase your daily limit on TymeBank
Increasing your daily limit on TymeBank is a relatively straightforward process. Here are the steps you need to follow:
- Log in to your TymeBank account: Start by logging in to your TymeBank account using the TymeBank app or website.
- Go to the "Settings" menu: Once you’re logged in, navigate to the "Settings" menu, which can be found on the top right-hand corner of the screen.
- Select "Account Settings": From the "Settings" menu, select "Account Settings."
- Click on "Daily Limit": Within the "Account Settings" menu, click on "Daily Limit."
- Enter your new daily limit: Enter your desired daily limit, making sure it’s within the allowed limits set by TymeBank.
- Verify your identity: To complete the process, you may be required to verify your identity using a one-time password (OTP) sent to your registered mobile number or email address.
- Confirm the changes: Once you’ve entered your new daily limit and verified your identity, confirm the changes to update your daily limit.
Alternative methods to increase your daily limit
If you’re unable to increase your daily limit using the TymeBank app or website, you can try the following alternative methods:
- Visit a TymeBank kiosk: You can visit a TymeBank kiosk at a Pick n Pay or Boxer store and ask the staff to assist you with increasing your daily limit.
- Call the TymeBank customer service: You can contact TymeBank’s customer service team on 0860 999 119 to request an increase in your daily limit.
- Use the TymeBank USSD code: You can also use the TymeBank USSD code 120123# to increase your daily limit.
Things to keep in mind
Before increasing your daily limit, keep the following things in mind:
- Daily limits are subject to change: TymeBank may change its daily limits at any time, so it’s essential to check the TymeBank website or app for the most up-to-date information.
- Higher limits may require additional verification: If you’re requesting a significantly higher daily limit, you may be required to provide additional verification documents, such as proof of income or identification.
- Be cautious of fraud: Remember to always be cautious when transacting online and never share your login credentials or OTPs with anyone.
Conclusion
Increasing your daily limit on TymeBank is a relatively straightforward process that can be completed using the TymeBank app or website. By following the steps outlined in this article, you can increase your daily limit and enjoy more flexibility when making transactions. Remember to always be cautious when transacting online and never share your login credentials or OTPs with anyone.
