Rating based on 9 reviews

Tyme Bank


  • Financial advice
  • Free day to day banking
  • No monthly fees

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Tyme Bank homepage

Author Tyme Bank. Screenshot of Tyme Bank website. [Accessed September 1, 2021]

About Tyme Bank

TymeBank was formed with a specific mission in mind; to encourage South Africans to take control of their money safely, and responsibly. 

While the more well-established banks in our country are difficult to contend with, TymeBank has set itself firmly among them, bringing quality and excellent service. South African clients enjoy safe and secure banking, with the same service and convenience you’d expect from a larger bank.

Who is TymeBank?

TymeBank is a local financial services provider, whose majority shareholder is African Rainbow Capital. We’re a 100% black-owned company and controlled investment group, who saw an opportunity to fill the void left by other banks. 

This was to deliver reliable service and customer control back to banking as a whole. Our policy is fluid, transparent, and tailor-made for each of our clients, but is ultimately governed by three principles, which we hold dear to our hearts.

Our three governing principles

Our principles are simple, yet chivalrous in nature and designed to work hard and deliver for our customers. Firstly, we do everything we can to empower our clients and the businesses that utilize our services. We strive to help grow potential in those who bank with us, and provide them with the means to reach their maximum growth. From personal to business loans, we're here to deliver value.

Secondly, we believe every South African has the right to be in control of their finances, which we give them the ability to do. And lastly, we feel every client has the right to safe banking, knowing that their money is secure and knowing exactly what is happening with it at all times. 

How we bring these principles to you

TymeBank doesn’t thrive on false promises and shaky ideals, like some other finance companies. TymeBank brings its clients solid advice and accessible functions.

Tyme Bank Services

Some might worry that having access to our unique approach to personal finance would be an expensive endeavour, but it’s not.

We pride ourselves on being 100% fee free on our day-to-day banking policies, and charge you the lowest rate possible for more complicated transactions.

What you get out of an EveryDay account with TymeBank

Our EveryDay account is well sought after and with good reason.

We supply you with a free debit card which you can use to access and operate your 100% free account. No monthly fees are something we pride ourselves on. 

And with a restriction-free, safe and secure account, this is rare to come across.

We don’t even expect you to sign unnecessary documents, as we know that this part of the banking process is outdated and time-consuming. 

Our accounts even earn you money while you use them

Aside from our EveryDay account, we have an account called a GoalSave, which is essentially a savings pocket attached to your transactional savings account.

You can grow your money quickly and have up to ten GoalSaves open, each which could be earning you a whopping 10% interest. 

These rates are sought after by discerning customers looking for the most beneficial account in the personal finance game.

More complicated transactions like manual transfers will incur a small fee. All our accounts operate on a pay-as-you-use principle, and we avoid charging you any of your hard earned money wherever we can. 

Tyme Bank – Online banking

  • Loan Type Online Banking

Benefits of Tyme Bank

  • Quick and easy everyday account
  • No monthly fees
  • Free day to day banking

South Africa's leading accounts - ready to serve you

We have a variety of accounts, and each account or service has its own benefits, and unique online application. How you take advantage of these accounts is up to you, as with all our features. This sort of control is a desirable quality in any account, and just one of many benefits we offer. 

We’re even geared to make your online shopping less difficult, as it has become such a practical, widespread and easy to use service these days. Just one more thing we do to make your life easier.

Our primary accounts

The EveryDay account

  • This account is 100% free on day-to-day usage
  • No monthly fees
  • Bank charges only for special, out of the ordinary transactions

The GoalSave account

  • Grows your money every month
  • Can earn up to 10% interest 
  • You can have up to ten active GoalSave accounts at a time

Other services you can enjoy

We also have two more complicated online banking services, though these do not always incur extra costs, as the aforementioned options.

The send money feature

This feature will be replacing our current MoneyTransfer feature, and you can use this feature as an effortless and affordable way to spend your money at designated outlets. All you need is a registered South African phone number and you’re good to go.

The TymeCoach feature

This is a distinguishing feature uniquely accessible to those who are account holders with TymeBank. This feature gives you full access to view your credit score at all times and even includes useful tips, tricks and financial advice on how you can use your money in a way that’s not only beneficial to you, but in a way that will grow it faster. 

You can see why it’s a brilliant idea to bank with TymeBank, and why so many South Africans are switching from the older, outdated banks to our modern and practical services. 

man holding thumbs up

Tyme Bank is a trusted & reliable provider of online banking

In our review, Tyme Bank adheres to the compliance criteria in accordance with the National Credit Act, where the granting the loan will not cause financial distress to the consumer.

Tyme Bank is a registered credit provider in South Africa: NCRCP 10774

Customer Reviews & Testimonials

February 2019

TymeBank makes me feel at ease with my accounts and the money in them, now that I really do have complete control. 5/5 for TymeBank.

Winfred H
— Port Elizabeth —

August 2019

I’ve been banking with TymeBank for a while now, and I’ve never once regretted the switch to their service. Excellent bank.

Maurice W
— Cape Town —

December 2019

TymeBank showed me how much better their approach to banking is, and I’ve been with them ever since. I won’t bank with anyone else again.

Barry T
— Port Elizabeth —

Tyme Bank Contact

Contact Number


  • not available


Physical Address

Opening Hours

  • Monday 08:00 – 17:00
  • Tuesday 08:00 – 17:00
  • Wednesday 08:00 – 17:00
  • Thursday 08:00 – 17:00
  • Friday 08:00 – 17:00
  • Saturday 09:00 – 15:00
  • Sunday 09:00 – 15:00