No docs. No monthly bank fees. Add a business account to your EveryDay profile online for free, in less than 5 minutes.
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Your profits stay in your pocket. Only pay for banking you use.
Ditch the suit and tie. Open your free business bank account online.
Keep the friendship between you-you and the business-you, tight.
Keep the hassle out of your hustle. Get bank statements and proof of account at any time.
It’s the biz. Shop everywhere and withdraw money at Pick n Pay or Boxer tills for free. Pay only R8 per R1 000 to withdraw money at any ATM in South Africa.
Earn Smart Shopper points wherever you shop and double points when you swipe and pay at Pick n Pay.
Open 10 GoalSaves for your business goals and 10 for your personal goals. No restrictions, fees or penalties. Just up to 10%* savings interest per year and a total limit of R100k across both.
Manage stock lists, sales history and customer lists. Tap-tap.
Money straight in to your account. No more cash handling worries.
Save time and pay vendors, employees, or anybody directly to their bank account or cellphone number.
Your customers only pay for what they buy. The same with us. You get a business bank account with no monthly fee and low to no transaction fees.
Click here to read our full terms and conditions for the EveryDay Business account.
|Monthly administration fee||Free|
|Smart App (App) subscription fee||Free|
|Internet Banking (IB) subscription fee||Free|
|Initial Debit Card||Free|
|Account statement (IB & App)||Free|
|Beneficiary payment notification (IB & App)||Free|
|Proof of account (IB & App)||Free|
|First deposit every month up to R5000||Free|
|Tymecode till point @ PnP & Boxer||Free|
|Debit card till point @ PnP & Boxer||Free|
|Debit card purchases||Free|
|Prepaid electricity (IB & App)||Free|
|Prepaid airtime, data & sms bundles (Internet Banking & App)||Free|
|Debit card till point @ other retailers||R2|
|Payment to other bank account||R2|
|Debit order (internal)|
Debit order (external - where your account is debited to pay a 3rd party)
|Tymecode till point @ PnP & Boxer (R4 per R1000 or part thereof)||R4|
|Debit card till point @ PnP & Boxer (R4 per R1000 or part thereof)||R4|
|Send money (account to Tymecode)||R4|
|Debit card other bank ATM||R2|
|Debit card other bank ATM (R8 per R1000) or part thereof||R8|
|Declines, disputes, and reversal fees|
|Debit order dispute: within 40 days#||Free|
|Decline fee* (due to insufficient funds or incorrect PIN)||R2|
|Late payment reversal to Tymebank||R8|
|Debit order dispute: Older than 40 days||R40|
|Late payment reversal to other banks||R40|
|Unsuccessful debit card dispute||R40|
|Debit card replacement fee||R40|
Note: Monthly and daily limits are applicable. These limits are SHARED across both the EveryDay Personal and EveryDay Business accounts.
This is great! We know enough about you to consider you a good friend, and therefore you’re on the highest profile limits. We’ve been able to verify who you are from a great fingerprint match, and we have been able to verify your address. High five!
Maximum Account Balance
|Everyday Account + GoalSave(S)||R500 000|
|Maximum for GoalSave(S)||R100 000|
|TOTAL MONTHLY limit of payments, prepaid purchases, send money, cash withdrawals, debit card purchases, debit orders and online purchases||R1 000 000|
Transaction & Daily limits
|TOTAL DAILY limit of payments, prepaid purchases, send money, cash withdrawals, debit card purchases, debit orders and online purchases||N/A||R100 000|
|Payment (EFT)||R100 000||R100 000|
|Prepaid Purchase||R3 000||R3 000|
|SendMoney - EFT||R5 000||R20 000|
|SendMoney - Voucher||R5 000||R20 000|
|SendMoney USSD (EFT or Voucher)||R3 000||R3 000|
|Cash Withdrawals @ ATM||R5 000||R5 000|
|Cash Withdrawals @ Till point (Debit Card & TymeCode)||R5 000||R5 000|
|TOTAL DAILY limit of Cash Withdrawal @ ATM and Till point (Debit Card & TymeCode), and Send Money Voucher||N/A||R21 995|
|Debit Card Purchase||R25 000||R25 000|
|Online Purchases||R10 000||R25 000|
|Cash Deposits @ Till point (Debit Card and TymeCode)||R5 000||R20 000
|Debit Orders||R100 000||R100 000|
Note that cash deposits are limited to the maximum account balance limit & that there are also limits applicable per transaction.
At all times remember that the profile limit is R500 000
Paperwork is not for today’s Mzansi-preneurs. No need for that. Just login to your EveryDay Personal account on our Internet Banking site.
On Internet Banking, click on ‘Business’ at the top of your screen and answer some basic questions to create your EveryDay Business account.
Visit a TymeBank kiosk at a Pick n Pay or Boxer store to get your personalised Visa debit card.
Note: You need to have an EveryDay Personal account with a ‘Good Friends’ bank profile to open an EveryDay Business account. To update your profile, visit a TymeBank kiosk and confirm your name, ID number, thumbprints, and residential address (no documents required).
Yes. If you are currently earning Pick n Pay Smart Shopper points from your personal […]Read this answer
Yes. Non-VAT registered and VAT registered Sole Traders can register for our EveryDay Business account.Read this answer