Accounts

Mzansi-preneurs know that business is about getting things done

Vula iEveryDay Business account online in less than 5 minutes. No paperwork and no monthly fees. It’s a great way to keep your money and your business money apart.

Why open an EveryDay Business bank account with us

Keep the hassle out of your hustle. Get bank statements and proof of account noma nini

Save on cash handling fees. Withdraw money mahala and your first cash deposit every month is also FREE

Earn Smart Shopper points EVERYWHERE you shop and DOUBLE in Pick n Pay stores

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Open 10 GoalSaves for your business goals and 10 for your personal goals. Earn up to 7%* interest per year

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Pay multiple vendors, employees (anybody) straight to their bank account or Mzansi cellphone number

Coming Soon

A free app to manage stock lists, sales history and customer lists. Appsolutely simple. Tap-tap.

Coming soon

Skip cash handling worries. POS devices that put the money straight into your account

Coming Soon

Keep things between the you-you and the business-you tight

The EveryDay Business account won’t tie you up in red tape. It’s easy to open and it offers all the essential banking needs for your business.

Your customers only pay for what they buy. The same with us. You get a bank account with no monthly fee and low to no transaction fees.

Don’t have an EveryDay Personal account?
Open yours now.

Just some of what you get mahala

  • Monthly bank fee
  • Debit card purchase transactions
  • Online purchase transactions
  • Bulk payments (TymeBank to TymeBank and TymeBank to non-TymeBank)
  • First till point deposit
see what else you get for free

Pay only for the banking you use

R2

R2 per transaction

  • Payment to non-TymeBank accounts
  • Debit order payment to a 3rd party
R4

R4 per transaction

  • The first cash or Visa debit card deposit free.
  • Thereafter, each deposit made at Pick n Pay and Boxer till points is R4 per R1 000 or part thereof
R8

R8 per transaction

  • Withdrawing cash at an ATM (R8 per R1000)
  • Late payment reversal to TymeBank
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Always know what banking is going to cost you

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Tell us more. Get more

The EveryDay Business account is linked to your Personal account profile, making it easy to see which money is yours and which money belongs to your business. It’s a cleva way for VAT and non-VAT registered sole traders to bank.

It also means that your limits are shared between your Personal and Business accounts.

Note: The more we know about you, the more we can give you, which is why you need to have a ‘Getting to Know You’ or a ‘Good Friends’  bank profile with us to open a business account.

To update your profile, visit a TymeBank kiosk and confirm your name, ID number, thumbprints, residential address and more (no documents required).

EveryDay Business account limits

Maximum account balance EveryDay account + GoalSave(S) R700 000

Maximum for GoalSave(S) is R100 000

R200 000
Total of payments, prepaid purchases, send money, cash withdrawals, card purchases and online purchases (see detailed daily transaction limits below)R200 000
Cash depositsR21 995
R1 400 000
Total of payments, prepaid purchases, send money, cash withdrawals, card swipes and online purchases *Note that cash deposits are limited to the maximum account balance limit.R1 400 000
Per transationDaily
Payment (EFT)R100 000R200 000
Prepaid PurchaseR3 000R3 000
SendMoney - EFTR100 000R200 000
SendMoney - VoucherR5 000R20 000
SendMoney USSD (EFT or Voucher)R3 000R3 000
Cash Withdrawals @ ATMR5 000R5 000
Cash Withdrawals @ Till point (Debit Card & TymeCode)R5 000R5 000
Cash Withdrawals @ Till pointR5 000R5 000
Debit Card PurchaseR50 000R50 000
Online PurchasesR25 000R25 000
Cash Deposits @ Till point (Debit Card and TymeCode)R5 000R21 995
Debit OrdersR200 000R200 000
Total daily limit of Cash Withdrawal @ ATM and Till point (Debit Card & TymeCode), and Send Money VoucherR-R21 995

Remember: cash deposits are limited to the maximum account balance limit & that there are also limits applicable per transaction.

How to get the most out of your account

Frequently asked questions

Need more help?

Visit our help center