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

A pricing change will take effect on 1 January 2021

R3 per transaction

Cash withdrawal with debit card at till point @ other retailers
Debit card balance enquiry at ATMs

R6 per transaction

The first cash or Visa debit card deposit free.
Thereafter, each deposit made at Pick n Pay and Boxer till points is R6 per R1 000 or part thereof

R9 per transaction

Withdrawing cash at an ATM (R9 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 deposits	R21 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 transation	Daily
Payment (EFT)	R100 000	R200 000
Prepaid Purchase	R3 000	R3 000
SendMoney - EFT	R100 000	R200 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
Cash Withdrawals @ Till point	R5 000	R5 000
Debit Card Purchase	R50 000	R50 000
Online Purchases	R25 000	R25 000
Cash Deposits @ Till point (Debit Card and TymeCode)	R5 000	R21 995
Debit Orders	R200 000	R200 000
Total daily limit of Cash Withdrawal @ ATM and Till point (Debit Card & TymeCode), and Send Money Voucher	R-	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

Enter details

Login to your EveryDay account online and click on SendMoney. Then enter the cellphone number of the person you’re sending money to and the amount you want to send.

Double check

Make sure you’ve got the total amount and the supplier, vendor or employee’s details 100% right. Yes? Then click Confirm. Once you’ve made this payment it can’t be undone

Sending TymeBank to TymeBank?

The money you’ve sent instantly goes into the receiver’s TymeBank EveryDay account and they get an SMS to let them know it’s arrived.

Sending TymeBank to non-TymeBank

The person you’re sending money to will get an SMS with the Rand value and a 10-digit voucher number. This number is valid for 7 days.

Frequently asked questions

Yes. We know that your business goals are separate from your personal goals. So, just like your EveryDay personal account, you can create up to 10 different business savings goals in your EveryDay Business account with no restrictions, fees, penalties, or debits and earn the same great interest.

Remember that your limits are the same across both accounts, so you can only have R100 000 saved across all your GoalSaves.

Need more help?

Visit our help center