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 storeslearn more
Open 10 GoalSaves for your business goals and 10 for your personal goals. Earn up to 7%* interest per yearLearn more
Pay multiple vendors, employees (anybody) straight to their bank account or Mzansi cellphone numberComing 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 accountComing 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
Pay only for the banking you use
A pricing change will take effect on 1 January 2021.
R2 per transaction
- Payment to non-TymeBank accounts
- Debit order payment to a 3rd party
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 per transaction
- Withdrawing cash at an ATM (R8 per R1000)
- Late payment reversal to TymeBank
Always know what banking is going to cost you
view all fees
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
|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|
|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
Need more help?Visit our help center