Pay multiple business accounts at once. Done
Keep things simple and time-smart. Use Bulk Payments to settle the bills, the invoices, the salaries and any other bits and pieces in one go.
Why use Bulk Payments?
Dolo hassle. Make up to 30 different payments at a time
Pay money directly into different bank accounts
Send payments to different cellphone numbers
Pay TymeBank to TymeBank plus Tymebank to non-TymeBank accounts in the same batch
How Bulk Payments work
Fo’ starters, you need and EveryDay Business account to send Bulk Payments. Then you can pay up to 30 different invoices at once.
You can make Bulk Payment to any bank account or valid SA cellphone number and the receiver can withdraw the money from any Pick n Pay or Boxer till point mahala.
The even sweeter part is that you can make payments to a blend of TymeBank and non-TymeBank accounts and cellphone numbers in a single batch.
What it costs and how much you can send
- To make Bulk Payments from TymeBank to another TymeBank accounts or cellphone numbers linked to a TymeBank account is FREE
- To make Bulk Payments to non-TymeBank accounts or cellphone numbers not liked to TymeBank is R4 per transaction
- For example, if you send R400 the person receiving it will get R396 (R400 – R4 fee). So remember to add R4 to the amount you’re sending so that the person getting your payment gets the full amount they need.
- Another example, if you’re paying 10 people – 6 of whom have TymeBank accounts but 4 don’t – there will be a transaction cost of 4 x R4.
How use Bulk Payments
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