Services
SendMoney to anyone with a SA cellphone quick! Quick!
It’s instant. It’s easy, and if you’re both with TymeBank, SendMoney is free.
How SendMoney works
For starters, you need an EveryDay account to SendMoney. Then you can send money to anyone with a valid SA cellphone number (no bank account needed). They can withdraw the money for R3 at any Pick n Pay or Boxer till point or, if umngani wakho also has an EveryDay account, they can withdraw it from any ATM for R10 per R1000.
What it costs and how much you can send
- To SendMoney from TymeBank to another TymeBank account holder is FREE.
- To SendMoney TymeBank to non-TymeBank costs R7 per transaction. For example, if you send R500 the person receiving it will get R493 (R500 – R7 fee). Or add R7 to the amount you’re sending so that the person getting the money can cashout the full R500 (e.g. R500 + R7 = R507).
- So for example: if you’ve already spent R100 on airtime, you have a balance of R4 900 to send. The total amount for all value-added services (which includes prepaid electricity, airtime, data + SMS bundles) is R5 000 per day, dependent on your profile.
- Learn more about our different EveryDay account profiles here, and about our fees and pricing here.
How to use SendMoney
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
Check that you have your friend, bae, or aunty’s details 100% right and 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.
The total amount for all value-added services (which includes electricity, airtime and SendMoney) equals to R5000 per day. If you have used R100 for an electricity purchase, your balance will then be R4900 to use for the day.