TymeBank SendMoney is the cheapest money transfer banking facility in South Africa.
With SendMoney, you can transfer money from your TymeBank account to a working cellphone number.
And the best part?
Your money is sent securely to the recipient and can be accessed immediately for withdrawal.
Let's get started and show how much you can send.
How TymeBank SendMoney Works
The service is popularly known as "eWallet" in South Africa.
You can send cash to a total of R5 000.00 per day with TymeBank SendMoney. Compared to other banks, TymeBank charges you only R4 per transaction/ money transfer.
This service becomes the cheapest and most affordable way of sending money across South Africa. Other banks charge a minimum of R10 depending on the amount you want to transfer.
The recipient of this transaction can withdraw the money easily at any Pick n Pay or Boxer till point in South Africa.
It's that simple.
Want to know the best part?
Sending money is free when the cellphone number is associated with a TymeBank account.
How to transfer money using TymeBank
- Log in to TymeBank online or app;
- Go to Pay and the SendMoney;
- Enter the recipient's cellphone number and the amount you want to send;
- Confirm the details of the SendMoney transaction and click confirm;
- The person will get an SMS with a 10 digit voucher number, which is valid for 3 years.
How to Reverse Money using TymeBank?
Unfortunately, there isn't an option to reverse money transferred via TymeBank.
It's very important that before you send the money, always ensure the cellphone number is correct.
The only way your money will be reversed is when the recipient doesn't withdraw cash within 7 days. Your money will be reversed back to your account midnight of the 7th day since it was transferred.
Visit www.tymebank.co.za for information about SendMoney.