# GoTyme Bank

> GoTyme Bank, formerly TymeBank, is a licensed South African digital bank offering everyday accounts with no monthly fee, GoalSave savings pockets, payments and business funding. Its app, retail kiosks, cash partners and customer hubs combine digital banking with face-to-face help. The bank reported 13 million South African customers in May 2026.

- **Founded:** 2015
- **Headquarters:** Johannesburg, South Africa
- **Founders:** Coenraad Jonker (Co-founder of the original Tyme venture; group Founder and CEO), Tjaart van der Walt (Co-founder of the original Tyme venture)
- **Products:** Current Account, GoalSave, GoTyme Bank app, GoTyme Business Advance, Customer Hubs
- **Notable:** First profitable month in December 2023, documented in the June 2024 Pillar III disclosure., 13 million South African customers reported in May 2026., Tyme, including its South African and Southeast Asian entities, was included in TIME’s 100 Most Influential Companies in 2025.

## Products & services

- **Current Account** — No monthly fee, Visa debit card, payments and retail cash access; transaction and inactivity charges can apply.
- **GoalSave** — Savings pockets offering 6% per year and up to 10% with qualifying notice and withdrawal conditions; up to 20 pockets and R250,000 combined limit on the current product page.
- **GoTyme Bank app** — New South African app launched on 22 January 2026, migrating existing accounts and balances.
- **GoTyme Business Advance** — Unsecured business funding up to R5 million, priced with a fixed fee and tailored collection arrangements.
- **Customer Hubs** — Mall-based locations for human assistance, alongside continuing Boxer and TFG kiosks.
- **Apple Pay** — GoTyme debit-card payments on supported Apple devices.

## Achievements

- First profitable month in December 2023, documented in the June 2024 Pillar III disclosure.
- 13 million South African customers reported in May 2026.
- Tyme, including its South African and Southeast Asian entities, was included in TIME’s 100 Most Influential Companies in 2025.

## Latest updates

- **2026-10** — Card Swipe and Spend campaign launched for specified new or inactive card users; runs through November 2026 under published eligibility rules.
- **2026-05** — Employee ownership announced; bank reported 13 million South African customers and nearly 30 customer hubs, with around 100 planned.
- **2026-03** — Pick n Pay kiosks and double Smart Shopper benefit ended on 31 March; cash services continue.
- **2026-03** — Personal GoalSave bonus interest transaction-count requirement removed from 1 March.
- **2026-02** — TymeBank publicly announced its transition to GoTyme Bank on 4 February.
- **2026-01** — New GoTyme Bank app went live on 22 January.

## Links

- Website: https://gotyme.co.za
- LinkedIn: https://www.linkedin.com/company/gotymebankza
- Twitter/X: https://x.com/gotymebankza
- YouTube: https://www.youtube.com/@gotymebankza
- Instagram: https://www.instagram.com/gotymebankza
- Facebook: https://www.facebook.com/gotymebankza
- TikTok: https://www.tiktok.com/@gotymebankza

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Profile page: https://yespress.io/gotyme-bank
Published by YesPress — https://yespress.io
Last updated: 2026-10-11