South Africa
activeNeobank
- HQ
- Sandton
- Fee
- Low / free core pitch — confirm live
GoTyme Bank
Ex-TymeBank. SARB digital bank. CODI R100,000. Free account on its own homepage.
Legal entity: GoTyme Bank Ltd (formerly Tyme Bank Limited)
Rate this app
7.2Solid
AlternativesFive questions
At a glance
Is it a bank?
Yes — Registered bank — GoTyme Bank Ltd (formerly Tyme Bank Limited) (SARB / Prudential Authority). Still read the entity on the statement.
If it fails?
GoTyme’s own footer: deposits insured by the Corporation for Deposit Insurance up to R100,000 per depositor in the unlikely event of the bank’s insolvency. FSP 49140. NCRCP 10774.
Salary?
A SARB bank account can take a South African salary. Confirm the account number you are issued.
Open from abroad?
South African KYC. The App Store tile is not a passport.
Monthly fee
Free banking on the homepage pitch — T&Cs apply
Account number
No IBAN-class local rail on this file.
NeoBankDBVerdict
Licence first · score second
7.2
/10 · Solid
GoTyme Bank is TymeBank under a January 2026 name. Same SARB bank. The operator footer still does the honest work: authorised financial services provider FSP 49140, registered credit provider NCRCP 10774, deposits insured by CODI up to R100,000 per depositor. The old TymeBank app retires on 6 September 2026; existing customers log into GoTyme with the same details. Bank Zero is the mutual-bank peer. Mama Money is remittance, not this file. Discovery Bank is the other big digital charter. This is a South African salary object if the account you open is the bank account — not a stokvel app with a Visa.
What it is
TymeDigital received a SARB operating licence on 28 September 2017 as Tyme Bank Limited (reg. 2015/231510/06 on older legal pages). The 2026 rebrand aligns the South African bank with the GoTyme name used in the Philippines. Directories that still say TymeBank are a year late.
Best for: South African residents who want a SARB digital bank with CODI, not a wallet.
Last checked 2026-09-02. Not advice.
What it does well
- +Named SARB bank
- +CODI R100,000 on the operator footer
- +Free-account pitch
- +Rebrand path is published (old app retires 6 Sep 2026)
What to watch
- −South Africa residency
- −Not a multi-currency travel bank
- −Brand change will confuse older directories
- −Savings rate is marketing — read the live T&Cs
Legal entity, not the app icon
Who is behind it
- Legal name
- GoTyme Bank Ltd (formerly Tyme Bank Limited)
- Formerly
- TymeBank / Tyme Bank Limited
- Offices
- 2nd Floor, 30 Jellicoe Avenue, Rosebank, Johannesburg 2196; Cape Town office at Bridgeside, Observatory
The product, not the brand colour
The account
- Platforms
- iOS · Android
- Account types
- Personal transactional · savings
- Partner bank
- GoTyme Bank Ltd
- Minimum balance
- R0 on the free-account pitch
- Lowest monthly fee
- R0 on the homepage — T&Cs apply
- Availability
- South Africa
- Support
- In-app chat · service@gotyme.co.za · 0860 999 119 / +27 11 327 6244
- Hours
- Customer care centre numbers published on the footer — confirm live hours
- Remote open
- South African KYC. The App Store tile is not a passport.
- Onboarding
- Download the GoTyme Bank app. Existing TymeBank customers log in with existing details.
- KYC documents
- SA ID / KYC as asked in-app.
- Salary / payroll
- A SARB bank account can take a South African salary. Confirm the account number you are issued.
- Local rails
- South African EFT / PayShap-class rails — confirm live in-app
How money actually moves
- Who holds the cash
- Bank balance
- How money moves
- In-app ledger
- Built for
- Personal
- Settlement
- App-ledger instant; bank rails per corridor
- Freeze risk
- Bank-grade; still not freeze-proof
- Card
- visa · physical · virtual · Google Pay
Licence first
Safety
GoTyme’s own footer: deposits insured by the Corporation for Deposit Insurance up to R100,000 per depositor in the unlikely event of the bank’s insolvency. FSP 49140. NCRCP 10774.
Holder / issuer: GoTyme Bank Ltd (formerly Tyme Bank Limited)
- SARB / Prudential AuthorityRegistered bank — GoTyme Bank Ltd (formerly Tyme Bank Limited) · South Africa
Fees
- Monthly
- Free banking on the homepage pitch — T&Cs apply
- FX markup
- Not a travel FX product
- ATM
- Confirm live (kiosk / partner network historically)
- Interest
- Savings rate is marketed live — confirm in-app, not this file
Features
- –IBAN
- ✓Fee-free core
- –Multi-currency
- –Apple Pay
- ✓Google Pay
- ✓Virtual card
- ✓Physical card
- –Metal card
- –Crypto
- –Stocks
- –Business
- –Kids
- –Halal
- SARB bank
- CODI R100k
- Free account pitch
- Kiosk / QR onboarding heritage
- Savings
Before you tap Sign up
How to open
Step 1
Get the new app
GoTyme Bank, not the retiring TymeBank app (6 September 2026). Existing customers use the same login.
Step 2
Pass SA KYC
South African ID. This is not an offshore account.
Step 3
Read CODI on the footer
R100,000 per depositor at this bank. Qualifying deposits only.
Score
- Safety25%
- 8.2
- Fees20%
- 8.6
- Features15%
- 7.4
- App15%
- 8.0
- Global15%
- 2.8
- Support10%
- 7.2
Change log
Full logSafety
CODI up to R100,000 named on GoTyme’s own footer
FSP 49140. NCRCP 10774. Corporation for Deposit Insurance, not a wallet scheme.
Status
TymeBank rebranded to GoTyme Bank
Same SARB bank. Old TymeBank app retires 6 September 2026. Login with existing details on the GoTyme app.
Available in
Straight answers
FAQ
01Is GoTyme Bank a bank?
GoTyme Bank holds a banking-style licence (SARB / Prudential Authority). Still read the legal entity on the statement, not the app icon.
02How is money protected?
GoTyme’s own footer: deposits insured by the Corporation for Deposit Insurance up to R100,000 per depositor in the unlikely event of the bank’s insolvency. FSP 49140. NCRCP 10774.
03Where is GoTyme Bank available?
We list 1 market on NeoBankDB. Residency and onboarding rules still sit with GoTyme Bank.
04Card and wallets?
visa · physical · virtual · Google Pay
05Can I open GoTyme Bank remotely?
South African KYC. The App Store tile is not a passport.
06What is the legal name behind GoTyme Bank?
GoTyme Bank Ltd (formerly Tyme Bank Limited) (formerly TymeBank / Tyme Bank Limited). Read the entity on the statement, not the app icon.
07Can I receive salary on GoTyme Bank?
A SARB bank account can take a South African salary. Confirm the account number you are issued.
08What documents does GoTyme Bank ask for?
SA ID / KYC as asked in-app.
09Is TymeBank gone?
The brand became GoTyme Bank in January 2026. Same SARB bank. The old app retires 6 September 2026.
Ratings and reviews
No published user reviews yet. The NeoBankDB score still comes from licence, fees, and the product — not from an empty star average.
Alternatives
Full alternatives page
activeNeobank
- HQ
- Sandton
- Fee
- Vitality / product-dependent — confirm live on Discovery Bank
activeWallet / e-money
- HQ
- Cape Town
- Fee
- Card account R29/mo on 2026 published schedule — confirm live