Today, the era of digital banking has greatly simplified the process of transferring funds between different banks. TymeBank, a leader in this domain, is committed to providing speedy and cost-effective banking solutions to a wider audience. Wondering how to transfer money from TymeBank to Capitec? Read on for more information.
TymeBank operates exclusively online, eliminating the need for physical branches. This digital approach allows the bank to offer zero monthly fees and simplifies the account opening process, requiring no paperwork. Prospective customers can easily set up an account at any Pick n Pay or Boxer superstore kiosk.
This article focuses on the streamlined and paperless banking services offered by TymeBank, a modern convenience for today’s consumers.
Transferring Money from Capitec to TymeBank
Both banks are constantly innovating to enhance their services, including making the transfer of funds between them as smooth and hassle-free as possible. Since 2019, TymeBank and Capitec have collaborated to facilitate easy bank-to-bank transfers, thereby improving the ease of conducting transactions for their customers.
Timeframe for Transfers from TymeBank to Capitec
Transfers from TymeBank to Capitec typically take up to two business days to complete. Transactions initiated after 3 pm are generally processed the next business day.
Duration of Transfers from Capitec to TymeBank
Transactions excluding weekends and public holidays typically take two days. For quicker transfers, TymeBank offers an immediate transfer option for an additional fee of R7.50, completing the transaction in under four hours.
Procedure for Transferring Money from TymeBank to Capitec via App
To transfer money from TymeBank to Capitec, you’ll need to use the bank’s app or online banking for EFT transactions. The app, available on iOS, Android, and Huawei platforms, can be downloaded for free. Here’s how to use it:
- Download and open the bank app.
- Log in following the on-screen instructions.
- Navigate to the payment icon on the home screen to initiate a transfer to Capitec.
- Select the one-time payment option, enter the recipient’s account details, and confirm the transaction.
- A confirmation of the successful transaction will be displayed.
Standard EFT/Pay Someone options for transfers from TymeBank to Capitec take 1-2 working days. If there are issues with the transfer, contact the bank immediately.
Transferring Money from TymeBank to Capitec without the App
For those without the app, TymeBank’s online banking is accessible 24/7. Simply use a computer or mobile device with internet access and dial 120543# to follow the prompts for online transactions.
TymeBank to TymeBank Transfers
Transfers between TymeBank accounts are processed rapidly, often within minutes. In case of transfers made after 3 pm, the funds are received by the bank later that evening, with the recipient getting the funds the next day. Weekend transactions may experience slight delays.
TymeBank Transfer Duration
EFT transfers initiated after 3 pm on business days may take up to 48 hours. During weekends and public holidays, this period may extend slightly. Delays are due to the banks’ processing times to ensure the availability of funds. TymeBank also offers cash withdrawal services at Pick n Pay or Boxer stores across South Africa.
Sending Money to a Cell Phone Number via TymeBank
TymeBank provides a feature that allows customers to send money instantly to any mobile phone number in South Africa using an electronic wallet. However, funds sent mistakenly cannot be retrieved by the bank.
While TymeBank kiosks don’t support money transfers, they are ideal for opening an account and exploring the benefits of online banking. Once an account is established, transferring money from TymeBank to Capitec is straightforward and can take up to 48 hours.
