Tyme Bank South Africa

online trading » Online trading Banking » Tyme Bank South Africa
Tyme Bank South Africa 2019-08-24T16:23:47+00:00

TymeBank south africa

Tyme Bank  has headquartered in Rosebank, Johannesburg. Tyme Bank business models is to avoid building  physical banks that has too much admin the bank is loved by innovative south African youth. The Android banking App is cored of the Business, an Internet Banking site and a partnership with two retail chains to host a national network of self-service kiosks that facilitate the account opening process. The Tyme bank services can be found in the biggest shops in South Africa like your pick pay and many more. This bank can be beneficial for online traders and Forex traders in South Africa where by you can simple manage your deposits and withdraw with very low cost.

Tyme Bank History

Tyme bank was found by the South African genius slash self made billionaire Patrice Motsepe.

Tyme Bank Partnership

“Tyme” (Take Your Money Everywhere) was originally developed as part of a Deloitte Consulting project, funded by the telecommunications provider, MTN Group. It went on to become a stand-alone business in June 2012. In 2015, the Commonwealth Bank of Australia (CBA) acquired 100% of Tyme, and renamed the business Tyme Digital by Commonwealth Bank SA. On 28 September 2017, Tyme Digital secured an operating license from the South African Reserve Bank (SARB). It was the first full banking license to be issued by the SARB since 1999.

The Best online trading platforms that accept Tyme Bank

Markets SA
Rating-online-trading
Min.Deposit
R 1500
20% Bonus
FSB Regulated.
In South Africa
Open Account

Markets
Avatrade online Trading
Rating-online-trading
Min.Deposit
R4000
Get $500

FSB Regulated.
In South Africa
Open Account

CM Trading
24 Options South Africa
Rating-online-trading
Min.Deposit
R2900
FSB Regulated.
In South Africa
Open Account
24Options


Tyme Bank financial Sector

In 2018, financial services company, ARC Imali-Madi (RF), bought a 10% stake in Tyme Digital. On 5 November 2018, African Rainbow Capital Financial Services Holdings obtained approval from the South African Reserve Bank to acquire CBSA’s 90% majority stake in the business.

The name of the business was changed in November 2018 from Tyme Digital by Common wealth Bank SA to Tyme Bank Limited.

Tyme Bank Atms

Tyme Bank Launch

Tyme Bank soft-launched on 5 November 2018, allowing consumers to open a basic transactional bank account at a limited number of kiosks in Pick n Pay Stores as well as online.