From post-run coffees to splitting the bill with your mates, GoTyme Bank is making it easier to send money instantly, without paying extra fees on payments up to R5,000.
Life moves quickly. One minute you’re getting your morning kilometres in, the next you’re grabbing a coffee with your running crew before heading off to work. Somewhere between all of that, there are bills to split, friends to pay back and everyday expenses to take care of.
But while everything else seems to happen instantly, moving money hasn’t always kept up. That’s where GoTyme Bank comes in. With free instant payments of up to R5,000 to participating South African banks, the bank is making everyday transactions simpler, faster and more convenient. Because when your day is already moving at full speed, your banking should be able to keep up.
The Post-Run Coffee Shouldn’t Come With a Payment Chase
Ask any runner and they’ll tell you that the post-run ritual is almost as important as the run itself. Whether it’s a flat white, an iced matcha or a well-earned breakfast, catching up with your crew after a session has become part of the running experience.
But there’s one familiar situation that can interrupt the good vibes: splitting the bill. Someone offers to pay, everyone promises to send their share, and suddenly you’re waiting for payments to reflect or reminding your mates that they still owe you for coffee. It might seem like a small inconvenience, but it’s one that most South Africans can relate to. With GoTyme Bank, sending your share doesn’t need to become another task on your to-do list.
GoTyme Bank customers can make instant payments of up to R5,000 for free to any participating South African bank, using an account number or cellphone number.
That means your running buddy doesn’t need to have a GoTyme Bank account to receive your payment. As long as their bank participates in the supported payment network, you can send the money directly. And because payments are processed in real time, the money can reach the recipient within seconds.
How to Make an Instant Payment With GoTyme Bank
One of the biggest advantages of digital banking is being able to manage your money directly from your phone. GoTyme Bank has designed its instant-payment process to be straightforward, whether you’re settling up after breakfast, paying a friend or taking care of an everyday expense.
Here’s how to make an instant payment using a bank account number:
- Open the GoTyme Bank app. Log in and select Pay from the home screen.
- Choose your recipient. Select an existing beneficiary or add a new one using their account number.
- Enter the banking details. Choose the recipient’s bank, enter their account number and name, and check the payment reference.
- Enter the amount. Specify how much you’d like to send and choose the instant-payment option.
- Review and confirm. Check that the recipient’s details and payment amount are correct before authenticating the transaction.
- Payment complete. Once successful, you can view the payment details or access proof of payment if needed.
You can also save a beneficiary for future payments, making it easier to send money to someone you pay regularly. The best part? You don’t need to wait until the next business day. GoTyme Bank’s instant-payment service is available 24/7.
Free Instant Payments Up to R5,000
Banking fees might not seem like much when you’re looking at a single transaction, but those small charges can add up over time. GoTyme Bank’s approach is simple: customers can send up to R5,000 instantly without paying an instant-payment fee.
Here’s how the pricing works:
- Instant payments up to R5,000: Free.
- Instant payments above R5,000 and up to R50,000: A flat R7 fee.
- Standard non-instant payments: Free.
Free instant payments are subject to a daily limit of R20,000. It’s a straightforward structure designed to give customers more transparency over what they’re paying.
Banking That Keeps Up With Your Lifestyle
Running is about momentum. Whether you’re chasing a personal best, showing up for your weekly run club or enjoying the social side of the sport, the last thing you want is unnecessary delays when it’s time to settle up.
And that’s the idea behind GoTyme Bank’s approach to everyday banking. Less time worrying about payments and more time getting on with the things that matter.
Download the GoTyme Bank app and move your money instantly and free.
