How to Transfer Money from Tymebank to Capitec without App

You are a Tymebank user, and you need to make a transfer to a Capitec beneficiary account. However, for some reason, you could not use the Tymebank mobile app. The next question you find yourself asking is, “How do I transfer money from Tymebank to Capitec without the app?”

In this article, we will provide you with an answer to that question. We will check out how you can transfer money from Tymebank to Capitec without using the app.

We will also discuss how long it takes to process transactions between Tymebank and Capitec. Stick around and read to the end.

What about Tymebank?

Before we go into the details of how to transfer money from Tymebank to Capitec without the app, let’s provide some details about Tymebank.

Tymebank is a fintech company. Fintech is a portmanteau. A portmanteau word is one that combines parts of two or more words to form a new word with a combined meaning.

Fintech combines “financial” and “technology” to describe the integration of technology into financial services.

Also read: How to Transfer Money from Capitec to Tymebank

The term highlights innovations and advancements in the financial sector that are driven by technology, such as online banking, mobile payment systems, and investment platforms.

Organizations that utilize technology to provide financial services to their customers without necessarily requiring a vis-à-vis interaction with them are known as fintech companies.

How Did Tymebank Begin?

TYME stands for Take Your Money Everywhere. According to Wikipedia, Tymebank is the first bank in South Africa to put its core banking platform in the cloud. Here is a brief history of Tymebank according to some excerpts from Wikipedia:

Tymebank 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 TymeDigital by Commonwealth Bank SA.

On 28 September 2017, TymeDigital secured an operating licence from the South African Reserve Bank (SARB). It was the first full banking licence to be issued by the SARB since 1999.

In 2018, financial services company, ARC Imali-Madi (RF), bought a 10% stake in TymeDigital. On 5 November 2018, African Rainbow Capital Financial Services Holdings – owned by South African entrepreneur Patrice Motsepe – 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 TymeDigital by CommonwealthBank SA to Tyme Bank Limited.

TymeBank offers a transactional account, money transfer service, savings account and educational App.

The suite of services offered by Tymebank makes it one of the top fintech choices for South Africans. Tyembank also extends its reach across the African continent.

It has branches in New Zealand and Indonesia, among others. Tymebank names its international arm as TymeGlobal.

Also read: TymeBank Considers Potential Listing in New York

Enough of the history. Let’s get down to business. In the next section, we will provide a step-by-step guide on how to transfer money from Tymebank to Capitec without the app. If you want to learn how to do this seamlessly, follow our guidelines.

How to Transfer Money from Tymebank to Capitec without the App

Tymebank and Capitec have made it easy to send and receive money, even without the app. Here’s how you can do it using your mobile device:

1. Initiate the USSD code: For this to work, make sure you use the phone number linked to your Tymebank account; otherwise, it won’t work. Dial *120*543# on the line and proceed to the next step.

2. Follow the on-screen prompts: Follow the instructions that appear on your screen. At this stage, the USSD service will prompt you to confirm the cell phone number you wish to send money to as well as the amount. Before confirming, double-check these details; otherwise, you might be risking transferring your money to the wrong beneficiary.

3. Authorize the transaction: At this stage, if you notice any mistakes, select the option to cancel the transfer immediately or press ‘0’ to go back to the menu. However, if you do not, follow the on-screen prompts and confirm the transaction.

If the transfer is successful, you’ll receive a confirmation message. You can then tap ‘Dismiss’ when you’re done.

And that’s it! Transferring money from Tymebank to Capitec without the app is that simple.

Tymebank users usually ask the question, “How long will Tymebank take to process the money transfer?” In the next section, we will address this common question.

Also read: How to Transfer Money from Capitec to Tymebank

How Long Does It Take for Money Transfer Between Tymebank to Capitec to Be Processed?

When you make a transfer from Tymebank to Capitec, note that the transactions typically take between 24 to 48 hours to complete.

If the Capitec bank recipient doesn’t get credited on the first day, they should look out for it on the second day. However, if this delay gets elongated beyond what is usual, contact the Tymebank customer support service for help. 

Also read: How Long Does it Take to Transfer Money from Ezaga to Capitec 2024

Some Useful Tymebank Self-Service Information

You will find this information on the Tymebank Facebook page:

Tymebank customers how can we help you today?

Whatsapp Number: 0833402984

Help desk 0875101351

1. Reset pin
2. Reverse Money
3. Bank statement
4. Goalsave removal
5. Onhold
6. Card declines
7. Loan
8. Lost/stolen card
9. Electricity
10. Debit order
11. Sassa
12. Increase Limits
13. Stop Tapping
14. Change Cellphone no
15. Change Address

Also read: TymeBank Becomes First South African Digital Bank to Hit Profitability after 4 Years

Frequently Asked Questions

In this section, we will address some frequently asked questions about how to transfer money from Tymebank to Capitec without the app.

Conclusion

Tymebank recognizes the importance of having a variety of options. Therefore, it provided its users with multiple options to carry out their transactions.

Tymebank didn’t leave you stuck with the app; it provided the USSD option. In situations where you cannot access the mobile app, the USSD is always available to save the day.

Dial the code today and save yourself from any undue stress.

For more informative reads, follow us on X (formerly Twitter), @SiliconAfritech.

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References

• Youtube – How To Transfer Money From TymeBank To Capitec Without App (Send Money From TymeBank Without App)
• Wikipedia – TymeBank