GoTyme Bank
A South African digital-only bank for consumers, offering a free current account, GoalSave savings up to 10% interest, instant payments, vouchers, and credit features.
GoTyme Bank Product Overview
Is GoTyme Bank Right for You?
Liners prepares and updates these highlights as product information changes. Editorial standardsBest For
- South African consumers
- Fee-free banking seekers
What It Does Well
- Free current account
- High-interest GoalSave
Things to Check
- 10% interest conditions
- Credit feature eligibility
About GoTyme Bank
GoTyme Bank is a South African digital-only bank for individuals who want a mobile-first current account, savings options, and everyday payment tools without a monthly account fee.
Key capabilities include:
- Free current account with app-based onboarding using selfie/biometric verification, plus Visa debit card collection via in-store kiosks
- Save and invest with GoalSave (advertised up to 10% interest) and Fixed Deposit accounts
- Move money and pay using Instant Payments to South African bank accounts and cellphone numbers, SendMoney vouchers, plus cash access via tills and ATMs; selected actions are available via USSD
- Shop and credit options such as virtual card support, Apple Pay, MoreTyme pay-in-3 interest-free instalments (subject to approval), and credit products including personal loans and GrantAdvance
Available on Android and iOS, with a network of kiosks and Customer Hubs for card collection and assistance. Limited web access exists for users with an active legacy internet banking profile.
Target audience: South African consumers seeking digital banking for day-to-day transactions, saving, and access to credit.
Notable in the local market for combining app-based banking with physical support points (kiosks and Customer Hubs), and for disclosing that deposits are insured by the Corporation for Deposit Insurance up to R100,000 per depositor. The bank is an authorised FSP 49140 and a registered credit provider (NCRCP 10774).
GoTyme Bank Facts
Liners compiles product facts from official websites, app stores, documentation, trusted public sources, and details shared by product teams during editorial review. We also consider crowdsourced updates when they include verifiable evidence, and refresh facts as information changes. How we source dataAs of Oct 5, 2026, GoTyme Bank is rated 4.8 on the App Store from 419 reviews and 4.4 on Google Play from 60.7K reviews with 10M+ installs.
Recent Reviews for GoTyme Bank
Reviews reflect each reviewer's opinion. Companies cannot pay to alter or remove reviews. A verified review includes proof that Liners checked to an extent. Learn how reviews workHow is the score calculated?
Every product starts at a 3.5-star baseline worth 7 reviews. Each approved review pulls the score toward the real average, so a product with one 5-star review shows about 3.7.
Learn how reviews workNG · 2 reviews
Jun 4, 2026
I switched to GoTyme Bank to escape costly monthly account fees, and I haven't looked back. The app is clean, fast, and genuinely mobile-first – everything from opening my account to sending money takes seconds.
GoTyme Bank Funding History
Liners compiles funding history from company announcements, investor records, and trusted reporting. We refresh it as new rounds are confirmed. How we source dataGoTyme Bank has raised $3.5B across 9 recorded funding events. The latest was Series D in Dec 2024.
- Total Raised:
- $3.5B
- Latest Round:
- Series D
GoTyme Bank Investors & Funding Rounds
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Latest GoTyme Bank News & Updates
Liners collects product news from official company updates and trusted publications. We refresh coverage as new articles are published. How we source dataSign in to see all 8 articles
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Jobs at GoTyme Bank
| Title | Posted |
|---|---|
| Group Head of Scorecard Development | Mar 26, 2026 |
Frequently Asked Questions About GoTyme Bank
GoTyme Bank is a South African digital-only bank that offers a free current account, a Visa debit card, savings products like GoalSave (with advertised rates of up to 10% interest), fixed deposits, and everyday payment tools via a mobile app and in-store kiosks. You open and manage your account primarily in the app, then use your physical or virtual card, instant payments, vouchers, and other features for day-to-day banking.
GoTyme Bank's main current account has no monthly account fee, so you can open and keep the account for free. Specific transactions (such as certain cash services or special payments) may carry fees as set out in GoTyme Bank’s fee schedule and terms.
GoTyme Bank operates in South Africa. Accounts and services are designed for South African consumers and the local banking system.
You sign up by downloading the GoTyme Bank app on your smartphone, completing digital onboarding with selfie/biometric verification, and opening your free current account in the app. After registration, you can collect your physical Visa debit card at a GoTyme Bank kiosk or Customer Hub.
Yes, Gotyme Bank is available on iOS and Android. You can download Gotyme on the App Store for iPhone, or get it on Google Play for Android.
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