How to Increase Daily Limit on TymeBank
Do you wish to find out how to increase your daily limit on the TymeBank app? TymeBank is South Africa’s digital bank. It has over 4 million customers in the country. Like every other bank in the country, Tyme Bank imposes limits on the amount that you can withdraw per day. There are also limits on the amounts that you can spend online within a day. You are here because you have reached this limit and you wish to find out how to increase it.
Increase your Tymebank transaction limit
The following is how to increase your limit on Tymebank;
- Visit your nearest Tyme bank kiosk.
- Log in and click on Unlock more features.
- Answer a few questions and confirm your information.
- Your limit is immediately increased.
Why increase your limit?
It can be frustrating to fail to carry out a transaction simply because you have reached your limit. That happens a lot, unfortunately. The good news is that you can quickly and easily increase your Tymebank transaction limit.
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Doing this means you can make bigger purchases. And you don’t actually need to bring any documents in order to make the increase. Everything is done at one of the Tyme Bank kiosks. Once done, any changes that you make to your limits are immediate.
Why do banks impose transaction limits?
As noted, Tyme Bank is not the only bank that imposes limits on transactions in South Africa. In fact, all banks have this feature. But why is that the case? Well, there are two reasons for the existence of limits.
The first is that it makes it easy for a bank to manage it’s cash reserves. Remember most of the money in a bank is not kept as cash. So, should all customers try to withdraw at the same time, that could be disastrous.
Another reason for limits is security. In fact, you may want to impose limits on your own account as part of the process of securing it. If there is a withdrawal limit of R1000 per day on your card, as an example, it means a thief will only be able to get that money after stealing your card and PIN.
And if, as you should, you have enabled SMS notifications on Tyme bank, you should receive notice that somebody other than you is withdrawing money from your account. It would then be a matter of reporting your loss to the bank.
Why can’t I just increase my limits on the app like the banks can..it’s easier that way then to go to a kiosk with your bank card just to increase your limits …tyme bank needs to improve
Tymbank need to improve why can’t we just encrease our daily limits on Tymbank App instead of going to the kiosk cummon guys
It looks like it is not our money anymore.
Cash is king.
It’s actually ridiculous not being able to increase your limit on the app like other banks
Went to A LOT of Pick n Pays to collect my card, they removed their Tymebank machine because of all the issues. I am in Bloemfontein, had to drive kms to find one. Made a purchase at PnP last night and was declined, soooo embarrissing!! I have reached my daily limit, REALLY!!!! First time I used card in days!!! No Tymebank, shape up or ship out!
Literally done with this bank…yoooh
This tyme bank thing one is not able to increase my withdrawal, another thing I can’t change my phone number if the one I used before can’t be recovered. You need to sort it out before you loose more customers
This is pathetic, I thought tyme bank is an electronic way of banking, Why must i physically go to the kiosk to increase my limit. We live in the most busy era of our times really.
Please improve this with immediate effect.
Please improve we need to increase our limits on app.
This is wrong.!
What is wrong?
17th century 🚮🚮🚮
Can’t you move with the time of today. Why u make us live in the past?
Error code 0149021 what does it mean?
Which transaction are you trying to perform?
With the kiosk disappearing at the speed of light, I suggest you make this function available on the app, like all banks do. I just opened my business account with TymeBank as well, but are starting to seriously reconsider my choices.
How do I go about this because I am internationally based and there’s none of those in Japan?
When i went to the kiosk the lady said I can only increase my limits on the app…. no response… the worst