What are the requirements for opening a Tyme bank account? Tyme bank is probably one of the most interesting banks in South Africa. They do not have physical branches. This lack is necessitated by the desire to save money. The bank claims to be able to pass on the savings to consumers. You are here because you wish to open an account with Tyme bank. In order to do that, there are some requirements that you are going to have to meet.
What do I need in order to open a Tyme bank account
The following are the requirements for opening a Tyme bank account;
- You need to have a valid South African ID number.
- You also need to have a cellphone on which you will receive a One Time Password (OTP).
What documents are required when opening a Tyme bank account?
Those are the requirements for opening a bank account with Tyme Bank. But what documents do you need? Some of the banks that are out there require that you have copies of your ID and proof of residence.
However, that is not a requirement when it comes to Tyme Bank. Tyme Bank prides itself as being South Africa’s digital bank. It means you can do all your banking over the internet. There is no need for physical documents. The above are the only items that you are going to require.
Where do I collect my bank account?
In this article, we gave you the requirements for opening a Tyme bank account. It was noted that Tyme bank has no physical branches. So, where do you collect your bank card after you have opened your account?
The good news is that Tyme bank is not entirely virtual. They do have kiosks dotted across the country. You can collect your bank card from one of these kiosks after you have opened your account.
Here is the Tyme Bank call centre number
In this article, we outlined everything that you need in order to open an account with Tyme Bank in South Africa. It was noted that this bank is unique in that it is mostly virtual.
The requirements for opening an account a lot less stringent than with other banks. In fact, you can have your account up and running in less than 5 minutes from your phone.