DURBAN - Newcomer to the banking sector, TymeBank is officially open to the public after they had a soft launch last year November according to BusinessTech.
TymeBank has launched with its EveryDay transactional account packaged with a savings tool called GoalSave, a MoneyTransfer solution and the TymeCoach App.
The app gives consumers access to their credit report free of charge and tips on how to better choices about money.
The digital only bank is owned by African Rainbow Capital Financial Services. The company falls under the Patrice Motsepe's Ubuntu-Botho Investments stable.
TymeBank which is South Africa's first fully digital bank has no branches and it is hosted securely the cloud. According to bank, they will expand their current range of products overt the forthcoming months.