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Organisation : TymeBank
Facility Name : Apply MoreTyme Account Online
Head Office : Johannesburg
Website : https://www.tymebank.co.za/personal-banking/accounts/moretyme/
TymeBank MoreTyme Account
The best way to pay – Forget store account interest. Forget waiting on lay-by. With MoreTyme, you get what you need now, and pay for it in 3 interest-free instalments. There’s no monthly fee and no fee when you buy, so you never have to pay more than the original price.
How to Buy?
Buy with MoreTyme in 4 simple steps. All you need is a verified TymeBank account and the TymeBank app. There’s no paperwork and sign-up is free.
Step 1 : Download the TymeBank app
Then use the app to open a verified TymeBank account in less than 5 min. It’s free!
Step 2 : Activate MoreTyme in the app
Log in to your TymeBank app, tap the MoreTyme card and tap the Activate or Apply button. It’s also free!
Step 3 : Top up with 50% of the purchase price
Tap “Add money” on your app home screen. Then use a debit/credit card to instantly add at least half of the total purchase price to your TymeBank EveryDay account.
Step 4 : Pay with MoreTyme
When you open MoreTyme again, your available spend should be enough to cover the purchase. When it’s time, tap Pay at the bottom of your screen.
Complete your purchase with a single tap :
Depending on the store’s checkout system, you’ll either scan a payment QR code or show a barcode. And that’s it. As long as you have enough Available to spend, the goods are yours and the 1st payment comes off your EveryDay account straight away
How to Apply?
If your profile status is “Good Friends”, all you need is the TymeBank app. When you open the app, look for MoreTyme. From there it’s one tap to activate or apply. You’ll get an answer instantly.
If your profile status is “Just Met”, you can upgrade your account via your TymeBank app, or at a kiosk in a Pick n Pay or Boxer Store near you. Once you do, you’ll see MoreTyme in your TymeBank app.
How to I Pay?
You don’t need to worry about that. Everything comes off your EveryDay account automatically
The first payment (50% of the purchase price) happens as you buy it at the till point. Your next two payments of 25% each will be deducted from your account 30 days and then 60 days after the day of purchase. As long as there’s enough in your account to make the payments on the due dates, you won’t pay a cent more than the original purchase price.
Here is an example of a MoreTyme purchase valued at R4 000
|1st Payment||Due 01 Jul 2020||R2 000||Paid|
|2nd Payment||Due 31 Jul 2020||R1000||Upcoming|
|3rd Payment||Due 30 Aug 2020||R1000||Upcoming|