How to Transfer Money in TymeBank with Mobile Codes (USSD Codes)

Banking in South Africa has changed dramatically in the past decade, thanks to fintech innovation. TymeBank, a 100% digital bank, has made money transfers simple, fast, and affordable. One of the most convenient ways to send funds is by using a mobile code (USSD code).

If you don’t have a smartphone, limited data, or prefer not to use apps, the TymeBank mobile code allows you to transfer money directly from your cellphone. In this article, we’ll explain step-by-step how to transfer money in TymeBank with mobile code, explore fees, safety tips, and provide troubleshooting advice.

Why Use TymeBank Mobile Code for Money Transfers?

The mobile code method is popular because:

• Works on any phone, even without internet.
• No app needed – just dial the code.
• Perfect for people in rural areas or with limited data.
• Safe, simple, and available 24/7.
• Supports transfers to TymeBank accounts, other banks, and cellphone numbers.

What is the TymeBank Mobile Code?

The TymeBank mobile code is a USSD code (120543#) that gives customers access to banking services without an app or data connection. By dialing this code on any cellphone, users can:

• Transfer money to TymeBank or other bank accounts.
• Send money to a cellphone number (SendMoney).
• Pay bills and merchants.
• Check balances and transaction history.

This makes it a powerful tool for financial inclusion in South Africa.

How to Transfer Money in TymeBank with Mobile Code

There are several ways to use the mobile code for transfers. Let’s break them down.

1. Transfer Money to Another TymeBank Account

This is the fastest and cheapest transfer option.

Steps:

1. Dial *120*543# on your cellphone.
2. Select “Send Money” or “Transfer to TymeBank Account”.
3. Enter the recipient’s TymeBank account number.
4. Enter the amount you want to send.
5. Confirm with your PIN.

Processing Time: Instant.
Fee: Free.

2. Transfer Money to Other South African Banks

You can also send money from TymeBank to other banks using the mobile code.

Steps:

1. Dial *120*543#.
2. Select “Transfer to Other Bank”.
3. Enter the recipient’s bank details (bank, account number, branch code).
4. Choose transfer type:
   • Standard EFT (1–2 days, free).
   • Immediate EFT (within minutes, small fee).
5. Enter the amount.
6. Confirm with your PIN.

Fees:

• Standard EFT: Free.
• Immediate EFT: R7–R10.

3. SendMoney Using Mobile Code (Cellphone Transfers)

This feature allows you to send cash to any cellphone number. The recipient doesn’t even need a TymeBank account.

Steps:

1. Dial *120*543#.
2. Select “SendMoney”.
3. Enter the recipient’s cellphone number.
4. Enter the amount.
5. Create a secret PIN for withdrawal.
6. Confirm the transaction.

Recipient Process:

• The recipient receives an SMS with withdrawal details.
• They can withdraw at any Pick n Pay or Boxer store by entering the secret PIN.

Fee: R7 flat fee.
Processing Time: Instant.

4. Paying Bills with Mobile Code

You can pay for services like DSTV, airtime, and electricity using the mobile code.

Steps:

1. Dial *120*543#.
2. Choose “Pay Bills”.
3. Select your service provider.
4. Enter your account/reference number.
5. Enter the amount.
6. Confirm payment.

Processing Time: 24–48 hours (depending on biller).
Fee: Free or low-cost depending on the provider.

5. Cash Transfers via Mobile Code (Retailer Support)

If you prefer cash transactions, TymeBank’s partnerships with Pick n Pay and Boxer allow for deposits and withdrawals.

• Deposit Cash:
  • Dial *120*543#, choose deposit, and follow prompts.
  • Deposit at the till in Pick n Pay/Boxer.
• Withdraw Cash:
  • Dial *120*543#, select withdraw, and get a code.
  • Use the code at Pick n Pay/Boxer to withdraw.

TymeBank Mobile Code Transfer Fees (2025)

Transfer Type	Fee	Processing Time
TymeBank-to-TymeBank (USSD)	Free	Instant
EFT to Other Banks (Standard)	Free	1–2 days
EFT to Other Banks (Immediate)	R7–R10	Minutes
SendMoney (Cellphone Number)	R7	Instant
Bill Payments (USSD)	Free/Low fee	1–2 days
Cash Withdrawals (Pick n Pay/Boxer)	R3 per R1,000	Instant

 

Safety Tips When Using Mobile Code for TymeBank

To protect your money while using USSD/mobile code:

1. Keep your PIN secret – never share it.
2. Check transaction SMS alerts after every transfer.
3. Avoid using public Wi-Fi when combining app and USSD services.
4. Verify numbers/account details before confirming payments.
5. Report suspicious activity to TymeBank immediately.

Common Issues and Solutions

• Transaction Delays: Standard EFTs may take 1–2 business days.
• Wrong Number Entered: Money may be delayed; contact TymeBank support quickly.
• USSD Session Timeout: Ensure good network coverage.
• Code Not Working: Try again later or switch to TymeBank app.

TymeBank Support for Mobile Code Users

• Call Centre: 0860 999 119
• Email: service@tymebank.co.za
• In-store kiosks: Pick n Pay or Boxer for face-to-face support.

Future of TymeBank Mobile Code Transfers

The bank is working on:

• Cross-border USSD transfers for remittances.
• QR Code payments linked to USSD.
• More merchants integrated for bill payments.
• Enhanced security with AI fraud detection.

Using the TymeBank mobile code (*120*543#) is one of the simplest and most cost-effective ways to transfer money in South Africa. Whether you’re sending to another TymeBank account, another bank, or directly to a cellphone number, the process is fast, safe, and convenient.

By leveraging mobile code transfers, TymeBank ensures that every South African, even those without smartphones or internet access, can enjoy digital banking services.