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You are here : Home | Everyday Services | Useful Extras | Banking | Mobile Money

Mobile Money

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​Say hello to Mobile Money

Mobile Money is big on convenience and small on cost, giving you a cost-effective and convenient solution to manage your money better. Read our overview to find out more.

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Mobile Money is big on convenience, small on cost

A Mobile Money account is one of the most cost-effective accounts you can have. You pay no monthly account or take look at our updated pricing to see just how reasonable our costs are.

All pricing effective 10 June 2015

Transaction / Services Fee
Monthly / Yearly
Mobile Money Bank Account Free
Cash Deposit
At Till Points (using a Mobile Code)* Free
Cash Withdrawal
At Till Points (using a Mobile Code)* R5
At a Mobile Money Agent R5
Transact using *120*668# USSD***
Send Money R1
Buy Prepaid Airtime Free
Buy Prepaid Data & SMS bundles Free
Buy Prepaid Electricity Free
Self Service using *120*668# USSD***
Change Mobile PIN Free
View Mini Statement Free
View / Get Account Details Free
Balance Enquiries
By dailling *120*668# USSD*** Free
Using *130*668# USSD (No USSD charges apply)
Buy Prepaid Airtime for yourself Free
In-Store Purchases
At Till Points (using a Mobile Code)* Free
In-Store Purchases with Cashback
At Till Points (using a Mobile Code)* R5
Other
EFT Payments into your Mobile Money Account Free
Debit Order R3
Transaction SMS Notifications Free
Customer Services on 083 123 1045****
Reset Mobile PIN Free
Change Cellphone Number / Personal Details Free
Block / Unblock Account Free
Email Statements R9

* At participating retail stores

** If offered in store

*** Network USSD rates apply for non-MTN customers. Free for MTN customers

**** Network call rates apply when calling from a non-MTN cellphone number. Free from an MTN cellphone number

Mobile Money, the safe and convenient solution that makes perfect cents

Mobile Money is a secure and affordable way for you to do your banking, and it’s available to customers on all cellphone networks. Best of all, you pay no monthly or annual fees to maintain your account and there’s no minimum account balance required.

Mobile Money allows you to do the following:

  • Send money instantly to any active South African cellphone number.
  • Deposit and withdraw cash at a participating Pick n Pay, Boxer, retail store or a local Mobile Money agent.
  • Pay for goods and services at a participating Pick n Pay, Boxer or a retail store till point.
  • Buy prepaid airtime.
  • Buy prepaid electricity.
  • Buy prepaid data and SMS bundles.
  • Receive payments into your Mobile Money account through an electronic funds transfer (EFT).
  • Make payments from your Mobile Money account through EFT (internet banking).
  • Do More

You can do more with your Mobile Money account

With Mobile Money, you can also do the following:

Mobile Money is brought to you by MTN and operated by TYME, an authorised distribution channel of The South African Bank of Athens Limited (SABA), an authorised financial services and registered credit provider (FSP5865, NCRCP6).

Mobile Money offers benefits that are convenient for you

With a Mobile Money account, you have access to a range of benefits that help you manage your money using your cellphone. Not only can you send and receive money with your cellphone, you can also buy prepaid airtime and electricity anytime, no matter where you are.

The Mobile Money benefits

  • No monthly account fees
  • No minimum balance

Brought to you by MTN and operated by TYME, a distribution channel of South African Bank of Athens Limited, an authorised financial services and registered credit provider (FSP5865, NCRCP6).

  • Dial *120*668# to open an account
  • Link your Mobile Money Visa Card
  • Deposit and withdraw money at a participating Pick n Pay, Boxer or retail store tills
  • Get your salary paid into your Mobile Money account

  • Send and receive money using your cellphone
  • Check your account balance on your cellphone
  • Buy airtime, data and SMS bundles using your cellphone
  • Buy prepaid electricity
  • Deposit and withdraw money

  • Automatic zone discounts
  • 500 free loyalty points
  • 5 free SMSs for every R15 airtime spent
  • R2 free airtime for every R30 airtime spent
  • 1 free CallerTunez
  • 7 free CallBacks daily
  • 5 free ‘Send Me Money’ SMSs daily

Everything you need to know about your Mobile Money bank account

With a Mobile Money bank account, it’s easy to access your money, deposit cash, make payments, make cash withdrawals, send money and buy prepaid airtime as well as electricity; you just need to know how. Get all the step-by-step details by simply clicking on the topic you want to know more about.

Managing your Mobile Money bank account

  • 1.

    Access your Mobile Money bank account

  • 2.

    Send money from your Mobile Money bank account

Using Mobile Money in store

  • 1.

    Deposit cash at a till point

  • 2.

    Withdraw cash at a till point

  • 3.

    Pay for your goods at a till point

Using Mobile Money to buy

  • 1.

    Prepaid airtime

  • 2.

    Prepaid SMS and data bundles

  • 3.

    Prepaid electricity

Mobile Money account limits

  • Daily spend limit: R1 000
  • Monthly spend limit: R25 000
  • Maximum account balance: R25 000

Reminder: Keep your Mobile PIN safe. You will need it to access your Mobile Money account and to keep your money safe.

The following limits apply if you only present your South African ID book:

  • Daily spend limit: R1 000
  • Monthly spend limit: R25 000
  • Maximum account balance: R25 000

The following limits apply if you present your South African ID book and proof of residence:

  • No daily spend limit, but transactional limits apply
  • No monthly spend limit, but transactional limits apply
  • No maximum account balance

Reminder: Keep your Mobile PIN safe.

If the recipient does not have a Mobile Money bank account, the recipient will be prompted to open a Mobile Money bank account. The recipient will have seven days to open a Mobile Money bank account. If he or she does not open a Mobile Money bank account, the funds will be returned to you.

Funds may not appear immediately in your Mobile Money bank account. Time delays and fees are subject to the bank from which the payment is made.

Your Mobile Money session may end if you take too long to respond to the prompts. Kindly dial *120*668# to restart the process.

Get your Mobile Money Card and withdraw cash from any ATM in South Africa. ATM fees apply.

Get your Mobile Money Bank Card and enjoy free unlimited card swipes and avoid monthly or annual card fees when you use your Mobile Money Bank Card for everyday purchases.

The prepaid airtime will automatically be topped up to the cellphone number. Short cut: dial *120*668*3#

The prepaid bundle will automatically be loaded onto the cellphone number.

  • Your Mobile PIN is strictly confidential
  • Contact the Mobile Money Customer Care Centre on 083 123 0145 if your Mobile PIN is compromised
  • Only share your account number if you want to receive a payment (EFT) into your Mobile Money bank account from someone you know
  • You can request a statement of your Mobile Money bank account by calling the Mobile Money Customer Care Centre on 083 123 0145. Issuing statements is a value-added service, and charges will apply
  • *Only available for selected municipalities

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