Skip Ribbon Commands
Skip to main content

 

 

 

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

Mobile Money

 

​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.

​​​

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 card fees and you get free unlimited payments when you have a Mobile Money VISA Card linked to your account, take look at our updated pricing to see just how reasonable our costs are.

All pricing effective 10 June 2015

Transaction Price
Cash Deposit In-store Free
Cash Deposit with Agent R 2.00
Cash Withdrawal In-store R 5.00
Cash Withdrawal with Agent R 5.00
Send Money R 1.00
Send Money Voucher R 9.00
Tillpoint Payment with Mobile Code Free
Tillpoint Payment with Cashback R 5.00
Tillpoint Payment with Mobile Code Free
Tillpoint Payment with Cashback R 5.00
ATM Cash Withdrawal with Card R 9.00
Cardless ATM Cash Withdrawals R 5.00
ATM/POS Balance Enquiry R 4.00
Unsuccessful ATM Transactions Free
Cash Withdrawal with Card at Tillpoint R 5.00
Card Purchase with Cashback R 5.00
Card Purchase Free
New Card Sale R 19.00
Card Replacement R 19.00
Recipient Payment (EFT)/Electronic Credit Free
Once Off Recipient Payment (EFT)/Electronic Debit R 3.00
Debit Order R 3.00
Prepaid Airtime Purchases Free
Prepaid Electricity Purchases Free
SMS Bundle Purchases Free
Data Bundle Purchases Free
My Bills Payment R 1.00
Email Statement (using www.momoney.co.za) R 9.00
Email Statement (Call Centre) R 9.00
Disputed Inbound EFT with (Credit) Reversal R 9.00
Unpaid Debit Order R 4.00
Transaction Notifications (SMS) Free
View Mini Statement *Free
View Account Details *Free
Change Mobile PIN *Free
Block Account *Free
Unblock Account *Free
Change Account Holder Details *Free
Change Cellphone Number Free
Reset Mobile PIN *Free
Reset/Change Mobile Money Card PIN *Free
Cancel Mobile Money Card *Free
Unpaid Payment *Free
Close Account: Electronic Transfer (EFT) R 9.00
Issue VAT/SARS Certificate R 9.00
Resolve Incorrect Payments/Transfers R 9.00

Note:

The above pricing applies to Mobile Money subscribers from all networks

*Standard USSD charges and call rates apply to non-MTN customers

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).
  • Pay for goods and services at most retail stores with a Mobile Money VISA Card.
  • Withdraw cash at any ATM using your Mobile Money VISA Card.
  • Do More
  • Make Money
  • VISA Card

You can do more with your Mobile Money account

With Mobile Money, you can also do the following:

  • Increase your Mobile Money account limit at a participating Pick n Pay, Boxer, retail store or a local Mobile Money agent.
  • Buy prepaid airtime for any cellphone network and get a 5%* cash reward if you're on the MTN network.
  • Have your salary paid into your Mobile Money account.
  • Get free unlimited card swipes and pay no monthly or annual card service fees when you use your linked Mobile Money VISA Card for everyday purchases at any point-of-sale machine.
  • If you're an MTN customer, get family and friends to send you money by sending a ‘Please send me money' SMS for free. Dial *141*3# and follow the prompts.
  • Conveniently make payments to any bank account in South Africa using the Mobile Money mobile banking site at www.momoney.co.za.

Get started now! Dial *120*668# to open your Mobile Money bank account.

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).

Who can open a Mobile Money account?

Anyone who

  • is 16 years of age or older,
  • has a valid South African identity number and
  • has an active cellphone number.

Each Mobile Money customer may only open one account, which is subject to successful fraud and risk control checks.

Mobile Money's Terms and Conditions must be accepted before a Mobile Money account can be opened. For additional information or if you do not understand the Terms and Conditions or how they apply to you, please contact the Mobile Money Customer Care Centre on 083 123 0145 (the call is free for MTN customers).

Earn double Pick n Pay smart shopper points when using Mobile Money

Not only is our product offering convenient and affordable but with a Mobile Money account, you can also earn double smart shopper points when buying groceries at any Pick n Pay store.

Simply swipe your Pick n Pay smart shopper card and pay for your shopping with Mobile Money using 'Pay at Till' or 'Pay at Till with CashBack' at Pick n Pay till points.

Link a VISA card to your Mobile Money account

With a Mobile Money VISA Card, you can pay for goods and services at most retail stores or withdraw cash at any ATM. All you need to do is purchase your Mobile Money VISA Card* from a participating Pick n Pay, Boxer, retail store or a local Mobile Money agent and activate your card on your Mobile Money account within seven days.

In the unfortunate event of your card getting lost or stolen, you can easily cancel your card by doing one of the following:

  • Dial *120*668# to access your Mobile Money account and select the ‘Cancel Card’ option.
  • Contact the Mobile Money Customer Care Centre on 083 123 0145 to cancel your card.

If you forget your PIN, simply contact the Mobile Money Customer Care Centre on 083 123 0145 for assistance (the call is free for MTN customers).

For more information, see the details on the Mobile Money VISA Card pack.

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 monthly card fees
  • No minimum balance
  • Free unlimited swipes

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 till
  • 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.

    Open a Mobile Money bank account

  • 2.

    Access your Mobile Money bank account

  • 3.

    Upgrade your Mobile Money bank account to increase your account limits

  • 4.

    Send money from your Mobile Money bank account

  • 5.

    Make payments into 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

Using your Mobile Money Bank Card

  • 1.

    Activate your Mobile Money Bank Card

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

Share on

  | Print

You may also be interested in...

Cellphone banking

Cellphone Banking is a service that may be provided by your bank to purchase airtime on your handset.

 

ATM TopUp

Use an ATM ( FNB, ABSA, Standard Bank and Nedbank) to top up your airtime.

 
Ad Banner Placeholder