GoTyme Bank: Business banking & SME funding

How the GoTyme Bank business account works

GoTyme Bank’s business account isn’t a separate product with its own app or registration process — it’s opened as a second account inside the same GoTyme Bank app personal customers use. This is aimed at entrepreneurs, freelancers and side-hustle owners who want to keep business money separate from personal spending without the paperwork and onboarding delay of a traditional business bank account.

Following a 2026 update, GoTyme Bank improved how the second account works: instant payments from the business account are now free up to R5,000, with a flat R7 fee for payments up to R50,000, matching the fee structure on the main Current Account. Customers can also manage their business account on both Android and iOS, and any GoalSave savings pockets that were previously linked specifically to the business account are now consolidated into the customer’s single personal profile, where they continue to earn interest as normal.

GoTyme for Business fees

Because the business account shares the same underlying fee structure as GoTyme Bank’s personal Current Account, most day-to-day transacting stays free — the same principle of “pay only for what you use, not for holding the account” applies here too.

Who is GoTyme for Business best suited for?

This account fits sole proprietors, freelancers and small businesses that want to separate their business income and expenses from personal spending, without the document-heavy onboarding a traditional business bank account often requires. It’s a weaker fit for a business that needs a dedicated relationship banker, complex multi-signatory approval workflows, or specialised business lending products beyond what GoTyme for Business currently offers directly.

GoTyme for Business SME funding

Beyond the everyday business account, GoTyme for Business runs a dedicated SME funding arm that has provided more than R10 billion in working capital to over 70,000 South African small businesses. This is led by GoTyme’s Group Executive for Business Banking, who has spoken publicly about helping SMEs manage cash flow, stay agile and find growth opportunities even in a slower-growth economic environment.

GoTyme doesn’t publish a single flat rate or fixed amount range for this SME funding on its public pages — availability, amounts and terms are assessed per business, similar to how GoTyme Bank’s personal loans are priced individually rather than at one advertised rate. Businesses interested in funding should apply directly through the GoTyme for Business channels on gotyme.co.za for a specific offer.

TymeAdvance: earned wage access for your employees

Beyond funding for the business itself, GoTyme Bank offers TymeAdvance, an employer-partnered benefit that gives employees zero-interest early access to salary they’ve already earned but haven’t yet been paid. Rather than employees turning to expensive short-term loans or loan sharks to bridge a cash-flow gap before payday, TymeAdvance lets them draw down a portion of wages already worked, at no interest cost, with the amount automatically settled against their next paycheque.

Employers that offer TymeAdvance as an employee benefit have reported improved staff productivity and reduced absenteeism, since financial stress before payday is a genuine driver of both. Businesses interested in offering TymeAdvance to their staff should get in touch through GoTyme for Business channels to set it up.

Frequently asked questions