Bank Zero ready to take on Discovery Bank and TymeBank

ghoti

Karmic Sangoma
Joined
Jan 17, 2005
Messages
45,668
I'm surprised that Tyme is not making more of the fact that you can open an account --- WITHOUT an ID, proof of address and your granny's knickers -- in just 5 minutes? And the Tyme terminal (found inside most PnPs) prints an actual Visa card right there! Why is it that everyone else wants a copy of my ID, proof of address, and the aforementioned granny's knickers?
"
If done online
, you will have access to your account, but it will be limited in how much you can transact until you go to a kiosk and “upgrade” your account (for free) to a full account through capturing biometric data, and registering your residential address.

You will also get a free debit card immediately.

FICA verification is done when you open or upgrade an account. Your ID number and thumbprints are checked electronically with the Department of Home Affairs. Your residential address and other personal information is confirmed against existing data when you answer a few easy questions."
https://businesstech.co.za/news/banking/283534/tymebank-everything-you-need-to-know-about-south-africas-first-digital-only-bank/
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ghoti

Karmic Sangoma
Joined
Jan 17, 2005
Messages
45,668
When a document required is a "Stamped bank statement" so you can accept a deposit, what do you say/do?
 

backstreetboy

Honorary Master
Joined
Jun 15, 2011
Messages
13,281
When a document required is a "Stamped bank statement" so you can accept a deposit, what do you say/do?
Just show them the one you get monthly with an e-stamp on it already or just download a new one via IB...
 
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