FOREIGNERS FROWN AT TYME BANK

FOREIGNERS FROWN AT TYME BANK

Many foreigners who live in South Africa have expressed their grievances against Tyme Bank, an online banking system set to be fully operational next year.

The premise for the grievance is that the bank is for South Africans only.

Nigeriansinsouthafrica.co.za receive a deluge of complaint that the website of the bank only made provisions for people with South African Identity documents.

This means passport holding foreigners cannot open an account with the bank.

We put a call through to Tyme Bank, this afternoon and the consultant we spoke with, politely said: “Sorry, the bank is for South Africans only”.

Hitherto, many foreigners in South Africa hoped Tyme Bank will save them from the alleged discrimination they suffer from the regular banks.

It is a tough mission for foreigners to open bank accounts in South Africa.

Though the process seems better now than it was some years ago. We were later contacted by TYME Bank and additional explanations were provided.

“We are very sorry that you were given the impression that TymeBank is aimed only at South African customers. At TymeBank, we do not discriminate against foreign nationals living and working in South Africa. We use the Home Affairs National Identification System (HANIS) to verify the identity of our customers. At the moment, we are only able to verify a customer’s identity using a valid South African identity number, but we are working on a solution that will allow us to do the same thing using passport numbers. Unfortunately, the technology is not in place yet, but we will let the public know as soon as this function is available”, said TYME Bank

 

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Femi Oshin
Femi Oshin 182 posts

Femi Oshin is a publisher at Nigeriansinsouthafrica.ca.za and Producer /Presenter of Agogo Ayo on Africa Magic Yoruba.

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