Tyme Bank Salary Advance
Did you know that you can use Tyme Bank salary advance product, known as TymeAdvance to borrow money against your salary.
Yes, this is a very great new product from TymeBank that give you access to money if you need it.
Think of it a collateral, if you have proof of salary that comes through you bank, you loan amount equal to the money that you earn.
By far, TymeBank is a newly fast growing, progressing digital bank that does not stop surprising us with their amazing products.
Let us look at how it all works in this post, what you need to qualify, who can apply and benefits of Tyme Bank advance salary.
What is TymeAdvance and How Does it Work?
TymeAdvance product allows your employees to access their salary at any time at no cost to your company, it is not a loan.
For a nominal flat cost, TymeAdvance enables you to get a portion of your earned money prior to payday.
You get the balance of your money on pay day into your regular salary account (your normal salary, minus however much you chose to payout as a TymeAdvance during the payroll cycle).
Why Get TymeAdvance (Employers)?
| Benefits of Tyme Bank Salary in Advance - TymeAdvance (Employers) |
|---|
| Keep uncomfy personal money conversations out of the workplace. |
| Protect your business cash flow. TymeAdvance is not a loan. |
| Money worries impact work. Empower staff with a solution that protects them from expensive debt. |
| Reduce the load. TymeBank takes care of the admin. |
Why Get TymeAdvance (Employees)?
| Benefits of Tyme Bank Advance Salary - TymeAdvance (Employees) |
|---|
| TymeAdvance is not a loan and will not impact credit scores. |
| They get the money they need even if they have a poor credit record. |
| All they need is a TymeBank EveryDay account, the app or a cell phone. |
| They have a quick way to access funds. |
| TymeAdvance protects them from expensive debt or loan sharks. |
| They can apply for an advance directly without needing to have an uncomfortable talk with a manager. |
How to use TymeAdvance
To get access to this great product, first and foremost, you need to open TymeBank account.
You can simply apply in just 5 minutes on the TymeBank app, login and choose TymeAdvance.
Next step, select how much you need, please note that you can withdraw up to R5 000.00 at a time.
If you are approved, your salary in advance will be deposited into you TymeBank account.
Keep in mind that, all the money you borrowed will comes off your salary when you get paid.
Apply for TymeAdvance
To get started, all you need is to download the TymeBank App and register, for more information on TymeAdvance, please visit the official page.
