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Tyms Pay: wallets and deposit accounts

Tyms Pay gives your business wallets you can receive money into and pay from, right inside your books. Every naira in or out is recorded for you. Tyms Pay is available for businesses in Nigeria, in NGN.

Your wallets

Go to Banking → Tyms Pay. The Payment wallets tab shows each wallet with three balances:

Balance

Meaning

Available to spend

Money you can send now.

Pending

Money on its way in or out.

On hold

Money held back, for example while a payment waits for approval.

Tyms Pay wallets

Each wallet also appears on Banking → Bank Accounts, so its transactions reconcile like any other bank.

Create a wallet

Use separate wallets to keep money apart, for example Main for day-to-day spending and Payroll for salaries.

  1. Click Create wallet.

  2. Enter a Wallet name and confirm.

Receive money

  1. Open a wallet. The Deposit accounts tab lists its account details.

  2. Click Create deposit account and confirm. Tyms creates an account number for this wallet.

  3. Share the Account number, Bank and Account name with whoever is paying you. Use the copy button next to the number.

    Deposit accounts

Money sent to that account lands in the wallet and shows under Activities.

See money in and out

The Activities tab lists every movement with its Date, Flow (Money in or Money out), Amount, Narration and Type.

Wallet activities

Wallet actions

Click Actions on a wallet:

  • Sync activity: fetch the latest money in and out.

  • Refresh balances: update the available, pending and on hold amounts.

  • Close wallet: only possible when all its balances are zero.

Related articles

  • Set your transfer PIN

  • Pay bills and suppliers with Tyms Pay

  • Wallet access and spending rules

  • Pay salaries with Tyms Pay

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