These banks charge extra fees for rand payments to Netflix, Spotify and other online services
Most South African banks don't charge additional transaction fees for rand-based payments to international merchants, despite charges levied by payment provider schemes like Visa and Mastercard.
South Africa's R0 monthly fee bank accounts compared
South Africans have six entry-level bank accounts to choose from that don't come with any set monthly fee.
Improved digital capabilities have enabled existing big banks and new upstarts to offer banking services at very low costs.
App-based banking in South Africa — how fees differ between banks
All of South Africa's prominent banks offer app-based banking with varying fee structures, charging different amounts for basic payments, prepaid purchases, debit order disputes, and instant transfers.
MyBroadband compared the...
All but one of South Africa's major banks let customers disable tap-to-pay
FNB is the only major bank in South Africa that doesn't let customers disable tap-to-pay on their payment cards.
Although "Tap and Go" payment technology for bank cards was beneficial during the Covid-19 pandemic, many...
Michael Jordaan reveals his best investment — and which phone he uses
Michael Jordaan is one of South Africa's most respected and successful businessmen — and for very good reasons.
Under his tenure as CEO, FNB was named the most innovative bank globally, and it became the bank of choice in...
Bank Zero's plans for 2022
South Africa's digital banking newcomer Bank Zero plans to enhance its services with new features for businesses and individuals in 2022.
Bank Zero launched in October 2021, following a closed testing period starting in August 2021, during which applicants had to...
South African digital banks compared — TymeBank vs Discovery Bank vs Bank Zero
South Africans searching for a bank that doesn't require branch visits for several services can opt for one of the country's digital banks.
The country has seen the launch of several digital banks in recent years...
Cheapest banks in South Africa
The Solidarity Research Institute has released its 2022 Bank Charges Report, revealing that TymeBank is the cheapest bank in the country.
Solidarity economic researcher, Theuns du Buisson, said the report revealed that digital banks TymeBank and Bank Zero offered...
Don't bet against Bank Zero
Bank Zero launched to the public on 10 August, offering a bank account with no monthly subscription fee and low transaction costs.
Bank Zero has a unique offering. It has no bank branches and relies entirely on its smartphone app for most transactions and engagements.
Bank Zero vs TymeBank — Battle for the best affordable digital bank
South Africa's newest digital bank, Bank Zero, offers few features and pricing benefits over TymeBank, another digital-focused which launched more than two years ago, a MyBroadband comparison has shown.
Following Bank Zero's...
How Bank Zero makes money
Bank Zero founder Michael Jordaan said while they have no fees on many transactions, they make money through interest rate margins and interchange fees.
On Tuesday, Bank Zero officially launched to the public, offering a bank account with no monthly subscription fee...
We tested Bank Zero and it was impressive
Bank Zero recently invited journalists to a closed beta test and the experience was impressive — from opening our accounts and receiving our debit cards, to the features the bank offers through its app.
We signed up for an account and tested the bank's...
Bank Zero is here
Following multiple delays and years of controlled testing, South Africa's newest digital bank, Bank Zero, officially launched to the public on Tuesday.
Access to the app will be "throttled" initially, the bank said, to ensure that staff responsible for verifying FICA...
What Bank Zero will offer South Africans
Bank Zero is a latecomer to the South African digital banking market, but it is confident its value proposition will be good enough to convince new customers to sign up.
Bank Zero was first unveiled in January 2018 by founders Michael Jordaan and Yatin...
The FNB dream team who built Bank Zero
Bank Zero is ready to shake up South Africa’s banking market with innovative and affordable digital banking products.
It recently unveiled its pricing for individual and business customers and is preparing for a public launch later this year.
How Bank Zero's prices compare with Discovery Bank and TymeBank
Bank Zero has published its pricing guide for its individual and business customers, revealing how much users will be charged for their banking activities.
Bank Zero only offers one account type, stating it does not believe in the...
Bank Zero – The latest details
Bank Zero plans to launch a controlled public beta early in the second half of 2020.
This is according to Bank Zero co-founder Michael Jordaan, who told MyBroadband those who join this public beta will be selected from interested parties who supplied their...
Bank Zero debit card goes live
Bank Zero has officially gone live with its debit card, which it said is the last step in completing its core value proposition.
Following this launch, the bank will conduct rigorous security and system by simulating card attacks and testing card fraud detection.
Bank Zero launch delayed until next year
The public launch of Bank Zero has been delayed until next year, according to CEO Yatin Narsai.
Bank Zero has been in beta testing since March, and its initial launch date was set for the second half of 2019.