Bank Zero maintenance hold-up
Bank Zero is experiencing an outage, with South Africa’s youngest digital bank informing customers that its system was unavailable after maintenance took longer than expected.
“We are all hands on deck to come back up as soon as possible,” Bank Zero said in a post...
Biggest Black Friday spenders in SA for 2023
There were several shoppers in South Africa who spent hundreds of thousands of rands during Black Friday 2023.
According to data from most major banks and big payment gateways, overall spending values and volumes on Black Friday itself declined or...
Bank Zero gets new prices for 2024
Fully digital bank Bank Zero has announced its updated fees for 2024.
While the prices of most services have been kept the same, there are a few noteworthy reductions in third-party costs and value-added services.
Digital banks compared — Bank Zero beats TymeBank and Discovery Bank
Bank Zero is the cheapest digital bank available to South African customers, with Discovery Bank being the most expensive, a MyBroadband analysis has revealed.
We compared fees for three prominent digital banks in the...
Cheapest bank accounts in South Africa
Bank Zero offers the cheapest low-cost banking service in South Africa, a MyBroadband analysis using a basket of transactions shows.
South Africa's major traditional and digital banks all offer entry-level, low-cost accounts for those who prefer a...
TymeBank beats digital and traditional bank competitors in transaction fees battle
Fit-for-purpose digital banks are taking the fight to traditional banks in South Africa, pushing the envelope of what's possible without branches and bringing down banking costs in the process.
Digital-first...
South African digital banking battle
South Africans who want to open a bank account without the hassle of visiting a branch have several providers to choose from.
There are three major banks in South Africa with digitally-focused offerings that operate without physical branches — Bank Zero...
South Africa's biggest Black Friday spenders — including a R1.88-million purchase
Black Friday 2022 again saw single transactions worth hundreds of thousands of rands in South Africa, while at least two customers spent over a million rand in total on the day.
Physical retailers and online...
Bank Zero launches cash deposits and announces 2023 fees
Bank Zero has launched cash deposits at Shoprite and Pick n Pay — a feature it prioritised due to customer demand.
“Customers can deposit at any PnP or Shoprite till-point,” the bank state
TymeBank beats Discovery and Bank Zero in digital bank comparison
South Africans have three banks to choose from that don't require visiting a branch to open an account or perform a variety of everyday transactions — Bank Zero, Discovery Bank, and TymeBank.
MyBroadband compared these banks'...
Online banking comparison — App store reviews put Discovery Bank on top
Discovery Bank has the online banking platform with the most positive app store reviews in South Africa, an analysis of the scores on Google Play and the Apple App Store shows.
The bank received an aggregate score of 4.8...
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.
FNB...
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...
Bank Zero opens fully and unveils 2022 pricing
Bank Zero is now fully open for business, and the Bank Zero App is freely available in the App Store and in the Google Play Store.