Bank Zero launch delayed until next year

[Jamie McKane]

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.

 

[r00igev@@r]

Now we know what the name means...

 

[mr_norris]

They are giving the new competition one hell of a head start. I am interested to see what their interest rates will be on their savings.

 

[lowriderza]

A pity really. I was hoping for a cheaper business account. It's basically a race between them and Capitec for my business

 

[Swa]

They're doing things properly. Unlike Tymebank that tried to get a head start and only ended up damaging their reputation from day one.

 

[lotus123]

A pity really. I was hoping for a cheaper business account. It's basically a race between them and Capitec for my business

I'm guessing you mean to use a Capitec personal account for your business needs?

AFAIK Capitec's Business Bank (Mercantile Bank) hasn't fired up in the new guise yet.

 

[lowriderza]

I'm guessing you mean to use a Capitec personal account for your business needs?

AFAIK Capitec's Business Bank (Mercantile Bank) hasn't fired up in the new guise yet.

Technically I can use the normal personal account for my business it just looks rubbish to suppliers and clients. And yes I'm waiting for them to utilize their mercantile bank acquisition. They did indicated there will be a low fee product forthcoming.

 

[mister]

Business customers will enjoy seamless integration with Xero accounting software.

Me: Hi is this 0?
Call Center: Yes this is Zero
Me: I'm trying to print last month's financial report but Xero won't let me login. Is the system offline?
Call Center: Huh?

 

[lowriderza]

Me: Hi is this 0?
Call Center: Yes this is Zero
Me: I'm trying to print last month's financial report but Xero won't let me login. Is the system offline?
Call Center: Huh?

Well spotted. I'm most probably not going to use Xero of I use Zero. FNB's Instant Accounting ended up being down a real disappointment mainly due to the constant downtime.

 

[Smiley_lauf]

website yet??

 

[BBSA]

website yet??

Bank Zero | be the change

A simple and modern App-driven bank for both individuals and businesses, with a fresh approach towards banking.

www.bankzero.co.za

 

[mister]

Well spotted. I'm most probably not going to use Xero of I use Zero. FNB's Instant Accounting ended up being down a real disappointment mainly due to the constant downtime.

I actually use Xero! It works great, never had any downtime, but it's expensive.

If Zero convinced Xero to give us 0 fees it would be great

 

[Happy Days]

Sounds good - until they also decide that they don't need a website (like that other idiots).

 

[mister]

Sounds good - until they also decide that they don't need a website (like that other idiots).

If they go the no-website route they can count me out as a client too.

 

[lowriderza]

I actually use Xero! It works great, never had any downtime, but it's expensive.

If Zero convinced Xero to give us 0 fees it would be great

My accountant gives me the hairy eyeball if I mention using anything but Quickbooks or Pastel.

 

[mister]

My accountant gives me the hairy eyeball if I mention using anything but Quickbooks or Pastel.

My accounting firm exclusively uses Xero.... never had to meet them in person, or transfer any accounting documents to them.

 

[lowriderza]

My accounting firm exclusively uses Xero.... never had to meet them in person, or transfer any accounting documents to them.

Interesting! Where are they based? I don't want to move accounting firms it's just good to have knowledge like this at hand as my main job is consulting.