Discovery Bank begins rollout to general public

Charlesjjm

Well-Known Member
Joined
Dec 2, 2014
Messages
108
The thing is, Discovery made their BEE scheme a selling point, in the age of social media and everyone lost their minds. The other 4 banks set up their respective schemes a few years ago before the social media age, and by and large it went unnoticed. So if you don't want to join Discovery Bank, don't, that is perfectly fine, everyone should bank where they want. But don't be a hypocrite and blame it on their BEE scheme. In that case, close your bank account with FNB/Absa/Standard/Nedbank and keep your cash under your mattress.
 

2012

Executive Member
Joined
Jan 22, 2012
Messages
8,492
The thing is, Discovery made their BEE scheme a selling point, in the age of social media and everyone lost their minds. The other 4 banks set up their respective schemes a few years ago before the social media age, and by and large it went unnoticed. So if you don't want to join Discovery Bank, don't, that is perfectly fine, everyone should bank where they want. But don't be a hypocrite and blame it on their BEE scheme. In that case, close your bank account with FNB/Absa/Standard/Nedbank and keep your cash under your mattress.
I tried to convince my employer to pay me in cash, they didn't like the idea.
 

Tinuva

The Magician
Joined
Feb 10, 2005
Messages
8,650
The thing is, Discovery made their BEE scheme a selling point, in the age of social media and everyone lost their minds. The other 4 banks set up their respective schemes a few years ago before the social media age, and by and large it went unnoticed. So if you don't want to join Discovery Bank, don't, that is perfectly fine, everyone should bank where they want. But don't be a hypocrite and blame it on their BEE scheme. In that case, close your bank account with FNB/Absa/Standard/Nedbank and keep your cash under your mattress.
I don't like Discovery's BEE scheme. I am however content with my own bank's BEE scheme.

That said, people are free to do as they please. I for one just wont use Discovery, their Vitality scheme will butt hurt those that think it works for them.
 

jambai

Senior Member
Joined
Oct 18, 2007
Messages
829
The hype is gone and the benefits and costs still to be revealed or am I missing something
 

H1TMANlol

Well-Known Member
Joined
Dec 8, 2009
Messages
155
Imagine you bank with them and also have them as your medical aid lol something must go wrong and they'll zap all your money same time haha
 

noxibox

Honorary Master
Joined
Apr 6, 2005
Messages
17,591
Based on news articles I can find they look pretty expensive and remain vague on what this behavioural banking will entail. Given some of their other schemes I wouldn't hold my breath expecting it to be all that sensible.

The thing is, Discovery made their BEE scheme a selling point, in the age of social media and everyone lost their minds. The other 4 banks set up their respective schemes a few years ago before the social media age, and by and large it went unnoticed. So if you don't want to join Discovery Bank, don't, that is perfectly fine, everyone should bank where they want. But don't be a hypocrite and blame it on their BEE scheme. In that case, close your bank account with FNB/Absa/Standard/Nedbank and keep your cash under your mattress.
Isn't Discovery's scheme to give free shares to black customers based on how much they desposit? Did the other banks do the same thing?

I don't have a problem with Discovery giving out shares as such, but if their real aim is to tackle disadvantage, then they'd give the shares to their poorest customers. As it stands they're basically going to reward already well off black people with free stuff.

All companies should be giving share options to their lowest paid employees and definitely not to their executives. They all get it backward.
 

lord-of-war

Well-Known Member
Joined
Dec 17, 2016
Messages
335
So switching banks is mostly about cost savings, where is Discovery pricing information?
 

under_sky

Expert Member
Joined
Dec 26, 2013
Messages
1,092
Based on news articles I can find they look pretty expensive and remain vague on what this behavioural banking will entail. Given some of their other schemes I wouldn't hold my breath expecting it to be all that sensible.


Isn't Discovery's scheme to give free shares to black customers based on how much they desposit? Did the other banks do the same thing?

I don't have a problem with Discovery giving out shares as such, but if their real aim is to tackle disadvantage, then they'd give the shares to their poorest customers. As it stands they're basically going to reward already well off black people with free stuff.

All companies should be giving share options to their lowest paid employees and definitely not to their executives. They all get it backward.
I had a chat to someone on the inside and I recall him telling me the purple card has a bank fee of R18k per a year but it comes with plane tickets and all sorts think 4-5 local and 2 international. Don’t take my word for the international, think a phone also; iPhone latest one will be rewarded yearly
 

midkemia

Senior Member
Joined
May 31, 2006
Messages
550
anyone that signs up agrees to give black investors a share, and therefore accepts racism in business is real
 
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