Discovery Bank begins rollout to general public

Bradley Prior

Bradley Prior

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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.
 
Charlesjjm said:
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.
Click to expand...

I tried to convince my employer to pay me in cash, they didn't like the idea.
 
Charlesjjm said:
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.
Click to expand...
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.
 
The hype is gone and the benefits and costs still to be revealed or am I missing something
 
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
 
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.

Charlesjjm said:
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.
Click to expand...
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.
 
noxibox said:
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.
Click to expand...
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
 
anyone that signs up agrees to give black investors a share, and therefore accepts racism in business is real
 
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