Discovery Bank

glennhurlow

Active Member
Joined
Jan 12, 2011
Messages
85
Nifty to see how they classify it. Could have been interesting if I was doing most of my expenditure on it...
This has big potential. Two things they need to fix ASAP though:

1. Transfers between accounts shouldn't impact the budget
2. Need the ability to manually edit classifications
 

Charlesjjm

Senior Member
Joined
Dec 2, 2014
Messages
627
This has big potential. Two things they need to fix ASAP though:

1. Transfers between accounts shouldn't impact the budget
2. Need the ability to manually edit classifications
Number 2 you can do. If you go to the transaction details and click on it. Scroll down to "Financial Analyser" and tap on it. Then tap on the edit button, it looks like a pen. On the list select the approriate classification.
 

Lukcydog

Well-Known Member
Joined
Aug 13, 2012
Messages
436
1. FX - If they can beat Shyft I'll use it, otherwise ill pass.
2. EasyEquities - Now this is very interesting, probably only for the suite clients :( If not, bye bye Standard Bank securities.
3. other items - meh...
 

Lukcydog

Well-Known Member
Joined
Aug 13, 2012
Messages
436
This has big potential. Two things they need to fix ASAP though:

1. Transfers between accounts shouldn't impact the budget
2. Need the ability to manually edit classifications
Nr. 1, lol yes. My budget is completely out of whack because of a transfer i did from the Savings account.
 

twr

Expert Member
Joined
Oct 14, 2008
Messages
1,698
There is a notification on the app, it has been there for a while.

The bank is still breeding money, they need a lot more clients to become profitable, seems counter intuitive to make it more difficult. I suspect we will see the opposite or similar.
Are they talking about the weekly money goal(7/10 etc) or the goal to move up status(gold silver etc)
 

beefymoocow

Expert Member
Joined
Jun 19, 2006
Messages
1,258
1. FX - If they can beat Shyft I'll use it, otherwise ill pass.
2. EasyEquities - Now this is very interesting, probably only for the suite clients :( If not, bye bye Standard Bank securities.
3. other items - meh...

Why don’t you just use Capitec. It’s even cheaper using Capitec.
 

Koosvanwyk

Senior Member
Joined
Aug 6, 2015
Messages
660
So it looks like the financial analyser is somehow tied to the new points and status
 

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Koosvanwyk

Senior Member
Joined
Aug 6, 2015
Messages
660
I hope so Koos, and I wish they were breeding money and not bleeding money. But given that their breakeven point for clients is 500k-600k and they are only half that, they will still bleed for some time to come.
Gives you a good idea of where my mind was last evening
 

RobotWizard

Well-Known Member
Joined
Feb 28, 2017
Messages
238
Looks like there is slightly more information on how this will work, but we will have to wait until closer to Jan 2022 it seems.

1633090077030.png
 

Koosvanwyk

Senior Member
Joined
Aug 6, 2015
Messages
660
Knowing how they have F-up prior major updates (thinking of the recent changes to Vitality Drive by example), here is to hopefully having a bonus R1m in my account tomorrow.
 

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duckgray

Senior Member
Joined
Sep 28, 2013
Messages
550
Anyone else’s money goal points not allocating for todays use of their Discovery card?
A30811FC-CD53-4336-A97D-6AFDC27EBAC5.png
 

glennhurlow

Active Member
Joined
Jan 12, 2011
Messages
85
Number 2 you can do. If you go to the transaction details and click on it. Scroll down to "Financial Analyser" and tap on it. Then tap on the edit button, it looks like a pen. On the list select the approriate classification.
Ah, thanks. Lots of work ahead...
 

glennhurlow

Active Member
Joined
Jan 12, 2011
Messages
85
Are they talking about the weekly money goal(7/10 etc) or the goal to move up status(gold silver etc)
Not the weekly money goal, the points required for Vitality Money status - driven by the 5 behaviours and now including budgeting.
 
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