Discovery Bank

Has anyone experienced an effect with regards to the savings rate with discovery since the last 2 repo rate increases ?

I remember the savings % decreased quite quickly when the repo rate was decreased.
 
JacksonR said:
Has anyone experienced an effect with regards to the savings rate with discovery since the last 2 repo rate increases ?

I remember the savings % decreased quite quickly when the repo rate was decreased.
Click to expand...

IMG_5103.jpg
This is from my 32 day account. But I'm not sure if it's because of the interest rate hike, because I changed from Gold to Diamond at this time as well.
 
JacksonR said:
Has anyone experienced an effect with regards to the savings rate with discovery since the last 2 repo rate increases ?

I remember the savings % decreased quite quickly when the repo rate was decreased.
Click to expand...

Nope still at 2.75% since October 2021. Never changed for me.
 
Interim statement arrived yesterday afternoon, not stamped or verified though
 
Trying to do a payment orginally as a once-off now tried adding as beneficiary - keep getting notifcation that the payment is suspicious and has not been processed.
Payment is well within my payment limits.

Call centre says it is because it is new recipient and I must try again after 2 hours (this is part of their fraud prevention).

Anyone else experienced this nonsense?
 
The app at least says the payment could not be processed, followed by sms and email saying:

Discovery Bank: The EFT from account *** to account *** appears to be suspicious and has not been processed. For more info, call 0860112265
Click to expand...

Online banking gives the below. Something seems to have fallen over at Discovery. Need to make an urgent deposit payment for a vehicle.

Screenshot 2022-02-01 184650.png
 
Anyone ever replaced a lost card?
Is a 1 day replacement waiting time wishful thinking?
 
DrX said:
Anyone ever replaced a lost card?
Is a 1 day replacement waiting time wishful thinking?
Click to expand...
1 day, yes. IIRC, my card was delivered on day 2. Create a virtual card and use Samsung/Apple Pay while you wait for the delivery.
 
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AirWolf said:
The app at least says the payment could not be processed, followed by sms and email saying:



Online banking gives the below. Something seems to have fallen over at Discovery. Need to make an urgent deposit payment for a vehicle.

View attachment 1236630
Click to expand...

Discovery no longer allows immediate payments to new recipients. You can create the recipient, then wait 3 hours to 5 business (their system will automatically restrict certain recipients for an unspecified period of time) days before you can make an immediate payment. Also, the first payment can only be done on the app and not on the website.

Apparently Discovery experienced some illegal online transfers / immediate payments for some reason and the implemented these new security measures.
 
rvZA said:
Discovery no longer allows immediate payments to new recipients. You can create the recipient, then wait 3 hours to 5 business (their system will automatically restrict certain recipients for an unspecified period of time) days before you can make an immediate payment. Also, the first payment can only be done on the app and not on the website.

Apparently Discovery experienced some illegal online transfers / immediate payments for some reason and the implemented these new security measures.
Click to expand...
I made an immediate EFT payment yesterday immediately after creating the beneficiary. Had to use the app as the payment failed when trying on the web site.

Oddly, I received a sms saying " The EFT from account *** to account *** appears to be suspicious and has not been processed. For more info, call 0860112265" but the beneficiary still received the payment almost immediately.
 
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