PotatoGuardian
Senior Member
Anyone tried a forex account yet?
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Discovery Bank
- Thread starter zerocool2009
- Start date
I wanted to until I saw the fees.
AirWolf
Honorary Master
Multicurrency FX Account fees | Products
Fees and charges with our Discovery Bank Forex Accounts
www.discovery.co.za
but those are the standard fees for the SWIFT network that all banks charge...
PotatoGuardian
Senior Member
Fees didn't seem terrible based on my bundle. I went with it anyways and will test it out and see if it works for me
Charlesjjm
Expert Member
File too big to upload. Scroll down to Discovery Bank for all the changes.
Charlesjjm
Expert Member
Discovery Bank launches share trading – linked to Vitality rewards
Discovery Bank has launched share trading through the Discovery Bank app in partnership with EasyEquities.
businesstech.co.za
Easy Equities launched
AirWolf
Honorary Master
Yep - took them a year to get this launched - hopefully issues have been ironed out in that time.Discovery Bank launches share trading – linked to Vitality rewards
Discovery Bank has launched share trading through the Discovery Bank app in partnership with EasyEquities.
Easy Equities launched
Just linked mine.
now05ster
Executive Member
- Joined
- Dec 8, 2011
- Messages
- 6,337
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Capitec says that you save on brokerage feeswhen purchasing through them. Can't see the same savings mentioned with Discovery Bank.Discovery Bank launches share trading – linked to Vitality rewards
Discovery Bank has launched share trading through the Discovery Bank app in partnership with EasyEquities.
Easy Equities launched
Does it really make that much of a difference, though? I would much rather use Discovery Bank accounts and just close my Capitec acc.
Invest with EasyEquities
Buy and sell local or international shares straight from our app and save 20% on brokerage fees across all trades .
www.capitecbank.co.za
AirWolf
Honorary Master
Tested transfers - instant as advertised.
Charlesjjm
Expert Member
I'm sure you'll have to compare it with this:Capitec says that you save on brokerage feeswhen purchasing through them. Can't see the same savings mentioned with Discovery Bank.
Does it really make that much of a difference, though? I would much rather use Discovery Bank accounts and just close my Capitec acc.
Invest with EasyEquities
Buy and sell local or international shares straight from our app and save 20% on brokerage fees across all trades .
"Clients pay no transfer fees between their Discovery Bank account and their EasyEquities ZAR account, no minimum investment amounts, and no monthly trading account fees."
Not sure about any other fees. If there's an update I'll post it.
AirWolf
Honorary Master
Can you transfer directly from a Discovery foreign currency account to the respective foreign currency account on EE?Capitec says that you save on brokerage feeswhen purchasing through them. Can't see the same savings mentioned with Discovery Bank.
Does it really make that much of a difference, though? I would much rather use Discovery Bank accounts and just close my Capitec acc.
Invest with EasyEquities
Buy and sell local or international shares straight from our app and save 20% on brokerage fees across all trades .
now05ster
Executive Member
- Joined
- Dec 8, 2011
- Messages
- 6,337
- Reaction score
- 5,588
Nope. It only allows me to transfer from my credit card or transaction accounts. There is no option for me to transfer funds from my USD account.
AirWolf
Honorary Master
One issue with the Discovery/EE integration:
- It doesn't show how much is available in your share account when you try to buy a share.
It has a similar layout to when you are transferring funds between your own accounts. On the normal transfers screen, it shows the funds in both the from and to accounts.
- It doesn't show how much is available in your share account when you try to buy a share.
It has a similar layout to when you are transferring funds between your own accounts. On the normal transfers screen, it shows the funds in both the from and to accounts.
Can you move the cash that sits in a Vitality Savings account to a fixed deposit? I've got it there for Diamond but would like it to earn the higher rates without losing the Diamond benefit, is that fine?
Charlesjjm
Expert Member
You should be able to. The main thing is that the funds are in a Discovery Bank account.
HandyTechTipper
Well-Known Member
Calling people still on the FNB-powered credit card (earning 1 mile per R15 spend)... Is there any way to access the Vitality Travel site without migrating to Discovery Bank products?
The zero fees account isn't listed because you already have a Discovery Card
The zero fees account isn't listed because you already have a Discovery Card
I couldn't find any options to do it without migrating.
Nope, the travel site is part of the Discovery Bank site and will soon (2023 probably) be available on the Bank App as well.