New South African tech bank shootout

Jamie McKane

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New South African tech bank shootout

Discovery Bank was launched on 14 November, offering a completely digital banking service with products designed to improve the money management of clients.

Discovery CEO Adrian Gore described the new venture as the world’s first “behavioural bank” which will reward clients for healthy life choices and good financial decisions.
 

Bobbin

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"Many services are free"

Disingenuous statement is disingenuous
 

Swa

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Discovery Bank was launched on 14 November, offering a completely digital banking service with products designed to improve the money management of clients.
:confused:
 

lestoran

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Discovery Bank if its anything like Discovery Medical:

At checkout: Sorry sir but Discovery Bank's milk rate is R13.99 and this milk cost R22.90. How would you like to pay the shortfall?
 

konfab

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Discovery CEO Adrian Gore described the new venture as the world’s first “behavioural bank” which will reward clients for healthy life choices and good financial decisions.
Being black is always a good financial decision here in the non-racial utopia of the People's Republic of South Africa.
 

InfidelGastro

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Being black is always a good financial decision here in the non-racial utopia of the People's Republic of South Africa.
Discovery Bank only rewards you if you are black. If you are not, well then you had better choose another financial institution. They're not racist or discriminatory... Or so they state, but anybody, even those with half a brain, know that it's nothing but total bullsh1t.
 

Nod

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How do they compare to N26?
No fees on transactions, even international.
 

Nod

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Well they have a SA Banking license unlike N26....
Yes, just thought it would be nice to see how similar banking services compare to the local flavours. But yes, probably no point for those who can't get their salaries paid into this account.
 

xrapidx

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Discovery Bank if its anything like Discovery Medical:

At checkout: Sorry sir but Discovery Bank's milk rate is R13.99 and this milk cost R22.90. How would you like to pay the shortfall?
:D Spot on
 

SauRoNZA

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Discovery Bank wasn't "launched" on 14 November...they had a bloody party and a presentation.
 
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