Bank Zero has started a full end-to-end Beta test, which will involve its staff.
This is according to Michael Jordaan, cofounder of Bank Zero, who made the statement on Twitter.
Jordaan added that in addition to the Beta test, Bank Zero has officially implemented Electronic Funds Transfer capabilities – and that the bank’s launch is still planned for the second half of 2019.
Jordaan also shared information on features which will be available to Bank Zero customers, which include:
- A Bank Zero card’s 16-digit card number does not change when the card is replaced. This removes the need to update online payment details for subscription services.
- Detection of rogue debit orders will be free for individual and business customers.
- Business customers will enjoy seamless integration with Xero accounting software.
Jordaan has previously stated that Bank Zero will offer new, innovative banking at low costs and provide a high interest rate for savings.