Bank Zero

Being able to make immediate EFT payments from your Bank Zero account to any other SA bank account is not particularly big news. Being able to do this at one of the cheapest rates in South Africa of only R6.50 ....and for this rate to also apply to business accounts... that is news. We keep sticking to our pricing principles of: (1) All accounts have exact same pricing. (2) No need to pay more to have a 'better' account. (3) Businesses pay the same as individuals. (4) Basic banking should be free. (5) Extras are charged for. (6) We transparently pass the cost of extras through to you. Note: Principle 6 is why you pay more when sending more than R3000 to 3 specific banks - because they charge us more than all the other banks, when we send our customers' money to them. #DigitalBanking #AppBanking #NeoBank #BusinessBanking #PersonalBanking #ZeroFeeBanking #FreeBanking #PowerfulBanking #InnovativeBanking #SecureBanking #CustomerService #SafeBanking #TransparentBanking

There's a lot of talk in the media again about VBS mutual bank in South Africa, and all the corrupt practices that led to its demise. And lots of questions on whether new banks, or mutual banks could follow the same path. Firstly, VBS had corrrupt management. Secondly, the new deposit insurance provided by the South African Reserve Bank (via CODI) protects your money up to R100k at EVERY SA bank. If you were perhaps a bit hesitant to join a new bank (even if they are super ethical) - now you can. Should something terrible happen to the bank, your money is guaranteed to be paid back to you, up to R100k per profile. Now you really can try out Bank Zero - deposit insurance adds that extra layer of peace-of-mind on top of zero card fraud and zero phishing, . (And all at Zero fees!) Listen here: https://iono.fm/e/1464125 #DigitalBanking #AppBanking #NeoBank #BusinessBanking #PersonalBanking #ZeroFeeBanking #FreeBanking #PowerfulBanking #InnovativeBanking #SecureBanking #CardSecurity #CustomerService #SafeBanking #TransparentBanking

Imagine you could track your EFT payments like you track your parcel deliveries... With payments from Bank Zero accounts this is exactly what happens. A simple, effective tracking tool is embedded into the transaction detail of each EFT payment made by a Bank Zero customer. Whether the recipient is with Bank Zero or not, they can check the latest status of an expected payment - just scan Proof of Payment on the landing page of the Bank Zero app. New tech makes new yet simple innovations so easy to implement. All with the ultimate aim to provide helpful support and transparency to Bank Zero customers. #DigitalBanking #AppBanking. #NeoBank #BusinessBanking #ZeroFeeBanking #FreeBanking #PowerfulBanking #InnovativeBanking #SecureBanking #CustomerService

Most of us appreciated this weekend of rest before all the admin stress starts of checking and loading month-end payments. Unless you're a Bank Zero customer... then this week is easy too. Why? Because the team at Bank Zero loves solving real problems which both individuals and businesses have to struggle with far too often. One of those is the frustration of having to spend so much time paying all those many bills at the end of the month - requiring a big heap of payment transactions. On the Bank Zero App all these payments can be made in ONE go from ONE single screen. And if you find your phone screen too small to create those payments? That frustration has been solved for too. Just use your computer to list them in one csv file, and then upload that file. Simple. Easy. The way banking should be. #DigitalBanking #AppBanking #NeoBank #BusinessBanking #PersonalBanking #ZeroFeeBanking #FreeBanking #PowerfulBanking #InnovativeBanking #SecureBanking #CustomerService #CustomerExcellence #PayMany

When the new Deposit Insurance Scheme for South Africa was recently announced by the SA Reserve Bank, it was a seminal moment for depositors and the industry alike. No longer do customers have to worry about a bank failing and them losing their hard-earned money. (Think of the recent VBS collapse and the impact on innocent savers, wait for the shudder of horror, and then know the peace that comes with the knowledge that those same depositors would now be covered should another VBS happen.) All deposits up to R100k per profile per bank is now insured by CODI. Each individual profile, each business profile. Although R100k might not sound like a lot to everyone, it covers over 90% of SA depositors. It therefore has a big knock-on impact on the economy as a whole. This was one of the first articles that was published on this new scheme: https://lnkd.in/dKgRZnGw. #SafeBanking #SecureBanking #DigitalBanking #DigitalBank #AppBank #Neobank #ZeroFeeBanking #PowerfulBanking #InnovativeBanking #BusinessBanking #BusinessBank

It's part of daily life to have card subscriptions for online news / streaming / cloud storage / gaming / etc. These can be done in rands or foreign currency. That's where hidden costs start sneaking in... You should pay: (1) No fees (2) No mark-up if in Rand (3) Low mark-up if in foreign currency Bank Zero's the only South Afican bank charging Zero fees AND Zero mark-up on Rand AND only 1% mark-up on other currencies AND no account fees. And as an extra tip - always check what forex conversion rate a bank uses. They might advertise 0% mark-up, but then hide behind a high conversion rate. A great article comparing Card Subscription charges of various banks: https://lnkd.in/diFrN2Ma #DigitalBanking #NeoBank #BusinessBanking #ZeroFeeBanking #PowerfulBanking #InnovativeBanking #CardSecurity #CardSubscriptions

We love it when the truth starts surfacing: Bank Zero has the lowest fees of all digital banks (or neobanks), and actually of all banks in South Africa. And the cherry on top? These exact same low (actually mostly Zero) fees apply to personal and also BUSINESS accounts. And yes, then there's the worry that corners might've been cut to get to these low fees. But no. It's just proper innovation and new tech. Bank Zero can truly claim the best customer security of all banks in the world, with Zero card fraud and Zero phishing. https://lnkd.in/dp6gr4uS #DigitalBank #NeoBank #BusinessBank #ZeroFeeBanking #PowerfulBanking #InnovativeBanking #SecureBanking

Exciting when businesses use the Bank Zero 'PayMany' feature... All monthly payments done from a single app screen in just a few minutes. And the best part? Combining the convenience of a big-screen desktop where the amounts are entered into a spreadsheet, with the security of a non-phishable App where the file is then uploaded, automatically put through the pre-defined authorisation chain, and payments securely made. #DigitalBanking #NeoBank #BusinessBanking #ZeroFeeBanking #PowerfulBanking #InnovativeBanking

Interesting price comparison of various SA business bank accounts. Important to note: (1) Some of these accounts limit business turnover, where you pay more if you have a higher turnover - talk about a perverse incentive! (2) Some of these accounts limit the max balance in the account - another perverse incentive! (3) Some of these accounts are for sole traders only. The Bank Zero account is open to almost all business types - from sole traders to partnerships to PTYs to NPOs. And you can have any turnover in your business. And definitely any account balance. And then on top of that, Bank Zero has the widest spread of Zero fees amongst all the banks. And the most innovative functionality and security. It's really a no-brainer to open an account for your business at Bank Zero. https://lnkd.in/dtXBMrpx #DigitalBanking #AppBanking #InnovativeBanking #PowerfulBanking #FreeBanking #ZeroFeeBanking #BusinessBanking

We absolutely loved coming across this comment. Real people spreading real news about real value. Made us so happy that people get what we're doing - changing the way one should bank. #DigitalBanking #AppBanking #InnovativeBanking #PowerfulBanking #FreeBanking #ZeroFeeBanking #CustomerService #BusinessBanking