Topics: Personal finance

Discovery Bank Festive SpendTrend 2024/2025: Clients’ book 18,000 flights and fly 320 million kilometres

Discovery Bank Festive SpendTrend 2024/2025: Clients’ book 18,000 flights and fly 320 million kilometres

Johannesburg – 27 January 2025 – Discovery Bank, today, released an analysis of its client transaction data during December 2024. It highlights interesting festive spend behaviours among the Bank’s clients and the value derived from their travel and lifestyle rewards.
Hylton Kallner, CEO of Discovery Bank, says, “The December holiday period is known as a time of increased spending. So, it’s n

Affordable cover for accidents and medical emergencies through Discovery Emergency Cover

Affordable cover for accidents and medical emergencies through Discovery Emergency Cover

Highlights:
The Discovery Emergency Cover range of options will be available from 1 January 2025 Employees and their families will now have access to extensive cover for accidents and trauma events, treatment in casualty and for emergency in-hospital procedures Discovery Emergency Cover is offered through three packages – Emergency Core, Emergency Plus, Emergency Max - starting at R90 per mont

Discovery Bank’s performance on service and emotional connection with clients has remained the highest rated in the Ask Afrika Orange Index®

Best in banking and beyond: Three wins for Discovery Bank at Ask Afrika Orange Index® awards

Johannesburg, 30 August 2024 – On Wednesday, the 2024/2025 Ask Afrika Orange Index®, a leading, independent benchmark study in the field of customer experience, showed Discovery Bank as the clear leader not just among banks, but across all brands included in the study.
The Ask Afrika Orange Index® survey, which consisted of 46,000+ consumer interviews about their real experiences and expect

Discovery Bank has, in under five years, grown to a completely digital, comprehensive retail bank offering that is attracting over 1,000 new clients a day

Discovery Bank grows to one million clients two years ahead of plan

Johannesburg, 26 August 2024 – Discovery Bank, today, announced that is has reached the milestone of acquiring its first one million clients. This follows the Bank’s announcement earlier this year that it had over two million active accounts.
Hylton Kallner, CEO of Discovery Bank, says, “This milestone of our first million clients is a special one. While it’s only the beginning for us, we are

A Discovery insights paper gives details about the additional value clients get from Ðiscovery Miles, making this currency, integrated across Discovery products, more valuable than cash

Rewarding positive behaviour with over 10 billion Ðiscovery Miles in 2024

Johannesburg, 30 July 2024 – Discovery, today, released a paper on the value Discovery Vitality members get from Ðiscovery Miles, the currency used to give clients rewards for positive behaviours across the integrated Health, Drive and Money behaviour-change platforms.

Highlights from the research:
In 2024 alone, Discovery Vitality members are expected to earn more than Ð10 billion with

Discovery Bank achieved the highest rating of all retail banks in SA with clients experiencing the highest levels of product satisfaction, delight in emotional connection and other metrics

Discovery Bank takes top spot in new Ask Africa Banking Brand index

Johannesburg, 23 July 2024 – Research company, Ask Africa, yesterday, announced the results of their all-new Ask Africa Banking Brand Index © in which Discovery Bank took top spot for both brand connection and emotional satisfaction. Including views from clients across 11 major South African banks, Discovery Bank stood out as winning the hearts and minds of banking clients across all income groups

Leading health insurer’s ambition to help create a healthier Africa continues to gain momentum

Leading health insurer’s ambition to help create a healthier Africa continues to gain momentum

Leading health insurer’s ambition to help create a healthier Africa continues to gain momentum
Vitality Health International, the innovative health insurer that provides leading healthcare solutions to employers in Africa, has announced additional benefits, improved access to accredited healthcare provider networks, and a new health insurance plan to further broaden access of comprehensive heal

Discovery Life unpacks the hidden costs of winding up a deceased estate

Discovery Life unpacks the hidden costs of winding up a deceased estate

Even though just over 40% of South Africans have funeral cover, only one in 10 South African consumers has life insurance. If the deceased’s estate has a cash shortfall, the funeral and immediate costs may be taken care of, but there are no backup funds available to pay for winding up the estate itself.

Discovery Bank democratises the traditional banking model by segmenting and rewarding clients for managing their money well, not just for how much they earn.

Discovery features fourth on the 2022 Fortune Change the World list

Discovery ranks fourth on the Fortune Change the World list for the application of its shared-value model in the banking industry through Discovery Bank - a branchless, full-service bank which nudges and rewards clients towards better financial behaviours and outcomes.

Discovery Bank clients can now open a new EasyEquities account, or link an existing one, seamlessly through the Discovery Bank app

Share trading now available for Discovery Bank clients through EasyEquities

Johannesburg, October 6, 2022 – Coinciding appropriately with World Investor Week, Discovery Bank is excited to announce the launch of share trading through the Discovery Bank app, in partnership with EasyEquities. Clients can now open a new EasyEquities account, or link an existing one, seamlessly through the Discovery Bank app, making investing in their favourite local and global brands and othe

Cogence will bring asset allocation views from BlackRock, one of the world’s leading asset managers, together with personalised insights from Vitality

South Africa’s first global discretionary fund manager launched by Discovery

Johannesburg, 23 August 2022 — Discovery Group today announced the launch of Cogence, a discretionary fund manager (DFM) seeking to significantly enhance the business of wealth creation in South Africa. Cogence will bring asset allocation views from BlackRock, one of the world’s leading asset managers, together with personalised insights from Vitality to provide investment solutions including mode

Discovery Bank hits 1 million accounts, expands banking and lifestyle benefits

Discovery Bank hits 1 million accounts, expands banking and lifestyle benefits

Johannesburg, 20 June 2022 – Over the past year, Discovery Bank has seen strong deposit growth and considerable traction of its shared-value banking model amongst its client base; the appeal of a full service, shared value, digital bank is reflected in Discovery Bank’s strong growth to over 1 million accounts since its public launch in 2020.
Today, as the Bank announced the milestone of reachin

How young is too young to start thinking about retirement?

How young is too young to start thinking about retirement?

Johannesburg, 11 May 2022 — According to National Treasury, South Africans generally need more awareness of investments and savings in general. Luckily, you’re never too young to start investing in your future, or too old to change the way you think about your retirement, as the 11-year-old star of a new Discovery Invest campaign helps us see.
“When people don’t save enough for retirement, and

Discovery Bank forex accounts give clients outstanding benefits, all conveniently packaged in the Discovery Bank app

SAFx Rater confirms Discovery Bank’s new-generation forex account offers a unique experience

Johannesburg, 17 March 2022 – Discovery Bank today released its inaugural “SAFx Rater”, a comparative analysis of features and benefits of forex accounts offered by major banks and forex providers in South Africa. With the recent strengthening of the rand against major currencies, there has been significant interest in opening foreign exchange accounts to take advantage of this. Discovery Bank has

Discovery Invest shares its market outlook for 2022

Discovery Invest shares its market outlook for 2022

Johannesburg, 14 February 2022 - With 2021 characterised as a year of strong market recovery from the shock caused by the global outbreak of COVID-19, the scene for 2022 remains positive, albeit with some uncertainty.
Kenny Rabson, CEO of Discovery Invest, says that while the worst is likely behind us in terms of the market impact of COVID-19, its longer-term effects are continuing to influen

Discovery Bank Forex Accounts will be operational 24/7 and clients will not pay foreign currency conversion transfer fees for transactions between their different forex and Rand accounts

Discovery Bank introduces the only Real-Time Forex Accounts in South Africa

Johannesburg, 07 February 2022 — Discovery Bank, this week, launched its comprehensive, real-time forex capability on the Discovery Bank app that gives access to immediate foreign currency transactions.
Hylton Kallner, CEO of Discovery Bank, says, “Our full forex capability is a key requirement in an increasingly global environment. We have placed a great focus on ensuring that we remove the c

The inaugural Discovery Retirement Summit held on 25 January featured an exclusive line-up of global industry leaders sharing insights to help better navigate the complexities and reimagine the future of retirement.

Discovery retirement model can triple investments, says Bank CEO

Hylton Kallner opened the inaugural Discovery Retirement Summit by revealing how Discovery’s retirement model leverages a unique understanding of the nature of risk in order to predict it, and then intervene. By incentivising responsible financial behaviours, Discovery Invest has generated R13.3 billion in shared value benefits for its clients.

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