Watershed study. Monthly charges of business bank accounts in SA.
Not all bank accounts in this study are for PTYs though, some are only for sole proprietors. If comparing only PTY accounts (not all are listed here), the differences become really stark.
Bank Zero
2,932 posts
Powerful App-driven banking at Zero cost - for both individuals & businesses ([email protected] or whatsapp 079-221-6628)
- BREAKING NEWS: After a quiet release 6 wks ago, we're formally announcing that you can now do full immediate EFT payments via any Bank Zero personal/business account😎 And at only R6.50 it's one of the lowest fees in the industry. (Judging by volumes, most have discovered this!)
- Just in: a large Pty Ltd operating for a solid 43 years, switched their business banking to Bank Zero - after decades with a traditional bank. Thank you. This tells us we have the right Business Banking solution!
- We’ve reached our million milestone in real live payments! Yes, that’s still small compared to billions a day done by big banks, but we’re excited to be on our way.
- Seeing payments flow from our Bank Zero App to our revolutionary core banking platform and eventually all the way to another bank is just surreal. We can't believe it, it's still sinking in.
- Bank Zero has always had a fresh new & different business model to other banks. Built from ground up and focused on efficiency, we had freedom to grow gradually without aggressive marketing. Lots of regulatory approvals underway, but exciting times ahead!
- ... and rather than a focus on taking on competitors, we are focussed on taking up the many challenges in banking that have not yet been addressed.
- Looks like we’re getting it right. High income earners are switching to Bank Zero at an increasing rate. Just recently a super high-net-worth person joined after banking with a traditional bank for more than 50 years. It literally took him 50+ years to find a compelling bank...
- One can move so fast if you build your own system exactly like you want it, instead of buying a banking platform and then having to customise it - which introduces high cost and complexity.
- Thokozani Zuma (@zuma_thokozani) replied to @BankZeroSA on Nov 9 2021: Yep! My 7yr old and 10yr old boys have their accounts and banking apps with Bank Zero! 👌😁
- This year Bank Zero made the world’s top 200 prestigious list. And one of the top 30 digital-only banks.
- The Bank Zero card can be used internationally. And we charge international card fees of.... ZERO. In addition to (not) charging card fees, banks tend to charge a % mark-up to cover costs. Ours is 0% if posted in ZAR (eg Netflix) and 1% if posted in foreign currency (eg Amazon)
- Everything you wanted to know about Bank Zero, summarised in this video. (Ok, only everything we can reveal at this stage.) 👇




