Page 26 - Bank Zero News Today : Breaking News, Live Updates & Top Stories | Vimarsana

TymeBank CEO Tauriq Keraan said the bulk of their new capital will go to expanding the business in South Africa and competing with major banks.

No-monthly-fee bank accounts in South Africa compared Subscribe Spot Money recently launched its new open banking platform in South Africa, offering a digital bank account with no monthly fees. This account is managed purely through the Spot Money mobile application, which allows users to sign up simply by scanning their ID and taking a selfie. Their debit card is then delivered to their door and they automatically receive two digital bank accounts – one for standard transactions and another for cashback rewards. Spot Money joins a number of other bank accounts in South Africa which offer ...

The cheapest bank accounts in South Africa – how Spot Money compares to the rest Subscribe The battle for the most affordable entry-level banking account in South Africa has become a race to zero, with a new entrant into the market, Spot Money, bringing a sixth zero-monthly fee option to consumers. Spot Moneyis a digital bank born out of the rebranding of Virgin Money SA, offering app-based banking with a linked debit card. It joins the likes of Discovery and TymeBank in being purely digital, without a costly ATM or branch network to maintain. It carries no monthly account fee, which puts i...