Discovery Bank

Discovery Bank is a digital bank with assets valued at R3.6 billion. Founded in 2018 with its headquarter in Sandton, Discovery Bank is a subsidiary of Discovery Limited, a well-known South African life insurance and healthcare company. Discovery Bank offers personalized banking solutions, rewards for healthy living, and innovative financial products.

Discovery Bank is a South African financial institution that has quickly established itself as a disruptor in the competitive banking industry in the country. What sets Discovery Bank apart from other traditional banks is its strong focus on technology and innovative solutions to help customers manage their finances more effectively. The bank operates entirely online, and customers can access all of their accounts, products, and services through their mobile devices. Discovery Bank also offers customers a rewards program, which incentivizes responsible financial behaviour, such as saving money and maintaining healthy lifestyles. This unique approach to banking has attracted a large number of customers since its launch, with over 300,000 clients now registered with the bank.

Additionally, Discovery Bank has received numerous awards for its customer-centric approach and innovative solutions, including being named Best Digital Bank in South Africa for 2021 by the Global Finance Magazine. Overall, Discovery Bank has cemented itself as a leading player in the financial services industry in South Africa, thanks to its cutting-edge technology and customer-focused approach.

Founded: 1977

Headquarter: Durban, South Africa

Website: https://online.discovery.bank/login