Top 40 Digital Bank Globally

Powerful Banking

At Zero Cost

A fresh, simple and modern App-only bank for individuals and businesses.

Top 40 Digital Bank Globally

Powerful Banking

At Zero Cost

A fresh, simple and modern App-only bank for individuals and businesses.

Our customer stories

Sello: Misplaced your wallet?

Sello, a 46-year old soccer fan, did his usual daily commute to work on 9 Sept. He stepped out of his taxi at his usual drop-off point and began his last 100m walk to work. But… it was not going to be a usual day.
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Liné: Commercial banking is easy – finally

Monthly billing can be a nightmare – just ask any business owner or financial manager. Payments add up quickly to several hundred transactions.
Read More

Thokozani: No more ‘Send Money’ hassles

Thokozani Zuma, an innovation junkie who loves testing new and exciting tech, grabbed the opportunity to apply for a special invite to join Bank Zero during its Beta testing phase.
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Lemon+Lime: Saves thousands after switching to Bank Zero

Despite doing 100-fold more transactions through Bank Zero over eight months than through its other big bank account, Lemon+Lime deli paid only R112 in Bank Zero fees – compared to R8,936 at the big bank.
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Willem: Special card patent protection

Willem Roux, who joined Bank Zero in August 2021, has a great story that shows how Bank Zero’s unique patent technology for its cards protects the bank’s customers.
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Dee: Tracking down criminals

Dee, a popular real estate agent, was about to take an interested couple through her show house when everything suddenly turned into a horror show.
Read More

Our customer reviews

4.7 Rating
Louis La Grange
The onboarding was very efficient and quick. The app overall is very impressive in term of functionality, security, and ease of use. I haven't had many occurrences where the app gave an error or was unclear in terms use. One main point of improvement would be UI/UX. Aesthetically there is room for improvement. It's not bad by any means, just a bit dated in my opinion (for example the icons) * One suggestion I do have for additional functionality would be "1 tap". Like 1 cash, but for card tap.
Jayden
I'm just gonna give it a full five stars. The interface is user friendly. The app is safe, I love waking up knowing no money has gone missing over some scam. Whilst tedious having to verify every purchase I make, I'd rather be safe than sorry. Now the support team, the support team is fantastic, always helpful and always get stuff done. They don't fight back or beat around the bush and makes excuses, they just get it done. I love this app and I love the service and how safe it is.
Mantsika Matooane
Excellent banking and payments with zero fees. Card accepted worldwide. Signup may require a few tries to get the selfie capture. Don't stop. It is worth it. But the main reason I recommend BankZero is for the ‘friend’ feature for joint financials: I have a second account (free) for family payments (mostly medical). No more questions about spend. No overdraft, so you have to monitor balance (app sends daily statement). So, the only fees I had were when I tried to spend money I don't have! 15 people found this review helpful
Sean Van der Merwe
I like the app. Yes, the UI is lacking, but that can be improved. I had no issues with the account creation process and everything seems to be running smoothly. I would like to see more options an such in the app, but it's a brand new service. I'm sure the devs will work to improve the app. At least all the current functions works perfectly.
Johan Steyn
Can't complain really. Good app, easy to use. Only downside for me, is the fact that there is no immediate payment options and for some reason if I switch the pin required to tap for small amounts my card wont tap at all, simply declines. Other than that good bank and app! Even lets you know via pop up authorization screen for purchases made online, so money won't just disappear without being authorized first
Salem
Even better and cheaper than Capitec! 2 years on: Love this bank/app! Zero/low fee banking: friends on BZ can can quickly send each other small amounts without being penalised - all local transfers instant and free! Better interest rates too as they're a mutual bank! Zero/Low fees and relational banking makes it perfect for individuals, families and small businesses! I earn forex with no bank fees, got no need for other banks. Note it's 100% app-based - no branch. Sign up is via app.
Paul H
Great customer service which has been far superior to the traditional banks. Four stars for the app which is not always intuitive (more labelling could help?). I like not having to navigate through endless tiles or menus. It would be nice to have a choice in how the exported transaction data is formatted. Still better than some traditional banks' apps.
Magnus Barrett
Good day, I opened my account with Bank Zero yesterday, simply because I required a Bank Account and for the added convenience of having my own personalized Debit Card delivered to me, instead of having to go from kiosk to kiosk (only 4 kiosks total in my City) to replace my expired Debit Card from a rival bank... The kiosks are always out of order, have no cards in them or both. So this will be a test run on the resilience of Bank Zero. So far, opening an account, is seamless, quick and easy.
Nicolene Louw
Best bank, especially now that instant payments are available. Great security and support, there was fraudulent activity attempted on my card which couldn't be completed due to the 2 step verification. And I received support even on a sunday, they kept me updated with every step. Super bank!
Andre Lenoir
Very good bank and easy to use. And the customer service is great and ready to help. The fees are cheaper than my previous Banks. Highly recommend. Keep up the great service and work.
4.0 Rating

Why choose Bank Zero

Zero Card Fraud

No skimming, no online fraud
Unique-in-world patent protects you from losing any money to card data theft, card skimming or fraudulent eCommerce transactions.

We ensure ALL online card transactions are approved by you: if not a 3DS transaction, you tell us which merchants to auto - approve on your behalf using "card subscriptions"

Zero Debit Order Surprises

Always receive alerts beforehand
For NEW debit orders, we warn you with a red task on your App. Reject if you don’t recognise it, and it won’t even hit your account.

For EXISTING debit orders, we always warn you just before it runs, so that you manage your cash flow.

Pay Immediately

Lowest cost above R3000
Pay only R6.50 for any amount. (Unfortunately, if the amount is above R3000 to FNB/RMB, Standard or ABSA, we are forced to charge R12.)

Shared Accounts

Clubs, stokvels, households, couples, kids
Directly connect your account with family, friends, kids, staff, co-owners of businesses, club/stokvel members, or basically anyone you choose.

Share information, allow inward (but not outward) flows from all.

Easy Card Control

From ATM to Online transactions
Lock fully if temporarily lost, or lock only some parts like Online use or ATM use. You can even select what ATM use is allowed (once / always / never).

Choose if card is locked for taps below R500. Appoint someone to approve online card transactions on your behalf. Download to see everything you can do.

Easy Downloads

With a swipe and a tap, straight into Excel
Transaction history viewable on App can be downloaded straight into an Excel file for further transaction analysis. Swipe down to required date (as far back as you want), then tap the Excel icon to create the file on your phone.

Relationship Banking

Setup people to load payments for you
Assistants, staff members, family members… anyone helping with your banking admin… They load, you do final authorisation

Under 16?

Own profile, own card & own login
Once legal guardian kick-starts process by providing child’s proof of ID, child can then create own unique profile, with own personal access and with full control over own transactions.

Business & Commercial Banking

Large CIPC-registered companies or small sole traders. NPOs or partnerships. Same zero fees, same awesome features.

Payments control

Multi-level authorisations
Easily build and change your own authorisation chain within a few minutes. No need to call anyone – just drag the authoriser’s face tile to the required level.
Example

Card Machines

Seamlessly order and
link a POS
Zero monthly fees, only a small once-off upfront payment to iKhokha for the machine. Automatically link business account to machine, without needing to re-FICA.
Get started here

Pay Many

Multiple payments, one single screen
Business or individual, pay suppliers and staff from one single App screen. If list too long to comfortably type on phone, just upload csv file from computer. You can also export all existing recipients from App into a csv file.

Seamless Integration

Link to external accounting software.
Connect Xero directly to your Bank Zero account and automatically import your transactional data. No more manual data entries.
Xero Website

How to open your business account

Open your business banking profile in a few easy steps.

Start process

  • First open a personal profile in less than 5 mins so that we can quickly FICA you.
  • Log back into app to see banking canvas.
  • Tap ‘+’ on grey empty tile, then choose ‘Add business’ and select relevant type.

Provide proof that business exists

  • Depends on business type – CIPC certificate / DSD certificate / trust deed / etc. Sole traders provide nothing. (We’ll guide you on the screen.)

Add all owners plus those mandated to open / maintain this banking profile

  • One single, simple screen.
  • Owners = directors / shareholders / members / trustees / etc (depends on business type) and all ultimate beneficial owners (where applicable). 
  • If owner is an individual, provide cell number to uniquely link them to the business.
  • By law, all owners must be FICAed, so ask them to open personal profiles – they don’t have to subsequently bank with us. (Or mark them as ‘foreigner’.)
  • If owner is a business, give registration / trust / etc number.
  • If want to create authorisation chain now, go ahead.  Or do it later.

To make it easy, we auto-populate all necessary declarations
…and email to you – just add a last info we don’t yet have, then sign:

  • Resolution to appoint mandated officials.
  • Ownership / control structure showing all shareholders and ultimate beneficial owners.
  • Watch out for messages to re-submit documentation.