One million strong: Discovery Bank hits a major milestone!
August 2024
One million strong: Discovery Bank hits a major milestone!
We've got some incredible news to share - Discovery Bank has officially crossed the one million client mark, placing a digital Discovery Bank branch in the palm of each of our one million clients' hands.
Reaching one million clients
From our launch less than five years ago, the support from our clients has encouraged and inspired us to create an exceptional banking experience. Achieving this milestone two years ahead of schedule is testament to this. Our mix of smart tech, data-driven insights, and our unique shared-value approach is something that is resonating with South Africans.
A record year of growth
This year has been packed with exciting new offerings:
Revolving Credit Facility
Get additional credit of R20,000 to R1 million with immediate access when you need it.
Plus, pay as little as 2.5% on the outstanding balance.
Home Loans
The first and only shared-value home loan, offering personalised interest rates, plus a further discount of up to 1% when managing your money well.
Home Partner Network
Furnish and decorate your home with up to 15% back on all purchases from Coricraft, Dial-a-bed, Nespresso, Patio Warehouse and Volpes.
Looking ahead
Our CEO, Hylton Kallner, puts it best: "Hitting one million clients is just the start. We're here to build the best bank in South Africa, and we're so excited to keep growing, innovating, and delivering even more value to our clients."
We're incredibly grateful for your support and trust - it's what drives us to keep pushing boundaries and setting new standards in banking. And we're just getting started.
Rewards are based on your engagement in Vitality programmes, Discovery products, and monthly qualifying card spend. Discovery Bank, Auth FSP. Limits, terms and conditions apply. Ðiscovery Miles are more valuable than cash on the Discovery and Discovery Bank apps, in-store and online with Discovery Vitality's partners.