Superior banking with the convenient features
The Discovery Bank Black Transaction Account with bundled fees is the perfect choice for you if you want to bank with the convenience of paying one monthly fee for a bundle of transactions.
This account has full transactional capabilities including the ability to set up third-party debit orders, make digital payments and accept salary deposits. You also get access to the only Real-Time Forex Accounts, available 24/7 on your banking app.
Engage with our Vitality Money programme and increase your Dynamic Interest Rates and earn boosted local flight rewards. Get faster security clearance at OR Tambo and Cape Town International Airports, plus you can relax in style with access to The Lounge in South Africa and over 1,200 airport lounges worldwide.
And that's only the beginning.
You'll receive 10 Discovery Miles for every R1 reward you earn back.
Earn base Discovery Miles on all qualifying credit card and multicurrency debit card purchases as you spend throughout the month. Plus, earn higher base Discovery Miles when you use a virtual card, depending on your Vitality Money status.
Earn thousands of Discovery Miles every week on the new,
personalised gameboard with Vitality Active Rewards
Your goals
Achieve your weekly Spend, Exercise or Drive goal to unlock Activity tiles of up to Ð1,000
Your products
Unlock the Discovery tile of up to Ð750 based on how many Discovery products you have
Your spend
Spend at our grocery, pharmacy and fuel partners to unlock the Partner Spend tiles of up to Ð1,000 for the chance to earn your largest weekly transactions back
Get up to 30% off when you spend your Discovery Miles:
With a Discovery Bank Black Transaction Account with bundled fees, you could get up to 15% off when you spend your Discovery Miles throughout the month:
Up to 15% off when you shop with your Discovery Miles at over 40 great online and in-store retail partners. Plus, this doubles to up to 30% off for 24 hours on Miles Ð-Day on the 15th of every month
Up to 15% off when you use your Discovery Miles to buy airtime, data, prepaid water, prepaid electricity or digital vouchers on the banking app
Up to 15% off when you spend them on a range of exciting rewards in the Vitality Mall
You can also:
Spend your Discovery Miles on flights, holiday accommodation and car hire
Exchange your Discovery Miles for cash
Or send them to your contacts with a Discovery Miles Account
Save more and pay less with Dynamic Interest Rates
As a Discovery Bank client, you can control your interest rates with your Vitality Money status through Dynamic Interest Rates. With a Discovery Bank Black Transaction Account with bundled fees, you can get:
Up to 1.6% interest on your positive balances in your everyday accounts.
Up to 6.75% interest on demand savings accounts.
Up to 7% less interest on your borrowing rate.
Access a world of unparalleled travel discounts in the most convenient way
Vitality Travel is the first-of-its-kind, one-stop travel booking platform in South Africa that you get exclusive access to with Discovery Bank.
Enjoy unprecedented discounts on a wide range of local and international flights, holiday accommodation, car hire and exciting travel experiences.
Travel benefits and services
- You can now book your discounted local and international flights in the Discovery Bank app - tap, tap, fly!
- Free multi-trip international travel insurance with flight tickets purchased using your Discovery Bank Black cards
- International cover for rental car collision damage
- The ability to make purchases and cash withdrawals worldwide, wherever Visa is accepted.
Up to 75%
off local flights
Get 10% to 75% off six one-way local flights with our partner airlines, plus an unlimited 10% off afterwards
Up to 35%
off international flights
Get 10% to 35% off two return regional or international bookings with our partner airlines, plus an unlimited 10% off afterwards
Up to 25%
off holiday accommodation
and car hire
Get 10% to 25% off unlimited local accommodation and car hire
Plus, use Discovery Miles to pay for thousands of non-discounted local and international listings on Vitality Travel through Booking.com
Enjoy access to The Lounge, a partnership between Discovery Bank and SAA at OR Tambo, Cape Town, King Shaka and Chief Dawid Stuurman International Airports. Get up to 12 domestic departure and up to 4 international departure visits a year for you and your guests.*
You'll also receive six visits a year to access over 1,200 airport lounges worldwide with DragonPass.
Plus, get faster security clearance with Discovery Bank Priority Fast Track at OR Tambo and Cape Town domestic departures, and spend even more time enjoying The Lounge!
*If you have an average monthly spend of at least R22,500 per month, effective 1 January 2025. Otherwise you will receive complimentary access for 2 domestic visits and 1 international visit.
Improve your finances with Vitality Money
When you join Discovery Bank, we help you review your financial health based on five key financial behaviours and you get a Vitality Money status based on this. Your Vitality Money status gives you a good indication of how well you are managing your finances.
Not only that, but your Vitality Money status is also directly linked to what rewards you can earn. That's why we'll show you the steps to improve your status and give you access to tools like our Vitality Money Financial Analyser, which uses advanced analytics to give you intelligent insights and personalised alerts to help you become better with your money. As your Vitality Money status improves, so do your rewards.
More on Vitality Money
Get the only Real-Time Forex Accounts
You can quickly and easily open our Discovery Bank Forex Accounts, available in British Pounds, Euros and US Dollars, 24/7 on the Discovery Bank app.
Get real-time rates and immediately start saving and transacting in the foreign currency of your choice. Plus, you pay no fees when you transfer and convert between your foreign currency and Rand accounts, and we'll help you manage your foreign currency allowances too!
Add your free virtual card on the banking app and link it to your smart device for fast on-the-go payments while you travel outside South Africa or order a physical debit card for cash withdrawals abroad.
Open. Convert. Save. Pay. In seconds.
What features to expect with your Discovery Bank Black Transaction Account with bundled fees
An advanced and intuitive banking app
- Add more or upgrade your accounts
- Manage your cards, PINs and limits
- Check your account balances
- Track and improve your dynamic lifestyle rewards
- View your Dynamic Interest Rates
- Transfer funds between accounts
- Manage and spend your Discovery Miles
- Make international payments in over 60 currencies
- Track foreign currency allowances
- Set up beneficiaries
- Set up debit orders
- View and export transaction history
- Use Smart Search to find transactions
- Save important receipts and documents with Smart Vault
- Make online payments and EFTs
- Get immediate in-app help from a Discovery Banker with Live Assist
- And much more!
Comprehensive banking benefits
- Unlimited free Discovery Bank virtual cards to start using immediately after joining
- Save and transact in US Dollars, British Pounds and Euros with your Real-Time Forex Accounts
- Instantly settle medical co-payments at pharmacies like Clicks and Dis-Chem, hospitals and medical service providers with Health Pay
- Make on-the-go payments with Apple Pay, Fitbit Pay, Garmin Pay, Google Pay, Samsung Pay and SwatchPAY!
- Pay any of your contacts who are Discovery clients, using just their cellphone number
- Withdraw cash at a till point at Checkers, Pick n Pay, Shoprite and selected Spar stores
- Make deposits at Boxer, Checkers, Pick n Pay and Shoprite stores
- Get free transaction notifications and monthly account statements
- Choose from a range of unlimited, free savings account options, with personalised interest rates for large deposits
- Access a range of Vitality Money tools to help you manage and improve your financial health.
- 30 free real-time payments using Discovery Instant Pay or PayShap to other South African banks, available 24/7
- Automatic CODI deposit cover of up to R100,000 per depositor in case of a bank failure and its liquidation.
Enhanced security features
- Advanced facial-recognition technology when logging in to the banking app
- Discovery Bank Black cards use secure chip and PIN technology
- Your card can make fast and secure tap-and-go payments
- Secure tap-and-go payments with smart devices that support Apple Pay, Fitbit Pay, Garmin Pay, Google Pay, Samsung Pay and SwatchPAY!
- Additional security with Verified by Visa and Visa Checkout for online purchases
- Greater shopping convenience and security when shopping online with Discovery Bank virtual cards.
A Discovery Miles Account
- View, track, manage and spend your Discovery Miles
- Generate vouchers for in-store payments
- Purchase airtime, data, prepaid water, prepaid electricity or digital vouchers
- Exchange your Discovery Miles for cash
- Send Discovery Miles to your contacts.
Banking fees for the Discovery Bank Black Transaction Account with bundled fees
You get all the features, benefits, and functionality of the Discovery Bank Black Transaction Account with bundled fees for a monthly fee of R350. This includes your monthly account fee, your Vitality Money premium, most transaction fees and more. For more details on your banking fees, please see the fees guide.
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.