Discovery Bank has launched share trading through the Discovery Bank app in partnership with EasyEquities.<\/p>\n
Discovery Bank clients can now open a new EasyEquities account or link an existing one through the Discovery Bank app and start trading, the group said.<\/p>\n
\u201cIn collaboration with EasyEquities, we\u2019ve been able to make the journey to investing in equities simple and frictionless. This is all part of our focus on promoting a positive long-term savings and investment culture across our client base,\u201d said Discovery Bank CEO Hylton Kallner.<\/p>\n
Discovery Bank clients can now buy, hold and sell shares on local and international stock exchanges and access a wide range of ETFs, ETNs, as well as cryptocurrency.<\/p>\n
The integration between Discovery Bank and EasyEquities is seamless, with clients being able to transfer funds between their Discovery Bank accounts and their EasyEquities ZAR account in real-time, at no cost and with no lock-up periods, the group said<\/p>\n
Discovery Bank\u2019s shared-value banking model is enabled through Vitality Money, an AI-Powered programme on the Discovery Bank app which gives clients an understanding of behaviours that influence their financial wellbeing and how to manage their money.<\/p>\n
The better clients do, the higher their Vitality Money status and the greater the value they receive, the bank said.<\/p>\n
The EasyEquities investment portfolios integrate directly into Discovery Bank\u2019s Vitality Money programme, automatically counting towards the client\u2019s Vitality Money status.<\/p>\n
“The introduction of share trading with EasyEquities is consistent with our focus on helping our clients manage their money well over the long-term \u2013 and they get rewarded immediately through the Vitality Money program for doing so,” said Kallner.<\/p>\n
Discovery Bank said its trading platform offers unique features, including:<\/p>\n