Digital banking group Bank Zero has updated its fees for 2024, keeping its transactions in line with its ‘zero fee’ promise.<\/p>\n\n\n\n
The group’s fees are largely unchanged, with the list of zero-rated transactions remaining in place.<\/p>\n\n\n\n
There have been small changes with other fees, however.<\/p>\n\n\n\n
Michael Jordaan, chair of Bank Zero, said that the bank has managed to keep its zero-fee promise for four years running.<\/p>\n\n\n\n
“Some believed this was a gimmick, but in fact it\u2019s fundamental to who we are. There\u2019s one pricing structure for all our customers, and those fees that are zero will stay zero,” he said.<\/p>\n\n\n\n
Bank Zero offers free core banking, with only extras being charged. It has a single pricing structure that applies to both individuals and businesses of all sizes.<\/p>\n\n\n\n
The bank uses biometric technology to protect customer accounts, while patented card technology prevents card skimming and online card fraud. <\/p>\n\n\n\n
Since it launched in Oct 2021 , Bank Zero has attracted a disproportionately large percentage of business accounts, a trend that has been accelerated by the introduction of its full commercial banking offer earlier this year. <\/p>\n\n\n\n
The new fee schedule can be seen below:<\/p>\n\n\n\n