Bank Zero, a South African digital bank, has reaffirmed its commitment to providing zero bank fees amid the country’s cost-of-living crisis. The bank’s chair, Michael Jordaan, emphasized that the promise of zero bank fees is fundamental to the brand’s unique value proposition. Bank Zero offers free core banking and its single pricing structure applies to both individuals and businesses of all sizes. The bank, which launched in October 2021, has attracted a significant percentage of business accounts and aims to pass on cost savings to customers through its technology-driven approach.
