Discovery Bank customers can now participate in share trading through the banking app through its new partnership with EasyEquities. Existing bank customers can either link an existing EasyEquities account or create a new one via the app, allowing them to invest in both local and international companies.
Users can buy, hold, and sell shares from local and international stock exchanges, including accessing a ETFs, ENs, and cryptocurrencies. The company says the integration between Discovery Bank and EasyEquities is seamless and clients will be able to transfer funds between their accounts in real-time, at no cost, and no lock-up periods.
Hylton Kallner, CEO of Discovery Bank says the platform is transparent, easy-to-use and makes equity trading cost-effective and intuitive for all kinds of investors, from first-timers all the way through to seasoned traders. “In collaboration with EasyEquities we’ve 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.”
The company adds that its shared value banking model is designed to help clients manage their money well, and EasyEquities shares the Bank’s deep conviction that saving and investing is key to helping South Africans build wealth, empower themselves and their communities, and ultimately strengthen our economy.
The share-value banking model is enabled through Vitality Money, its 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. The better clients do, the higher their Vitality Money status and the greater the value they receive, it explains.
The EasyEquities investment portfolios integrate directly into Discovery Bank’s Vitality Money programme, automatically counting towards the client’s Vitality Money status.
“The introduction of share trading with EasyEquities is consistent with our focus on helping our clients manage their money well over the long-term – and they get rewarded immediately through the Vitality Money program for doing so,” said Kallner.
How to: Link Discovery Bank to EasyEquities
Step 1: Log into your Discovery Bank account and go to the Accounts tab
Step 2: Tap the three dots on the top right and select ‘add account’
Step 3: Select EasyEquities from the products listed
Step 4: Agree to data sharing, and you will be taken to the EasyEquities login screen. Either create a new account or link your existing one. It will take a few seconds, just be patient even if you see a blank screen. You will get a confirmation that it is successfully linked.
You can now access your portfolio on the accounts tab, alongside other accounts in your Discovery Bank portfolio. This includes transaction accounts, credit cards, forex, Discovery Miles, Vitality Savings, Investments, and your medical aid.
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