Discovery Bank has launched share trading through the Discovery Bank app in partnership with EasyEquities.

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.

“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,” said Discovery Bank CEO Hylton Kallner.

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.

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

Discovery Bank’s 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.

The better clients do, the higher their Vitality Money status and the greater the value they receive, the bank said.

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.

Discovery Bank said its trading platform offers unique features, including:

  • Clients can open an EasyEquities account in just a few steps without submitting any documents. Client data is already pre-populated, so it takes only a few minutes from start to finish.
  • Clients can transfer funds from any of their Discovery Bank transaction, credit card, or demand savings accounts to their EasyEquities ZAR account in real-time. The same applies to withdrawals.
  • Clients can view their EasyEquities portfolio with all their other Discovery products in the banking app. They can also seamlessly buy and sell local and international shares in just a few taps.
  • Clients pay no transfer fees between their Discovery Bank account and their EasyEquities ZAR account, no minimum investment amounts, and no monthly trading account fees.