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First digital bank launches

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  1. #61

    Join Date
    Mar 2008
    Posts
    992
    Quote Originally Posted by pin:
    ZA Bank has officially launched.

    https://bank.za.group/

    I got 4.5% interest time deposit for 3 months, max of HKD100k.
    only for 100k why bother....

  2. #62

    Join Date
    Aug 2009
    Posts
    2,711
    Quote Originally Posted by pin:
    What's the risk? Isn't this covered under the deposit protection scheme?
    good point they are indeed listed as the latest member now
    https://www.dps.org.hk/en/download/L...emeMembers.xls
    rkenia852 likes this.

  3. #63

    Join Date
    Dec 2013
    Location
    Hong Kong
    Posts
    12,323

    4.5% gain over 3 months compares well with my shares.

    Paxbritannia and rkenia852 like this.

  4. #64

    Join Date
    Aug 2006
    Posts
    7,517

    I think it is only app based. No website you can log into? I get the message that the app is incompatible with all my devices. I have an up to date Android phone.

    rkenia852 likes this.

  5. #65

    Join Date
    Feb 2019
    Location
    Pok Fu Lam
    Posts
    378
    Quote Originally Posted by drumbrake:
    I think it is only app based. No website you can log into? I get the message that the app is incompatible with all my devices. I have an up to date Android phone.
    perhaps the premise is buy a $5000 iPhone and then use our app to earn $1000 in interest income!

  6. #66

    Join Date
    Nov 2011
    Posts
    122

    Headline loan rates 1.81% (-10% with voucher)

    Reality- on offer - nothing great at 4.49% APR


  7. #67

    Join Date
    Aug 2013
    Location
    The World
    Posts
    1,948

    Setup my 4.5% time deposit just now. Very easy!

    rkenia852 likes this.

  8. #68

    Join Date
    Nov 2019
    Posts
    2,161
    "To access cash, money from the virtual bank can be transferred through the ZA Bank app to a traditional bank through the Faster Payment System".

    Is this the only way to take out money?

    Will they introduce ATM cards at a later date? What bank networks will these have access to?


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