Company Information

Get to know Bank Zero

Co-founded by former FNB CEO Michael Jordaan and banking innovator Yatin Narsai, Bank Zero launched to the public in 2021. It operates as a mutual bank, meaning it is owned by its customers (depositors). The bank aims to challenge the traditional banking model in South Africa by leveraging modern technology to offer a full-suite of secure, low-to-no-fee banking services exclusively through its smartphone application, eliminating the need for physical branches. Its core mission is to provide an affordable, transparent, and customer-centric banking experience.

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Financial BankingPRIMARY
Financial Other Service

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Bank Zero

South Africa

Founded in

2018 (8 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

Warning

This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.