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.

Founded in

South Africa