Discovery Bank

Still banking the old way?

Why Discovery Bank is the bank for your clients

Your clients can bank the way they've always banked — or they can bank with Discovery Bank: we do banking differently, rewarding clients for managing their money well. With innovative features and benefits, we're a shared-value bank designed to share the value that your clients create by managing their money well, back with them through unprecedented rewards. We do this through Vitality Money. The better your clients do, the higher their Vitality Money status and the better their rewards.

Accounts and credit that reward

Whether they choose a day-to-day transaction account, a credit card that does it all, or get the power of both with a full banking suite, they'll look forward to the rewards they deserve for managing their money well.

Digital banking in the palm of their hands

Your clients can experience a truly digital, innovative and intuitive banking experience when joining Discovery Bank.

Get used to being rewarded with Discovery Bank

Get the credit card that rewards you for managing your money well:

  • ✓ Up to 75% off flights
  • ✓ Up to 50% back on HealthyCare
  • ✓ Up to 75% back on HealthyFood
  • ✓ Up to 15% off with Discovery Miles

Seven great reasons to join Discovery Bank

Discounted travel and exclusive experiences

  • ✓Up to 75% off local and international flights (Vitality Travel, booked via Discovery Bank app)
  • ✓Up to 25% off accommodation and car hire
  • ✓Priority Fast Track and pre-flight luxury at The Lounge

Dynamic lifestyle rewards

  • ✓Up to 75% back on healthy groceries
  • ✓Up to 50% back on personal care and baby essentials
  • ✓Up to 20% back on Uber and fuel

Enhanced Discovery Miles

  • ✓Up to 30% discount when spending Discovery Miles at 40+ online and in-store partners
  • ✓Up to 15% off airtime, data, prepaid electricity, and gaming and entertainment vouchers via the app

Personalised Vitality Active Rewards

  • ✓Earn thousands of Discovery Miles every week
  • ✓Instant rewards and personalised gameboards

Cutting-edge digital features

  • ✓Seamless, real-time banking in the Discovery Bank app
  • ✓One of the highest-rated banking apps for security and convenience

Vitality Money Financial Analyser

  • ✓Personal insights into income, savings and spending habits

Discounts on Discovery Life policies

  • ✓Up to 20% off Discovery Life policies
  • ✓Up to 7.5% back in Discovery Miles on Bank Integrated Discovery Life plan premiums when paid by debit order from a qualifying account each month

Value of Discovery Bank as an integrator

Discovery Bank connects with Discovery Life, Invest and Vitality to unlock benefits across your clients' ecosystem.

Life

  • ✓Upfront and ongoing discounts of up to 15% on Discovery Life premiums
  • ✓Up to 46% additional base life cover through Bank Vitality Fund

Invest

  • ✓Up to R5 million in secured credit on the back of investments
  • ✓Up to 15% monthly contribution boost on recurring Retirement Annuities and Discovery Retirement Optimisers

Vitality

  • ✓Access to Vitality Travel booking platform, exclusive to Discovery Bank
  • ✓Up to 75% off local and international flights (including Airlink, FlySafair, LIFT)
  • ✓Up to 20% back on fuel and Uber in addition to Vitality Drive rewards
  • ✓Up to 75% back on HealthyFood; up to 50% back on HealthyCare
  • ✓Up to 75% off fitness devices and Nike performance gear; up to 100% back on gym
  • ✓Fully funded Apple Watch; cash back on a new iPhone

Why Choose Discovery Bank

Banking that works for you — earn rewards, pay less fees, and build wealth through smart money management with Vitality Money integration.

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Up to 75% off flights (Vitality Travel); up to 25% off accommodation and car hire

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Up to 75% back on HealthyFood; up to 50% back on HealthyCare and baby essentials

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Up to 20% back on Uber and fuel; up to 15% off with Discovery Miles

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Lower fees with better money management; Diamond status can unlock no monthly account fee

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Seamless integration with Discovery Life, Invest and Vitality

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Vitality Money Financial Analyser for income, savings and spending insights

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Up to 20% off Discovery Life policies; up to 7.5% back in Discovery Miles on integrated Life premiums

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Cutting-edge digital banking app — one of the highest-rated banking apps

Vitality Money — Get rewarded for smart money management

Vitality Money tracks your financial behaviour and rewards you with status levels that unlock incredible benefits.

How Vitality Money works

Earn Vitality Money points by managing your finances responsibly: staying within your budget, paying bills on time, using credit wisely, and growing your savings. Your points determine your status level, and higher status means bigger rewards.

Status progression

Blue → Bronze → Silver → Gold → Diamond levels unlock increasing rewards

Up to 75% back on HealthyFood

Earn cash back on healthy groceries; up to 50% on HealthyCare and baby essentials

Up to 75% off flights

Vitality Travel via Discovery Bank app; Priority Fast Track and The Lounge

Lower fees at higher status

Fees can be reduced at higher Vitality Money status; Diamond may qualify for no monthly account fee

Lower interest rates

Better credit card rates as your Vitality Money status improves

Discovery Miles

Up to 30% discount at 40+ retail partners; up to 15% off airtime, data, prepaid electricity

Discovery Bank accounts

Choose the account that fits your lifestyle and financial goals.

Everyday Account

Monthly fee from R49
Fees can be reduced at higher Vitality Money status

Daily banking with cash back rewards on purchases

✓Unlimited transactions
✓Debit card with contactless payments
✓Cash back on everyday purchases
✓Budgeting tools and insights
✓Free inter-account transfers
Ideal for: Daily banking and cashless payments
Most Popular

Credit Card

Annual fee from R120
Can be reduced at Diamond status

Smart credit with rewards, lower interest rates, and fraud protection

✓Up to 55 days interest-free
✓Lower rates with Vitality Money
✓Travel and purchase insurance
✓Real-time spending notifications
✓Chip, PIN and contactless enabled
Ideal for: Credit purchases with rewards

Savings & Investments

Competitive
interest rates

Grow your wealth with flexible savings accounts and investment options

✓Notice and fixed deposit options
✓Tax-free savings accounts
✓Investment portfolios available
✓Higher rates at better Vitality status
✓Goal-based savings tools
Ideal for: Building wealth over time

Key Cashback Partners & Benefits

Discovery Bank, in partnership with Vitality, offers up to 75% back in Discovery Miles (a currency more valuable than cash) on essentials like HealthyFood (Woolworths, Checkers), HealthyCare (Clicks, Dis-Chem), and fuel (Engen). Key partners include Takealot, Uber, Nando's, and Dis-Chem, with rewards accessible through the Discovery app's Vitality Mall.

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HealthyFood: Up to 75% back in Discovery Miles at Woolworths and Checkers.

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HealthyCare & Baby: Up to 50% back at Clicks and Dis-Chem.

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Fuel & Travel: Up to 50% back at Engen and up to 25% on Uber.

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Lifestyle & Shopping: Coricraft, Dial-a-Bed, Travelstart, Sportsmans Warehouse, and Outdoor Warehouse.

How it Works

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Rewards Currency: Cashback is paid in Discovery Miles, which can be used to pay for items in-store or online, or converted to cash.

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Multiplier: Having a qualifying Discovery Bank account with Vitality Money increases the percentage of cash back earned.

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#RewardsWednesday: Additional savings of up to 50% on selected items in the Vitality Mall.

Frequently asked questions

You earn Vitality Money points by demonstrating responsible financial behavior: staying within your budget, paying bills on time, maintaining low credit utilization, building savings, and making regular deposits. The system tracks your financial habits and rewards positive behavior with points that determine your status level.
Discovery Bank has no minimum balance requirement for the Everyday Account. You can open an account and maintain any balance without penalty fees. However, maintaining higher balances and regular positive cash flow helps you achieve better Vitality Money status and unlock more rewards.
Absolutely! Switching your salary to Discovery Bank is straightforward. We'll provide you with your new banking details to give to your employer. Having your salary paid into your Discovery Bank account helps you achieve higher Vitality Money status and maximize rewards. We can help facilitate the entire switching process.
Yes, Discovery Bank is a registered bank with the South African Reserve Bank and adheres to all banking regulations. Your deposits are protected under South African banking legislation. Discovery Bank also maintains comprehensive insurance and follows strict security protocols to protect your money and information.
No, you don't need other Discovery products to open a Discovery Bank account and benefit from Vitality Money. However, having multiple Discovery products creates powerful synergies—your health activities, safe driving, and smart spending all contribute to better rewards across all your Discovery products. Integration amplifies the benefits significantly.
Reaching Diamond Vitality Money status depends on your financial behavior and discipline. With consistent positive habits—staying within budget, paying on time, keeping credit utilization low, and building savings—many clients reach Gold within 3-6 months and Diamond within 6-12 months. We provide guidance and tools to help you get there faster.
Discovery Bank partners with hundreds of retailers including Woolworths (up to 20%), Pick n Pay (up to 15%), Checkers (up to 10%), Clicks, Dis-Chem, Takealot, Uber, selected restaurants, fuel stations, and many more. Cash back percentages vary by Vitality Money status and specific promotions. The partner network continuously expands with new retailers added regularly.
Yes, you can maintain accounts at other banks alongside your Discovery Bank account. Many clients choose to transition gradually, starting with Discovery Bank as a secondary account before making it their primary bank once they're comfortable with the platform and see the rewards accumulating. There's no pressure to close other accounts immediately.

Ready to experience banking that rewards you?

Open a Discovery Bank account today and start earning cash back on everyday purchases while paying lower fees. Contact me for more information.