Based on recent customer reviews, Discovery Bank faces significant criticism across nearly every service dimension. Customers describe persistent struggles with account closures, frozen accounts, unresolved fraud cases, and unresponsive complaint handling. Digital banking failures, app lockouts, and security concerns dominate negative feedback. While occasional praise emerges for individual staff members, systemic issues with communication, follow-through, and resolution timelines suggest deep operational problems undermining the bank's premium positioning.
Replied to 90% of negative reviews
Reply time on negative reviews: 7h 12m
TrustIndex
3.2
Ranking
#4
in Banking
Reply Time
6h 57m
NPS Score
-78
Recommended: Unlikely
Replied to 90% of negative reviews
Reply time on negative reviews: 7h 12m
Jun '25 - May '26
Based on recent customer reviews, Discovery Bank faces significant criticism across nearly every service dimension. Customers describe persistent struggles with account closures, frozen accounts, unresolved fraud cases, and unresponsive complaint handling. Digital banking failures, app lockouts, and security concerns dominate negative feedback. While occasional praise emerges for individual staff members, systemic issues with communication, follow-through, and resolution timelines suggest deep operational problems undermining the bank's premium positioning.
The most common complaint about Discovery Bank, based on Hellopeter's AI analysis of recent customer reviews, is Account Access & Management. Account closure requests routinely ignored for months while fees accumulate. FICA verification creates endless loops. Accounts frozen without explanation, leaving customers locked out of funds for weeks. Settlement letters delayed and balances inexplicably grow despite payments.
Used this business recently? Share your experience to help others decide.
Used this business recently? Share your experience to help others decide.
Share Your Experience1 reviews | Active since Jan 2020
Terrible, terrible service. Been approved dor a credit card, but needs to accepts the offer on the app. Been unable to access the app for weeks. Abaolutely no resolve from Discovery Bank. Just hearing ' it's been eacalated', but still can not access the app or log in!!
1 reviews | Active since Jan 2020
Terrible, terrible service. Been approved dor a credit card, but needs to accepts the offer on the app. Been unable to access the app for weeks. Abaolutely no resolve from Discovery Bank. Just hearing ' it's been eacalated', but still can not access the app or log in!!
1 reviews | Active since Jan 2020
I opened a fixed deposit account 3 months ago and it matured yesterday, but there is no payout even though I already set my payout instructions months ago. I called twice without any proper feedback, only escalations for a matter that only requires a release of funds. Mind you, I set up that account specifically for that time period because I already had financial responsibilities set out for today. I’ve been banking with them for over 4 years now with excellent service but I must say, it’s quite disappointing to the point whereby I’m thinking of switching banks because this whole thing just scattered so many plans and obligations I have. No proper feedback, no timeline, no reason as to why funds aren’t released! 2 escalations, 2 complaints, nothing still!
1 reviews | Active since Jan 2020
I opened a fixed deposit account 3 months ago and it matured yesterday, but there is no payout even though I already set my payout instructions months ago. I called twice without any proper feedback, only escalations for a matter that only requires a release of funds. Mind you, I set up that account specifically for that time period because I already had financial responsibilities set out for today. I’ve been banking with them for over 4 years now with excellent service but I must say, it’s quite disappointing to the point whereby I’m thinking of switching banks because this whole thing just scattered so many plans and obligations I have. No proper feedback, no timeline, no reason as to why funds aren’t released! 2 escalations, 2 complaints, nothing still!
1 reviews | Active since Jan 2020
Two emails, several sms's and four calls from Discovery Bank. While I talked to an agent at 8.30am, they continue to call and harrass me, then hang up the phone. I tried calling back but again they just cut me off. If you arent going to speak like a decent civil human being stop harrassing me !! Honestly. I have work to do. These are constantly interrupting my work flow and clients.
1 reviews | Active since Jan 2020
Two emails, several sms's and four calls from Discovery Bank. While I talked to an agent at 8.30am, they continue to call and harrass me, then hang up the phone. I tried calling back but again they just cut me off. If you arent going to speak like a decent civil human being stop harrassing me !! Honestly. I have work to do. These are constantly interrupting my work flow and clients.
1 reviews | Active since Jan 2020
I opened a Forex USD account with purpose to receive payments in USD as this is how it was advertised to me. I was, however not able to received the payment in USD as it was automatically converted in Rand and deposited into another account, making the account useless. Anybody opening a Forex account with them should be aware of this and would be best to use other banks for this purpose.
1 reviews | Active since Jan 2020
I opened a Forex USD account with purpose to receive payments in USD as this is how it was advertised to me. I was, however not able to received the payment in USD as it was automatically converted in Rand and deposited into another account, making the account useless. Anybody opening a Forex account with them should be aware of this and would be best to use other banks for this purpose.
1 reviews | Active since Jan 2020
It's been over a week now that I can't access my account , it keeps on saying "for my own safety ,the account is locked" I've tried calling then so many times but they have not solved this for me , its a real inconvenience really. I wouldn't recommend Discovery bank on anyone .
1 reviews | Active since Jan 2020
It's been over a week now that I can't access my account , it keeps on saying "for my own safety ,the account is locked" I've tried calling then so many times but they have not solved this for me , its a real inconvenience really. I wouldn't recommend Discovery bank on anyone .
1 reviews | Active since Jan 2020
On 21 January 2026, I settled the outstanding balance on my account. At that time, I explicitly requested for the account to be closed. However, despite this request, the account was not closed, and Discovery have continued to incur monthly fees, even though there has been no activity on the account since 2022. Discovery Bank Ignored Closure Request – R417.24 in Disputed Fees Accumulated included interest of R64.
1 reviews | Active since Jan 2020
On 21 January 2026, I settled the outstanding balance on my account. At that time, I explicitly requested for the account to be closed. However, despite this request, the account was not closed, and Discovery have continued to incur monthly fees, even though there has been no activity on the account since 2022. Discovery Bank Ignored Closure Request – R417.24 in Disputed Fees Accumulated included interest of R64.
1 reviews | Active since Jan 2020
Experience with Discovery bank and Insure has been an absolute nightmare. Waste of time, frustrating, passed down from agent to agent, terrible communication between agents and institutions, no follow through with what is said on phone calls, adds additional stress when having just signed up to Discovery Insurance... A few years ago, I attempted to sign up for Discovery Bank and never completed the process. Was unaware that someone on their side had created a profile, even though I never actually opened a bank account or signed up online. They got me email address wrong and I have since changed my number. I cannot log in or register because my ID number is tied to that incorrect profile. I am completely locked out. I’ve been passed from one agent to another between Discovery Bank and Insurance, with multiple case numbers and still no resolution. I’ve wasted hours of my workday trying to fix a problem that was caused entirely by Discovery. To make things worse, I keep receiving automated emails telling me to complete my vehicle inspection, something I physically cannot do without access to the app. Even after explaining this repeatedly, I receive useless, copy-paste responses that completely ignore the issue. It is honestly shocking that a company of this size cannot resolve something as simple as fixing or deleting a profile. The lack of communication and accountability is unacceptable. This has completely destroyed my confidence in Discovery. If they can’t handle something this basic, I have serious concerns about what would happen if I ever needed to claim.
1 reviews | Active since Jan 2020
Experience with Discovery bank and Insure has been an absolute nightmare. Waste of time, frustrating, passed down from agent to agent, terrible communication between agents and institutions, no follow through with what is said on phone calls, adds additional stress when having just signed up to Discovery Insurance... A few years ago, I attempted to sign up for Discovery Bank and never completed the process. Was unaware that someone on their side had created a profile, even though I never actually opened a bank account or signed up online. They got me email address wrong and I have since changed my number. I cannot log in or register because my ID number is tied to that incorrect profile. I am completely locked out. I’ve been passed from one agent to another between Discovery Bank and Insurance, with multiple case numbers and still no resolution. I’ve wasted hours of my workday trying to fix a problem that was caused entirely by Discovery. To make things worse, I keep receiving automated emails telling me to complete my vehicle inspection, something I physically cannot do without access to the app. Even after explaining this repeatedly, I receive useless, copy-paste responses that completely ignore the issue. It is honestly shocking that a company of this size cannot resolve something as simple as fixing or deleting a profile. The lack of communication and accountability is unacceptable. This has completely destroyed my confidence in Discovery. If they can’t handle something this basic, I have serious concerns about what would happen if I ever needed to claim.
Discovery Bank scores 1.2 out of 5 on Hellopeter's AI analysis of service quality in Banking, compared to the Banking industry average of 1.4. Their strongest theme is Branch Experience (1.5); their weakest is Customer Service (1). The top AI-rated Banking business on Hellopeter is GoTyme Bank | Formerly TymeBank (2.6). How is the AI Score calculated? →
Discovery Bank has a TrustIndex of 3.2 out of 10 on Hellopeter, based on 1,086 reviews in the last 12 months. They reply to 90% of negative reviews, typically within 7 hours 12 min. Hellopeter has tracked Discovery Bank across 7,884 total reviews. How is the TrustIndex calculated? →