Digital Bank ONE ZERO Offers 1,000 Shekels in Vouchers for Portfolio Transfers
Digital bank ONE ZERO is offering 1,000 shekels in BUYME vouchers to clients who hold or transfer a 50,000-shekel investment portfolio, eliminating traditional custody fees.
Digital bank ONE ZERO, led by CEO Eyal Gafni, has launched a promotional campaign offering 1,000 shekels in BUYME vouchers to customers who hold an asset portfolio worth 50,000 shekels or more. The incentive applies to portfolios transferred from traditional banks or newly built portfolios.
The promotion follows the introduction of a new portfolio-transfer feature, allowing retail investors to move existing portfolios from legacy institutions to ONE ZERO and avoid custody fees that range between 0.4% and 0.8% annually. For instance, a 200,000-shekel portfolio can incur up to 1,600 shekels per year in custody fees alone, regardless of trading activity.
Transfer Terms and Vouchers
Customers have a three-month window to transfer or build their portfolios. Eligibility is reviewed quarterly to verify that the portfolio maintains a minimum value of 50,000 shekels. Qualified clients receive 250 shekels in BUYME vouchers each quarter, totaling 1,000 shekels over a year.
ONE ZERO offers trading conditions that include a full waiver of management, custody, and handling fees, subject to a monthly 10,000-shekel account deposit and ten free buy or sell transactions per month. The bank also provides dedicated guidance from its securities trading team throughout the transfer process.
