One Zero Bank Offers Investors Commission-Free Trading
Translated & summarized from Ice by baba
One Zero, Israel's first digital bank, is eliminating trading commissions, custody fees, and foreign currency fees for investors through a new campaign fronted by Gilad Kahana. The initiative aims to reduce the high costs typically associated with stock market operations in Israel. New customers opening a One+ account by December 31st with a minimum balance of NIS 50,000 will benefit from the commission-free trading and receive a NIS 1,000 gift voucher.
The story in 5 lines · by baba
- One Zero Bank eliminates purchase, sale, and custody commissions for investors.
- The digital bank's campaign features Gilad Kahana, lead singer of The Giraffes.
- New One+ account holders benefit from commission-free trading until December 31st.
- A minimum balance of NIS 50,000 is required to qualify for the offer.
- New customers also receive a NIS 1,000 gift voucher for BuyMe.
One Zero, Israel's first digital bank, has launched a new campaign featuring Gilad Kahana, spokesperson for the brand and lead singer of the band 'The Giraffes'. The campaign highlights a significant change for investors, aiming to simplify and reduce the costs associated with stock market trading.
Kahana explains that traditional banks and investment houses in Israel often charge a wide array of fees, including foreign currency commissions, custody fees, and management fees, which he states "simply shrink" an investor's entire portfolio. To counter this, One Zero is introducing an alternative that eliminates purchase and sale commissions, custody fees, and foreign currency commissions for its clients.
The bank's advanced trading system offers decision-support tools such as top-held stock lists, AI-based recommendations, and automatic investment plans. This offer is available to new customers who open a One+ account by December 31st, or until the benefit's stock runs out, and is contingent on maintaining a balance of at least NIS 50,000, as detailed in the terms and conditions. Customers are allowed up to ten securities transactions per month without charge, excluding third-party expenses.
The advertising campaign, created by the Parsman-Baruch agency and produced by Og Productions, uses Kahana's charisma and a clever creative concept to make financial information accessible. The campaign specifically addresses the common investor concern about high fees, emphasizing how much of their investment returns they can retain by choosing One Zero. New customers also receive a NIS 1,000 gift voucher for BuyMe.
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