Live more and bank less with simple and fast banking from your cellphone; cellphone banking is quick, convenient and available 24/7.
And what’s best of all is there are no monthly service fees you only pay for network charges. You can do your day-to-day banking on any cellphone, simply by selecting options from a menu.
All you need to access cellphone banking is your card number and the customer-selected PIN you use for online banking then call *120*2345# to get started.
With this service, you can buy airtime, data or prepaid for yourself and anyone else. Make payments to anyone who banks with Standard Bank using their cellphone number. Check your account balances and send Instant Money to anyone with a cellphone in South Africa.
Also, transfer money between your Standard Bank accounts, pay your beneficiaries, make once-off payments and play LOTTO and PowerBall.
And did you also know that you can get a standard bank loan application via cell phone banking. The loan is an Overdraft, a credit facility in your current account that helps you with money when you most need it.
For qualifying you’ll need to have a Standard Bank current account, be a South African citizen or permanent residence, be 21 years old or older, have a good credit record and risk profile and have a gross salary of R3000 or more per month.
You can apply for this loan using cellphone banking or online, going to your nearest branch or contacting the call centre.
You can arrange beforehand the limit on your account and then use it whenever you need it because the total amount is always available to you. You only pay interest on the portion of your overdraft.
No monthly repayments. You’ll have access to up to R500 without costs of an initial fee and monthly service fee. So you can really us it as a buffer for emergencies. You have the chance to modify your limit, which means decrease or increase it according to your monthly needs. And you’ve an option of protection insurance from death, disability or dread disease.
Standard Bank offers different loans to suit your short and long term financial responsibilities. It allows you to repay the funds with flexible terms and competitive interest rates. These are some of the other loan options available to take into account: Home Loans, Personal Loans and Vehicle and Assets Finance.