2022

PRICING
(SUM)1
ACCOUNT

GET A HEAD START FOR SUCCESS

It’s never too early for your child to start exploring the world of money, managing it and how they can make it work for them.
The (sum)1 account is made for kids under 16 who want to pay for their own stuff and offers great features to give them a
sense of independence early.

We’re happy to let you know that we still won’t charge a monthly management fee for the (sum)1 account in 2022,
which means kids can learn about banking without the monthly cost. We’ve also updated and simplified some of the accounts
offerings so they can make the most of it.
PRICING HIGHLIGHTS

Up to R1 500 Up to R1 000
10 Free
Zero Free Free electronic debit
monthly fees for transactions per
on cash deposits on cash withdrawals
under 16 years old month
at ATM at ATM

Please note we will no longer transact on any cheque related transactions

WHAT YOU GET WITH A (SUM)1 ACCOUNT

INCLUDES UNLIMITED FREE

 REE Standard Bank

F 10 Free2 electronic debit
ATM cash withdrawals up transactions per month
Swipes at retail stores
to R1 000 including:

Free Standard Bank cash • Cash withdrawal at

deposits up to R1 500, Transfers to any Standard retail stores
Bank savings and investment
account • Cash withdrawals with
purchase at retail stores

SMS notifications1 with • Electronic inter-account

MyUpdates to keep track of transfers
what’s leaving and coming
into your account • Prepaid airtime purchases

• Electronic account
payments
Electronic balance enquiries
when you dial *120*2345#
Free bank card

Free for 1 cellphone number or email address. A fee of R10,50 will be charged for additional cellphone numbers or email addresses. SMS Notification for transactions below R100 will
1 

be charged R1 monthly.
2
Where 10 electronic transactions are exceeded, PAYT fees will apply.
 (SUM)1 ACCOUNT TRANSACTIONAL FEES

Pay-as-you transact fees are charged for transactions that are not included in the bundle fee or when the transactions
included in the bundle fee has been exceeded.

MONTHLY FEES
Monthly administration fee Free
Internet, cellphone and Banking App Free
Fee for 16 years and older R9,99

WITHDRAWALS ONLINE ATM BRANCH

Standard Bank - R8 per R1 000 or part thereof R80 + R2,25 per R100 or part thereof
Other bank - R10,50 per R1 000 or part thereof -
International - R3 per R100 or part thereof -
(min R70) + International transaction
fee of 2.75% of value
Coin withdrawal - - R80 + R5 per R100 or part thereof
Notes and coin withdrawal - - R80 + R2,25 per R100 (for notes) + R5
per R100 (for coins) or part thereof

DEPOSITS ONLINE ATM BRANCH

Cash - Free up to R1 500 thereafter R1 per R80 + R2,25 per R100 or part thereof
R100 or part thereof
Coin deposit - - R80 + R5 per R100 or part thereof
Notes and coin deposit - - R80 + R2,25 per R100 (for notes) + R5
per R100 (for coins) or part thereof

PAYMENTS ONLINE ATM BRANCH

Inter-account transfers Free Free R80
Account payments R1,20 R1,20 R80
Immediate payments below R10 - 0.3% of value. Min R326. Max R1 627
R2 000
Immediate payments R2 000 and R50 - 0.3% of value. Min R326. Max R1 627
above
Debit orders R1,20 - -
Stop orders (scheduled payments) Free - -
Stop order - amend, establish, Free - R25
cancel
 INSTANT MONEY ONLINE ATM BRANCH
Wallet R6 R6 -
Up to R500 R8,50 R8,50 -
R501 to R1 000 R11 R11 -
Above R1 000 R13 R13 -

CARD PURCHASES POINT OF SALE

Purchases Free
Cashback R1,40
Purchase with cashback R1,40
International purchases 2,75% of value
POS decline R8,50

PREPAIDS ONLINE ATM BRANCH

Airtime R0,50 R0,50 -
Airtime other banks - R10,20 -
Electricity R1,50 R1,50 -
Lotto R2,70 R2,70 -
Voucher purchase R2,50 - -

NOTIFICATIONS ONLINE ATM BRANCH

MyUpdates* Free - -
Email payment notification R1,10 - R20
SMS payment notification R1,35 - -
*Free for 1 cellphone number or email address. R10,50 for additional cellphone numbers/email addresses. SMS Notification for transaction
below R100 will be charged R1 per month.#

STATEMENT FEES ONLINE ATM BRANCH

Balance enquiry Free View Free R15
Print R1,70
Balance enquiry other bank - R9,50 -
Monthly statements: charged per Free R6,50 R40
30 day period*
eStatements greater than 1 year R10 - -

Monthly estatements R10 - -

Weekly estatements R30 - -
Daily estatements R50 - -
*For posted statements a fee of R40 is charged.
OTHER FEES ONLINE ATM BRANCH
Pin reset - Free R11
Card replacement - - R145
Proof of banking Free 1 Free per month then R5 1 Free per month then R20
Subsidy letter - - R22

UNSUCCESSFUL/ ONLINE ATM BRANCH

DISPUTED
TRANSACTION FEES
Standard Bank ATM decline - Free -
Other bank ATM decline - R7,50 -
Stop payments R2 - R70
Unpaid debit orders No charge for the first 4 thereafter - -
R147 in a rolling 12 month cycle
Unpaid stop orders Free - -
Future dated R65 - -
Disputed debit orders under 40 days R5 - R40
Disputed debit orders above 40 days - - R135

OVERDRAFT FEES
Monthly service fee - limits over R500 R69
Monthly service fee - no limit R69
Initiation fee R74,75 + 11.5% of limit. Max R1 207

EMBRACE THE BENEFITS OF SELF-SERVICE BANKING

When you need to manage your account or your money, let self-service banking help you do it quickly and conveniently,
wherever you are. Skip the queues and choose Online Banking, Cellphone Banking or the Banking App to view statements,
make payments, manage your card limits, buy airtime or data and much more.

Activate your self-service banking platform:

Visit Dial *120*2345# for Download our Banking App

onlinebanking.standardbank.co.za to cellphone banking
access online banking
 EXPLORE OTHER WAYS TO PAY

When you don’t have cash or card on hand or simply need to take extra precaution when paying for items, use any of our other
value-added products to pay online or instore quickly and easily.

SnapScan Tap to Pay™

An innovative app that lets you pay for goods with your
smartphone. Simply download SnapScan, link your Stay safe and use your Mastercard® contactless card
Standard Bank Card and pay in one easy and safe snap from Standard Bank to pay for items worth R500 or less
of the QR code. without swiping or entering your pin.

Masterpass® Instant Money™

The digital wallet that enables you to make online Receive, store, spend and send money from your
payments from one secure location. Masterpass works cellphone without the need for a bank account.
on your smartphone, laptop or desktop device.

Shyft EasyScan

EasyScan
Transfer funds overseas with Shyft – Standard For secure and convenient, cardless and cashless
Bank’s award-winning foreign exchange app which payments at the till, Standard Bank EasyScan is the
allows you to purchase, send and store USD, EUR, GBP answer to making safer payments straight from our
and AUD . With Shyft, you can also order a Mastercard
* ®
Banking App. Simply scan the EasyScan QR code
multicurrency card and create Mastercard® virtual at the till and your balance will immediately reflect
cards for international online shopping, all from your your payment.
Apple or Android mobile phone.

*
Within an individual’s Single Discretionary Allowance of R 1m per annum
 CONTACT US

General customer enquiries

South Africa: 0860 123 000 Dedicated Email: information@standardbank.co.za

International: +27 10 249 0423 Internet Banking: www.standardbank.co.za
Or visit your nearest branch Cellphone Banking: *120*2345#

UCount Rewards: 0860 UCOUNT (82 68 68)

enquiries@UCount.co.za

Lost or stolen cards Fraud

South Africa: 0800 020 600 South Africa: 0800 020 600
International: +27 10 249 0100 International: +27 10 249 0100

*Fees effective from the 1 January 2022 (Including VAT).

Standard Bank will never ask you for personal information over the phone or send you links that take you to a site
where you are required to capture your Internet Banking details. Stay safe & stay alert.

Disclaimer
Our products and services, and the terms under which they are offered, may change. We will inform you within a
reasonable time of these changes. It is in your interest to read your contract carefully. If you have any questions or
need more information, please contact your branch. Standard Bank subscribes to the Code of Banking Practice.
Please ask your branch for details. Standard Bank supports the Ombudsman for
Banking Services Sharecall number 0860 800 900
*Ts&Cs apply.

Authorised financial services and registered credit provider (NCRCP15).

The Standard Bank of South Africa (Registration number 1962/000738/06) is an authorised financial services and credit provider (NCR CP15).
It Can Be is a registered trademark of The Standard Bank of South Africa Limited. GMS-19540 12/21