Opening a Standard bank account is easier than ever before. Standard Bank is one of the largest financial institutions in South Africa. The requirements for opening a bank account in Standard Bank account will vary depending on the type of account. But basically, the requirements per account are as follows:
Basic transactional accounts offer:
- A debit card to use for withdrawals and deposits of cash
- SMS notifications of your transactions
- Cell phone banking, so that you can transact from your phone at minimal cost
What you will need
- SA ID book or valid passport with the relevant study/work permits
Note: Green barcoded ID book or smartcards only - Proof of residence
Note: Utility bills or a bank-letter completed by your landlord, local chief or councillor
Who can open a bank account in SA?
- South African Citizens
- Foreign Nationals living in SA