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Requirements & How to Open a Standard Bank Account

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Requirements & How to Open a Standard Bank Account

SA Portal

SA Portal

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Standard Bank Account: How to Open a Standard Bank Account in South Africa and requirements needed.

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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

See Also: How To Open A Bank Account In South Africa & Requirements

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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

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Posted in: Banking

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