Student Achiever Standard Bank

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Bank accounts

The (sum)¹ account is designed for children under the age of 16. It is jam-packed with benefits that place you in control of how you enjoy your money.
With your (sum)¹ debit card you can withdraw cash at any ATM and buy stuff at any store displaying the Maestro or VISA sign, if you have money in your account. Simply swipe your card, enter your PIN and the money is taken directly out of your account.
Your (sum)¹ account can be linked to your parents' or guardians' bank card and they can put money into your account by:

  • Setting up a transfer with us to put the same amount of money into your account every month.
  • Transferring money from their bank account even if they do not bank with Standard Bank.
  • Paying money into your account using Internet banking.

With your (sum)¹ account you get:

  • No monthly management fee
  • 4 Free electronic debit transactions
  • 4 Free ATM cash deposits
  • 1 Free branch cash deposit
  • Free bank card
  • Free balance enquiries
  • Free MyUpdates (SMS notifications)
  • Free cellphone and Internet banking subscription
  • Free prepaid airtime recharges

You also get access to:

  • A savings account

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