How Much is Instant Payment at Standard Bank

How much is instant payment at Standard Bank? That’s a question that many Standard Bank South Africa customers have been asking about. Standard Bank is the biggest banks in the country in terms of capitalization. The bank’s customers often need to transfer money to other banks as payments. You are here because you wish to make one such payment. How much will you be charged?

How much are immediate payments are Standard Bank?

Standard Bank charges R10 as an instant payment fee for transactions that are below R3000. If your payment is over R3000, you will need to pay an Immediate Payment fee of R50.

How to make a Standard Bank immediate payment

That’s the answer to the question, how much is an instant payment at Standard Bank. The amount that you will have to pay depends on how much you wish to transfer. The following is how to make a Standard Bank immediate payment;

1. Log into the Standard Bank app on your phone.
2. Go to Transact.
3. From there, go to Pay.
4. Select a beneficiary.
5. Choose an account that you wish to make for your payment.
6. Toggle the Immediate payment option to on.
7. Click on Review and confirm your payment.

Are immediate payments instant?

In this article, we showed you the answer to the question how much is instant payment at Standard Bank. But once you have made your payment, does the recipient get their money there and then?

Usually, that’s what happens. The person to who you are sending the money will get it there and then. However, you may have to wait a few minutes for the payment to reflect in the other person’s account.

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Summary

In this article, we showed you the answer to the question how much is an immediate payment at Standard Bank. It was noted that a lot of people are looking for this information. Immediate payments allow you to buy items without having to wait for money to reflect in the other person’s account. Money is send to the recipient quicker than happens when carrying out normal payments.

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