Requirements for Opening a Standard Bank Account
What are the requirements for opening a Standard Bank account. Standard Bank is the biggest bank in South Africa when one looks at market capitalization. Their strength lies in offering a wide range of products that are suitable for both individuals and businesses. You are here because you now wish to open a bank account with Standard Bank. Before you can do that, there are a number of requirements that you are going to have to meet. So, what is it that you need to open a Standard Bank account?
What do you need to open a Standard Bank account?
The following are the requirements for opening a Standard Bank account;
- You South African ID book.
- Foreigners are required to produce a valid passport, and a work or study permit.
- You are also required to provide proof of residence. This can be a utility bill in your name or a letter from your landlord or councilor.
Can I open an account online?
Those are the requirements for opening a Standard Bank account. Before approaching the bank, you need to make sure that you have everything that’s needed to avoid delay. A lot of people wonder whether or not it is possible to open a bank account online?
The answer yes, it’s possible to open a Standard Bank account online. It depends, however, on the type of bank account that you will be opening. Some require that you visit your nearest Standard Bank branch, which others can be opened over the internet.
Types of bank accounts
Now that you know what’s needed to open a Standard Bank account, it’s time for us to take a look at the types of accounts that are on offer. The following are some of the types of banks accounts that you can open with Standard Bank;
- MyMo
- MyMo Plus
- PureSave Account
- Prestige banking account
- Professional banking account
- Private banking account
- Signature banking account
- Consolidator banking account.
Summary
In this post, we showed you the requirements for opening a bank account with Standard Bank in South Africa. It was noted that you can open some accounts over the internet, while most can only be opened from inside a branch.
We also showed you some of the available bank account options that you can open. The one that you opt for will depend on your particular circumstances.
Here are the Standard Bank loan requirements