Students looking for financial independence will be happy to know that Standard Bank has a scheme specially designed to equip young people for daily spending through their own accounts. Since the account is designed with students in mind, it features perks that will specifically benefit its young members.
Below are some more details about the account:
Student Achiever Account
Monthly Fee - R9.99
Age range - 16 to 24 years old
Monthly Income - Not required
Perks:
- Buy data or airtime by dialling *130*2345# or using the mobile banking app
- Access to exclusive student discounts on Varsity Vibe
- A 50% discount on your Siyavula
- Pay by phone (by linking Snapscan and Masterpass apps to your phone)
- Unlimited free swipes at till points
- 10 free electronic debit transactions per month
- Cash withdrawals to the maximum value of R1350 Standard Bank ATMs
- 2 free cash deposits at Standard Bank ATMs
- Free balance enquiries on your phone
- 50% off your TravelWallet card
- Get 250MB or R25 airtime for free every month from Standard Bank Mobile
You will be charged R 26 if you use more than the standard transactions. Pay as you transact rates will apply once you’ve used your bundled services for the month.
How to open your account:
Visit a Standard Bank near you and make sure you have the following documents:
- Your South African ID* (or residence permit if not an SA citizen)
- Copy of your registration at a recognised institution
- Proof of residence not older than 3 months
- If you’re studying part-time, you must earn less than R 3 000 a month
