Standard Bank Instant Money
The Standard Bank Instant Money service allows customers to send and receive money instantly, using a range of digital channels.
How to Use Standard Bank Instant Money
- Download the Standard Bank mobile banking app or access online banking
- Navigate to the Instant Money section and select 'Send' or 'Receive'
- Enter recipient details, including their cell number or email address
- Specify the amount to be sent or received
Standard Bank Instant Money Withdrawal Limits
The maximum withdrawal limit for Standard Bank Instant Money is R2 500 per transaction, with a daily limit of R10 000.
| Transaction Type | Maximum Amount | Daily Limit |
|---|---|---|
| Instant Money Withdrawal | R2 500 | R10 000 |
| Cash Send Withdrawal | R5 000 | R20 000 |
How Do I Redeem My Standard Bank Instant Money Voucher?
To redeem a Standard Bank Instant Money voucher, follow these steps:
- Log in to your mobile banking app or online banking
- Navigate to the 'Rewards' or 'Vouchers' section
- Select the voucher you wish to redeem and confirm the details
- The amount will be credited to your account instantly
Standard Bank EWallet Benefits
The Standard Bank EWallet offers a range of benefits, including:
- No fees for transactions under R10 000
- Faster transaction processing times compared to traditional bank transfers
- Secure and convenient online management
Standard Bank Cash Send Withdrawal Process
To withdraw cash using Standard Bank's Cash Send service, follow these steps:
- Log in to your mobile banking app or online banking
- Navigate to the 'Cash Send' section and select 'Withdraw'
- Enter recipient details and specify the amount to be withdrawn
- The cash will be made available at a participating ATM within 30 minutes
Standard Bank Instant Money Withdrawal Fees
The fees for Standard Bank Instant Money withdrawals are as follows:
| Transaction Type | Fees |
|---|---|
| Instant Money Withdrawal | R10.95 per transaction (min R9.95, max R49.95) |
| Cash Send Withdrawal | R12.50 per transaction (min R11.50, max R52.50) |
Common Questions and Answers
Q: What is the maximum amount I can withdraw using Standard Bank Instant Money?
A: The maximum withdrawal limit for Standard Bank Instant Money is R2 500 per transaction, with a daily limit of R10 000.
Q: How do I know if my Standard Bank Instant Money voucher has expired?
A: You can check the expiration date of your voucher by logging in to your mobile banking app or online banking and navigating to the 'Rewards' or 'Vouchers' section.
Q: Can I use Standard Bank Instant Money to pay bills?
A: Yes, you can use Standard Bank Instant Money to pay bills. Simply log in to your mobile banking app or online banking and navigate to the 'Bills' section to select the bill you wish to pay.