How much is the standard bank monthly fee?

Standard Bank Monthly Service Fees

Standard Bank, one of South Africa’s leading financial institutions, charges a range of monthly fees for certain services associated with its bank accounts. These fees are in addition to any other applicable banking charges.

Email Addresses

Standard Bank charges a monthly fee of R11 for each additional email address linked to a customer’s account. This fee applies to email addresses beyond the primary email address registered with the bank.

SMS Alerts

Standard Bank offers SMS alerts for transactions and account balances. Customers who opt for this service incur a charge of 30 cents per message. These charges are accumulated and added to the customer’s monthly statement.

Additional Charges

It is important to note that the aforementioned fees do not include other potential banking charges, such as transaction fees, overdraft fees, or interest on loans. Customers are advised to carefully review their account statements and understand the applicable charges associated with their banking activities.

Cost Optimization

To minimize monthly service fees, customers can consider the following:

• Limit the number of additional email addresses linked to their accounts.
• Opt-out of SMS alerts if they are not essential.
• Explore alternative communication channels, such as online banking or mobile banking apps.

By understanding the monthly service fees charged by Standard Bank, customers can make informed decisions about their banking needs and minimize unnecessary expenses.