One of the most affordable business bank accounts in the republic, the Standard Bank MyMoBiz Business account comes at a very affordable monthly service fee of R5.00. This business account is the most affordable business account at Standard Bank.
The MyMoBiz Business Account comes with some of the most generous benefits for a business account while charging a low monthly fee. Account-holders get access to a dedicated business support team from Standard Bank’s business bankers to help account holders with their day-to-day business needs.
With the Standard Bank digital banking support, businesses with the MyMoBiz Business Account can do more using the digital platforms such as paying suppliers, paying staff, receiving cash, and more. Standard Bank digital platforms consist of Internet Banking, Mobile banking, and banking App.
Businesses can save towards a goal by saving money every month and earning interest. The minimum savings that a business can make is not specified so a business can save any amount of money.
MyMoBiz Business Account offers cheap rates to businesses that want to start banking with Standard Bank. The MyMoBiz business account comes with a monthly service fee of R5.00. The account has a cash deposit fee of R9.00 for every R1,000.00 deposited at a Standard Bank ATM.
Branch payments cost more than ATM and online transactions. For example, account payments at a Standard Bank branch cost R90.00 plus 0.1% whereas ATM and online account payments charge R5.00 with no further marginal percentage charges.
Account-holders can get PocketBiz point of sale devices for convenient payments. The PocketBiz point of sale device is portable and can be used on the go. Moreover, by virtue of having the MyMoBiz business account, you get access to a team of professional bankers that are there to help your business whenever you face banking problems.
|Monthly service fee||R5.00|
|Cash deposit at a Standard Bank ATM||R9.00 per R1,000.00|
|Cash deposit at a Standard Bank branch||R15.00 per R1,000.00|
|Cheque deposit at a Standard Bank ATM||R60.00 plus R8.50 per cheque|
|Cheque deposit at a standard bank branch||R60.00 plus R8.50 per cheque|
|Cash withdrawal at a Standard Bank ATM||R9.00 per R1,000.00|
|Cash withdrawal at a Standard Bank branch||R15.00 per R1,000.00|
|Other bank ATM withdrawals||R15.00 per R1,000.00|
|Declined transaction fee a Standard Bank ATM||Free|
|Declined transaction fee at other banks’ ATM||R9.00|
|Cash withdrawal at participating retailers||R2.00|
|Inter account transfers at Standard Bank ATM||R5.00|
|Inter account transfers at Standard Bank ATM||R85.00|
|Account payment at Standard Bank ATM||R5.00|
|Account payment at Standard Bank branch||R90.00 + 0.1% to a maximum of R5,000.00|
|Immediate payment at Standard Bank branch||R505.00 + 0.26% up to R10,000.00|
|Instant Money online banking/ app||Up to R500 = R8.00R500.00 to R1,000.00 =R10.50Above R1,000.00 =R12:50|
|Scheduled payment setup/change/cancel at an ATM||Free|
|Scheduled payment setup/change/cancel at a branch||R20.00|
|Debit order fee||R3.50|
|Debit order Reversal before 40 days||Free|
|Reversal of a debit order after 40 days at a branch||R135.00|
|Stop lost or stolen card||Free|
|Pin reset at a branch||R10.00|
The Standard Bank MyMoBiz Business account offers an affordable way to start business banking with Standard Bank. With just R5.00 , you can easily maintain your business account with ease during hard times.