The Signature bank account from Standard bank is a high-end bank account offering the best benefits that Standard bank has to offer. Of course, great benefits come with a higher monthly fee, thus signature account holders pay the highest monthly maintenance fee for an account at Standard bank.
However, the monthly fee that is charged on the Signature account is worthy if we take into consideration the benefits that come with the account. . These benefits are not limited to the account holder only but also apply his or her loved ones.
Your family members can benefit from your Signature bank account. You can add up to five family members to enjoy signature benefits such as signature on-call support via IM, WeChat or Facebook, access to your private banker, access to airport lounges, etc.
The Standard Bank Signature account is a private banking account that gives the account holder and his or her family a world-class banking experience. To qualify for the Signature bank account, you need to earn a gross monthly salary of R92,000.00.
The account also comes with a monthly maintenance fee of R469.00. Since the signature account is family-oriented, you can add family banking for R75.00 per month.
By holding the signature account your partner gets benefits as well. Your partner will pay an additional fee of R209.00 per month for a secondary account. If your partner is a World Citizen Credit cardholder he/she will only pay R22.00 monthly maintenance fee with family banking.
As a black card, the Standard Bank Signature account gives you even better benefits, considering that probably you are a boss in your own right. You will have a specialized funeral plan, accidental and health policies for your domestic workers to ensure that they are always in good finances should they get sick or die.
|# fee description||Online fee||ATM fee|
|Monthly account fee||R469.00||R469.00|
|Family banking fee||R75.00||R75.00|
|Withdrawals at Standard bank ATM||Free||Free|
|Withdrawals at other banks’ ATMs||N/A||R10.00 per R1000.00|
|International ATM withdrawals||N/A||R20.00 per R1000.00|
|Cash deposit fee||N/A||Free up to R10,000.00, thereafter R9.00 per R1000.00 is charged|
|Immediate payments below R3000.00||R10.00||N/A|
|Immediate payments above R3000.00||R50.00||N/A|
|Instant money up to R500.00||R8.00||R8.00|
|Instant money between R501 to R1000.00||R10.50||R10.50|
|Point of sale garage card purchases||R7.00||N/A|
|Instant money wallet fee||R5.00||R5.00|
|Point of sale cashback||N/A||Free|
|Point of sale purchase with cash||N/A||Free|
The Standard bank Signature account is a prestigious account that doesn’t shy away to provide exclusive banking for the ultra-wealthy. The account boasts some of the best benefits for a black card in banking.
Since the account is meant for the ultra-wealthy, services such as estate planning, trust setup and wealth management consultancy are the core benefits of the account. To benefit from the signature account, you will need to have wealth that you want to store and/or investments or want your family to enjoy greater banking benefits.