(sum)1
The (sum)1 account is created for children between the ages of 0 and 16 and is jam-packed with benefits designed to make banking fun and easy. With the (sum)1 account, your child will learn about:

  • The joy of depositing money, seeing their balance grow and making a withdrawal to buy that something special, the (sum)1 account is a great platform to teach your child the basics of banking.

  • The importance of saving: If your child has a specific item they would like to buy with their money, they can save up for it with their (sum)1 account. Not only will this give them something to work towards, they will also feel a sense of achievement once they have reached their goal.

  • The (sum)1 account comes with a debit card that can be used to withdraw cash at any ATM and to buy goods at any store displaying the Maestro, MasterCard or VISA logo. The account can be linked to your account as the parent or guardian and you can deposit money into your child's (sum)¹ account by Stop order, or via internet or cellphone banking, as often as you like.
  •  

  • No minimum monthly management fee
  • 4 Free electronic debit transactions per month (Excluding debit orders)
  • 4 Free ATM cash deposits
  • 1 Free branch cash deposit
  • Free bank card
  • Free balance enquiries
  • Unlimited SMS notifications with MyUpdates
  • Free access to Cellphone and Internet banking subscription
  • Free prepaid airtime recharges
  • Under the age of 16
  • South African citizen

 

  • Click here to view the fees for the Sum1 account

 

To open your (sum)1 account bring your ID document, your parent and his /her ID document, and either your own or your parent’s proof of address.

Go to your nearest Standard Bank branch or call our customer care line on 0860 123 000.

Customer Care Line