Electronic payments
Inward and outward international transfers are a safe, convenient and cost-effective way of moving money and doing electronic payments to people in other countries.

Features and benefits

  • It is a secure method, as transactions are authenticated and funds are transferred directly between banks.
  • Ideal for all payments for goods and services, gifts, investing abroad and travel but requires full account details of the beneficiary.
  • It takes around two working days to send and receive money.

If used as travel allowance:

  • The South African Reserve Bank allows you to open an account abroad to transfer the money to, provided any unused portion is returned to South Africa.

Sending money

Apart from relevant documents, you will need to provide your beneficiaries details and bank account details (if applicable) as well as a routing number, sorting code or IBAN number, to ensure that the funds reach the correct destination.

IBAN numbers for Europe

When sending money to a beneficiary in either; the 25 European Union (EU) Member States, Iceland, Liechtenstein, Norway or Switzerland, you will need to provide the beneficiaries IBAN number.


You should get the IBAN number from your beneficiary directly. If they do not know it they can ask their bank for assistance.
For examples of the IBAN format of the various countries, please see below:


EU member state

IBAN format

Austria

AT611904300234573201

Belgium

BE62510007547061

Cyprus

CY17002001280000001200527600

Czech Republic

CZ6508000000192000145399

Denmark

DK500040044116243

Estonia

EE382200221020145685

Finland

FI2112345600000785

France

FR142004101005050003M02606

Germany

DE89370400440532013000

Greece

GR1601101250000000012300695

Hungary

HU421117730161111101800000000

Iceland

IS140159260076545510730339

Ireland

IE29AIBK93115212345678

Italy

IT40S0542811101000000123456

Latvia

LV80BANK0000435195001

Liechtenstein

LI21088100002324013AA

Lithuania

LT121000011101001000

Luxembourg

LU280019400644750000

Malta

MT84MALT011000012345MTLCAST001S

Netherlands

NL39RABO0300065264

Norway

NO9386011117947

Poland

PL27114020040000300201355387

Portugal

PT50000201231234567890154

Slovakia

SK3112000000198742637541

Slovenia

SI56191000000123438

Spain

ES0700120345030000067890

Sweden

SE3550000000054910000003

Switzerland

CH9300762011623852957

United Kingdom

GB54BARC20992012345678


Receiving money

You will need to provide the sender with:

  • a SWIFT address (Standard Bank’s SWIFT address is SBZAZAJJ); and
  • your bank account details

Once your money has arrived in South Africa, you have up to 30 days from receipt of transfer to convert it into rand.

When the money reaches Standard Bank, we will contact you in order to get the relevant exchange control information from you and release the funds.

It is important that we have your correct and most recent contact information. If we cannot get hold of you within 30 days we have to send the money back.

If you are living in another country or you receive funds regularly from the same source you may give us an instruction to convert the funds as soon as they arrive at Standard Bank.

Costs involved

The sender may choose one of three ways that the fees are paid

  • Share: the sender and the receiver both pay their own fees, this is the most popular option.
  • Our: the sender will pay the fees for both the sending bank and receiving banks. With the option that part of the fee will be recovered after the funds arrive in South Africa, as the bank will send a request to the bank for the fees.
  • Ben: the beneficiary will pay the fees for both the sending bank and receiving banks.
  •  

BizDirect Response Centre

0860 109 075 / +27 11 299 4633

BizDirect@standardbank.co.za

Disappointed | Delighted