(sum)1 - Kids Banking Account

(sum)1

Designed for children and young achievers under 16, (sum)1 is a safe, easy and educational introduction to banking. Open a (sum)1 account for your child to unlock the Kidz Banking app experience.

No income required
Monthly fee
None

Benefits include:

About (sum)1

How to qualify

  • You are under 16 years of age
  • You are a South African citizen

Features and benefits

  • 24/7 self-service banking using the Standard Bank App, online banking, cell phone banking (*120* 2345#) or ATM
  • No fees for prepaid airtime recharges when you call *130*2345#
  • Free MyUpdates by SMS or email
  • Free debit card
  • Access to the fun and educational Kidz Banking app

What it costs

What you'll need

  • Your birth certificate
  • Your parent/guardian and their ID book
  • Proof of home address (up to three months old)

More benefits

  • Unlimited swipes at retail stores
  • 8 free electronic debit transactions per month (excluding debit orders)
  • 2 free Standard Bank ATM withdrawals per month
  • 2 free Standard Bank ATM cash deposits per month
  • Unlimited transfers to any Standard Bank savings and investment account
  • Free balance enquiries when you call *120*2345#
  • Link a (sum)1 account to a parent or guardian’s account

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