Instant Money

Money transfers are an affordable, safe, and reliable way to send money to anyone with a cellphone number in South Africa. There are 3 products available to send money safely and conveniently to anyone with a cellphone number. 

Instant Money - A safe reliable way to send money to anyone with a cellphone number. 
Mobile Wallets - Store money digitally. You can withdraw this money, send it to someone else, or buy services like airtime and electricity.
Bulk Payments - Your business can easily pay seasonal employees, casual workers, cash suppliers and other cash allowances. 

  • Instant Money

    Benefits of using Instant Money:

    • Affordable: Sending money costs only R9.95 and the recipient pays nothing at all.
    • Convenient: You can send money from our ATMs, via the banking app, online banking, cellphone banking or through our retail partners if you are a Standard Bank customer or just from our retail partners if you are not a Standard Bank customer. The recipient can get their money from ATMs and our retail partners.
    • Fast: Your money is delivered instantly to a South African cellphone number.
    • Trusted: More than 2 million people across South Africa use Instant Money every month.
    • No bank account: Neither the sender or recipient needs a bank account.

    You need the following to start using Instant Money

    • The sender must have a South African ID
    • The recipient must have a valid South African cellphone number


    How to send and receive money

    • If you are a Standard Bank customer, you can send Instant Money via our ATMs, online banking, cellphone banking or the banking app. You can also send money from participating retailers
    • You can redeem an Instant Money voucher at participating retailers or Standard Bank ATMs.


    Queries

  • Mobile wallets (coming soon)

    With a mobile wallet you can store money digitally. You can withdraw this money, send it to someone else, or buy services like airtime and electricity. Anybody can use our mobile wallet to:

    • Receive money: Receive Instant Money vouchers and keep the money in your mobile wallet.
    • Withdraw money: Cash out some or all of your money at our retail partners or Standard Bank ATMs across South Africa.
    • Send money: If you register you can send money to any valid South African cellphone number.
    • Buy value-added services: You can buy electricity or airtime with your mobile wallet.


    How to get a mobile wallet

    • Someone with a Standard Bank account (this could be you) needs to send you an Instant Money voucher via our online banking, cellphone banking, ATM or the banking app.
    • Alternatively, someone (this could also be you) can send you money from our retail partners.


    The mobile wallet can be accessed by

    • Dialling *120*2345# and select Instant Money Wallet, option 2.
  • Bulk payments for business owners

    With Instant Money bulk payments, your business can easily pay seasonal employees, casual workers, cash suppliers and other cash allowances. Recipients only need a valid cellphone number to get their voucher, and can store money in a secure digital wallet.


    Benefits of Instant Money bulk payments

    • Easier payments: Pay directly from your business account to a cellphone number. You can capture recipient details individually or in bulk by uploading a spreadsheet
    • Stay in control: Define approvals and levels of authority for captured payments. You can further track Instant Money bulk payments through system-generated reports

    Stronger security: Fewer of your employees will handle cash, or leave your premises with cash in hand

    • Lower costs: Minimise costs on security, administration and control of cash
    • Easy set-up : All you need is internet access, no specific equipment required


    How to get Instant Money bulk payments

    • Complete the onboarding form and email it to instantmoneybulkpay@standardbank.co.za. Alternatively, call 086 046 6639 or contact your Standard Bank representative
    • We’ll create an Instant Money bulk payments profile for you, and our representative will contact you to complete the set-up and give you the training you need.
  • Terms and conditions

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