Money tips for better financial decisions

Be #WalletWise

Financial education

Financial literacy is the key to becoming financially independent. At Standard Bank, we’re committed to empowering you with financial knowledge through WalletWise. WalletWise is a financial education initiative aimed at teaching you how to manage your money, while making informed financial decisions.

Become financial literate through financial education

Bank accounts

Types of bank accounts

Ways to reduce the impact of financial stress

Bank accounts

Customer identification It is law in South Africa that banks keep accurate records of their customers. For that reason, the requirements for opening an account at any bank will be the same.

What you need to know about working while on a study visa

Cybercrime and fraud

What to do if you suspect fraudulent activity on your account Finding suspicious or fraudulent activity on your bank account can be a stressful, but it’s important to act quickly and follow the right steps to avoid any further damage.

Understanding home loans

Affordable home buying options Owning a home is a dream for many South Africans, but for low-income earners, it can often seem out of reach. However, there are several home buying options and government programs available to help individuals and families with limited income achieve their homeownership goals.

Cybercrime and fraud

How to avoid falling victim to cybercrime Banking fraud is a prevalent concern in South Africa, with fraudsters coming up with new ways to scam unsuspecting people. Protecting your financial assets and personal information is very important in this digital age.

Credit health

How to improve your credit score Did you know? It’s possible to have your application for a transaction account rejected if your credit record is in bad shape. However, with a bit of time and patience, you can improve your credit record and have a healthy credit status.

Bank accounts

How to open a bank account A bank account is a reliable way to keep your money safe while earning interest. Many jobs nowadays also require you to have a bank account to receive your salary.

Credit health

Credit report 101 A credit report helps to determine an individual's creditworthiness. Read more on good and bad credit, and what you need to avoid.

How to save and invest

Types of savings and investment accounts Whether you have short- or long-term financial goals in mind, you are bound to find a savings and investment account that is tailored to cater for your specific needs.

Types of insurance

Different types of insurance There are various types of insurance for just about every possible event in your life that might need financial assistance.

Understanding the basics of credit cards

Cybercrime and fraud

Common scams in South African banking Cybercrimes in banking are illegal activities that use technology to target banks and their customers. These crimes can range from simple phishing scams to complex malware attacks.

Understanding home loans

How to buy a home You’ve made the decision to buy a home of your own! To help you to move forward, we’ve put together a list of the steps involved – with all the information you’ll need to help you to achieve your goal!

Understanding home loans

Steps to buying a home Buying a home is a significant milestone in life, and it's an investment that often comes with a mix of excitement and anxiety. Whether you're a first-time buyer or a seasoned homeowner, this article provides a step-by-step guide on how to buy a home.

Understanding home loans

What it costs to buy a home The dream of homeownership is a significant milestone for many South Africans, and it's a goal that holds both emotional and financial value. However, buying a home is a commitment that requires careful consideration and planning.

Credit health

Building credit - What you need to know Having a good credit record makes it more likely that a company will lend you money. It will also help you to get credit again in future (as long as you can afford it).

Credit health

Pros and cons of debt counselling Sometimes people borrow more money than they can afford to pay back, and then they find themselves in financial trouble. Debt counselling can help, but there are pros and cons to consider.

Credit health

What is credit? Credit is an arrangement that lets you buy goods now and pay for them later. To get credit, you must be able to prove that you can pay back the amount you want to borrow.

Your guide to life insurance beneficiaries

Types of insurance

Importance of life insurance Life insurance is the most essential type of insurance if you are a breadwinner or have children. The money that is left behind when you pass away can go a significant way to replacing your income for living expenses.

Types of insurance

Types of car and home insurance It can sometimes feel like a waste of money to pay for car or home insurance, after all, you can never be sure that bad things are even going to happen to either. But it’s important to remember what might happen if they do.

Top tips to prepare your home for the rainy season_14 images

Types of insurance

Why is insurance important? Insurance is about protection. It’s about planning for the unexpected, and although it doesn’t often feel like a priority, it can make a huge difference in times of loss or damage.

Credit and finacncing

Credit, financing and loans Finance purchases over a short or long term period by choosing between a loan, credit card or financing.

Credit and finacncing

Interest vs interest rates: How does it work? Financial literacy is the key to making good financial decisions. This includes not only understanding the meaning of different financial terms but also having a clear understanding of how certain factors can impact your personal finances. In this article, we look at interest and interest rates, and how they can impact you, the average consumer.

What accounts in arrears mean and how to recover

Credit and finacncing

Responsible borrowing It is important to borrow money responsibly so that you are able to repay your loan while keeping a healthy credit score.

Credit and finacncing

Types of credit Credit can be used to buy things like furniture, houses, cars, etc and pay it off over a short or long period. The type of credit you need depends on the amount you want to borrow.

Bank accounts

Bank fees and charges It is important to remember that there are fees involved when you have a bank account. However, bank fees differ between banks and products, and some accounts include a range of service fees for free.

What is a payment holiday and how does it work

Bank accounts

Why your bank needs your latest details Banks are legally required to know who their customers are and make sure their information is up to date. This process is called Know Your Customer (KYC). It’s part of the Financial Intelligence Centre Act 38 of 2001 (FICA), which helps fight against things like money laundering and fraud.

How to save and invest

Group savings scheme Much like having a gym buddy, saving together adds a sense of obligation to the rest of the group. When you attach a social element to your saving habits, you may find it much easier to stick to your monthly savings goals.

How to save and invest

Savings account benefits Saving has many purposes and is essential to plan financially for the future. It is also your plan B, your back-up. It means you have access to money when you need it, and you’re never stuck without essential funds.

How to save and invest

Starting your savings journey Financial security is a goal that many of us want to achieve. It not only gives you peace of mind but also opens opportunities for future investments and personal growth.

How to save and invest

Tips for saving money It can be hard to stay motivated to save, which is why it’s often viewed as a rare and difficult thing to achieve. However, saving money doesn’t have to be so complex. Follow our six tips that will help you save money.

Mobile: How to view your account balance

Self-service banking

Banking apps for tablets and smartphones A banking app enables safe and convenient access to your bank account using your tablet or smartphone.

Self-service banking

Types of cellphone banking Cellphone banking provides easy access to banking services from the palm of your hand. With a mobile phone and internet connection, you can perform various banking transactions anytime, anywhere.

How to customise your Banking App with Add-on Store_14 images

Self-service banking

Types of self-service banking With its range of time and cost-saving benefits, self-service banking is the way of the future.

Keeping you updated on systems outages_14 images

Self-service banking

What is self-service banking Self-service banking, often referred to as "digital banking" or "online banking," includes various electronic and online tools. These tools allow you to access your bank account, perform financial transactions, and manage your finances using your computer, smartphone, tablet, or ATMs. It allows you to take control of your banking needs, reducing the reliance on traditional brick-and-mortar branches.

Bank accounts

Get to know the different types of bank accounts, how to open an account, and what fees are involved.

Learn more

Cybercrime and fraud

Stay alert and on top of the latest bank scams and learn how to avoid online fraud.

Learn more

Understanding home loans

Want to know more about how to buy a home, the costs involved, and affordable housing options?

Learn more

Credit health

See our tips on building a good credit record, fixing a bad one, and the pros and cons of debt counselling.

Learn more

Credit and financing

Learn more about the types of credit available and the difference between financing and credit cards.

Learn more

Self-service banking

Avoid queues and branches and bank wherever you are. Read more on self-service banking and how it works.

Learn more

How to save and invest

Reach your personal or shared savings goal with our practical advice on savings and investments.

Learn more

Types of insurance

Learn more about the types of insurance and how each policy can help you in times of loss and damage.

Learn more

Financial education

Your feedback has been received

Let us know what's on your mind

Your feedback has been received