Frequently Asked Questions
1. What is ACHIEVATM ?
It’s a solution that provides a bundled offering. This includes:
- MyMo PLUS transactional account
- Gold Credit Card
- Free Will drafting
- Free R10 000 Personal Accident cover
- Access to money management tools
- Access to Mastercard Priceless app (Priceless Specials MEA)
2. What is the qualifying criteria?
You must:
- be 18 years or older & have a South African ID* or a valid passport
- be living in South Africa
- have a minimum gross income/deposits of R8 000 monthly
3. Who is ACHIEVATM for ?
- This product offering is ideal if you’re between 25 and 35 years old and are earning a minimum income of R8 000 per month.
4. Who doesn’t qualify?
If you:
- are younger than 18 years
- do not reside in South Africa
- do not take the bundled Credit Card together with the MyMo Plus
5. How can I get this offering?
- Apply online by completing the form
- Visit your nearest branch
6. Can I still qualify for the ACHIEVA™ and its benefits if I was declined for the credit card?
Yes, you can.
7. Which credit card do I get with this offering?
The Gold Credit Card.
8. For how long is this offering valid?
It has no end date.
9. How much does it cost to take up the ACHIEVATM ?
R115 for the MyMo Plus account and an additional R63 for the Gold Credit Card per month.
10. If I get declined for the credit card, do I still have to pay the R63 per month?
No.
11. Is the ACHIEVATM card different than the MyMo Plus card?
No. The ACHIEVA™ consists of a MyMo Plus card and a gold credit card. It also costs the same.
12. What happens if I cancel the credit card a few months after taking up the ACHIEVATM ?
You will still qualify for the benefits even if you cancel.
13. How does the accidental cover work?
You automatically qualify for the cover when you have a MyMo Plus account.
14. What is Masterpass Priceless (Priceless Specials MEA) and how does it work?
It’s a program which offers discounts on travel, food, leisure and other lifestyle experiences.
You can download the app Land sign up to get access to the offers (dependent on your location).
15. How does the Will drafting work?
The Will is drafted for free provided Standard Bank Financial Consultancy (SBFC) is selected as the executor of the estate at the time of death.
16. Do I need to take up the Will to qualify for the ACHIEVATM ?
No. It’s a free additional benefit.
17. What are the money management tools and where do I access it?
These are budgeting and Credit Score tools on the Banking App.
Open the Banking App and go to the “Add-ons” icon. Then add: Credit Score, Money Movement and Budget Manager.