Turn monthly fees into investments with Shyft
What if your banking fees didn’t just cover today, but helped build your future too?
If you’re under 35, your monthly Prestige Banking fee could work harder for you. For up to 12 months, we’ll credit the value of your monthly fee into your Shyft wallet to turn everyday banking into an opportunity to grow your funds.
How to qualify:
- You need to be between 18 and 35 years old
- You need to open a Prestige Banking Account
- Your salary should be switched and paid into the account within 60 days
- You need to set up at least 2 active debit orders within 60 days
- You need to activate the Shyft add-on in your Banking App
- Your account should be in good standing (no fee reversals)
Ways to grow your money even more
- More value with UCount Rewards
If you have a Prestige Account and are a UCount Rewards member, you get to enjoy travel and lifestyle benefits such as:
- savings on flights, hotels, and car hire
- lounge access at airports
- travel insurance, and
- fuel rewards at participating Astron Energy and Caltex service stations
You can also get up to 50* UCount Rewards Tiering Points for completing equity trades on your Shyft account, which could help you move up a Tier Level.
- Switch your home and vehicle finance
If you move your home loan to Standard Bank, we’ll cover your initiation, registration and cancellation attorney fees. If you’re a first‑time home buyer, you can also benefit from a 50% discount on bond registration costs and stand a chance to win up to R100 000 towards your home loan.
You can also enjoy zero initiation fees with preferential rates of up to prime less 0.25% when you switch your vehicle financing to us. Plus, get a payment break of up to 60 days on your monthly payment before your first instalment is due.
Offer valid for a limited time only. T&Cs apply.
Frequently asked questions
How much money will I get in my Shyft wallet?
You’ll receive the value of your monthly bank account fee. For example, the Prestige Account is R260 per month (2026 pricing), which means your Shyft wallet will be credited with R260 per month.
How long does the Shyft benefit last?
You must open a Prestige Account between 26 May 2026 and 30 November 2026. However, the benefit lasts up to 12 months, as long as you meet the monthly requirements.
How can I use my Shyft reward?
Your Shyft wallet funds can be used to:
- Invest in global shares and ETFs
- Invest in JSE-listed shares
- Convert and hold foreign currencies
Are there any additional benefits or fee discounts?
Yes. You get a R20 brokerage fee waiver on local trades each qualifying month.
Note: Other Shyft transaction fees still apply.
Note: Other Shyft transaction fees still apply.
What happens if I don’t meet the requirements?
You will lose that month’s reward. You can still qualify again in future months (within 12 months of account opening).
Do I need to use Shyft to trade or invest to qualify?
No. You don’t need to trade or invest to receive the benefit.
Who can open a Shyft account?
You can sign up for Shyft if you are:
- A South African resident
- A foreign national living in South Africa
- A Botswana resident
- 18 years or older
How do I register for Shyft?
- The Shyft add-on on the Standard Bank App
- The Shyft App
- The Shyft website
How do I switch my salary to my Prestige Banking Account?
Once your account is active, you can download or email your Bank Account Confirmation Letter and share it with your employer to request an update to your salary payment details.
View our step-by-step guide on how to download your bank account documents.
Please note: Salary account update processes and turnaround times may differ by employer. Payroll cut-off dates and additional verification requirements may apply.
How do I load or switch my debit orders?
Moving your debit orders to your Prestige Banking Account is simple and fully supported by our team.
Visit our Debit Order Switching page for detailed steps.
Once you have submitted your form, here’s what you can expect:
- If we don’t have an existing arrangement with a service provider whose debit order you’d like to move, one of our specialists will arrange a conference call with you and the service provider, and guide the process to move your debit order to your new account.
- The process typically takes up to 30 days to complete, depending on the service providers involved and availability of information.
I need support. Who can I contact?
For queries related to the promotional offer:
- Email [email protected]
- For Prestige Banking-related enquiries:
- Contact your Relationship Manager
- Email [email protected]
- Call the 24/7 Private Client Centre on 0108 241 517
- For Shyft platform-related enquiries:
- Email [email protected]
- WhatsApp +27 60 585 7376
- Send a message via the blue live chat icon on the Shyft website
