South Africa
Instant Money
Need to send money to a friend or relative who doesn’t have a bank account? Instant Money lets you send cash immediately to anyone with a South African cellphone number. You can also store and spend money safely with an Instant Money Wallet, which works like a basic bank account on your phone.
Some of the benefits
Convenient
Send money through Internet Banking, the Banking App, Cellphone Banking, ATMs or retail partners
Secure
Share the 4-digit cash collection PIN you selected with your recipient for safe withdrawal
Top up
Use funds in your Instant Money Wallet to buy prepaid airtime, data or electricity
Flexibility
Send single or multiple cash vouchers of up to R5 000 a day or R25 000 a month
INSTANT MONEY WALLET
The Instant Money Wallet is ideal if you don’t have a bank account but want an easy-to-use digital wallet to load and send money, as well as buy prepaid airtime, data or electricity.
- Register and access your digital wallet by dialling *120*212#
- Create a unique wallet PIN when you register
- Load funds into your wallet via Internet Banking, ATM, Banking App, Cellphone Banking, or at one of our retail partners
- Withdraw cash at our ATMs or retail partners using your voucher number and cash collection PIN
- Send up to R5 000 a day at selected retail partners
- Reset the cash collection PIN if it’s lost or forgotten
- Reset your wallet PIN
- See your transaction history
- Cancel a payment to your receiver
Retailer channels: R9.95. (R9.90 to send money at PEP stores).
Standard Bank channels: R9.00 for R50 – R500, R11.50 for R501 – R1 000 and R13.50 for R1001 and above.
Instant Money Wallet terms and conditions
INSTANT MONEY TRANSFER
- Send Instant Money via Internet Banking, our Banking App, Cellphone Banking or at our ATMs
- You can also send money from a retail partner - Simply present your South African ID at the till point and provide your cellphone number and the recipient’s
- Withdraw cash at our ATMs or retail partners using your voucher number and 4-digit PIN
Learn more about Instant Money.
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INSTANT MONEY WALLET
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INSTANT MONEY TRANSFER
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Retail partners
The Instant Money Wallet is ideal if you don’t have a bank account but want an easy-to-use digital wallet to load and send money, as well as buy prepaid airtime, data or electricity.
- Register and access your digital wallet by dialling *120*212#
- Create a unique wallet PIN when you register
- Load funds into your wallet via Internet Banking, ATM, Banking App, Cellphone Banking, or at one of our retail partners
- Withdraw cash at our ATMs or retail partners using your voucher number and cash collection PIN
- Send up to R5 000 a day at selected retail partners
- Reset the cash collection PIN if it’s lost or forgotten
- Reset your wallet PIN
- See your transaction history
- Cancel a payment to your receiver
Retailer channels: R9.95. (R9.90 to send money at PEP stores).
Standard Bank channels: R9.00 for R50 – R500, R11.50 for R501 – R1 000 and R13.50 for R1001 and above.
Instant Money Wallet terms and conditions
- Send Instant Money via Internet Banking, our Banking App, Cellphone Banking or at our ATMs
- You can also send money from a retail partner - Simply present your South African ID at the till point and provide your cellphone number and the recipient’s
- Withdraw cash at our ATMs or retail partners using your voucher number and 4-digit PIN
Learn more about Instant Money.
Convenience and Flexibility
Send and receive money
Bringing Instant Money closer to you
We’re partnering with more retailers so that you can send and receive money quickly and conveniently with Standard Bank Instant Money, anywhere in the country.
Self service banking
Cash-free payments
Standard Bank’s advanced new range of payment options mean you can pay for goods and services more safely and cleanly than ever before.
Managing your money
How Masterpass works
Shopping on your computer, tablet or smartphone has never been easier thanks to Masterpass, the digital wallet payment service that makes shopping online in South Africa as simple as ‘click and pay’.
WE ALSO OFFER
SnapScan App
No need to carry cash, wait for the card machine or enter your card details with every online purchase. With SnapScan, you can use your smartphone to make payments, send money to friends and earn UCount Rewards Points. SnapScan is compatible with most bank cards, as well as the Standard Bank Virtual Card.
Tap to Pay
You can use your credit or debit card to pay by tapping any card device with a contactless symbol*. Every purchase is secure, protecting your data and your account. And don’t worry if you tap twice by accident – you can only be billed once.