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Current account

A current account is a transactional account that offers an individual or business entity the ability to deposit, transfer and withdraw funds using various channels such as cheque, internet banking, Autobank in-branch banking at the customer's convenience.

Benefits of a current account
  • Safety of not having to carry large amount of cash.
  • Convenience of accessing banking facilities even after banking hours e.g. Autobank and Internet
  • Flexibility of payments through debit orders or stop orders.
  • Customers are able to monitor their accounts through the counterfoils in chequebooks and provision of statements.
  • Stop Payment instructions can be arranged in case of fraud, theft, lost cheques etc.
  • Money is easily transferable to other branches and other banks
  • Arrangements can be made for more than one signatory on an account
  • Withdrawals on demand
  • Cheque Guarantee Card.
How to apply (Personal Current Account)

Visit your nearest Standard Bank branch to apply for a personal current account. You will need to provide the following:
  • Your valid identity
  • A payslip that is not older than two months
  • Proof of income
  • Proof of residence
  • Initial deposit to activate the account
How to Apply (Business Current Account)

Visit your nearest Standard Bank branch to apply for a business current account. You will need to provide the following:
  • Certificate of registration
  • Valid identity
  • Source of income
  • Proof of residence / business premises
  • Business referees