Talk to us if you need a well managed risk, improved cash flow and securely processed local and international trade activities.
A telegraphic transfer is an electronic Instruction to send money from your Standard Bank account to a foreign bank account. A telegraphic transfer is a convenient way of sending and receiving cross border payments at a competitive rate. We process Inward Telegraphic transfers relating to export proceeds, donations, salaries etc., the beneficiaries of which can be local account holders, Foreign Currency Denominated Account holders or those maintaining accounts with other banks.
Standard Bank foreign exchange services include Issuance of Letters of Credit, Issuance of Drafts and processing of Documentary Collections. We issue both cash covered and cash uncovered letters of credit to enable you to process payment of imports and exports.
The importing process from China comes with its own set of risks and challenges for African importers. Because we understand the risks that you may face when trading with China, Standard Bank has introduced the Africa China Agent Proposition. This offering will connect you with the right suppliers in China and help you source and validate the quality of goods.
Manage all your business banking needs on this standalone, secure platform. From simple transactions and transfers, to local and cross-border trade deals as well as forex payments, you have full control over how you handle your business’s finances. You can also pay for your taxes and company utility bills through Business Online. It is simple and secure.
Bizsure is a coupon-based insurance that provides a simple solution to the needs of small and medium customers through a single policy covering a wide range of risks faced in the day to day business operations. This makes it easy for small and medium enterprise customers to access insurance at an affordable price.