Private Banking
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Standard Bank Private Banking is designed to perfectly suit your needs by giving you the personal attention you want and deserve. This exceptional offering integrates quality banking and wealth advisory services seamlessly with your lifestyle.
MWK 2.5 million
Minimum Net monthly income
MWK 19,000
Monthly fee
Some of the benefits
Special rates
Enjoy flexible terms and great rates on savings and cash investment solutions
Exclusivity
Exclusive Private Banking Suite for your transactions and express service at any of our branches
Private Banker
A personal banker who will assist with your day to day transactions and requests
Independence
Bank the way you want to, whenever you want to – online, in-app or at our ATMs
How to get it
Visit the nearest branch with the following documents
- Valid identity
- Letter from employer (if employed)
- Recent pay-slip
- Proof of residence either utility bill or letter of residential verification from employer or letter of residential verification from T/A or Village Headman
- Employment permit (for employed foreigners)
- Business Permit (for business foreigners)
- Two references (this is for unemployed individuals who will not meet requirement (1 to 5)
- You have to be at least 18 years
- You can be a salaried worker or self-employed
- Be a resident or non-resident Malawian, or resident non-Malawian with a valid residence permit.
What you get
- Dedicated Private Banker
- Exclusive Private Banking suite
- Access to a digital loan
- Dedicated teller for local and foreign exchange transactions
- Extended banking hours
- International Visa Debit Cards with $5000 monthly spending limit
- Monthly Pre-approved overdraft
- Unsecured personal loan of up to MWK 25,000,000
- Unlimited POS transactions dependent on account balance
- Preferential pricing on forex and interest rates
- Seamless cross-border referrals
What it costs
- Two pricing options available:
- Bundle fee - MK19,000 per month
- Pay as you go - MK14,250 account management fee, and standard fee to apply for all transactions
- New Visa Card fe of MK15,700
- Cheque Book fee of MK24,852
- Bi-annual Visa Cardholder fee of MK2,500 charged in March and December
Solutions
Your Private Banking account gives you access to a number of financial products, services and solutions such as:
- Investment Products and advisory services
- Access to lending products and services such as Home loans and Vehicle and Asset Finance
- Bancassurance
- Offshore Banking Services.
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How to get it
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What you get
-
What it costs
-
Solutions
Visit the nearest branch with the following documents
- Valid identity
- Letter from employer (if employed)
- Recent pay-slip
- Proof of residence either utility bill or letter of residential verification from employer or letter of residential verification from T/A or Village Headman
- Employment permit (for employed foreigners)
- Business Permit (for business foreigners)
- Two references (this is for unemployed individuals who will not meet requirement (1 to 5)
- You have to be at least 18 years
- You can be a salaried worker or self-employed
- Be a resident or non-resident Malawian, or resident non-Malawian with a valid residence permit.
- Dedicated Private Banker
- Exclusive Private Banking suite
- Access to a digital loan
- Dedicated teller for local and foreign exchange transactions
- Extended banking hours
- International Visa Debit Cards with $5000 monthly spending limit
- Monthly Pre-approved overdraft
- Unsecured personal loan of up to MWK 25,000,000
- Unlimited POS transactions dependent on account balance
- Preferential pricing on forex and interest rates
- Seamless cross-border referrals
- Two pricing options available:
- Bundle fee - MK19,000 per month
- Pay as you go - MK14,250 account management fee, and standard fee to apply for all transactions
- New Visa Card fe of MK15,700
- Cheque Book fee of MK24,852
- Bi-annual Visa Cardholder fee of MK2,500 charged in March and December
Your Private Banking account gives you access to a number of financial products, services and solutions such as:
- Investment Products and advisory services
- Access to lending products and services such as Home loans and Vehicle and Asset Finance
- Bancassurance
- Offshore Banking Services.