{"id":233168,"date":"2021-07-06T18:00:21","date_gmt":"2021-07-06T17:00:21","guid":{"rendered":"https:\/\/buzzsouthafrica.com\/?p=233168"},"modified":"2021-07-06T18:00:25","modified_gmt":"2021-07-06T17:00:25","slug":"all-about-standard-bank-black-card-and-the-requirements-for-private-banking","status":"publish","type":"post","link":"https:\/\/buzzsouthafrica.com\/all-about-standard-bank-black-card-and-the-requirements-for-private-banking\/","title":{"rendered":"All About Standard Bank Black Card and the Requirements for Private Banking"},"content":{"rendered":"
One thing that keeps every kind of business going is the ability to understand the customers and offer products and services based on their needs and preferences. This is exactly what Standard Bank South Africa is doing. As a financial institution, Standard Bank understands that the financial status of their numerous customers differ from person to person and as such, they have offers to suit the preference of different classes of customers. One of such offers for the rich and affluent class who bank with Standard Bank is the Standard Bank Black Card.<\/p>\n
Another service that truly makes Standard Bank stand out is the private banking service that meets the needs of customers who want a more personalized banking service. With all these amazing services and offers, you can see why Standard Bank prides itself as one of the best banks in South Africa.<\/p>\n
A simple way of saying it is that the Standard Bank Black Card is the credit or debit card issued to young professionals in South Africa. Black Cards have always been in existence in the United States since the 1990s, but there, it is only issued to rich and affluent individuals. Usually, holders of a black card do not have to worry about the spending limit that holders of the regular credit or debit card have to deal with. Most international celebrities who go on a shopping spree and show off how they spend so much money all at once on luxury and expensive things usually have a black card with which they make payments.<\/p>\n
<\/a><\/p>\n A Standard Bank Black Card is open to professionals or individuals who are 30 years or younger. With this, you can enjoy round-the-clock banking services, an upgraded lifestyle, several travel benefits\u00a0and so much more.<\/p>\n Some banks in South Africa, including Standard Bank and even Nedbank<\/a>, have adopted the use of black cards for their exclusive customers. However, black cards in South Africa do not work the same way those in other more developed countries like the United States, work. For instance, Standard Bank offers its black cards to youths and even students regardless of their net worth, but in America, black cards are issued to those with a huge net worth like the Gates, the Zuckerbergs, the Winfreys, and the Maywethers.<\/p>\n The difference between a Standard Bank black card and a regular credit or debit card is not just in the color, but also in the benefits attached to the card. Usually, black cards are assigned to exclusively South African bank customers who have shown interest in the exclusive offer. Holders of a professional account and customers who want to subscribe to Standard Bank’s private banking service are also automatically qualified to have a black card.<\/p>\n The Standard Bank professional account was set up to help youths prepare for their career ambitions by making the right financial plans and investments. A professional account<\/a> with Standard Bank comes with a lot of benefits, including eligibility to receive a black card. However, aside from access to a black card, a professional account holder also has access to loans, personal banking services, and special rates.<\/p>\n To open a Standard Bank professional account and have access to all these benefits, there are certain requirements you will have to meet. The requirements for opening a Standard Bank professional account and having a black card are:<\/p>\n <\/p>\n Just like the regular credit or debit card, a professional account black card can either be a Mastercard or a Visa card. However, here are the benefits attached to a professional account black card that should make you consider opening an account with Standard Bank South Africa today:<\/p>\n The amazing offers that come with having a professional account black card are just a sideshow when you compare them with all the benefits you have access to as a professional account holder with Standard Bank.<\/p>\n Here are the benefits Standard Bank professional account holders will enjoy:<\/p>\n Standard Bank South Africa advises that you always keep your card and its details, like your PIN, safe and out of the reach of any other person to avoid any fraudulent activity on your account.<\/p>\n <\/p>\n To apply for a Standard Bank professional account and start enjoying the benefits of having the account and owning a black credit card;<\/p>\n All these amazing benefits of having a professional account and a black card are not totally free of charge. Professional account holders are required to pay a monthly maintenance fee of R215. The good side is that you ‘Pay as you Transact’, that is, you are required to pay only after using your bundled services for the month. The monthly fee also includes the Annual Diners Club Platinum Card fee and you also get back your monthly fee in your Standard Bank mobile<\/a> airtime.<\/p>\n Standard Bank private banking<\/a> is another wonderful offer by one of the biggest financial institutions in South Africa. It offers clients the opportunity to have direct access to a personal banker whom they can connect via calls, text messages, and emails at any time. Your personal banker will be responsible for giving you expert financial advice and protecting your investment portfolio.<\/p>\n <\/p>\n Private banking with Standard Bank gives you the option of choosing from a wide range of Standard Bank financial management options ranging from Standard Bank Offshore to Standard Bank Financial Consultancy. With this, you can make the right investment decisions and improve your finances using both short-term and long-term saving strategies.<\/p>\n Young professionals in various professional fields like medicine, law, IT, etc, can enjoy a monthly discount on their fee. Registering for Standard Bank private banking service also makes you eligible to be invited for tech, financial, lifestyle, and entrepreneurship events to help keep you informed about the trends in those areas.<\/p>\n The private banking service with Standard Bank was also set up with their customers’ daily banking transactions in mind, as customers also have access to banking services like a private banking current account, Diners Club Platinum Card that gives you easy access to lounges in international airports, depending on the amount you spend.<\/p>\n Customers also have access to Mastercard Platinum Credit Card and Visa Platinum Cheque Card to help them perform their daily transactions with ease. Standard Bank private banking customers also have free foreign exchange delivery to approved business locations in Pietermaritzburg, Cape Town, Gauteng, and Durban.<\/p>\n To cap it all up, Standard Bank’s private banking service also gives you access to financial assistance with products like loans for buying a house or vehicle and insurance coverage to protect you from both long-term and short-term interest rates.<\/p>\n Standard Bank always seeks out innovative ways to provide the best services to its numerous customers while also enticing prospective clients, hence, the private banking service. However, to be able to access all the benefits that come with having a Standard Bank private banking account, you have to meet all necessary criteria which include:<\/p>\n Another important thing to know before opening a private banking account with Standard Bank is that it attracts a monthly account fee of R369. For paying R369 monthly, customers will enjoy a discount on the monthly fee on a secondary account for your partner. They will also enjoy the ‘Pay as you Transact’ option after using their bundled services for the month, as well as an Annual Diners Club Platinum and All Platinum Credit Card fees. Also, you get back your monthly account fee on your Standard Bank mobile airtime.<\/p>\n Applying for a Standard Bank private banking account is very easy, and does not require you to visit a Standard Bank branch at first, as the initial processes can be done online. To apply online, you will need a gadget that can surf the internet like the one you are using to read this article right now, and an active data bundle with which you can access the internet.<\/p>\n <\/p>\n Here is how to apply for a Standard Bank Private Banking account online:<\/p>\n Just like the professional account black card, the Mastercard Platinum Credit Card or Visa Platinum Credit Card issued to holders of a Standard Bank private banking account comes with a lot of exciting features such as:<\/p>\n Standard Bank private banking account may be a bit expensive to maintain and requires so much to actually open which makes it a financial service that is accessible by the rich or some middle-class individuals, but the benefits of having a private banking account are absolutely worth the fees.<\/p>\n For a monthly for of R369, customers with a private banking account will enjoy access to the following benefits:<\/p>\n <\/p>\n You can transfer funds from your private banking account – like other regular Standard Bank accounts. But doing that from your private banking account comes at a cost. While some channels of fund transfer are free of charge, others are not. Here is a list of what you will be charged by Standard Bank for fund transfer<\/a> from the private banking account – depending on the channel you are using:<\/p>\n There are different methods of checking your Standard Bank private banking account balance, and each of these methods comes at different costs – depending on the one you choose.<\/p>\n If you are considering making a deposit into your Standard Bank private banking account, bear in mind that it comes with a cost. Here is a list of the deposit charges, depending on the method used:<\/p>\n The cost for withdrawing money from your Standard Bank private banking account will depend on your withdrawal method. Here is a detailed list of the fees associated with withdrawal from your private banking account:<\/p>\n We have mentioned above that there is a monthly fee attached to the private banking account which those who subscribe to the service would pay. However, aside from the monthly fee, there are other charges attached to the account. These are not necessarily payments for the account but for some of the features the private banking account comes with.<\/p>\n <\/a><\/p>\n Here is a list of other administration fees you may have to plan for as a Standard Bank private banking account holder:<\/p>\n Even though monthly statements of your account’s activities is sent to your email (as part of the benefits of opening a Standard Bank private banking account), if you ever have a need to get your account statement (maybe a number of months at once), it would have to cost you this much:<\/p>\n Aside from the fact that making payments with your bank credit card or cheque is easier and more convenient, Standard Bank South Africa has other incentives for using your card. The bank has made it possible that all customers with any kind of personal card, whether it’s a Standard Bank black card or not, can get rewards for making payments with their cards.<\/p>\n These rewards can be redeemed at any Standard Bank reward retailer, including KFC, Samsung, Showmax, Fresh Stop, Dis-Chem Pharmacy, and so on. The most exciting part of this offer is that customers can choose the reward they want, depending on the reward balance they have.<\/p>\n You can also decide to use your rewards to bless others by donating to a student, a charity, or a solidarity fund. For more value from making payments with your Standard Bank credit card, join the Ucount reward program by visiting the Standard Bank Ucount reward<\/a> page and signing up. You can do so by clicking on the Join Now<\/strong>\u00a0button, verifying your ID number, and following the instructions.<\/p>\n","protected":false},"excerpt":{"rendered":" One thing that keeps every kind of business going is the ability to understand the customers and offer products and services based on their needs and preferences. This is exactly what Standard Bank South Africa is doing. As a financial institution, Standard Bank understands that the financial status of their numerous customers differ from person […]<\/p>\n","protected":false},"author":34,"featured_media":233252,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_oasis_is_in_workflow":0,"_oasis_original":0,"_oasis_task_priority":"2normal","footnotes":""},"categories":[438],"tags":[],"yoast_head":"\nWhat You Need To Know Before Applying For A Standard Bank Black Card<\/strong><\/h2>\n
Requirements For Opening\u00a0 A Professional Account That Gives Access To A Black Card<\/strong><\/h3>\n
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Features Of A Professional Account Black Card With Standard Bank<\/strong><\/h3>\n
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Benefits Of Opening A Professional Account<\/strong><\/h3>\n
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How To Apply For A Professional Account To Get My Black Credit Card<\/strong><\/h3>\n
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What Does It Cost To Have a Professional Account?<\/strong><\/h3>\n
What You Need To Know About Standard Bank Private Banking<\/strong><\/h2>\n
Standard Bank Private Banking Was Designed With The Customer’s Day To Day Financial Transactions In Mind<\/strong><\/h3>\n
Requirements For Opening A Private Banking Account<\/strong><\/h3>\n
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How Much Does It Cost To Open A Private Banking Account With Standard Bank?<\/strong><\/h3>\n
How Do I Apply For a Standard Bank Private Banking Account?<\/strong><\/h3>\n
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Features Of A Standard Bank Private Banking Account Card<\/strong><\/h3>\n
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Benefits Of Having A Private Banking Account With Standard Bank<\/strong><\/h3>\n
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How Much Does Fund Transfer From Your Private Banking Account Cost?<\/strong><\/h3>\n
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How To Check My Standard Bank Private Banking Account Balance<\/strong><\/h3>\n
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How Much Does A Private Banking Account Deposit Cost?<\/strong><\/h3>\n
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How Much Does Withdrawal From My Private Banking Account Cost?<\/strong><\/h3>\n
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Other Administration Fees A Standard Bank Private Banking Account May Attract<\/strong><\/h3>\n
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How Much Does It Cost To Get A Standard Bank Private Banking Account Statement?<\/strong><\/h3>\n
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Benefits Of Paying With Your Standard Bank Black Card And Every Other Card Or Cheque<\/strong><\/h2>\n