How to do Standard Bank Immediate Payment



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Standard Bank Pay and Clear enables one to make an immediate payment from a Standard Bank account to another bank account. Immediate Payments or Real Time Clearance, is the ability to pay a beneficiary at another bank within 60 seconds. Immediate Payments can only be made between 06:00am to 17:00pm and up to value of R200 000 (R10 000 on the Beta App).

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How do I make a Standard Bank Immediate Payment?

  • Make sure you have the most updated version of the Mobile Banking App,
  • Sign on to the Banking App,
  • Select Transact,
  • Select Pay People,
  • Either select Once-off payment, add a beneficiary or select an existing beneficiary,
  • Select account number from which payment must be made
  • Enter the amount of payment,
  • Slide button next to Immediate Payment to Right,
  • Confirm payment details.

 



What is the Fee for an Immediate Payment?

The fee is R50 per transaction.

 

Will I be charged per transaction?

Yes.

 

Can I make an immediate payment to any other bank?

Immediate Payments can be made from a Standard Bank account  to the following participating banks in South Africa:

  • ABSA
  • African bank
  • Albaraka bank
  • Bank of China
  • Bidvest Bank
  • BNP Paribas
  • Capitec
  • China Construction Bank
  • Citibank
  • Discovery Bank
  • Finbond Mutual Bank
  • FNB
  • Habib Overseas bank
  • HBZ bank
  • HSBC
  • Investec
  • JP Morgan Chase Bank
  • Mercantile Bank
  • NedBank
  • PostBank
  • Sasfin Bank
  • Standard Chartered Bank
  • State Bank of India
  • The SA Bank of Athens
  • U Bank