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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