Help lighten the power load

South Africa is in the grip of another cold winter and with it an exaggerated shortage of power. We can all make a difference by choosing not to run geysers and big applicances like ovens, stoves and washing machines in the between the critical hours of 5pm and 9pm.

For families it does mean thinking differently, such as cooking suppers earlier and keeping it warm in a Wonderbag ( For the longer term you may consider switching to gas for cooking or solar for water heating.

In the year since Standard Bank first launched UCount Rewards, we have remained committed to bringing our members great deals that truly add value to their daily lives. Constantly refining and evolving the programme to fit into your life, we have some new developments we’d like to share and explain.

Explaining the new Unutilised Facility Fee for Business Accounts

As a trusted business partner, Standard Bank believes it has a role to play in ensuring that our customers get the best value possible from our financial solutions – this includes avoiding charging our customers unnecessary fees.

It has become necessary to introduce a fee to our Business Banking overdraft facilities . The fee charged will be used to cover our continuous cost of capital which, in terms of existing regulations, has to be reserved against unused overdraft facilities.
What is the impact of this?

Get #snappy with SnapScan

Few of us can say we aren’t attached to our phones, they are an indispensable part of our daily lives. There are apps for everything from smart diaries to smart banking. Now with SnapScan, you can have access to your wallet Its the new and convenient way to pay for your purchase with your smartphone.

It’s an app that offers a convenient, safe and secure way for South Africans to transact.

FICA in the spotlight

The South African Reserve Bank has taken a closer look at whether South Africa’s banks have the right administration controls in place to effectively fight money laundering and combat the financing of terrorism. These controls are laid down in the Financial Intelligence Centre Act, No. 38 of 2001, better known as FICA.

While a number of banks where found to have some shortcomings – and were fined as a result – none of these banks have in this Reserve Bank investigation been in any way implicated in facilitating transactions involving money laundering and the financing of terrorism.

Your Easter road trip checklist

Make your journey part of the adventure this Easter weekend by ensuring you have everything you need for a safe and comfortable road trip. Collect and redeem UCount Rewards points on everything from padkos to first aid supplies. Here’s how:

1. Plan your route

Credit Information Amnesty: it’s not a joke

Good news for some people is that tomorrow (1 April) South African credit bureaus will remove all past adverse credit information they may hold on you. But what exactly does this all mean to you? And what information will stay on your record? How will banks know if you can afford to repay your credit? Does the amnesty mean I don’t have to repay my loans?

Very important: The Credit Information Amnesty does not mean that your debt will be wiped clean. You still have to repay all your loans.

Raising the standard on radio

Educating our customers on financial solutions has always been a top priority and we have achieved this by using the power of radio through our very first radio series, ‘Iketsetse-Zenzele.’

Our show has been so successful that it has been recognised by the Radio Advertising Bureau of South Africa (RAB) for outstanding use of the radio medium.

Focus on getting learners into higher education

Despite having the potential to succeed at university, many learners do not achieve sufficiently high results on their school-leaving examinations to be considered for admission to university. Standard Bank South Africa is funding a project that is increasing the number and quality of learners entering into South African universities.

The R5,7-million funding will go towards further implementation, monitoring and evaluation of the National Benchmark Tests project.

Making you #appy

Last night we were the talk of South Africa: we were even trending on Twitter. It was not because of the glitzy event attended by wonderful people. The star attraction was the new banking app that offers greater flexibility, brings new functionality and is set to transform the banking experience of South Africans.

The app (we like to think of it as #appy) is the start of a new digital journey for Standard Bank Group. One that starts in South Africa and will make its way north into other countries in which we offer our services.

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