Guiding consumers since 2009

Downtime for Standard Bank customers

By Staff Writer
Standard Bank customers will not be able to perform certain banking activities and transactions for several hours on the 15th March as the bank will undergo a systems upgrade.
 
“This will affect the ability of our customers to perform certain banking activities and transactions throughout the day, starting from 01h30 to 23h00 on Sunday evening,” said the bank in a statement today.
 
This is not the first time that Standard Bank customers have suffered from a downtime. Back in September customers were left furious and frustrated when systems were down resulting in customers unable to transact.
 
Customers will still be able to make cash withdrawals and deposits at ATMs and be able to use their Standard Bank debit, cheque or credit card to make payments. However the following services will be affected:
 
  • Limited access to telephone banking
  • Limited services available to customers at Standard Bank branches and via the customer call centre
  • Delay in statements and notifications
  • Customers will not be able to access Standard Bank’s Banking App, Internet Banking, and cellphone banking
  • Customers will not be able to do online card transactions
 
“We understand that banking plays an essential part of everyday life. With the nature of how customers engage with banks changing significantly, it’s therefore imperative for Standard Bank to play a key role in this ever changing environment,” said Funeka Montjane, Standard Bank’s chief executive: personal and business banking, South Africa.
 
“In order to create, update and introduce new functionalities, solutions and services that will empower and enrich customers, we need to change how we do banking. This means upgrading our systems capability and technical support to effectively implement and manage the process, resulting in planned downtimes.”
 
To ensure that the downtime has minimal impact on banking activities, Standard Bank advises that customers plan ahead by doing the following:
 
  • Making payments or doing banking transactions via Internet Banking, cellphone Banking and the Banking App before Sunday, 15 March.
  • Transferring any required money to relevant accounts ahead of time.
  • Topping up airtime and electricity before the weekend in order to avoid any shortfall.
  • Although customers will be able to use their debit or credit card to make purchases, it is worthwhile for customers to consider withdrawing cash to have on hand.
 
“We understand the frustration and impact to customers that disruptions to services have and apologise in advance for the inconvenience. We ask customers to please bear with us during this time as we work on upgrading our banking facilities with the aim of delivering improved services to our customers,” said Montjane.
 
For queries, customers are free to contact Standard Bank’s call centre on 0860 123 000.
 

Recent Articles

Featured Who should be the main member on your medical aid?

Medical aid plans are designed to accommodate families. But if you have two adults on the same medical aid plan, how can you decide who should be the main member?

Your retirement savings could be the key to owning a home

Many people would love to become home owners but don’t know or have the means to do so. However, there are many ways, and one of them includes using your pension or retirement savings to secure a home loan.

Can your credit life cover be increased?

Perhaps you have credit life cover. But will the amount you pay for this remain constant or fluctuate? Credit life cover can protect you when you’re no longer able to pay your instalments. But this does not mean that you need to be overcharged for it. We find out more about this.

How to choose the right loan for your unique needs

You may find yourself in a situation where you’d like to take out a loan. But did you know that there are different kinds of loans, and that one loan is not suitable in all instances?

Deals

Get 10 pieces of chicken for R75 at KFC

Price: R75
When: Tuesdays
Where: Nationwide

Debonairs Get 2 for Iklipa Special

Price: R99.90
When: Daily
Where: Nationwide

Indaba Hotel Christmas Lunch Special

Price: R595
When: Until 25 December 2020
Where: Johannesburg


Latest Guide

Guide to debt rehabilitation solutions