Standard Bank Prestige Account

At JustMoney, we help you compare premium banking options to find the best fit for your financial needs. This guide covers everything you need to know about the Standard Bank Prestige Account.

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Account features and requirements

Why choose the Prestige Account?

The Prestige Banking account is an entry-level private banking solution that provides R1,000 in monthly value for just R250. It is designed for professionals and high-income earners who want premium service and exclusive benefits.

At JustMoney, we understand that choosing the right bank account is crucial for managing your wealth effectively.

Key benefits

• Dedicated banking team: 24/7 access to Prestige Bankers via the Private Client Centre
• Free Titanium credit card: Bundled at no extra cost, with enhanced rewards earning
• Airport lounge access: 6 free visits annually to Bidvest Premier Lounges and Lanseria Fluent Lounge
• Family banking: 50% discount on a secondary account for a spouse or partner, plus free (sum)1 accounts for children under 16
• Enhanced UCount rewards: Earn 3x more points with your Titanium Credit Card
• Wealth management: Free access to Standard Bank Financial Planners

Transaction fees (2025 pricing)

Deposits

Withdrawals

Card purchases and POS transactions

Payments and transfers

Statements and account services

Prestige Evolve account option

The Prestige Evolve account includes all standard Prestige benefits plus a linked credit facility for unexpected expenses. The monthly fee is R240 (R10 less than the standard Prestige account).

Evolve benefits

• Access to emergency funds through a linked credit facility
• All standard Prestige Banking benefits
• Same enhanced UCount Rewards earning potential
• Airport lounge access and lifestyle benefits

UCount rewards programme

For R25 per month, UCount Rewards members can earn points on everyday spending and redeem them for savings, fuel, shopping, and more.

Earning rewards

• Card rewards: Up to 1% back on all card purchases
• Fuel rewards: Up to R10 back per litre at participating Caltex and Astron Energy stations
• Retailer rewards: Up to 20% back at participating Rewards Retailers
• Choose your own rewards: Up to 20% back in Grocery, Fashion, or Lifestyle categories
• Enhanced earning: 3x more points with a Titanium Credit Card or Prestige Evolve Card

Redeeming rewards

• Fuel at participating stations
• Electronic vouchers for shopping
• Contribute to savings or investment accounts
• Pay down loans
• Shop at Rewards Retailers
• Fund students via the Feenix crowdfunding platform

Lifestyle benefits and perks

Travel and leisure

• Airport lounge access: 6 free domestic lounge visits annually (Fluent Lounge at Lanseria, Bidvest Premier Lounges)
• Travel discounts: Special rates on Emirates flights, IHG Hotels and Resorts, and Booking.com
• Free travel insurance: Basic cover when using the Titanium Credit Card

Family banking

• Secondary account: 50% discount for spouse or partner (R125 per month)
• Children’s accounts: Free (sum)1 account with Junior Perks for children under 16
• Junior Perks: Discounts at H&M, Uber, and Burger King

Health and wellness

• UNU Health: 5 free digital health checks, and online doctor consultations for R189
• Personal accident cover: Free cover worth R20,000

Digital banking

• Standard Bank Connect: Additional 2GB data, unlimited calls to 5 numbers, up to 50% off tech accessories (from R129 per month)
• Banking app: Full account control, money management tools, and credit health monitoring

Wealth and investment services

Standard Bank Prestige Banking provides access to comprehensive wealth management services.

Investment options

• AutoShare Invest: Low-cost platform for JSE and international investments
• Shyft: Global share trading and forex transactions
• Tax-Free Savings: Optimise your annual tax-free allowance
• Stash Account: Daily micro-savings for you and your children
• Notice deposits: Competitive rates on medium-term savings

Financial planning

• Free access to Standard Bank’s network of Financial Planners
• Offshore and onshore investment experts
• Retirement and estate planning support
• Complimentary will drafting (when Standard Trust Limited is nominated executor)

Lending solutions

• First-time home buyers: Up to 108% home loan on amounts up to R2.2 million
• Solar solutions: Preferential rates on solar loans with attorney fee discounts
• Debt consolidation: Payment holidays and loan restructuring when needed
• Personal loans: Access to competitive personal loan rates

Digital banking features

Prestige customers enjoy unlimited free access to:

• Online Banking: Full-featured internet banking
• Mobile Banking: Standard Bank app with comprehensive features
• Cellphone Banking: USSD banking
• MyUpdates: Free in-app notifications, with optional email or SMS alerts
• Cashless payments: Google Pay, Apple Pay, SnapScan, Masterpass, Samsung Pay
• Virtual cards for secure online shopping
• Tap to Pay: Contactless payments up to R500 without PIN

Offshore banking

Prestige customers may qualify for a complimentary Prestige Optimum Account (UK-based) valued at £240 per year, subject to maintaining minimum balance requirements. This provides:

• International banking access
• Savings and investment options
• Zero minimum account balance requirement
• Access to offshore and onshore experts

Eligibility requirements

To open a Prestige Banking account, you must:

• Be at least 18 years old
• Have a South African ID card or book
• Provide proof of address (not older than 3 months)
• Provide proof of income for the last 3 months
• Earn a minimum gross income of R25,000 per month

Special provision for young professionals: If you have an undergraduate 4-year degree and are 30 years or younger, the minimum income requirement is R5,000 per month.

Money management tips for Prestige customers

Maximise your benefits

1. Use your Titanium Credit Card to earn 3x more UCount Rewards points on purchases
2. Join UCount Rewards for R25 per month to unlock extra savings on fuel and groceries
3. Use free financial planning consultations to stay on track
4. Use tax-free savings to maximise long-term growth
5. Monitor your credit health regularly

Avoid unnecessary fees

• Withdraw cash at Standard Bank ATMs (free up to R5,000 per month)
• Use digital channels for payments and transfers (cheaper than branch)
• Maintain the minimum balance for PAYT pricing if applicable
• Use free POS cash withdrawals at retailers instead of ATMs
• Set up debit orders instead of manual payments

Frequently asked questions

What is the difference between Prestige and Prestige Evolve?

Prestige Evolve includes a linked credit facility for emergency expenses and costs R240 per month instead of R250. It is a good option if you want access to extra funds for unexpected costs.

Can my spouse get a Prestige account at a discount?

Yes. Your spouse or partner can get a secondary Prestige account for R125 per month (50% discount).

Are my children eligible for free banking?

Yes. Children under 16 can qualify for a complimentary (sum)1 account with Junior Perks.

What if I am a young professional who does not earn R25,000 per month yet?

If you have a 4-year undergraduate degree and are 30 years or younger, you only need to earn R5,000 per month to qualify.

How does UCount Rewards work with Prestige?

UCount Rewards costs R25 per month. With your Titanium Credit Card or Prestige Evolve Card, you earn 3x more points than with a regular debit card.

Can I bank internationally with this account?

You may qualify for a complimentary UK-based Prestige Optimum Account and access to global investing and forex tools through Shyft.

What happens if I go overdrawn?

If you have an overdraft facility, you may pay a monthly service fee of R69 (when the account is in debit by R200+). Standard Bank may also charge an honouring fee of R100 if they approve a transaction that exceeds your available balance.