The Standard Bank Student Achiever Account is designed to help students manage their finances while enjoying exclusive perks and affordable banking.
Tip: Building good savings habits early can set you up for long-term financial success.
What you get for R12 per month
For only R12 per month, you’ll get:
- Free ATM cash withdrawals up to R1,000 per month at a Standard Bank ATM.
- Free ATM cash deposits up to R1,500 per month at a Standard Bank ATM.
- 10 free electronic debit transactions per month.
- Unlimited free swipes at retail stores.
- Unlimited free balance enquiries and mini statements.
- Free access to internet banking, cellphone banking, and the Banking App.
- Free Shyft card with 0% commission.
- Preferential interest rates on student loans.
Student Achiever Account fees 2026
Fees are effective from 1 January 2026 and include VAT at 15%.
Fee type | Amount |
Age requirement | 16 – 25 |
Monthly administration fee | R12 |
Fee for 24 years and older | R70 |
Standard Bank ATM withdrawals | Free up to R1,000/month, thereafter R2.80 per R100 |
Other bank ATM withdrawals | R2.80 per R100 |
Branch withdrawals | R100 + R5 per R100 |
Standard Bank ATM cash deposits | Free up to R1,500, thereafter R1.80 per R100 |
Branch cash deposits | R100 + R5 per R100 |
Account payments via online banking or ATM | R2 |
Inter-account transfers | R5 |
PayShap | R2 |
Debit order | R3.50 |
Immediate payments below R100 | R2 |
Immediate payments from R100 – R1,999 | R7 |
Immediate payments of R2,000+ | R50 |
Card swipes / cashback | Free |
International purchases | 2.75% of value |
Instant Money below R500 | R10 |
Instant Money from R500 – R999 | R20 |
Instant Money of R1,000+ | R30 |
Online statements up to 6 months | Free |
ATM statement | R10 |
Card replacement | R160 |
Unpaid debit orders after first 3 | R130 each |
Frequently asked questions
Who qualifies for this account?
Students between the ages of 16 and 25 qualify. You’ll need proof of student status when applying.
What happens when I turn 24?
Customers aged 24 years and older will be charged R70 per month instead of R12.
How do I save on fees?
Choose point-of-sale cashback withdrawals instead of ATM withdrawals to save on fees. You can also download monthly bank statements for free on the Banking App instead of paying R10 at the ATM.
Can I get a student loan with this account?
Yes. Standard Bank offers preferential interest rates on student loans for Student Achiever Account holders.