How Standard Bank Instant Money Works

How Standard Bank Instant Money Works

Standard Bank Instant Money is  safe reliable way to send money to anyone with a cellphone number in South Africa. You can withdraw this money, send it to someone else, or buy services like airtime and electricity.

Benefits of using Standard Bank Instant Money:

  • Affordable: Sending money costs only R9.95 and the recipient pays nothing at all.
  • Convenient: You can send money from Standard Bank ATMs, via the banking app, online banking, cellphone banking or through our retail partners if you are a Standard Bank customer or just from our retail partners if you are not a Standard Bank customer. The recipient can get their money from ATMs and our retail partners.
  • Fast: Your money is delivered instantly to a South African cellphone number.
  • Trusted: More than 2 million people across South Africa use Instant Money every month.
  • No bank account: Neither the sender or recipient needs a bank account.

You need the following to start using Instant Money

  • The sender must have a South African ID
  • The recipient must have a valid South African cellphone number


How to send and receive money

  • If you are a Standard Bank customer, you can send InstantMoney via our ATMs, online banking, cellphone banking or the banking app. You can also send money from participating retailers:

SPAR selected stores

Makro

Builders Warehouse selected stores

Game selected stores

Cambridge

Choppies

  • You can redeem an Instant Money voucher at participating retailers or Standard Bank ATMs.

 


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