How to open a savings or investment account online
From saving for a dream holiday to laying the financial groundwork for a comfortable retirement, a savings or investment account is the starting point for reaching both your immediate short-term aspirations and long-term financial independence.
These accounts provide a dedicated place for your money to grow: whether through earning interest in a savings account, dividend payouts from investments, or the potential for capital appreciation in the market, the right account can help achieve your money goals.
While the idea of setting up such an account might seem like a complex process, the reality is refreshingly simple and accessible.
Simple, seamless, safe
Gone are the days of lengthy branch visits, sacrificing your Saturday and stacks of paperwork; you can now open a savings or investment account in seconds, directly from our Banking App or via Online Banking.
Not only is the initial setup easy and convenient, but you’ll also be able to access and manage your account at your fingertips, anytime, anywhere.
Our accounts come with various benefits, including flexible terms, guaranteed capital, no monthly fees* and competitive rates. Whether you are an existing Standard Bank customer or looking to open your first account with us, you can apply for your new savings and investment account from the comfort of your home. Here’s how:
If you are an existing Standard Bank customer
| Apply via Online Banking | Apply via our Banking App |
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If you don’t bank with us, you can apply at any of our branches.
Ensure that you have the following documents ready:
- Your South African ID (or passport if you’re not a South African citizen)*
- Proof of residence not older than 3 months
*Minors will need the consent of a parent or guardian.
Explore our range of savings and investment products to help you choose the account best for your needs and goals.
Frequently asked questions
How do I create an Online Banking profile?
If you have a Standard Bank account, you can register your online profile by clicking on the sign-in button at the top of this page. Then click on ‘Internet Banking’ and follow the prompts to register.
How do I download the Standard Bank App?
You can download the Standard Bank App from your app store: Google Play, App Store or AppGallery.
How do I access my account?
Once your savings or investment account is open, you can conveniently access and manage it 24/7 through Online Banking or our Banking App.
Is my money secure when opening an account online?
Protecting your financial assets and personal data is our top priority. Our Online Banking and Banking App systems are uniquely encrypted and use multi-factor authentication to safeguard your information, access and transactions.
Visit our Security Centre for more information on our security features and tips for banking safely and fraud prevention.
*Terms and conditions apply
Disclaimer: This article is solely intended for information. It does not constitute financial, tax or investment advice or recommendation. Please speak to a financial advisor or registered financial professional before making any financial decision(s).
Standard Bank, its subsidiaries or holding company, or any subsidiary of the holding company and all of its subsidiaries make no warranties or representations (implied or otherwise) as to the accuracy, completeness or fitness for purpose of the information provided in this article or that it is free from errors or omissions.
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