Private Banking Account
Get expert advice on investments, bespoke wealth management from Melville Douglas, and 24/7 support from a dedicated private banker.
R420
Monthly Fee
R58000
Monthly Income Required
What you Get
Private Banking
- Platinum Credit Card included.
- Platinum Optimum Offshore bank account with a Visa debit card included. Save £240 a year on the monthly account fees. No minimum deposit and no ongoing minimum balance.
- Dedicated private banker with 24/7 access to the private banking team.
- Bespoke portfolio management on request by Melville Douglas.
- Access to a team of dedicated Offshore and Onshore savings and investment experts.
- Discounted rates through our Online Share Trading platform.
- Buy, send, sell and spend foreign currencies anywhere in the world with our free forex Shyft app
Credit Card
- 12 Complimentary visits a year to Bidvest airport lounges on your credit card.
- Get more UCount Rewards Points when using your credit card.
Invest & Insure
- Bespoke portfolio management on request by Melville Douglas.
- Get advisory services where you can get a free simple or complex Will, tax planning, financial planning and estate planning.
- Take out a Liberty Lifestyle Protector and a Liberty Investment and get up 40% of your premiums back every 5 years.
Travel & Lifestyle
- 12 Complimentary visits to our OR Tambo Library Lounge for yourself, one guest and kids under the age of 2.
- 12 Complimentary visits to the Standard Bank Fluent Lounge at Lanseria International airport.
- Up to 20% off on Emirates flights* when you book through Leisure Desk.
- Up to 20% off your next car rental with Avis for international rentals.
- Up to 10% off your next local car rental with Rentalcars.com.
- Get 15% discount on IHG Hotels & Resorts across Europe, Maldives, India, Middle East & Africa
- Get up to 5%* cashback when booking your hotel and accommodation on Booking.com.
Rewards
- UCount membership at R25 per month.
- Qualify for UCount Rewards Tiering Points** when you open your Platinum Optimum offshore bank account
Family Banking
- 50% off the monthly account fee for your partner.
- Free (sum)1 Account for your children.
Connect:
- Standard Bank SIM Card for R60 a month and get R395 back in airtime/data.
- Get up to 2GB in data monthly on your SIM Card with UCount.
Smart Home
- Get a solar power back up system from LookSeefrom just R1 599 per month and get a guaranteed 20 000 in UCount points.
- Pay zero upfront fees and enjoy low interest rates.
- Finance via Home Loan, Term Loan or Credit Card.
T&Cs apply.
**Based on your offshore balances.
***All kids under the age of 2 are allowed free access to our airport lounges.
Card Features
- Secure chip and PIN enabled card
- Global Mastercard or Visa acceptance and ATM network
- Access to Mastercard or Visa offers, insurance and 24/7 emergency services contact centres*
- Link your card to the SnapScan, Google Pay, Apple Pay, Samsung Pay or Masterpass app to pay by phone
- Automatic lost card protection
- Activate or disable till point, ATM and online card functionality using our Banking App
- Shop online with 3D secure verification
What it Costs
- R395 monthly fee
- Discounted monthly fee on a secondary account for your partner
- Pay as you transact only after using your bundled services for the month
- Annual Diners Club Platinum and Platinum Credit Card fees included
How to Get it
Apply on the Standard Bank website:
- Complete the Call me back form or visit your nearest branch and bring along the relevant documents
Apply on the Standard Bank Banking App:
- Download the Banking App and click tap on the ‘Open an Account’ button
- ‘Everyday Banking’ and select ‘Private Banking’
- Enter your details on the form and ‘Submit’
- One of our Private Bankers will be in touch with you to complete your application.
What you’ll need:
- Monthly income of R58 000 or more, or an investment of at least R3 million
- Your South African ID (or passport if not a South African citizen)
- Proof of income
- Proof of residence not older than 3 months
GK Benefits
- Attorney discounts with certain attorneys < R2mil – 35%, ≥ R2mil – 50%, Waiving of initiation fee R6032. additional rate benefit to apply approx. 35bps (better rate to apply) On NEW home loans
- 5% Discount on New Flexi Life Cover Policies
- 5% Discount on New Funeral Cover Policies