InstantMoney from Standard Bank is a money transfer facility that allows people to send money to another person whether they are a Standard Bank customer or not. The recipient can access the funds through an ATM, cellphone (USSD), internet or AccessPoints.
InstantMoney works with various partners that will help you with sending or receiving money and these includes Spar, Choppies, Pick n Pay, Rhino Cash & Carry, Cambridge Foods, Saverite Supermarket and Standard Bank.
Why choose InstantMoney from Standard Bank?
InstantMoney from Standard Bank is a convenient way of sending money to your loved ones securing and instantly. One of the advantages of using this facility is that the recipient only needs a cellphone number to access the funds, and don’t have to necessarily have a Standard Bank account.
Once the money is sent the recipient can get it instantly, so you don’t have to wait long periods for any bank clearances and so on, you get it there and then.
How InstantMoney from Standard Bank Works
To send money using InstantMoney from Standard Bank you can simply go to any of the retail shopping partners with your South African ID and give their tellers the amount of money you want to send.
The teller will assist you with the transaction and will confirm the cellphone number of the recipient and ask you to provide a four-digit security PIN which you will give to the recipient to use.
The recipient will get a notification via SMS informing them about the money sent and they will use the security PIN you provided them to access the money at any Standard Bank ATM machine.
With this money transfer facility, you can send as much as R5 000 a day and a maximum amount of R25 000 a month, and you can also use internet banking or cellphone banking to also send money using this facility.
InstantMoney from Standard Bank Contact Details
For more information on how the InstantMoney from Standard Bank works you can visit their website www.instantmoney.co.za and read up more details from there.