Standard Bank Private Banking bliss

  • Leo

    Thanks! Apart from paying R285 per month, are there special qualifying criteria before you can join this slightly more inner circle?

  • Leah

    As a young proffessional, I’ve been with prestige banking for just over a year now and have had nothing to complain about, have had exceptional service through my banker. I now have been invited to join SBSA private banking but feel as though this is a bit too much “effort” since I am so comfortable with my current banker. Due to the fact that I graduated less than 3 years ago and am under the age of 35 I’ve been offered the following:

    Pricing – R125 per month
    Unlimitd electronic transactions
    Unlimited cellphone topups
    8 autobank cash withdrawals at SBSA atms
    2 autobank cash deposits at SBSA atms
    2 bank issued and 2 deposited cheques
    Free stop peyments, lost card protection fraud prevention etc
    Free internet and cellphon banking
    Free sms notifications
    Free annual platinum Mastercard Credit card
    Free annual Platinum cheque card
    Free annual diners club charge card fee
    2 send money transactions.

    Is it really worth changing to Private banking? I thought the invitation to join was kind of “weird” since I assumed my prestige banker would offer me the best and inform me if I was not on th best account…my prestige banker is also completely unaware that I’ve been approached by private banking to “upgrade” my account.

    • I would suggest joining it. The only time you truly start appreciating Private Banking is when you urgently require something and in those instances you will find that Prestige Banking has become too mainstream you will not get superior service (I think that Prestige Banking worked well 4-5 years ago, and Private Banking is “the new” Prestige Banking).

      If you travel a lot or have specific issues, you direct those to your Private Banking (regardless if it is during or after office hours or on weekends) and can be assured that those issues will be addressed without you having to constantly follow up.