Your quick-reference guide to international banking
Learn more about Standard Bank international accounts, our fees, and how taxes and our regulatory position affects you.
Interest payments
Interest is applied to applicable accounts at various stages throughout the year.
- Strata Account: Quarterly on the last business day in March, June, September and December
- Corporate Call Account: Quarterly on the last business day in March, June, September and December
- Strata Notice Accounts: Quarterly on the last business day in March, June, September and December
- Fixed Term Deposits: On maturity
- Offshore Moneymarket Call Account: Monthly
- Offshore Reserve Savings Account: Half yearly on the last business day in February and August
- International Saver Notice Account: Annually, on the last business day in June
Negative interest
Market conditions may result in negative interest being applied to accounts:
- This means that instead of earning interest on money in an account, you will be charged a fee based on the full balance of your account
- The total interest deducted from your account will be shown on your statement as ‘negative credit interest’
Please read the General Terms and Conditions document, Clause 6.21 if you require any clarification.
Transaction charges and fees
When you provide a payment instruction to us, you will have the option of selecting one of three charging options:
- SHARED – This means that you will pay Standard Bank’s charges, but any agent or correspondent bank charges that are incurred en route will be deducted from the payment amount. “Shared” is the default if another charge option is not specified.
- REMITTER (OUR) – All fees will be charged to you as the sender. This means that you will pay Standard Bank’s charges and any fees charged by the receiving bank and any correspondent bank*.
- BENEFICIARY – All fees will be charged to the receiver. This means that any charges levied by both sending and receiving banks will be deducted from the amount of the payment, together with any agent and correspondent bank charges that the payment incurs en route.
*A correspondent bank may at its own discretion deduct its charges from remitted funds, even if you selected to pay all fees upfront.
Effective 1st January 2025, in accordance with our terms and conditions, the following changes will be made.
We will no longer accept cheques in a non-sterling currency, or drawn on a bank outside the UK, Channel Islands or Isle of Man. In the event of an exception, the charge will now be £50 or currency equivalent.
The fee for non-Sterling electronic transfers overseas via Internet Banking will increase from ZAR 300 to ZAR 350.
Please see our Charges for Banking Services sheet for details
Find out about all personal and corporate fees and charges on current and related accounts.
Payment fees in minor currencies
Sterling Electronic Fund Transfers processed online within the UK are free
| Currency / Payment type fees | Electronic transfer overseas | Correspondent bank fee added to the payment fee if charge type is Remitter | ||
|---|---|---|---|---|
| Internet payments | Standard payments | For payments into US Dollars | For payments into Euros | |
| AED | 70 | 320 | 60 | 38 |
| CAD | 25 | 85 | 22 | 14 |
| CHF | 15 | 95 | 16 | 10 |
| DKK | 130 | 425 | 105 | 70 |
| HKD | 145 | 650 | 125 | 80 |
| JPY | 3 120 | 9 000 | 1 870 | 1 200 |
| NOK | 205 | 450 | 135 | 85 |
| NZD | 30 | 110 | 24 | 15 |
| SEK | 200 | 550 | 135 | 85 |
| SGD | 25 | 125 | 23 | 14 |
Tax forms and certificates
Download and complete forms needed for your tax filings:
If you have requested that we send you a tax certificate, we will send it to you by email shortly after the tax year end, based on your country of tax residence. If we do not have an email address, we will post it to you.
Regulatory compliance
The Standard Bank Offshore Group, and Jersey and the Isle of Man wholly owned subsidiaries, has its registered office at Standard Bank House, 47-49 La Motte Street, St. Helier, Jersey JE2 4SZ.
Standard Bank Isle of Man Limited is licensed by the Isle of Man Financial Services Authority under the Financial Services Act 2008.
Deposits made with Standard Bank Isle of Man Limited are covered by the Isle of Man Depositors' Compensation Scheme as set out in the Depositors' Compensation Scheme Regulations 2010.
Standard Bank Jersey Limited is regulated by the Jersey Financial Services Commission to conduct deposit taking business under the Banking Business (Jersey) Law 1991 and investment business and fund services business under the Financial Services (Jersey) Law 1998.
Standard Bank Jersey Limited is a participant in the Jersey Bank Depositors Compensation Scheme.
The Standard Bank Offshore Group is compliant with the Foreign Account Tax Compliance Act, a US legal and regulatory requirement designed to ensure that US taxpayers pay US tax even if their assets and US source income are channelled through non-US jurisdictional accounts and entities.