Frequently asked questions for international students
If you are coming to South Africa to study, you probably have a lot of questions. From applying for a study visa to which bank account you can open, here are some answers to help get you started.
Which bank account is suitable for international students?
As an international student, you can apply for a MyMo Account. MyMo provides a comprehensive digital banking experience for only R6.95 a month.
What documents do I need to apply for a MyMo Account as an international student?
You would need:
- A valid passport
- A valid study visa or asylum seeker document
- Proof of residence
How can international students open a MyMo Account?
You can open an account at any Standard Bank branch when you arrive in South Africa.
How long does it take for my account to be active after applying?
Your account is active as soon as you’ve completed your application process in a branch. You can start shopping immediately by creating a virtual card on the Banking App while you wait for your gold card to be delivered to your nearest branch.
What happens to my account when I leave the country?
We can convert your account to a non-resident account. Simply visit one of our branches before leaving the country, and we will assist you to make this change.
What are my banking options if I remain in South Africa after my studies?
You have a range of banking options. Visit our foreign nationals page to find out more.
Can I use my Stanbic account in South Africa?
No, you will need to open an account in South Africa at a branch when you arrive in the country.
How can I transfer money into my MyMo Account?
You can add funds into your account by doing a cash deposit, international or local electronic transfer.
Do international students qualify for student loans in South Africa?
No, we unfortunately don’t offer student loans to international students, but you can explore different scholarships and bursaries available in South Africa.
Learn more about what you need to know about bursaries and scholarships as an international students.
How do I apply for a study visa?
You can apply for a study visa by completing the BI-1738 form at a Visa Facilitation Services (VFS) Centre. Alternatively, you can apply at your nearest South African embassy, mission or consulate.
Learn more about how to apply for a study visa and the documents you’ll need.
Where can I find help with my visa application?
Visa applications are done at the Department of Home Affairs or embassies/missions.
We’ve partnered with Xpatweb to offer assistance at discounted rates for Standard Bank customers. For help with visa applications, please send your request to [email protected] or call 011 467 0810.
Does changing universities impact my study visa?
Yes, your visa is only valid for the learning institution for which your visa was issued. If you change academic institutions, you will need to apply for a new visa. You can complete the new application while you’re in South Africa.
Can I rent property while I am on a study visa?
Yes, you can. To rent property, you’ll need a valid study or work visa.
Can my family join me in South Africa while I'm on a study visa?
Yes, they will have to apply for the relevant visa to enter South Africa.
Can I qualify for permanent residency through a study visa?
No, unfortunately not. You will have to change your visa to a work or business visa, and have a valid offer of employment. You can complete the application while you’re in South Africa.
Is a medical aid compulsory?
Yes, South African legislation states that all international students in South Africa require medical cover with an approved medical scheme for the duration of their studies.
Can I find a part-time job while studying?
Yes, however, you can only work part-time for a maximum of 20 hours per week. Should you work more hours per week, you’ll have to apply for a work visa.
Will I be required to pay tax in South Africa if I work part-time?
You will only be required to pay tax to the South African Revenue Services (SARS) should your gross income for the tax season (1 March - 28 February) exceed a certain threshold.
The threshold is subject to change every year. For more information about how personal taxation works in South Africa, you can visit the SARS website.
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