Commercial Credit Card*
*Fees effective from 1 January 2017 (including VAT)
Enjoy another year of great-value banking
As South Africa’s market leader in business banking, we aim to make your life easier and more convenient, and to add value to your banking
experience. We are therefore pleased to inform you that we have been able to keep our annual fee increases to a minimum.
This pricing guide outlines our commercial credit card (“Card”) services and service costs in more detail. The fees in this schedule are effective
from 1 January 2017, include VAT and are subject to change.
Make the most of our value-added services
Your commercial credit card gives you complete control over your travel, entertainment and other expenses. With its range of exceptional
features and benefits, your commercial card offers you convenience, security and peace of mind. These features and benefits include:
• Up to 55 days’ interest-free credit, which allows you to manage your cash flow more effectively.
• Basic automatic travel insurance cover of up to R1 million when travel tickets are purchased on the card, and international emergency
assistance if you are under the age of 75 years.
• International acceptance at more than 30 million merchants and 900 000 ATMs worldwide.
• Free lost-card protection.
• Detailed statements to facilitate your dealings with the South African Revenue Service.
• Access to MasterCard® Smart Data Online (SDOL Gen2) or Visa Intellilink, web-based expense management tools which
allow you to manage and track your business expenditure.
• The services of a dedicated support team and a priority call centre.
Advanced fraud protection
In addition to the ‘Chip and PIN’ security feature on your commercial credit card, Standard Bank Card Division uses a
world-class fraud detection system to identify questionable transactions, based on variations in your conventional
spending profile. This technology detects fraud with pinpoint accuracy through proven neural network models and
other proprietary predictive technologies.
Corporate Liability Waiver (CLW)
CLW is a valuable benefit for the holders of commercial credit cards as it gives you protection against losses
that may be incurred through card misuse. The CLW is managed by VISA and MasterCard, and provides
cover against fraud or dishonesty by an employee, for example in situations where:
• the business has paid the bill but has been unable to obtain reimbursement from the employee; and
• the bank has billed the employee directly and the business has reimbursed the employee but the
employee has not paid the bank.
SAVE with an Automatic Payment Order (APO)
Paying with an APO means you will never be late with a payment and incur credit expenses.
Enjoy the benefits of electronic banking
Switching to electronic banking will not only save you time and help you to reduce
your bank charges, but will also help you manage your business more effectively. Our
self-service banking channels, including Business Online, Internet Banking and our
ATM network, are available 24 hours a day, 365 days a year, giving you access to
information and enabling you to transact when it is most convenient for you.
You can also view your card information easily and conveniently through Internet
Banking, as well as on your mobile and tablet.
Zero interest
No interest will be charged if payments are made on time and settled in full.
No interest is paid on credit balances.
Contact us
If you have any questions about this year’s pricing, or the services
we offer to keep your business moving forward, please call
0860 999 002, email us at:
[email protected], or speak to the
Business Banker at your Standard Bank branch.
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Commercial Credit Card* continued
*Fees effective from 1 January 2017 (including VAT)
Description of service fee or product
Initiation fee
R1 050,00
Annual service fee: Accounts opened prior to 1 January 2010
1 to 50 cards
R360,00
51 to 100 cards
R295,00
More than 100 cards
Free
Annual service fees: Accounts opened post 1 January 2010
1 to 50 cards
R360,00
51 to 100 cards
R295,00
More than 100 cards
R180,00
Aviation card
R360,00
Travel Lodge cards
R360,00
Procurement card
R448,00
Garage card
R360,00
Transactional fees for 2017
Cash withdrawals
Transaction type
Branch
Standard Bank ATM
Base fee
Fee based on value
R40,00
2.20%
Free
1.80% per 100
R6,70 Sasswitch fee
1.80% per 100
R50,00
1.95%
R100,00
0.65%
R70,00
–
Electronic account payment
R4,70
0.73% Max R18,30
Electronic inter-account transfers
R5,00
–
Other banks ATM
International cash withdrawal
Payments and Transfers
Branch account payments
Branch inter-account transfers
Cash and Cheque Deposits
Cash deposits
ATM
Branch
Cheque deposits
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One free thereafter R4,00 + 0.90%
R0,01 up to R9 999,99 – R7,00 plus 1.95%
R10 000 up to R9 999,99 – R7,00 plus 1.60%
R100 000,00 or more – R7,00 plus 1.27%
R85,00
Commercial Credit Card* continued
*Fees effective from 1 January 2017 (including VAT)
Fees
Penalty fees
Arrears fee (After 60 days of Delinquency)
R55,00
Honouring fee (Over limit)
R130,00
Late payment fee (Missed due date payment)
R145,00
Decline at POS due to insufficient funds
R7,90
Cash withdrawal decline due to insufficient funds – Standard Bank ATM
R2,80
Cash withdrawal decline due to insufficient funds
– other banks ATM
R5,20
Other fees
PIN reset at branch
R4,24
PIN reset at ATM
Free
Commercial garage card Transaction fee
R5,40
Toll gate transaction fee
R 1,06
My updates
Free
Visa intellilink and MasterCard (SDOL Gen )
R3,00
International currency conversion fee
2.75%
2
Provisional statements
Statements
AutoPlus
Branch
First free thereafter R5,00
R20,00
Transactional history statements
30 days
R20,00 per statement
60 days
R40,00 per statement
90 days
R60,00 per statement
120 days
R80,00 per statement
150 days
R100,00 per statement
180 days
R120,00 per statement
210 days
R150,00 per statement
240 days
R180,00 per statement
360 days
R300,00 per statement
Balance enquiries
Standard Bank AutoBank/AutoPlus
R1,50
In branch
R7,25
Other bank’s ATM
R5,50
Card replacement
Local
R137,80
International
R324,00
Emergency
R424,00
Retrieval of vouchers
Local
International
R70,00
R240,00
Delivery of credit card by courier
Branch
R70,00
Face to Face
R208,00
International
R257,00
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Commercial Credit Card* continued
*Fees effective from 1 January 2017 (including VAT)
Travel Insurance
Automatic Travel Insurance
1 – 90 Days
3 months up to 75 years of age
Free
Corporate International Optional Upsell Cover
(including pre-existing medical conditions cover)
Per Trip: 1 to 30 days
Per Trip: 31 to 90 days
Mandate: 1 to 90 days
Corporate Local (Optional Upsell Cover)
Option 1
Option 2
Option 3
R735,00
R910,00
R1 020,00
R1 215,00
R1 425,00
R1 590,00
R2 570,00
R3 130,00
R3 505,00
R660,00
R820,00
R920,00
Corporate
Local
Per Trip: 1 to 30 days
R300,00
Per Trip: 31 to 90 days
R470,00
Corporate Seniors Optional Upsell Cover
(76 years up to and including 85 years of age)
Corporate
Corporate
Local
International
Per Trip: 1 to 30 days
R1 320,00
R1 320,00
Per Trip: 31 to 90 days
R1 950,00
R1 950,00
Option 1
Option 2
Option 3
R2 065,00
R2 420,00
R2 750,00
Corporate Annual Frequent Flyer
Optional Upsell Cover
Annually: 1 to 90 days
Internet Banking
Viewing your card information is conveniently avilable on the Standard Bank Internet Banking, mobile
and tablet.
It’s all about moving you forward
As your bank, we are committed to delivering products and services that offer you real value
for money. If you have any questions about pricing or any of our other services, please call the
Commercial Card help desk on 0861 001 030, or email us at [email protected]
Other important contact details:
Lost or stolen cards – 0800 020 600/011 299 4114
Report Fraud – 0800 301 450/011 241 1450
e-statements – [email protected]
Travel Insurance Call Centre – 086 111 4494
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