Paying more than R110 for your banking? Time to switch to Standard Bank’s new MyMo Plus account
There are many things that people take into consideration when choosing a bank account. Among them is value.
Those of us who are looking for a better understanding what we are paying towards our banking or looking for a simple and transparent banking solution, its time to switch to a MyMo Plus account.
Standard Bank has introduced MyMo Plus - an account that gives customers a range of benefits coupled with the certainty that you will not be surprised by unexpected banking fees.
“Standard Bank offers a wide range of banking features that help customers save on fees,” says Tshiamo Molanda, Head of Everyday Banking at Standard Bank. “We want give our customers assurance on what they are paying for and they are receiving back on the MyMo Plus account.”
MyMo Plus is Standard Bank’s new transactional account, which helps customers stay in control of their finances by providing them with access to a wide range of benefits with a set fee.
These benefits include:
- FREE cash withdrawals of up to R5 000 per month at any ATM (limited to two at non-Standard Bank ATMs)
- FREE cash deposits of up to R5 000 per month
- FREE UCount Rewards subscription (usually R25 per month)
- FREE pre-paid purchases (data, airtime and electricity)
- FREE electronic transactions
- Unlimited cash withdrawals at selected retailers
- Unlimited debit orders
Plus, subscribe to a Standard Bank Mobile SIM for R42.50 per month and get your monthly fees (R110) back in airtime.
With access to free digital banking, the MyMo Plus account can easily be opened on a mobile phone – via Standard Bank Internet Banking or our Banking App. Customers can sign up by simply taking a selfie on the Banking App, eliminating the need to go to a branch.
The Banking App leverages facial recognition software to authenticate identity, Molanda explains, and this is part of Standard Bank’s efforts to improve the security on its digital banking platforms.
Those customers who do not have internet access can open an account at their nearest Standard Bank branch, where one of our consultants will help them.
Molanda adds, “We understand the pressures that ordinary South Africans are facing at this time and we know that every rand and cent counts. By introducing the MyMo Plus account, we hope to help customers manage their finances better and conduct everyday banking in a way that is easier, safer and offers more clarity in monthly fees.
Standard Bank remains committed to developing and providing solutions that address key challenges faced by our customers and that meet their needs such as affordability and convenience. This is achieved by placing you, as the customer, at the forefront of everything we do.
For more information around the new MyMo Plus account, visit standardbank.co.za.
