(sum)1 Banking Account
It's never too early to spark your child's interest in saving and spending wisely. Our (sum)1 Account, designed for kids under 16, comes with fantastic perks and a bank card with zero monthly fees.
No
Monthly fee
No
Monthly income required
Need help?
What you get
- Exclusive access to Junior Perks so you can spoil your kids at their favourite retailers like Krispy Kreme, Nando’s & Burger King. Plus, get free movie tickets at Ster Kinekor
- Bank card with automatic lost card protection
- Unlimited free swipes at till points
- 10 Free electronic debit transactions a month, including:
- Prepaid airtime purchases
- Electronic inter-account transfers
- Electronic account payments
- Free cash withdrawals up to R1 000 at our ATMs
- Free cash deposits at our ATMs of up to R1 500
- Free balance enquiries when you dial *120*2345#
- Notifications on transactions via MyUpdates
*T&Cs apply
Sum1 – Double Value Campaign T&Cs
Personal transaction accounts T&Cs
General T&Cs
What it costs
- No monthly fee
- Pay as you transact rates apply after you have used your bundle services for the month.
How to get it
As a parent, you don’t need to bank with us to open an account for your children.
- You can complete the Call me back form
or - You can visit your nearest branch and bring the following documents:
- Your child’s birth certificate*
- Your ID (parent or guardian)
- Proof of residence not older than 3 months
*You must be under 16, and be an SA citizen
-
What you get
-
What it costs
-
How to get it
- Exclusive access to Junior Perks so you can spoil your kids at their favourite retailers like Krispy Kreme, Nando’s & Burger King. Plus, get free movie tickets at Ster Kinekor
- Bank card with automatic lost card protection
- Unlimited free swipes at till points
- 10 Free electronic debit transactions a month, including:
- Prepaid airtime purchases
- Electronic inter-account transfers
- Electronic account payments
- Free cash withdrawals up to R1 000 at our ATMs
- Free cash deposits at our ATMs of up to R1 500
- Free balance enquiries when you dial *120*2345#
- Notifications on transactions via MyUpdates
*T&Cs apply
Sum1 – Double Value Campaign T&Cs
Personal transaction accounts T&Cs
General T&Cs
- No monthly fee
- Pay as you transact rates apply after you have used your bundle services for the month.
As a parent, you don’t need to bank with us to open an account for your children.
- You can complete the Call me back form
or - You can visit your nearest branch and bring the following documents:
- Your child’s birth certificate*
- Your ID (parent or guardian)
- Proof of residence not older than 3 months
*You must be under 16, and be an SA citizen
Tips and guidance
Getting started
Getting started
Learn to make the most of your new card.
Using your card
Using your card
Making changes to your card is quick, safe and easy when you know how.
Keeping your card safe
Keeping your card safe
Using your card is one of the safest ways to pay, but you should always take precautions.
Ways to pay by card
Ways to pay by card
Using a credit or debit card gives you various payment options.
Register now to benefit from paying with your Credit, Cheque or Debit card.
Professional Banking Account
Experience the private banking lifestyle as a young professional and get access to flight discounts and prime minus interest rates. You can also get personalised support from your banker and accredited financial advisors.
R
280
*
Monthly fee
No
Monthly income required
Degree
Qualifying criteria
Signature Banking Account
Get expert advice on investments, 24/7 support from a dedicated Private Banker and unlimited* domestic and international airport lounge access through your complimentary World Citizen Credit Card.
*When meeting the spending criteria
R
580
*
monthly fee
R
92 000
Monthly income required
Free
Offshore bank account
Consolidator Banking Account
A bank account for seniors over 55, offering ease, simplicity, and exclusive perks. Visit your nearest branch and open an account in just a few simple steps.
R
49
Monthly fee
Yes
Income required
Private Banking Account
Build your financial future with 24/7 support from a dedicated Private Banker, various investment solutions, and access to lifestyle benefits for you and your family.
R
460
*
Monthly fee
R
58 000
Monthly income required
Free
Offshore bank account
Prestige Banking Account
Get private banking for less with Prestige. Unlock a world of benefits and discounts and accelerate your growth with the support of our financial planners and experts.
R
250
*
Monthly fee
R
25 000*
**
Monthly income required
We also offer
Credit cards
Instant access to money you’re not carrying as cash. Money you can spend safely and easily in-store, online or overseas.
MarketLink savings account
Enjoy the benefits of a bank account while saving money for a rainy day.
Some of the benefits
Smart money choices
Teach your kids important money lessons with an account designed for beginners
Zero fees
Your kids can experience all the advantages of a bank account without any monthly fees
Junior Perks
Enjoy discounts from your kids' favourite food joints, stores, entertainment spots, and so much more
Easy monitoring
Easily manage your kid’s account via your Banking App or Online Banking and enjoy peace of mind