Standard Bank of South Africa

Standard Bank of South Africa provides personal and private banking, loans and offshore investment services, alongside a foreign exchange app called Shyft. Shyft lets people buy, hold, send and spend foreign currency, and is open to customers of other banks as well as Standard Bank's own.

What Standard Bank of South Africa offers

• Shyft digital wallet: an app for buying, exchanging and storing several foreign currencies alongside the rand, with separate wallets per currency.
• International payments: Shyft-to-Shyft transfers and international bank transfers to people or businesses abroad.
• Shyft cards: a physical Mastercard for use abroad, a Rand card for local spending and virtual cards for online shopping.
• Personal and business banking: accounts, personal and business loans, offshore investments and internet banking.

Clients

The forex wallet is open to South African ID holders aged 18 and over, whether or not they already bank with Standard Bank.

Key facts

• Eligibility for Shyft: South African ID holders aged 18 and over
• App stores: App Store, Google Play and Huawei Store