Finishing your studies and graduating is an exciting time, but it is also daunting as you enter the “real world” and the pressures of money, a job and stress become a reality. However we have made one thing as easy as possible for you here, to simplify and find the right Graduate bank account for you (along with the status that comes with these accounts) that you have worked so hard to achieve.
|Account Name||FNB Graduate Portfolio (Gold Account)||Standard Bank Elite Banking||ABSA Platinum Professional||Standard Bank Prestige Banking|
You need to have completed: and, earn an income of:
3 year degree/diploma within the last 3 years
R60,000 pa (R5,000 pm)
(You also need to be aged between 18 – 30 )
3 year degree/diploma
3 year degree/diploma or advanced certificate focusing on certain professions
3 year degree with Honours
|Free subscription to Online Banking, Cellphone Banking and the Banking App|
|Free swiping for purchases|
|Free electronic transfers and payments|
|Free debit orders|
|Free SMS payment notifications|
|Cash withdrawal using your bank’s ATM||4 free each month there after R6,70 per R500 withdrawn||8 free per month there after R3,50 + 1,10%||7 Free per month||12 free pm there after R3,50 + 1,10%|
|Cash withdrawal at the till||Free||R5||Free||R5|
|Cash withdrawal using a different bank’s ATM||R6,50 + 1,34% of the withdrawal amount||R10,20 + 1,10% of the withdrawal amount||R6,95 + 1,30% of the withdrawal amount||R10,20 + 1,10% of the withdrawal amount|
|Cash withdrawal at the branch||R43,00 +1,61% of the withdrawal amount||2 free pm there after its R33 + 1,20%||R40 + 1,50% of the withdrawal amount||3 free pm there after its R33 + 1,20%|
|Cash deposits using your bank’s ATM||0,7% of value with a minimum fee of R5,50||3 free pm there after its R4 + 1,20% of value||5 free per month||3 free pm there after its R4 + 1,20% of value|
|Cash deposits at the branch||1,51% of deposit value with a minimum fee of R43||R11 + 1,20% of the amount deposited||R7 + 1,45% of the amount deposited||R11 + 1,20% of the amount deposited|
|Card Replacement Fee||R115||R110||R80||R110|
|Unpaid Debit Orders||R60 each for the first 3 thereafter its R138 per item within a 12 month period||R115 each||R60 each for the first 3 thereafter its R138 per item within a 12 month period||R115 each|
|Get up to 15% back for airtime and fuel purchases with FNB eBucks Rewards Free Savings Pocket||Access to Standard Bank’s exclusive UCount Rewards Programme||Platinum Banker
Personal dedicated advice
|Access to Standard Bank’s exclusive UCount Rewards Programme
Access to a personal banker
Bank fee calculator
Which account is most suitable for me?
Before you even start considering the above graduate accounts, you would have to have completed atleast a 3 year university degree or diploma. As with most accounts these days, online banking and cellphone banking is included in most of these packages for you.
We feel that Standard Bank offers great value when looking for a graduate account, providing you with two options namely, the Elite banking account which offers a lower montly fee and slightly less capability.
Secondly, Standard Bank offers the Prestige banking account which is aimed at the individual looking to utilize the fact that they are a graduate professional. This account provides you with the option of a personal banker over and above great additional features and competitive fess.