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How To Transfer Funds Into Your Trading Account.: I. Standard Bank Internet Banking

This document provides instructions for transferring funds into and out of an online share trading account with Standard Bank in South Africa. It outlines four main methods: 1) transferring funds via Standard Bank internet banking, 2) transferring from another bank's internet banking by setting up Standard Financial Markets as a beneficiary, 3) making manual deposits at a Standard Bank branch, and 4) requesting withdrawals of settled funds back to your bank account from within the online trading portal. Key details like account names and numbers are provided for each transfer method.

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TinusAppelgryn
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100 views

How To Transfer Funds Into Your Trading Account.: I. Standard Bank Internet Banking

This document provides instructions for transferring funds into and out of an online share trading account with Standard Bank in South Africa. It outlines four main methods: 1) transferring funds via Standard Bank internet banking, 2) transferring from another bank's internet banking by setting up Standard Financial Markets as a beneficiary, 3) making manual deposits at a Standard Bank branch, and 4) requesting withdrawals of settled funds back to your bank account from within the online trading portal. Key details like account names and numbers are provided for each transfer method.

Uploaded by

TinusAppelgryn
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as PDF, TXT or read online on Scribd
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Online Share Trading

How to transfer funds into your trading account.


I. Standard Bank Internet Banking:
If you are a Standard Bank Internet Banking user, then transferring funds could not be easier. Simply
log onto your bank account on Standard Bank’s Internet Banking, select payments followed by pay
now. If during the account application process you gave us the card number that you use for logging
onto internet banking we would have added Standard Financial Markets (STD FIN MARKETS P/L) as a
beneficiary to your internet banking profile.

To transfer funds into your trading account simply enter an amount into the amount field and hit
continue. Follow the process and the funds will be transferred to your trading account within one
minute.

Important Note:
Any payments made to your share trading account will not be limited by your available Electronic
Account Payment (EAP) limit. Also any payments to your trading account will not impact on your
monthly EAP limit. You can move as much funds as you wish to your trading account.
If you do not see STD FIN MARKETS P/L as a payment beneficiary on your internet banking profile
then please contact us and we will link up your share trading account for you.

Any funds kept in your share trading account will earn money market related internet rates. Please
have a look at our website for the latest interest rates.

II. Via another bank’s internet banking:


Set up a “beneficiary” on your Bank’s Internet Banking for the Standard Financial Markets trust
account as noted below. Please include your Share Trading account number (the 6 or 7 digits after
the "seq" in your log on) as a reference for speedy allocation of funds to your trading account.

Note that electronic deposits from other banks can take up to 2 business days to reflect on your
trading account.

Please make deposits to:


Bank : Standard Bank
Account Name : Standard Financial Markets
Branch : Braamfontein
Branch Code : 004805
Account Number : 000445266

III. Manual deposit at a Standard Bank branch:


Visit any Standard Bank branch and make a deposit into the Standard Financial Markets trust account
as noted below. Please include your share trading account number (the 6 or 7 digits after the "seq" in
your log on) as a reference on the deposit slip for speedy allocation of funds to your trading account.

Please make deposits to:


Account Name : Standard Financial Markets
Branch : Braamfontein
Branch Code : 004805
Account Number : 000445266

IV. How to see if the cash is in your account


Log onto your online share trading account and click on “My account” followed by “3 month cash
history”.

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Here you will see your cash balance as well as the funds that have been deposited into your account.

V. Transferring cash out of your trading account:


To transfer funds out of your trading account into your bank account, click on the “My account”
menu item followed by “Transfer cash” as noted below.

Click the “Request settled funds withdrawal” button.

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The following page will appear:

1. Bank account to which funds will be transferred


2. Amount of funds that you would like to withdraw

Transfer requests before 2pm will be done the same business day. Note that any request for the
withdrawal of funds transfer after 2pm on a business day will only be effected the following business.
Payments to non Standard Bank accounts take 24 hours longer due to the process of bank to bank
transfer.
Note that only settled funds are available for transfer. Share sales take 5 business days to settle on
the JSE. However you will be able to buy more shares with these unsettled funds.

Should you need any assistance with our website please call us on 0860 121 161 or email us at
[email protected]

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