(sum)1 - Kids Banking Account

SUM1

Get the bank account made for kids under 16 who want to pay for their own stuff.

Monthly fee
None
Monthly income
Not required

About SUM1

It can be pretty harsh to get your hands on money when you’re a kid. Luckily Standard Bank is here to help. Learn how to save and manage your money. Our Kidz Banking app will help grow your money.

What you get

  • (SUM)1debit card, that can be linked to your parent’s account
  • Notifications on transactions via MyUpdates
  • Unlimited card swipes
  • Unlimited balance enquiries on your phone
  • 8 prepaid airtime recharges a month
  • 8 cash withdrawals a month at till points
  • 8 electronic account payments a month
  • 8 electronic inter-account transfers
  • 2 free withdrawals and deposits at our ATMs
  • Unlimited transfers to any savings or investment account with us
  • Transact everywhere you are. Download the kids mobile app for on the go banking.
  • Transact via online, cellphone, or telephone

What it costs

  • No monthly fee
  • R 25,22 if you use more than your bundled transactions
  • R 2,52 for SMS notifications on transactions below R 100

See pricing guide

How to apply

Your parent or guardian will need to have a bank account with us for your account to be linked to.

What you’ll need

  • A copy of your birth certificate*

*You must be under 16, and be an SA citizen

General T&Cs
Personal transaction accounts T&Cs

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