SARB Regulations

International Payments received

Standard Bank has been granted dispensation from the Reserve Bank to interpret payment instructions received from remitters for all International Payments with a value of less than R50 000 (fifty thousand rand). This will allow us to credit your account immediately, provided that the remitting bank includes the correct beneficiary information and provides as much detail as possible on the payment instruction, particularly regarding the reason for the payment(s).

If you have any questions in this regard, please contact your Standard Bank branch.