EFTS Monthly Pricing
EFTS fees will from 1 January be collected monthly, just as you are used to on our other services. This means that all of a months fees will be collected in the first week of the next month. For example, January EFTS fees will be collected during the first week of February. We feel that this arrangement is a lot simpler and gives you a better view of all your fees. Feel free to contact your Standard Bank representative with any questions or concerns you may have about this change.
ICM Beneficiary Change
We are pleased to tell you that the International Banking service has been enhanced to allow a single beneficiary code to be used for multiple beneficiaries. The change was implemented on 6 October 2012. The change affects the validation and storing of beneficiary details and impacts the processing of rand and CFC payment instructions.
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