STANDARD BANK APPROVED COVID-19 FINANCIAL RELIEF MEASURES REWARDS FOR ALL CUSTOMERS
Written by Standard Bank Staff Reporter on 24 Mar 2020 18:21
Good day,
According to the bank, the rewards payment relief for the banks customers with a turnover of less than R200 million will commence on 1 April 2020 and run through to end June 2020.
The relief will come from capitalising the interest and fees typically paid to the bank each month and changing the terms of repayment to a later date and be free to active your Rewards now, Standard Bank South Africa chief executive, Lungisa Fuzile.
Fuzile further adds that all customers will earn rewards on all transaction and the studying full time with a Standard Bank Student Loan will receive a payment holiday over the same period at 0% interest and with zero fees.
It is our responsibility to ensure we look at solutions to assist our customers during this challenging economic period, and we continue to work closely with the South African Reserve Bank to find ways to partner in the best interests of all our stakeholders.
The bank request all other customers to contact the bank to indicate their circumstances and . It says assistance from the bank will also include options to defer payment for an agreed period and the opportunity to restructure and consolidate the overall debt.
Attached is your Standard Bank Cheque account showing 20% relief rewards on all recent Transactions Ref#19-Relief-MZU78RCUQ. To view it you will need to open the PDF attachment and insert your password. Your password is your Cheque account number.
To view your statement on relief rewards you need to have Adobe PDF Reader installed. If you do not have it, you will need to do the following:
- Copy and paste this URL into your browser: XXXX
- Go to the website
- Click the download button and follow the easy instructions.
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You are welcome to contact us, should you require further assistance.
Regards,
Standard Bank
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