Q1. What is Standard Bank Instant Money Voucher?
Standard Bank Instant Money Voucher is a service offered by Standard Bank that enables customers to send money to anyone using their cellphone number. The recipient does not need to have a bank account or be a Standard Bank customer. The recipient receives a voucher number that they can use to withdraw the money at any Standard Bank ATM or retailer.
Q2. How many digits is the Standard Bank Instant Money Voucher?
The Standard Bank Instant Money Voucher is a 10-digit number that is unique to each transaction. This number is generated when the sender initiates the transaction and is sent to the recipient via SMS. The recipient can then use this number to withdraw the money at an ATM or retailer.
Q3. Can the recipient use the Standard Bank Instant Money Voucher immediately?
Yes, the recipient can use the voucher number immediately after receiving it. They can go to any Standard Bank ATM or retailer and enter the voucher number to withdraw the money. The voucher number is valid for 30 days from the date of issue.
Q4. Is there a limit to the amount of money that can be sent using Standard Bank Instant Money Voucher?
Yes, there is a limit to the amount of money that can be sent using Standard Bank Instant Money Voucher. The maximum amount that can be sent in a single transaction is R5,000. However, there is no limit to the number of transactions that can be done in a day.
Q5. Is Standard Bank Instant Money Voucher safe to use?
Yes, Standard Bank Instant Money Voucher is safe to use. The service is protected by advanced security measures that ensure the safety and confidentiality of all transactions. The voucher number is unique to each transaction and can only be used once. In addition, the recipient needs to provide identification to withdraw the money, which adds an extra layer of security.
Q6. How long does it take for the recipient to receive the Standard Bank Instant Money Voucher?
The recipient receives the Standard Bank Instant Money Voucher almost immediately after the transaction is initiated. The voucher number is sent to the recipient via SMS, and they can use it immediately to withdraw the money.
Q7. Can the sender cancel a Standard Bank Instant Money Voucher transaction?
Yes, the sender can cancel a Standard Bank Instant Money Voucher transaction before the recipient has withdrawn the money. To cancel a transaction, the sender should contact the Standard Bank Instant Money Voucher helpline or visit a Standard Bank branch.
Q8. Is there a fee for using Standard Bank Instant Money Voucher?
Yes, there is a fee for using Standard Bank Instant Money Voucher. The fee is based on the amount of money being sent and is charged to the sender. Standard Bank’s website has a fee calculator that enables customers to calculate the fee for a specific transaction.
Q9. Can Standard Bank Instant Money Voucher be used internationally?
No, Standard Bank Instant Money Voucher is only available for transactions within South Africa. The recipient must have a South African cellphone number, and the voucher can only be used at Standard Bank ATMs or retailers in South Africa.
Q10. Can Standard Bank Instant Money Voucher be used for business transactions?
Yes, Standard Bank Instant Money Voucher can be used for business transactions. However, the service is designed for individuals and small transactions. Businesses that need to send large amounts of money should use other payment methods.
