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General information

A quick-reference guide with important information about international banking.

Interest payments

Interest is applied to applicable accounts at various stages throughout the year.

Negative interest

Market conditions may result in negative interest being applied to accounts:

  • This means that instead of earning interest on money in an account, you will be charged a fee based on the full balance of your account
  • The total interest deducted from your account will be shown on your statement as ‘negative credit interest’

Please read the General Terms and Conditions document, Clause 6.21 if you require any clarification.

Transaction charges and fees

When you provide a payment instruction to us, you will have the option of selecting one of three charging options:

  • SHARED – This means that you will pay Standard Bank’s charges, but any agent or correspondent bank charges that are incurred en route will be deducted from the payment amount. “Shared” is the default if another charge option is not specified.
  • REMITTER (OUR) – All fees will be charged to you as the sender. This means that you will pay Standard Bank’s charges and any fees charged by the receiving bank and any correspondent bank*. 
  • BENEFICIARY – All fees will be charged to the receiver. This means that any charges levied by both sending and receiving banks will be deducted from the amount of the payment, together with any agent and correspondent bank charges that the payment incurs en route.

*A correspondent bank may at its own discretion deduct its charges from remitted funds, even if you selected to pay all fees upfront.

Find out about all personal and corporate  fees and charges on current and related accounts.

Tax forms

Download and complete forms needed for your tax filings:

Regulatory compliance

The Standard Bank Offshore Group, and Jersey and the Isle of Man wholly owned subsidiaries, has its registered office at Standard Bank House, 47-49 La Motte Street, St. Helier, Jersey JE2 4SZ.

Standard Bank Isle of Man Limited is licensed by the Isle of Man Financial Services Authority under the Financial Services Act 2008.

Deposits made with Standard Bank Isle of Man Limited are covered by the Isle of Man Depositors' Compensation Scheme as set out in the Depositors' Compensation Scheme Regulations 2010. 

Standard Bank Jersey Limited is regulated by the Jersey Financial Services Commission to conduct deposit taking business under the Banking Business (Jersey) Law 1991 and investment business and fund services business under the Financial Services (Jersey) Law 1998.

Standard Bank Jersey Limited is a participant in the Jersey Bank Depositors Compensation Scheme.

The Standard Bank Offshore Group is compliant with the Foreign Account Tax Compliance Act, a US legal and regulatory requirement designed to ensure that US taxpayers pay US tax even if their assets and US source income are channelled through non-US jurisdictional accounts and entities.