Standard Bank Consolidator Banking Account requires income


The Standard Bank Consolidator is an account created for elders above the age of 55 and comes with special rates and benefits. The card costs R49 per month for bundled services – you will also pay as you transact. The account has the rebate pricing option.

The account comes with an overdraft which you can change the limit using your cellphone, online, or at any AutoPlus ATM. The account includes the annual gold credit card fee. You will also get the extra 0.5% interest on fixed deposit investments of 12 months or more.

You may link your account for free online, or by using the Standard Bank mobile app, alternatively, you can make a call. You can buy airtime, data, or electricity on your phone, online, or at your nearest ATM.

You will be able to use InstantMoney to send cash, you also get travel benefits such as travel insurance when you pay for your tickets using the Consolidator account.


The account has unlimited swipes, your will can be drafted and reviewed for free, you get unlimited electronic debit transactions and balance inquiries.

You get monthly statements via email and notifications of your transactions via MyUpdates. You can also get your monthly account fees back in Standard Bank Mobile airtime.

Card Features

⦁ Your card will come with a PIN and a secured chip
⦁ Access to Mastercard or Visa offers
⦁ You can link your card to the SnapScan or Masterpass apps
⦁ Automatic lost card protection
Global Mastercard or Visa acceptance and ATM network


⦁ To fully qualify for the consolidation product you have to be over the age of 55.
⦁ You have to have an income of R8 000 a month or
⦁ savings or investment account balance of at least R5 000
⦁ You’ll need your South African ID or passport and residence permit if you are not a South African Citizen
⦁ You will have to produce proof of residence that’s not older than 3 months

To apply and more information visit:

South African COVID-19 Information Portal

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