WebTo open a bank account online, you need to be: 18 years or older and have a South African ID, and a South African citizen livin g in South Africa. If you’re applying on the Standard Bank website, choose whether you want to open a MyMo Plus or MyMo Account, select “Tell me more” and then “Open account”. WebMinimum Balance Requirement. $20. None. If any withdrawal is made from this account before October 28 th each year, the account is closed. None. Fees. $3 monthly fee for paper statements (E-Statements are free) $8.50 per debit fee for each debit in excess of four (4) during statement cycle. $8.50 minimum balance fee if account falls below $20 ...
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