Standard Bank does not sell a single product called “private wealth”. The banking entry points are income-based: the Private Banking Account asks for a minimum income of R58 000 a month, the Signature Banking Account R92 000 a month, and the Prestige Banking Account R25 000 a month.
Investment and fiduciary services sit with Standard Bank Wealth and Investment, which describes itself as serving high-net-worth individuals. It publishes no minimum investable-asset figure on the pages we checked, so confirm that with the bank.
Eligibility Requirements at a Glance
These are the published income tiers for the banking accounts that sit alongside the bank’s wealth services:
- Prestige Banking: you must be 18 or older and earn at least R25 000 a month, or hold a four-year undergraduate degree and earn at least R5 000 a month if you are 30 or younger. Monthly fee R260.
- Private Banking: a minimum income of R58 000 a month. Monthly fee R490.
- Signature Banking: 18 or older and a minimum income of R92 000 a month. The account includes portfolio management from Melville Douglas.
Wealth and Investment, including Melville Douglas portfolio management on a full discretionary mandate and trust and fiduciary services, is a separate offering with no published qualifying figure. Ask the bank what applies to you.
Income and Affordability Requirements
The bank states income as a monthly amount: R25 000 (Prestige), R58 000 (Private) and R92 000 (Signature). For Signature Banking the bank asks for a recent payslip or a confirmed contract of employment as proof. The Prestige degree route is the only published alternative to the main income threshold.
Credit and Financial Requirements
The bank’s account pages list income and identity requirements. They do not publish a net-asset threshold or a credit-record criterion for these accounts, so do not assume either applies or does not apply. Confirm with the bank before you rely on it.
Documents and Verification Required
- Private Banking: a South African ID (or a passport if you are not a South African citizen), proof of income, and proof of residence not older than 3 months.
- Prestige Banking: ID or passport, a payslip or contract, and proof of residence not older than 3 months.
- Signature Banking: ID or passport, and a recent payslip or confirmed contract of employment.
How to Apply and Improve Approval Readiness
Start on the bank’s Private Banking Account page, which offers a call-me-back request, a branch visit or the Banking App. For investment services, contact Wealth and Investment directly. Before you apply, gather your proof of income and a recent proof of residence so the thresholds above can be checked against documents rather than estimates.
Frequently Asked Questions
What are the Standard Bank private wealth requirements?
For Private Banking you need to earn at least R58 000 a month and provide ID or passport, proof of income and proof of residence under 3 months old. Signature Banking needs R92 000 a month and Prestige R25 000 a month.
What are the Standard Bank wealth and investment qualifying criteria?
Standard Bank Wealth and Investment publishes no minimum investable-asset or net-worth figure on the pages we checked. Only the banking account tiers carry published income thresholds.
What does Standard Bank private wealth include?
Melville Douglas provides bespoke portfolio management under a full discretionary mandate, and Wealth and Investment also lists trust and fiduciary services. Private Banking is the banking entry point.
Is will drafting free at Standard Bank?
According to the 2026 Signature pricing guide, drafting is free where Standard Trust Limited is the nominated executor and costs R2 650 where it is not. Annual will safe custody is R150 where it is the executor. These fees change yearly, so check the current guide.
Who can be my executor?
The bank says anyone 18 or older can be nominated, but the Master of the High Court only issues Letters of Executorship if the nominee is assisted by an experienced executor of deceased estates. A family member can be appointed. See the bank’s wills FAQs.
Can I negotiate the executor’s fee?
The bank describes using it as executor as being for a minimal fee but publishes no fee schedule on the pages we checked. Ask for the fee in writing before you nominate any executor.
Confirm current requirements with Standard Bank before applying. See finance and funding requirements and browse all loan requirements.