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Definition of a minor - An individual that is not yet the age of majority, generally 21 years of age, and requires the assistance of a parent or guardian.
| Information Needed |
Acceptable verification documents |
| Identification |
- Full names
- Date of birth
- Identity/passport number
- Nationality (foreign nationals only)
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- Formal identification document
- Valid passport (for foreign nationals)
- Birth certificate (only for minors younger than 18 years)
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| Address |
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A minor residing at the parent or guardian's residential address, can provide any one of the following documents reflecting their parent or guardian's name and residential address, together with a letter confirming that the minor resides with them:
- A utility bill, such as water, electricity or rates (less than 3 months) We may accept a utility bill that are addressed to a post box number if it shows your name, erf/stand number, township and suburb ;
- A bank statement or financial statement from another financial institution i.e. not within the Standard Bank Group (less than 3 months old);
- A copy of a signed lease agreement (by both parties), (less than 1 year old);
- A municipal rates and taxes invoice (less than 3 months old);
- A mortgage statement from another financial institution i.e. not within the Standard Bank Group (less than 6 months old);
- A telephone account i.e. a land-line or cellphone account (less than 3 months old);
- An official tax return / tax assessment (less than 1 year old);
- Official correspondence from the South African Revenue Services ("SARS") (less than 3 months old);
- A recent life insurance policy issued by an insurance company;
- Correspondence from a body corporate or share-block association (less than 3 months old);
- A valid television license document;
- A recent short-term insurance policy document or a short-term insurance renewal letter (less than 1 year old);
- A retail account statement / invoice (less than 3 months old);
- Where the person live in any type of residence (eg. Hostel/barracks) a letter from the administration department of such residence on an official letterhead;
- or a letter from a tribal chief where the person lives (only for customers who have a nett income of R5000 or less per month)
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| Profiling information (only for new customers) |
- Source of income
- Source of funds that the customer expects to use in concluding transactions in the course of the business relationship
- Type of activity that we can expect on the account
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- No verification documents are currently required.
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| The parent or guardian of the minor must be identified and verified as per the mandatory information for individual customers, excluding profiling information. |
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Minors