International Banking

International Banking is a Windows-driven system, delivered through Business Online, that uses Internet technology to provide seamless and paperless processing of your international cash management requirements.

The International Banking module allows you to:

• manage your resident (CFC) and non-resident (FCA) foreign currency accounts, as well as offshore accounts held with other financial institutions
• process local and cross-border transactions from your current (ZAR) accounts and FCAs
• process payment instructions to other financial institutions
• manage pre-loaded beneficiaries and payments online or offline
• capture data either online for immediate transmission, or through your ERP system
• access our offline functionality for later importation of transaction data, eliminating dual capturing.

International Banking clients have full access to our specialised administration department, which provides final verification and SWIFT validations to ensure that payments achieve straight through processing.

How to access International Banking

The International Banking module can be accessed using any Internet Service Provider (ISP). However, access via one of Standard Bank's preferred suppliers, AT&T Global Network Services or Telkom CyberTrade, ensures:

• enhanced security through direct information transfer using a virtual private network (VPN),
• a closely monitored relationship subject to operational service level agreements.

Contact your Standard Bank representative to help you determine the exact requirements for your business and create the necessary profiles.