YM
Yvonne M

1 reviews | Active since May 2015

03 Jun 2026, 19:12

Honouring fee

I am disappointed by Standard Bank , it is the second time this thing happens. That I am charged honouring fee of 150 for seven rand fifty cents of monthly fee. . I am closing this account . I don’t have debit orders on this account but I’m charged honouring fee for monthly fees. I have banked with Standard Bank for years and they don’t take me serious

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Replies (1)
Standard Bank
Standard Bank's reply04 Jun 2026, 07:13
Official
Dear Yvonne,

Thank you for reaching out to us.

 An honoring fee is charged when a transaction is processed despite there being insufficient funds in your account. This usually applies to transactions that had not yet been banked by the merchant at the time.

 The bank covers the shortfall to ensure the transaction is not declined, and the fee reflects that service.

 We recommend reviewing your statement for any transactions that may have been banked late while there were insufficient funds available.

 Please also note that service fees charged to your account are deducted from your available balance, including any latest and available funds.

 Kindest regards,
 Standard Bank Hello Peter Team
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