Quick Answer: Why Is Standard Bank Closing Branches?

Is Liberty owned by Standard Bank?

Liberty Holdings Limited is majority owned by Standard Bank Group Limited..

Which branches of Standard Bank are closing?

See the list of affected branches below:Gauteng. Alberton branch. Arcadia branch. … Mpumalanga. Amersfoort Service Centre. … Free State. Bultfontein Service Centre. … Western Cape. Belhar Service Centre. … Kwa-Zulu Natal. Dales Avenue. … Limpopo. Bochum Service Centre. … Northern Cape. Britstown Branch. … North West. Cachet Park Student Bureau.More items…•

Why is Standard Bank closing branches in South Africa?

The bank’s CEO, Sim Tshabalala says the decision to close the 90 branches was mainly because most of its customers had moved to digital banking. Tshabalala says over 1 000 staff members have either been retrained or redeployed.

How many branches does Standard Bank have?

104 branchesAs part of this closure process, Standard Bank has published the full list of branches which will be closing across the country – with the number now totalling 104 branches. It has also outlined the nearest branches which, will remain open, where customers can go instead.

Which is the best bank to bank with in South Africa?

capitecIn the latest Lafferty global rankings, Capitec was named the top South African bank for the third year in a row. According to this year’s Lafferty Banking 500 study, a survey of 500 banks worldwide, Capitec is one of only 8 banks globally to achieve a 5-star rating.

What does it mean to work bankers hours?

a short working day, especially one that extends from 9 or 10 a.m. until 2 p.m., the hours during which banks were traditionally open to the public.

How do I find out my bank branch?

If you have a bank account, the address of your bank branch might be printed on your statements, checks or other mail from the bank. Otherwise, you can call your bank or look online to find your branch.

What is happening with Standard Bank?

Standard Bank closed more than 100 branches and retrenched hundreds of staff members as part of its efforts to digitise its retail and business bank in 2019. The bank said that it has worked hard to minimise the impact of this re-organisation on its staff members.

How do I contact Standard Bank?

810 27 11 299 4701Standard Bank/Customer service

Which Standard Bank branch is open during lockdown?

Open branches during lockdownCentre NameBranch Operating Hours Monday – FridayBranch Operating Hours SaturdayO.R.TAMBO08:00 – 17:0009:00 – 12:00ORANGE FARM SERVICE CENTRE09:00 – 15:3008:30 – 13:00PARK STATION SERVICE CENTRE09:00 – 15:3009:00 – 13:00PHUMULANI MALL SERVICE CENTRE09:00 – 15:3008:30 – 13:0074 more rows

Which Standard Bank branches are closing in Gauteng?

JOHANNESBURG – Standard Bank said it will close 100 branches. Earlier this year, the bank announced the closure of 91 branches….Gauteng:Alberton.Arcadia.Bara Mall.Benmore Gardens.Bloed Street.Bracken City.Brixton.Chilli Lane.More items…•

Can I open a Capitec account during lockdown?

Branches open during lockdown Selected Capitec branches will be open to help with any essential banking needs during the lockdown.