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A one-stop forum for all your banking questions
25-10-2023 12:52 PM
Hi @LDB.
Thank you for getting in touch with us.
Please send us an email at [email protected] if you would want us to check into this for you.
We look forward to hearing from you via email.
Regards,
Standard Bank Team
24-10-2023 12:48 PM
30-06-2023 10:47 AM
Hi @Thobby20
Thank you for reaching out to us
Kindly note that an honouring fee is a penalty fee and cannot be reversed. Honouring the payment for Debit and Cheque Cards POS transactions and Debit Orders is processed in real-time.
The delayed honouring fee comes forth when the merchant does not bank the transactions within the stipulated agreed period, in this case the debit order, and the funds are made available again to you as the customer, then you as the customer can use it.
Please note that the merchant banking late however does not mean we should not honour the transactions as you have already taken the goods and are liable for payment.
To avoid an honouring fee, please check your account on a regular basis, using the app and internet banking. Also take into account to outstanding card authorization to allow you to have an idea of the available funds you can utilize.
We hope this was informative.
Kind regards,
Boipelo.
Standard Bank Team
30-06-2023 07:09 AM
18-04-2023 03:10 PM
Good afternoon @Romeo94.
Thank you for reaching out.
An honouring fee is a fee charged for using your card when you do not have enough available funds for the transaction.
An honouring fee is charged when you swipe your card and the merchant debits your account for a transaction that occurred days, weeks, or months ago.
Under "narrative" (description of transactions), for a delayed transaction, it’ll tell you the exact date of the transaction.
Should you be suspicious? You’re welcome to get in touch with our fraud team on 0800 222 050.
Should you want to dispute the honouring fee, kindly reach out to us by email at [email protected] with the subject line "Community inquiry | Honouring fee" for further assistance.
We sincerely hope that this information is helpful, and we look forward to hearing your feedback.
Regards,
Fana.
Standard Bank Team
17-04-2023 08:43 PM - edited 17-04-2023 08:45 PM
Hello
So on saterday a stop order was process by standard bank where as i dont have funds in my accout as this has happend before, and i transfer all money into a safe account
I did not authorised the order, nor did i process it, but standard bank just payed it and changed me a honouring fee.
I spoke to the company that supposubly made the transaction and they have no acknowledgement of this payment as all my account with them are set to be process on the 1st of each mouth, and half the amount that they supposubly process. I am very unhappy as i dont like this that standard bank pays account on my behalf, as you could be paying frausters.
And what makes it even worse is that this order was process shortly after speaking to a standard bank consultant about an nother issue on my profile.
How do i escaled this as i want the funt back in my account, will it help me going into the bank to get this issue quiker resolved.
05-10-2022 05:50 AM
04-10-2022 09:56 AM
26-09-2022 03:43 PM
Hello @Lizzy3.
Thank you for reaching out.
Honouring fee is a fee charged for using your card while you do not have enough available funds for the transaction.
Honouring fee is charged when you are swiping your card and when the merchant is debiting your account for a transaction process days, weeks or months before.
Under narrative (description of transactions) for a delayed transaction, it’ll tell you the exact date of the transaction.
Should you suspect it as fraud. You’re welcome to get in touch with our fraud team on 0800 222 050.
If you want to dispute the transaction, kindly share your email address and we will share the form with you.
To avoid being charged honouring fee, please download our banking app or cellphone banking and always check your account balance.
Mainly focus on available balance as it is a direct reflection of what is available for you to use.
This way it’ll make things a little bit easier to keep track of all your transactions.
Please let me know if this answers your question.
Kind regards,
Fana.
Standard Bank Team.
26-09-2022 04:34 AM
26-09-2022 04:30 AM
04-03-2021 09:26 AM
16-02-2020 08:33 AM
14-10-2018 06:50 AM
04-04-2018 10:16 AM
I just got a call from Standard Bank telling me that it is not their problem and I should contact the other companies that I have the debit orders with. They refuse to refund the R390 Honouring fees that they charged me. My debit order date with these companies is on the 27th of each month and nothing have changed. Is this how Standard Bank milk their customers?
04-04-2018 07:46 AM
I sent my complain to the Complaint Resolution Centre, but no reply. My bank fees for this month is over R600!
28-03-2018 04:13 PM
My salary date is the 27th of the month and all my debit orders are set for this date or later. After more than 30 years with Standard Bank, this month seems to be different. One debit order went off on 23/03 and three more on 26/3. This pushed me over my overdraft, and now I see I have been charged 3 X R130 by Standard Bank for Honouring fees! I just Googled NAEDO and saw that collection is only processed when there are sufficient funds in the account, so why did this go through when my available balance did not cover it and it would be covered the next day? To charge me an extra R390 in bank fees? Do I have to fear this for next month again?