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Standard Bank beefs up its app with offshore options and more

Standard Bank has announced that it’s added some new functionality to its mobile banking app, with more in the pipeline.

As of right now, Standard Bank customers can use the app to trade shares on bourses across the world, view their vehicle finance accounts and, as of the latest update, even access their offshore portfolios right from their Apple and Android smartphones. Also, if you’re a Standard Bank account holder and you head overseas, you can activate their card for use outside of South Africa right from within the app, instead of having to go through the call centre.

“Standard Bank is devoted to transforming the banking experience for our customers by making it faster, easier and much more accessible, anywhere, anytime,” Magnus Taljaard, head of digital customer solutions at Standard Bank said in the release.

Perhaps the most intriguing new function offered by the Standard Bank app is the option to connect it directly with an Apple Watch, which lucky owners of Apple’s timepiece can do right now. Connecting the two enables users to check their balances right on the watch itself, apparently, without having to sign in to the app.

According to the full list of new features customers can use the app to:

  • Increase or decrease their Electronic Account Payment limit – up to a maximum of R500 000 per month.
  • View all vehicle finance assets (including cars, trucks, trailers, boats and planes), including outstanding balances and original loan values.
  • Activate their cheque or credit card through the app, to be used during international travel.
  • See their minimum credit card payments due, easily make payments to the card, and ensure the card never goes into an ‘overdue’ state.
  • View Standard Bank accounts held offshore.
  • Link the app to the Apple Watch, to check account balances on the watch.
  • Trade on 29 exchanges across the world, encompassing a broad range of financial instruments, with our WebTrader service linked to the app.

The next update will be out in late September, according to the release.

What sort of things would you like a banking app to do that they aren’t already doing? Aside from inflate your balances and wipe out your debt, of course.

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