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AccessBond is a unique and effective money management facility that lets you deposit into and transfer surplus funds from your home loan to other linked accounts.

Your installments will automatically increase in relation to your balance increasing as you transfer surplus funds from your home loan account.

Your installments will not automatically be reduced if your balance decreases because you have deposited surplus funds into your account - you would need to specifically request a recalculation of the monthly installment based on the outstanding balance.

To qualify for the AccessBond facility you must have a Standard Bank home loan account and another Standard Bank account.

Your home loan account must be linked to an AutoBank card or a Standard Bank Mastercard, which can be done through any Standard Bank branch.

Joint, company, close corporation and trust accounts may qualify for the AccessBond facility, provided that the application form is signed by all members. A special resolution is required for companies, close corporations and trusts.

Cards from other financial institutions cannot be linked to a Standard Bank home loan account.

AccessBond enables you to draw statements and enquiries on your home loan accounts, deposit surplus funds into your home loan account and transfer funds to and from other linked Standard Bank accounts to your home loan account. It's more flexible than any other home loan option.

The outstanding balance of your home loan is reduced when you pay excess funds into your AccessBond account - this means that you pay less interest on your home loan. Because interest is calculated on a daily basis, the benefit is effective from the day on which you deposit the funds.

Having an AccessBond is convenient as you can access it at any AutoBank or AutoPlus, telephone banking, fax or the internet. It is also cost-effective as you are not charged extra service fees on your home loan for deposits to or transfers from your account. Normal current account and Mastercard service fees apply. And it translates into cash - you can access surplus funds deposited into the home loan account from any Standard Bank ATM.