1matter on the record across its booking centres, 2022
2.2/59 UHNW client ratings across its booking centres
The editor's opinion
Why Standard Bank rates 3.8 out of 5
Standard Bank rates 3.8 out of 5. The figure combines the ratings of its two rated booking centres (Jersey, four stars; the Isle of Man, three stars), each weighted by the number of UHNW client ratings it has received, so a centre where more families bank counts for more. Jersey is the strongest at four stars; the Isle of Man is the weakest at three stars. Its booking entities carry one matter on the record, the most recent in 2022; each is listed below with the centre it concerns. Across its booking centres, nine UHNW client ratings average 2.2 out of 5.
Noam Cohen, Editor, Bank IntelligenceReviewed 6 November 2026, Q4 2026 edition. Each booking centre is rated on its own file, from the public record and what clients and their advisers tell us in confidence. The overall rating brings those ratings together; retail products, branches and apps play no part.
Where Standard Bank stands out
No final adverse finding against this licence holder in ten years of regulatory and court records. Jersey
Custody assets are segregated by statute and sit outside the bank's own estate. Jersey
Deposits are covered by a statutory protection scheme. Jersey
The custody terms are public and address most of what a family needs to know. All centres
Most fees are published. Jersey
Deposits are covered by a protection scheme, with limits. Isle of Man
The bank states publicly what it does with third-party payments. Isle of Man
Ownership and control are fully public. Isle of Man
No politically exposed person holds a significant stake. Isle of Man
What to weigh
Only part of the private banking range is published for this booking unit. Jersey
The policy on third-party payments is only partly stated. Jersey
An owner's home jurisdiction is under increased monitoring for money laundering. All centres
The bank does not say whether it runs a desk for external asset managers. Jersey
A significant regulatory finding stands on the record in the last ten years. Isle of Man
The last adverse finding is recent. Isle of Man
Almost no private banking services are published for this booking unit. Isle of Man
Only part of the tariff is published. Isle of Man
The bank has not shown publicly that the failings behind past findings were put right. Isle of Man
Jersey · Standard Bank Jersey Limited7 client ratings · 78% of the weight
Isle of Man · Standard Bank Isle of Man Limited2 client ratings · 22% of the weight
PPLI.com rating, weighted across the centres3.8
Each booking centre keeps its own rating, set on its own file. The overall rating is the average of those ratings, weighted by the number of UHNW client ratings each centre has received. A centre whose rating is still in preparation is shown but not counted.
The rating expresses the opinion of PPLI.com on the date shown. It is not a statement of fact about the bank, not a credit rating, not a forecast of failure and not investment advice.
The booking centres
Standard Bank in 2 booking centres
Each booking centre is a separate legal entity, with its own licence, deposit protection, services and fees, and keeps its own PPLI.com rating. Everything on file for them is brought together on this page; open a centre for its own file.
What regulators, prosecutors and courts have decided against the booking entities of Standard Bank, gathered from the files of all its booking centres, with the status, the amounts as published and a link to the original document. Each entry names the centre it concerns. Claims and investigations still under way are marked as open.
20227 January 2022
Civil penalty for breaching a court restraint order by moving restrained funds and sending a transfer abroad
The Isle of Man Financial Services Authority found that Standard Bank Isle of Man Limited breached a Manx court restraint order in September 2020 by allowing funds to move between restrained accounts and by processing a transfer out of the jurisdiction. The bank discovered the failings in April 2021 and reported them itself, and the Authority found them isolated rather than systemic. A civil penalty of GBP 353,320 was reduced by 30% to GBP 247,324 for early settlement and cooperation.
Matters concerning other entities in the group (1)
202524 January 2025
Administrative sanction for anti-money laundering compliance findings from a 2022 inspection
According to its own statement of 24 January 2025, The Standard Bank of South Africa Limited, a sister bank of this bank within Standard Bank Group, received an administrative sanction of ZAR 13 million from the Prudential Authority of the South African Reserve Bank. The findings, from a 2022 inspection, concerned mainly the monitoring of system-generated alerts in 2019 and the late submission of regulatory reports.
Shown for context only: the decision concerns The Standard Bank of South Africa Limited, not Standard Bank Isle of Man Limited, and does not count towards the rating of the booking centre or of the group.
What clients meet at Standard Bank across its booking centres, read from complaint registers, ombudsman decisions and court records, independent reporting and what clients and their advisers tell PPLI.com in confidence. Announcements by the bank, awards and marketing material are left out.
UHNW client ratings
2.2 out of 5, based on 9 client ratings across its booking centres.
Jersey2.1 out of 57 ratings
Isle of Man2.5 out of 52 ratings
What clients report
Jersey. The public sources we follow show no client complaint, court claim or incident involving this bank.
Isle of Man. The one regulatory matter that touched client accounts was the September 2020 breach of a court restraint order, which the bank found and reported itself.
Worth raising with the bank
Jersey. Ask how deposits with the bank are protected, since neither the bank nor Standard Bank Offshore Group Limited carries a credit rating and the parent, Standard Bank Group Limited, is rated Ba2 by Moody's and BB- by Fitch, below investment grade.
Isle of Man. Ask how deposits with the bank are protected, since it carries no credit rating of its own and its ultimate parent, Standard Bank Group Limited, is rated Ba2 by Moody's and BB by Fitch, below investment grade.
Isle of Man. Ask what controls the bank added after the September 2020 breach of a court restraint order to stop payments from accounts under court or regulatory restriction.
Financial standing
Credit ratings published by the agencies for the companies named in the centre files, dated by the latest agency or bank document that confirms them
Agency
Rating
Outlook
As of
Rated company
Moody's
Ba2
Stable
Standard Bank Group Limited (parent)
Fitch
BB-
Stable
Standard Bank Group Limited (parent)
In the press
SARB Prudential Authority (also Business Day, TimesLIVE)
The Prudential Authority of the South African Reserve Bank imposed a ZAR 13 million penalty on the sister company The Standard Bank of South Africa Limited for breaches of the Financial Intelligence Centre Act.
Manx Radio reported the IOMFSA civil penalty of GBP 353,320 before discount on the bank for letting funds move between accounts restrained by a Manx court order and processing a transfer out of the jurisdiction.
What it costs
What Standard Bank charges, centre by centre
Fees are set by each booking entity, so they are shown centre by centre. Two of the two centres of Standard Bank publish a fee schedule, read on 6 November 2026 from the documents linked under each table. To compare banks fairly we put every published fee in US dollars at the same indicative rates and apply it to the same reference amounts, then rate each fee against the average of the other banks that publish it. Five stars is the lowest fee, one star the highest. Terms a family actually negotiates are often different, and a bank can change its schedule at any time.
The published fees side by side
Fee
Jersey
Isle of Man
Other banks
Custody and safekeepingeffective rate on USD 25 million
0.11% a year
Not in the schedule
0.30% a yearaverage of 38 other banks
Equity tradecommission on a USD 250,000 trade, major exchange
0.35%
Not in the schedule
0.81%average of 47 other banks
Bond tradecommission on a USD 500,000 trade
0.25%
Not in the schedule
0.96%average of 42 other banks
Third party fund subscriptionfee on a USD 250,000 subscription
0.35%
Not in the schedule
1.40%average of 42 other banks
Transfer of securities to another bankper position
USD 65
Not in the schedule
USD 127average of 38 other banks
Account maintenanceper year
Not in the schedule
USD 312 a year
USD 1,312 a yearaverage of 26 other banks
Minimum annual feeper year, or fee below the asset threshold
Not in the schedule
USD 312 a year
USD 4,444 a yearaverage of 38 other banks
Outgoing international transferper transfer, standard
Not in the schedule
USD 52
USD 57average of 61 other banks
Each fee is rated against the average of the other banks that publish it: five stars is the lowest, one star the highest. The schedules, their dates and what each leaves out are listed centre by centre below.
Price level of the published fees5 fees compared with the other banks that publish them
Not in the published schedule: discretionary mandate, advisory mandate, currency conversion, account maintenance, minimum annual fee, outgoing international transfer, closing the account, lombard loan margin.
Third party payments. The schedule states: “The bank will seek discounts on up-front fund charges from fund managers and pass them on to clients.”
Isle of Man · Standard Bank Isle of Man LimitedCentre file
Not in the published schedule: custody and safekeeping, discretionary mandate, advisory mandate, equity trade, bond trade, third party fund subscription, currency conversion, transfer of securities to another bank, closing the account, lombard loan margin.
How the comparison works: USD 25 million booked with the bank: half under a discretionary balanced mandate, half in custody with advice; 24 equity trades of USD 250,000 and 8 bond trades of USD 500,000 a year; 6 currency conversions of USD 1 million; 24 outgoing international transfers. Tiered fees are applied to those amounts tranche by tranche, stated minimums are applied, and amounts are converted at indicative rates of 2026-11-06. Read how we compare fees.
The bank at a glance
Identity, protection and services
Ownership
Group parentStandard Bank Group Limited (listed, JSE) Source
ControlWidely held; no shareholder with 10% or more Source (30 June 2026)
Holder of 10% or moreIndustrial and Commercial Bank of China, 19.7% in Standard Bank Group Limited Source (30 June 2026)
Holder of 10% or moreGovernment Employees Pension Fund (assets managed by the Public Investment Corporation, wholly owned by the South African government), 14.3% in Standard Bank Group Limited Source (30 June 2026)
Ownership is shown as published, with its date. It describes who owns the bank; it does not, by itself, suggest any wrongdoing by the bank or its owners.
Booking entities
JerseyStandard Bank Jersey LimitedJersey Financial Services Commission (JFSC) · Locally incorporated subsidiary · LEI 213800H3MQH718V43A59Licence: JFSC Banking DC0035; Investment Business IB0117 (A dealing, B managing, C advice); Fund Services Business FSB0669 (investment manager, adviser, distributor, trustee, custodian, depositary); Money Service Business MSB0125 (notified) Source
Isle of ManStandard Bank Isle of Man LimitedIsle of Man Financial Services Authority (IOMFSA) · Locally incorporated subsidiary · LEI 213800Y2OJ5121KMJ968Licence: 'Standard Bank Isle of Man Limited is licensed by the Isle of Man Financial Services Authority' (bank's regulatory status page); licence class not obtained from the register Source
Financial strength, as reported
Credit ratingsMoody's Ba2 (Standard Bank Group Limited (parent)); Fitch BB- (Standard Bank Group Limited (parent))
CET1 ratio13.6% (30 Jun 2026 (interim))
Total assetsZAR 3,808.0 billion (30 Jun 2026 (interim))
Shareholders' equityZAR 272.0 billion (30 Jun 2026 (interim))
Offered at one or more booking centresOffered by the group, not confirmed at a centreNot located, which does not mean unavailable Checked on the bank's own pages for each centre.
Access and costs
Minimum relationshipJersey:Not published Isle of Man:Not published
US personsJersey: Not published Isle of Man: Not published
Fee scheduleJersey: Published, Rates apply as at 31 July 2019 (refs RMC2019.129A; GMS-11084 09/2019) SourceCompared below Isle of Man: Published, The charges shown apply with effect from 01 January 2025 (ref IM2024.105 | JSY2024.26, P07 | IPB | 2024-12) SourceCompared below
Third party paymentsJersey: Published Source Isle of Man: Published Source
Transfer out termsJersey: Published Source Isle of Man: Published Source
Protection of client assets
Deposit protectionJersey: Jersey Depositors Compensation Scheme: GBP 50,000 per eligible depositor per Jersey banking group, payment aimed within seven working days; the GBP 100 million total cap was removed on 1 April 2026. Isle of Man: Bank states its deposit protection coverage: Standard Bank Isle of Man Limited is a participant in the Isle of Man Depositors' Compensation Scheme; the maximum is limited to GBP 50,000 (for an individual, other than a trustee or nominee) and GBP 20,000 (for most other categories of depositor).
Custody lawJersey: Investment Business (Client Assets) (Jersey) Order 2001: client property must be segregated and held on trust, and art. 22 allows a firm to lend client property only with the client's written consent. It applies to banks registered for investment business. Isle of Man: Not published
Custody termsJersey: Published Source Isle of Man: Published Source
Before opening an account
Moving the portfolio. Use the published transfer terms as a starting point. Ask the bank to flag positions in your portfolio that would require consent, manual handling or a sale, and to quote the charges separately.
Working with your adviser. The external-manager capability is documented at group level. Ask which entity would sign the mandate, whether your manager can trade directly, and which instructions must come from you.
Exit costs. The fee comparison shows USD 65 per position for a securities transfer. Ask what rate would apply to your mandate and whether the receiving bank or a sub-custodian would charge separately. See published fees. Jersey
International payments. The fee comparison shows USD 52 for a standard outgoing transfer. Ask whether intermediary charges and FX spreads are billed separately for the currencies you use. See published fees. Isle of Man
Your experience
Rate Standard Bank
If you bank with Standard Bank in any of its booking centres, or advise clients who do, your experience forms part of its PPLI.com rating. Please say which centre you deal with. Every response is read by the editor and treated in strict confidence.
Before we publish a significant negative finding that is not already public, we give the bank the facts and time to comment, on the same timetable for every bank. Decisions of regulators and courts are shown as they were published. Corrections we verify are published with the date of the change. Write to [email protected] quoting the reference of the booking centre concerned: Jersey BK-JE-STANDARD-BANK-JERSEY-6AB595; Isle of Man BK-IM-STANDARD-BANK-IOM-9DE532.
Reviewing this file with us
Families and their advisers read this file before they open an account. It can only be as complete as the documents we can find, and much of what sets a private bank apart, from its custody terms to the way a client team works, is rarely published.
If you represent Standard Bank, one of our Bank Intelligence analysts can go through the file with you: correct anything that is out of date, add terms and documents that are not yet public, and set out what has improved since our last edition. The review is a paid engagement for the analyst's time and research.
The rating itself stays with our editor and follows what the documents show, so we cannot promise a particular result. When a review changes the file, this page notes that the bank took part, with the date and what was added.
Brought together by the PPLI.com research desk from the files of its booking centres and the public sources listed. The rating is our editorial opinion; read how the overall rating is built.
Important information. Editorial opinion of PPLI.com on the date shown, based on public information, client experience and editorial judgment. Not a statement of fact, a credit rating or investment, legal, tax or financial advice; verify with the bank and your own advisers before acting. No liability is accepted for reliance on this content. Bank names and logos are used for identification only. Ratings are updated every quarter. This is the Q4 2026 edition, and a rating can change between editions if something material happens. Full disclaimer
Rating signed by Noam Cohen, Editor, Bank IntelligenceReviewed 6 November 2026Methodology 2.4Overall rating weighted by UHNW client ratings
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