How to buy electricity when you bank with Standard Bank

Every South African bank has its own list of processes that need to be followed when you add a new beneficiary, so we have created a helpful guide just for you. We want to make the buying of prepaid electricity as simple and as easy as possible for our customers, which is why we have created the option to buy prepaid electricity online via the Standard Bank website or via their banking mobile app. We supply prepaid electricity to people all throughout South Africa, giving you the option of buying the Eskom produced power for your prepaid meter directly from us.

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To top up your prepaid meter, you need to receive an electricity token. Once you have set up myPrepaid as a beneficiary on your bank account, you will receive your token as soon as the payment has been processed. This simple payment option takes a few seconds to be processed. It is because your electricity can run out at the most inconvenient of times, and because life can get busy, that we offer you the option to buy your prepaid electricity online. With this service, you will never be left in the dark again.

Payments made to myPrepaid, via your bank’s website or mobile app, are designed to be safe, with your finances and your information kept tightly secure. You will receive your token via email once the payment has been processed. With everything done without the need for paperwork or the need to drive to your nearest shop, we can help make your life easier.

As a banking beneficiary, you will also be able to top up your Vodacom or Telkom airtime or data bundles whenever you need to.

Make the small choices in life simpler by using the services of myPrepaid and never worry about running out of electricity again.

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This is how to add myPrepaid when you bank with Standard Bank:

  1. Log in
  2. Click on Payments and Transfers
  3. Click on the add new beneficiaries tab
  4. Add new Private beneficiary
  5. Select Standard Bank
  6. Enter myPrepaid as the beneficiary name
  7. Enter account number 401718042
  8. Enter a beneficiary reference given to you by myPrepaid e.g. **********E001
  9. OTPs may be required
  10. Pay the newly created myPrepaid beneficiary to receive your token