Compensation Fund allows you to link your Standard Bank account to your CF-Filing user account allowing for payments to be loaded into Standard Bank Internet Banking using "MyBills", SBSA Business Online or the SBSA Business Online (nBOL- enhanced platform). These payment instructions require you to log into Standard Bank Internet Banking using "MyBills", SBSA Business Online or the SBSA Business Online (nBOL- enhanced platform) to release them. The payment is not successful until such time as you release it within your Standard Bank banking application.

  • Relax, because you are paying us directly your account is guaranteed to be reconciled and updated.
  • Remove the risk. Using your own banking application is safe and convenient.
  • Pay your account where and when it is easiest for you.
  • Your CF-Filing profile is immediately updated with all payment information.
  • Your payment history is available on the CF-Filing site for a minimum of 2 years.

Pay Your Compensation Fund Account

Add your bank account

  1. Log onto CF-Filing Website.
  2. Select "Manage Profile" and the "Banking Information".
  3. Complete the required banking Information.

Pay Your Account

  1. Log into CF-Filing Website.
  2. Select "Statement of Account" from your home page.
  3. Select the declaration or declarations you wish to pay.
  4. Click "Pay Accounts".
  5. Choose the Standard Bank account type you wish to pay from: Standard Bank Internet Banking using "MyBills", SBSA Business Online or the SBSA Business Online (nBOL- enhanced platform)

Standard Bank Internet Banking using "My Bills".

Add your Account

  1. Log onto Internet Banking.
  2. Select "Payments".
  3. Select "MyBills".
  4. Select "Add New Biller".
  5. Select "Add" next to Compensation Fund Metropolitan Municipality.
  6. Select "Confirm".

Pay your Account

  1. Log onto Standard Bank Internet Banking.
  2. Select "Payments".
  3. Select "MyBills".
  4. Select the Compensation Fund statement to pay.
  5. Complete "My Reference" details and confirm amount.
  6. Pay the selected amount.

Standard Bank Business Online Banking

  1. Log into Standard Bank Business Online Banking.
  2. Click "Funds Transfer" menu.
  3. Choose "Payments" — you will see "All Payments" and "SARS Payments".
  4. Choose "SARS Payments".
  5. All payments requiring authorisation via the credit push payment option from CF-Filing will be visible.
  6. Choose the payment due and click "Create".
  7. Details of the payment will be displayed.
  8. Here you have the option to choose from which Account you would want the payment to be debited.
  9. The only fields that can be changed would be "Debit Account" and "Action Date". Reference and Amount are locked.
  10. Click "OK" to proceed.
  11. Again under the "Funds Transfer" tab choose "All Payments".
  12. Click "View Payments".
  13. All payments waiting for authorisation will be displayed.
  14. Top Tip: Follow the normal workflow as to who would be allowed to authorise for final release.
  15. Search for the CF-Filing payments to release.

Standard Bank Business Online Banking (nBOL - enhanced platform)

  1. Log into Standard Bank Business Online Banking (nBOL)
  2. Click the DOL bills awaiting customer payment link to get access to the CF-Filing payments.
  3. All bills requiring authorisation via the credit push payment option from CF-Filing will be visible. Click the bill to be paid.
  4. Details of the bill will be displayed.
  5. Here you have the option to either Pay or Decline the Bill. A reason for the decline should be indicated where the decline option is selected.
  6. Click "Pay" to pay for the selected bill.
  7. Here you have the option to choose from which Account the payment should be debited from.
  8. The only fields that can be edited are the "Debit Account" and the "Action Date". Reference and Amount are locked.
  9. Click "Submit" to proceed.
  10. The payment will be sent for authorisation as per normal payment workflow.