Get the best benefits when you open an Absa bank account
Enjoy low fees, free student accounts, instant access to money for rainy days and much more.
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- Explore Not sure which bank account you need? Let's help you.
- Compare Have a good idea which bank account you want? Get fast-tracked here.
- Saved Application Even the things we want the most take time
Our new pricing aims to support all our customers. Youth and student accounts are free. Absa Transact, Gold Value Bundle, Premium, and Private Banking will have no monthly increases. All while still offering a range of the best financial services.
FREE Student Banking
Zero monthly fees.
Overdraft
Instant cash to cover unexpected expenses.
Free Accidental Cover
The first 200 000 customers get a free 12 month accidental policy.
Save in Foreign Currency
Diversify your investment portfolio with a Currency Investment Account.
Most popular accounts
Gold Value Bundle
Recommended income:
R4 000 pm
Monthly fee:
R125
- Free Currency Investment Account
Premium Banking
Recommended income:
R25 000 pm
Monthly fee:
R230 pm
- Free Currency Investment Account
Transact Account
Recommended income:
R0
Monthly fee:
R5.50
- Embedded life cover of R5 000
- Unlimited point-of-sale (POS) purchase
- Unlimited Absa ATM or POS balance enquiries
ultimatebank
Absa Ultimate Banking
Ultimate
Monthly fee:
R98
Ultimate Plus
Monthly fee:
R220
View all our accounts
Everyday banking accounts
Accounts with lifestyle benefits
Youth and student accounts
Account for seniors
Make the switch
ChatWallet
Recommended income:
R0
Monthly fee:
R0
- Chat to bank
- No bank account needed
- All you need is WhatsApp
Transact Account
Recommended income:
R0
Monthly fee:
R5.50
- Embedded life cover of R5 000
- Unlimited point-of-sale (POS) purchase
- Unlimited Absa ATM or POS balance enquiries
Flexi Account
Recommended income:
R3 000 pm
Monthly fee:
R45.00
- Access to ATM Instant Loans
- R15 000 lump sum life cover included
Gold Value Bundle
Recommended income:
R4 000 pm
Monthly fee:
R125.00
Premium Banking
Recommended income:
R25 000 pm
Monthly fee:
R230.00
Private Banking
Minimum income:
R62 500 pm
Monthly fee:
R475.00 pm
- Access to a dedicated private banker
- A host of lifestyle benefits available
- Access to international banking options
Student Account
Recommended income:
N/A
Monthly fee:
Zero monthly fee
- Discounts at selected retailers and food outlets
MegaU
Recommended income:
N/A
Monthly fee:
None
- For under 20s
- Discounts at selected retailers and food outlets
Islamic Youth
Recommended income:
N/A
Monthly fee:
None
- For under 20s
- Discounts at selected retailers and food outlets
Ultimate Prosperity
Monthly fee:
R220
Prosperity for seniors
Recommended income:
R2 000 pm
Monthly fee:
R60.00 pm
- Exclusive priority banking at selected branches
- For customers 55 years and older
- Monthly fee concession
- Free Currency Investment Account
Switching to Absa couldn’t be easier. Simply choose the bank account that suites your lifestyle, fill in the online application form and switch to Absa.
Open an Absa account
Choose your account
- Premium Banking: Get a better perspective with our Premium Banking cheque account and enjoy added convenience through our Premium service. Minimum income: R25 000
- Gold Value Bundle: Enjoy great value for money that reflects your earning status. Minimum income: R4 000
Switch my debit orders and salary
- You will receive an SMS or email (based on your preferences) to let you know that we have received your request.
- We submit your request to each service provider and follow up with them until everything is switched. Here are companies that will not allow Absa to switch on your behalf; you can contact them to process your request.
- There are some service providers that need more information to switch - so within 48 hours we will send you an update on the status of this, and the next steps to follow to help you complete the switching process.
- Within 2 weeks after submitting your request you will receive confirmation of the deduction date for all successfully switched debit orders.
- If there are still any outstanding debit orders not switched, within 4 weeks, we will send you confirmation of the deduction date for all successfully switched debit orders.
- If there are any outstanding debit orders not switched within 6 weeks, we will contact you with an update and the next steps to be taken; but please don’t close your old account until all your debit orders and salary have been switched to ensure that your payments at these providers are always up to date.
Need more support? Talk to us
Call us on:
0860 100 372 Email us at: switchingqueries@absa.co.za
Switching FAQs
- The online form takes a few minutes to fill in. Once you have completed the switching request, submit the form and we'll take care of the rest
How can I track my switching request?
- You can track your request through this link or by calling 0860 100 372.
What is important to remember when completing the form?
- There are two options available:
- Salary switch, which requires you to fill in your employer’s information
- Debit order switch, which requires you to complete a list of your current debit orders
How long does it take for the switch to be completed?
- Switching will take up to 6 weeks to complete, depending on the service providers you have debit orders with. We will however keep you updated on the progress
Does switching cost anything?
Do I need my spouse’s consent to switch a debit order?
- No, you do not need your spouse’s consent to switch an Absa debit order. However, if the service provider needs more information they will contact you directly.
Do all service providers accept debit order or salary switching instructions from Absa?
- No. Some service providers will only switch on your direct instruction and will not accept switching instructions from Absa
- All employers will only switch on your direct instruction and will not accept switching instructions from Absa
- We will however help you initiate the process by providing you with switching letters to send to these service providers and employers
- See the list of all service providers, who do not accept Absa-initiated debit order or salary switching instructions
Will Absa be able to switch my internal stop orders and beneficiary payments?
- Unfortunately not, but you can have this done by either visiting your nearest Absa branch or on Absa Online
Can Absa change the date when a debit order is due?
- No, only you can change your debit order dates
When do I need to close my old account?
- You can close your old account after:
- you have confirmation that all your debit orders and salaries have been switched;
- your first run of debit orders has come off your new account; and
- your salary has been paid into your Absa account
