Youth Banking



Take control of your money with this debit card-based transactional account for under 18s – it even lets you earn interest on what you save

Qualifying CriteriaUnder 18 years of age
  • Valid ID or birth certificate
  • Proof of residence
  • Access and manage your money 24/7
  • Buy airtime, check balances, and bank on your cellphone or the internet
  • Earn interest

Tired of everyone always telling you what you can or cannot do? If you are younger than 18 this account is a great way to take control of your money. It gives you the financial freedom to decide how, when and where you want to spend or save your money.

You can even grow your money by getting paid interest on the cash that’s in your account. Plus, you get to choose your debit card from two funky designs.

Stop messing around with small change and get money-wise by arranging for your parents, friends, bosses and family members to put money directly into your MegaU account by using Internet, Telephone or Cellphone Banking or even the Cash Send option, you and they will never have to use cash or go to a branch again.

Not for you? Check out FuturePlan.

Did you know?
If you register for NotifyMe, you receive notifications and are informed via SMS or e-mail when transactions take place on your accounts.

What you get?
  • No monthly fee, plus free debit card purchases, airtime top-ups, ATM balance enquiries and SMS and e-mail notifications – bank smartly and you could bank for free!
  • Easy 24-hour self-service access through Absa Online, Telephone Banking and Cellphone Banking
  • Register for Absa Online and get convenient banking services such as:
    • Beneficiary payments
    • Online password resetting
    • Forgotten debit card PIN retrieval (or dial 08600 08600)
  • Register for Notify-Me and get an SMS or e-mail every time certain things happen with your account, such as:
    • Payments
    • Purchases
    • Withdrawals
    • Deposits
    • Transfers
    • Scheduled transactions
    • Returned transactions
  • Swipe your debit card to pay at any local or international point of sale (POS)
  • Upgrade to a chip and PIN card for improved safety with a unique PIN to validate all your debit card purchases
  • 24/7 access to the largest ATM network in SA and any international ATM
  • Join Absa Rewards and get rewarded with real cash back every time you use your card. Call 0861 78 88 88 or visit Absa Rewards

Online Application
Complete a secure application form online

Contact MegaU
What it Costs
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