Banking

 

Platinum Account

Live in style with our premier cheque account. Choose the Value Bundle or simply pay as you transact.

Qualifying Criteria
  • you’ll need to earn a minimum of R25 000 to qualify for a Platinum Cheque Account
  • you must be a South African citizen
  • only individuals can open a Platinum Cheque Account
Benefits

Pay just R149.00 per month or less for a Value Bundle and get a range of lifestyle benefits, plus a selection of bundled transactions.

  • Cash back into your cheque account if you add an Absa credit card, home loan or vehicle finance to your portfolio
  • Enjoy 8 free Take Me Home services per year
  • Unlimited card swipes and electronic transactions
  • Opt for Priority Pass at an additional fee and enjoy access to 600 airport lounges worldwide
  • Get great deals on devices and data
  • Enjoy convenient banking with our dedicated platinum line, or with priority bankers at selected branches

Account features

The Platinum Cheque Account gives you full access to all our channels, such as Internet and Cellphone Banking and our Mobile Banking App. Exclusive to this account is access to financial advisors, priority bankers and airport lounges.

Choose a payment option to suit you:

  • Value Bundle, whereby you get a parcel of free transactions, plus other benefits, all for a set monthly fee 0f R149.00

OR

  • Pay-As-You-Transact, where you are charged a small monthly fee of R33.00, thereafter pay only when you transact
Platinum Value Bundle

Choose the Value Bundle and get these extra benefits:

  • a bundle of FREE transactions:
    • 8 Absa ATM cash withdrawals
    • 5 Absa ATM cash deposits
    • unlimited card swipes
    • unlimited electronic payments
    • any unused transactions will roll over for one month
  • add an Absa credit card, home loan or vehicle finance to your portfolio and get cash back
  • A free R20 000 lump sum death benefit – also available to your spouse or life partner if they have a Platinum Value Bundle
  • free access to Take Me Home – a designated driver service that ensures you and your car get home safely after a night out (8 free incidents per year)
  • free NotifyMe, whereby we immediately alert you to activities on your account via SMS or e-mail
  • 50% discount on your spouse or life partner’s monthly fees if they have a Value Bundle
  • up to 50% discount on your monthly fee if you keep a positive balance in your account
  • travel in comfort with an optional Priority Pass, offering five free airport lounge visits at R59 per month

Not for you? Find the right cheque account

Standard Account Features

  • convenience with Priority Bankers at selected branches for your day to day banking needs
  • exclusive access to services and information through a dedicated Platinum line
  • a Platinum Financial Adviser is available to help manage and grow your wealth
  • exclusive access to services and information through a dedicated Platinum line
  • no monthly subscription fees for Absa Online, Telephone Banking and Cellphone Banking
  • free internal debit orders
  • free internal and external stop orders
  • more value for your money with great device and data deals exclusive to Absa customers
  • switch your Debit Orders - absolutely free

How to use your account

  • you get a Platinum Absa debit chip card with a unique PIN (Personal Identification Number) for added security
  • shop in-store or online with your debit card
  • pay your accounts, see your balance and statement, withdraw, deposit and transfer money at ATMs and Absa banking halls or using electronic banking
  • your transaction charges are reduced if you use channels such as ATM, Absa Online, Telephone Banking, Cellphone Banking and point of sale
  • set up debit orders, stop orders, scheduled payments, third party payments and third party cheques
  • send cash to a loved one using CashSend, even if they don’t have a bank account - they simply collect the money at an ATM
  • make immediate interbank payments
  • buy pre-paid airtime or electricity
  • securely shop online using Authenticated Mobile Transaction
  • the option to apply for an overdraft facility or ATM Instant Loan, subject to credit assessment.
  • your approved overdraft of R250 or less will be exempted from monthly fees (although you will still pay interest on the R250 overdraft if you use it)
  • add Absa Rewards and you’ll earn cash rewards on all qualifying transactions every time you swipe your debit card
  • you can apply for a Platinum cheque book at an additional cost.

How to open your account

To open a Platinum Cheque Account we’ll need:

  • your ID
  • proof of residence
  • proof of income

To get your Platinum Cheque Account now, apply online, call us or visit your nearest branch.



Contact Platinum Line
What it Costs

Compare all our fees

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