What is Absa Bank on Me?

A service that lets you sponsor banking fees for a family member, employee, or dependant, ensuring they bank without worry.

Who can use Absa Bank on Me?

Anyone with a valid South African ID or passport can sponsor fees for a beneficiary with an active Absa account.

How do I set up Bank on Me payments?

Use Absa Online, the Banking App, or visit a branch with your ID and the beneficiary’s account details to set up a stop order.

Are there fees for using Bank on Me?

No, it’s free for both sponsors and beneficiaries to set up and receive payments.

What happens to unused funds?

Funds are reserved for banking fees only. If the account is closed, surplus funds are paid to the beneficiary after settling any outstanding obligations.

Can beneficiaries earn rewards?

Yes, beneficiaries can join Absa Rewards for free and earn cash back on card purchases.

How do I track Bank on Me payments?

Both sponsors and beneficiaries can view statements via the Absa Banking App or online banking to monitor reserved funds.

Bank on Me | Pay Absa Banking Fees for Someone Else

Hassle-free fee sponsorship

Cover banking fees for a family member, employee, or dependent, ensuring they enjoy cost-free banking with funds reserved solely for fees.

Flexible payment options

Choose once-off, beneficiary, or recurring payments via Absa Online or your Banking App, tailored to your budget and needs.

Free for sponsors and beneficiaries

No additional fees for setting up or receiving Bank on Me payments, making it a budget-friendly way to support others.

Bank on Me benefits
Reserved fee wallet

Funds are held in a dedicated wallet, used only for Absa banking fees, with clear statements to track reserved balances.

Seamless Digital Banking

Manage payments 24/7 with free access to your Absa Banking App, Online Banking, and Cellphone Banking, plus real-time notifications.

Visa Debit Card for Beneficiaries

Beneficiaries enjoy secure, tap-and-pay transactions with a chip-enabled Visa debit card, linked to their Absa account.

Absa Rewards Cashback

Beneficiaries can join Absa Rewards for free and earn cash back on card purchases at participating retailers.

Set up Bank on Me now
How it works
Choose Your Contribution:Decide how much to contribute and whether it’s a once-off, beneficiary, or recurring payment.

Set Up Online or In-Branch: Use Absa Online, your Banking App, or visit a branch with your ID and the beneficiary’s account details to create a stop order.

Funds Reserved for Fees: Payments go into a reserved wallet, used only for the beneficiary’s banking fees.

Track and Manage: Both sponsor and beneficiary can view statements to monitor reserved funds and fee deductions.

Surplus Handling: If the beneficiary closes their account, any surplus funds are paid out to them, after settling outstanding obligations like ATM loans.
What you need to apply
To set up Absa Bank on Me, here’s what you’ll need:

Valid South African ID, passport, or work permit for the sponsor

Beneficiary’s Absa account details

Access to Absa Online, the Banking App, or a branch for setup

No debt counselling, intervention, or curatorship for the sponsor.

Beneficiaries need an active Absa account (e.g., Flexi, Prosperity, or Student Account). Visit a branch or apply online in minutes!

Start sponsoring today
Smarter banking features
Support your loved ones with these convenient features:

No Extra Costs: Free to set up and receive Bank on Me payments

Digital Access: Manage contributions via the free Absa Banking App or Online banking with e-Statements and notifications

Visa Debit Card: Beneficiaries enjoy unlimited swipes and contactless payments with digital wallet compatibility

Transparent Tracking: Comprehensive statements show reserved funds and fee deductions for both sponsor and beneficiary

CashSend Transfers: Beneficiaries can send money instantly to any South African cellphone number via the Banking App or ATMs

Absa Rewards: Beneficiaries earn cash back on purchases, enhancing their banking value.

What is Absa Bank on Me?

A flexible banking account with a R55.00 monthly fee, where you pay only for the transactions you make, plus benefits like Absa Rewards and life cover.
Who can use Absa Bank on Me?

Anyone aged 18 or older with a valid South African ID or passport and proof of residence.
How do I set up Bank on Me payments?

Enjoy pay-as-you-transact banking, unlimited digital banking,
Are there fees for using Bank on Me?

Yes, a low R55.00 monthly fee applies, with additional charges only for transactions you make.
What happens to unused funds?

Apply online with your ID/passport and proof of residence. It’s quick and easy to start banking flexibly.
Can beneficiaries earn rewards?

Complete at least five banking transactions monthly, including two prepaid transactions (e.g., airtime or data top-ups).
How do I track Bank on Me payments?

Yes, ATM loans are available for quick cash access to cover unforeseen expenses.