Most popular accounts

Student Account
Recommended income:
N/A
Monthly fee:
Zero monthly fee
- Get 100MB free data every month
- Discount at selected food outlets
- Up to 30% off on a gym membership at selected gyms

Gold Value Bundle
Recommended income:
R4 000 pm
Monthly fee:
R109
- Retrenchment cover of R5 000
- Disability cover of R5 000
- R20 000 lump sum death benefit

Premium Banking
Recommended income:
R25 000 pm
Monthly fee:
R190
- Retrenchment cover of R10 000
- Disability cover of R10 000
- R25 000 lump sum death benefit
There’s a smarter way to open your account. Download it.
If you are a new customer, you can open this Cheque account within minutes by using our App. Download the Absa Banking App and click on “Open an Account”.
Lowest banking fees in South Africa*
We've heard you South Africa, from 1 March, we introduce our new fees for our Everyday banking accounts, providing R500 million in pricing relief to our valued customers.
*Absa Gold Value Bundle and Transact Account proven to be the most inexpensive accounts in their categories according to the 2021 Solidarity Report

View all our accounts

Gold Value Bundle
Recommended income:
R4 000 pm
Monthly fee:
R109.00
- Retrenchment Cover of R5 000
- Disability Cover of R5 000
- R20 000 lump sum death benefit

Premium Banking
Recommended income:
R25 000 pm
Monthly fee:
R190.00 pm
- Retrenchment Cover of R10 000
- Disability Cover of R10 000
- R25 000 lump sum death benefit

Private Banking
Minimum income:
R62 500 pm
Monthly fee:
R460.00 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
- Get 100MB free data every month
- Discount at selected food outlets
- Up to 30% off on a gym membership at selected gyms

MegaU
Recommended income:
N/A
Monthly fee:
None
- For under 20s
- Discount at selected food outlets
- Monthly discount to selected Kidz activities

Islamic Youth
Recommended income:
N/A
Monthly fee:
None
- For under 20s
- Get 100MB free data every month
- Monthly discount on selected Kidz activities

Prosperity for seniors
Recommended income:
R2 000 pm
Monthly fee:
R50.00 pm
- Exclusive priority banking at selected branches
- For customers 55 years and older
- Monthly fee concession
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
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0860 100 372
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