Designed for the whole family and tailored for each member. The family banking solution provides bundled banking benefits to ensure that you and your family have the banking products you need and more.

Banking solutions designed for your family's needs

Gold
Premium

To provide true value when it comes to banking as a family, the Gold Value Bundle Account has bundled the most preferred banking products and benefits at a discounted rate to suit every family member’s banking needs.

What you get

Cash Rewards

Earn cash back with Absa Rewards

Overdraft Facility

Cover for rainy days. Get instant access to money in your cheque account to cover unexpected expenses.

Tell me more

Absa Rewards and Absa Advantage

Cash back and free meals for completing simple challenges on your Banking App.

Account holder and spouse account benefits
50% discount on the monthly account fee when you maintain a balance of R30 000 or more

50% spouse discount on their monthly fees if they have a Gold Value Bundle

Free ATM and POS Cash Withdrawal transactions up to R3 000 each month.
Kids account benefits
No monthly fee

Food voucher

Cash deposits of up to R500 at Absa ATMs, branches and cash acceptors.

Airtime / data pre-paid top-ups at points of sale, Absa ATMs, Online, Telephone and Cellphone banking

Debit card purchases and tap-and-go purchases

Internal debit orders and stop orders.
Get cash back with Absa Rewards
Absa Rewards programme rewards you for banking with Absa by putting cash back in your pocket. You earn cash back on all qualifying transactions and get access to great offers and promotions from our Rewards partners participating in the programme. Use your Absa card for point-of sale and online purchases.

The percentage cash back that you can earn on all your qualifying transactions is based on your Rewards Tier. Your Rewards Tier is calculated on the type and number of product categories that you hold and on how you bank.

Earn up to 30 % cash back:

When you fill up and shop at Sasol

At participating grocers, Food Lover’s Market, Pick n Pay and Woolworths

On selected health and beauty products at Dis-Chem and Baby City

From our Digital partners

Up to 1.15% real cash back on all other Absa card purchases

Customers under the age of 55 are not able to move beyond Tier 1 unless they have downloaded and registered on the Absa Banking App.

Get 50% off Nu Metro movie tickets

Visit: absa.co.za/rewards to learn more or call us on:

0861 78 88 88

Email us at:

absarewards@absa.co.za

Terms and conditions apply.
Who Qualifies for this
Anyone who:

Earns a recommended gross monthly individual income between R4 000 and R25 000

Is 18 years or older

Is a South African citizen or ID carrying resident

MegaU kids account:·

Your child must be younger than 19 years

If they are under 16 years, permission from a parent or guardian must be granted

A minimum deposit of R10.00 is required to activate the account

A minimum account balance of R10.00 to be maintained at all times.
What to bring when you apply
Please provide the following Financial Intelligence Centre Act (FICA) requirements:

Your bar-coded identity document (ID), valid passport or work permit

Your proof of income which could be a payslip, latest three (3) months’ bank statements, contract of appointment, or a completed income declaration form

The original document or a certified copy of one of the following documents verifying your residential address, not more than three (3) months old, for example:

Utility bill

Lease or rent agreement

Telkom statement, etc.

The Premium Banking Account offers you and your family access to a full suite of banking products and life style benefits. Get access to priority banking services and discounted spouse account.

What you get

Premium banking

A dedicated premium line exclusively to assist you with applications and quick and easy access to product information.

Priority banking

A priority banker is available for your everyday banking needs and a financial advisor to help you design a long-term financial plan for your unique lifestyle.

Free Will

Get a Will drafted and ensure that all your wishes are carried out legally and your loved ones are taken care of.

Lifestyle and travel benefits

Open up your life and money to the world with foreign currency investments, international money transfers, lounge access, chauffeured drives and a host of travel benefits.

Absa rewards

Make money with every swipe and get cash back in your pocket with Absa Rewards.

Tell me more

Absa Rewards and Absa Advantage

Cash back and free meals for completing simple challenges on your Banking App.

Account holder and spouse account benefits
50% discount on the monthly account fee when you maintain a balance of R50 000 or more

50% spouse discount on their monthly fees if they have a Premium Banking account

Free ATM and POS Cash Withdrawal transactions up to R4 000 each month.
Kids account benefits
No monthly fee

Food voucher

Cash deposits of up to R500 at Absa ATMs, branches and cash acceptors.

Airtime / data pre-paid top-ups at points of sale, Absa ATMs, Online, Telephone and Cellphone banking

Debit card purchases and tap-and-go purchases

Internal debit orders and stop orders.
Get cash back with Absa Rewards
Absa Rewards is an optional benefit with a low monthly fee, which gives you great savings as well as cash back benefits when using either your debit or credit card.

Earn as much as:

4.5% in Cash rewards every time you shop at one of our participating grocery partners when using your debit card.

30% in Cash rewards every time you shop at one of our participating grocery partners with your credit card.

4.5% in Cash rewards every time you shop or fill up at Sasol with your Absa Debit Card.

30% in Cash rewards every time you shop or fill up at Sasol with your Absa Credit Card.

Swipe your Absa card at Nu Metro and get 50% discount on up to twelve (12) tickets for 2D and 3D movies, two (2) tickets for Xtreme screening and two (2) VIP movie tickets per annum.

Move up a tier and boost your Cash Rewards by adding products or improving the way you bank digitally.

Terms and conditions apply.
Multi-Currency Cash Passport
The Multi-Currency Cash Passport allows you to preload up to seven different foreign currencies so that you can easily take your spending money overseas.

Lock in the exchange rate and avoid fluctuations

Your card is valid for up to five years.

You can check balances, view transactions and move money between currencies using the Multi-currency Cash Passport™ mobile app or online via https://www.cashpassport.co.za/

24/7 global assistance

Terms and conditions apply
Who qualifies for this
Anyone who:

Earns a recommended gross monthly individual income between R25 000 and R62 500

Is 18 years and older

Is a South African citizen or ID carrying resident

MegaU kids account:

Must be younger than 19 years

If under 16 years, permission will need to be granted by either a parent or guardian.

A minimum deposit of R10 is required to activate the account, immediately after opening the account.

A minimum account balance of R10 to be maintained at all times
What you need to bring when you apply
Please provide the following Financial Intelligence Centre Act (FICA) requirements:

Your bar-coded identity document (ID), valid passport or work permit

Your proof of income which could be a payslip, latest three (3) months’ bank statements, contract of appointment, or a completed income declaration form

The original document or a certified copy of one of the following documents verifying your residential address, not more than three (3) months old, for example:

Utility bill

Lease or rent agreement

Telkom statement, etc.

Take-up Family Banking at your nearest branch

FAQs - General

Do I qualify for a Gold or Premium Family Banking offer?

How will I know if the Gold/Premium Family Banking offer is right for me and my family?

What makes this Family Banking offer better than family banking products offered by other banks?

How does the price of the Gold/Premium Family Banking offer work? I understand that you only pay one fee.

Will the main member pay the Family Banking monthly fee?

What are the terms to maintain the 50% discount?

Is Absa Rewards included in the Family Banking offer?

Is the free Will benefit available for both Gold and Premium Family Banking offers?

What is the difference between Bank On Me and Fee Redirection?

What are the terms and conditions of the Expense Protector and funeral benefit?

What else do I need to know about this offer?

Do I qualify for a Gold or Premium Family Banking offer?
The Gold Value Bundle is recommended for people earning between R4 000 and R25 000.

Premium Banking is recommended for people earning between R25 000 and R62 500.
How will I know if the Gold/Premium Family Banking offer is right for me and my family?

It is important to understand the types and number of transactions that you perform in a month.

Transactions such as ATM withdrawals, card purchases, internet banking, funds transfers and others are already provided for within the Gold/Premium account at no extra cost.
What makes this Family Banking offer better than family banking products offered by other banks?

The Family Banking offer has taken into account the most preferred transactions and products, bundled them at a discount to ensure that you have all the banking services you need and more.
How does the price of the Gold/Premium Family Banking offer work? I understand that you only pay one fee.

You only pay for the main account and 50% for the spouse’s account. The fees will be debited to the respective accounts, unless the main accountholder has chosen the Bank On Me option or the spouse chose the Fee Redirection option.

The fees charged cover a number of bundled transactions and some lifestyle benefits. If you use the number of transactions provided within the bundle, you will only pay the monthly management fee.

However, if you use a branch, or exceed the number of transactions provided, you will be charged per transaction as per the latest Pricing Brochure which is available on www.absa.co.za
Will the main member pay the Family Banking monthly fee?

The main member may opt to pay the Family Banking monthly fee on behalf of the partner/children.

The spouse or partner can alternatively choose to pay their own monthly discounted fees or request a Fee Redirection to the main accountholder.
What are the terms to maintain the 50% discount?

The spouse discount expires after 3 (three) years. The spouse or life partner needs to validate the spousal relationship every 3 (three) years to qualify for the 50% discount on their monthly fee.
If the spouse or life partner does not validate the relationship, they will lose their spouse discount. The account will revert to the normal monthly service fee.

The spouse discount will end if the main accountholder cancels their Gold/Premium Banking Account or if the account is closed for any other reason, the account will revert to the normal Gold/Premium Banking monthly fee.
Is Absa Rewards included in the Family Banking offer?

No, the Absa Rewards membership fee is not included in the Family Banking offer. Both the main accountholder and spouse need to opt into the Absa Rewards programme and pay the monthly fee.
Is the free Will benefit available for both Gold and Premium Family Banking offers?

The free Will benefit is only available on the Premium Banking account. The main accountholder or spouse can get a Will drafted, which will ensure that your wishes are carried out legally and your loved ones are taken care of in the event of your death.

You can apply through Absa Online or contact Absa Wills directly on 0860 627 775.
What is the difference between Bank On Me and Fee Redirection?

Bank On Me gives the main accountholder the option to pay the monthly banking fees on behalf of their spouse/partner or children.

Fee Redirection allows the spouse/partner to request to redirect their monthly banking fees to the main accountholder.
What are the terms and conditions of the Expense Protector and funeral benefit?

Please refer to the product specifications for detailed terms and conditions.
What else do I need to know about this offer?

When using our digital channels such as Internet Banking, App or USSD, you have access to a range of services such as prepaid airtime/data, electricity, CashSend, debit order reversals and more.

FAQs - Spouse

Does Gold/Premium Family Banking offer spouse discount?

Who is defined as a spouse?

What is the qualifying criteria for a spouse account?

How many spouses are included in the Family Banking offer?

Does Gold/Premium Family Banking offer spouse discount?

Yes, the 50% spouse discount on cheque account monthly fees is available on both the Gold and Premium accounts.
Who is defined as a spouse?

A spouse is defined as an individual in a marriage that is legally or otherwise recognised (including religious rights or customary law) or is in a recognised civil partnership, or can prove by affidavit that he/she is and has been in a continuous relationship sharing a common household for at least 3 (three) years.
What is the qualifying criteria for a spouse account?

The Gold Spouse Value Bundle is recommended for a spouse earning between R4 000 and R25 000.

The Premium Banking Spouse is recommended for a spouse earning between R25 000 and R62 500.
How many spouses are included in the Family Banking offer?

Only one spouse will qualify for spousal benefits.

FAQs - Children

How many kids are included in the Family Banking offer?

How many kids are included in the Family Banking offer?

There is no limit to the number of children to be included.

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