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.

Family Banking

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.

Absa Flexi account card

What you get

 

CashSend
Lump sum life cover

R20 000  Lump sum life cover.

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Top-up prepaid
Cash Rewards

Earn cash back with Absa Rewards

Get free R15 000 lump sum death benefit
Overdraft Facility

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

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  • 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 withdrawal transactions up to R4 500 each month.

  • Kids account benefits

    • No monthly fee
    • Monthly 100MB data
    • A R20.00 food voucher which can be used at any of our partners, namely Wimpy, Burger King, Debonairs, Nando’s or Steers
    • Monthly discount to selected Kidz activities
    • 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.

Take-up Family Banking at your nearest branch

FAQs - General

FAQs - Spouse

FAQs - Children

  • How many kids are included in the Family Banking offer?

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

  • How old must my kid(s) be to qualify for the kids account?

    The Family Banking offer includes a Mega U Account at no additional cost. The Mega U Account is mainly for kids under the age of 19. If your kid(s) are above the age of 19, they will then be recommended the Student Account which will incur an additional monthly fee.

  • When will my kid(s) receive the data, food vouchers and Kidz Activity lessons?

    Your kid(s) will qualify for the benefit on a monthly basis if they meet either one of the following criteria:

    • Their qualifying account has a minimum balance of R300 or more, which is maintained throughout the calendar month; or
    •  They perform a minimum of four debit or credit banking transactions from their qualifying account per month, of which at least two are data/airtime purchases across any of the Absa channels (namely ATM, Cellphone Banking, Internet Banking or Cellphone Banking Lite).

    If they meet the qualifying criteria as mentioned above, they qualify for the following benefits:

    • 100MB of free data through MTN, Cell C, Vodacom or Telkom. This only applies to prepaid (pay-as-you-go and top-up), and not cellphone contracts.
    • One R20 electronic voucher which can be used at Wimpy, Burger King, Debonairs, Nando’s or Steers.

    A free Kidz Activity lesson (the things kids love to do, i.e. Aquatots). 

  • How do I redeem the data, food vouchers and Kidz Activity lessons?

    You can go to the link www.megaubenefits.co.za when redeeming or dial *120*733# and follow the prompts.


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, discounted spouse account, expense protector and funeral cover for the main member and their spouse

Absa Flexi account card

What you get

 

umbrella with card
Premium banking

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

Star
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.

Jar
Free Will

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

Wealth enhancement
Lump sum life cover

R25 000  Lump sum life cover.

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umbrella with card
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.

card in hand
Absa rewards

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

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  • 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 withdrawal transactions up to R6 500 each month.

  • Kids account benefits

    • No monthly fee
    • Free monthly 100MB data
    • A R20.00 food voucher which can be used at any one of our partners, namely Wimpy, Burger King, Debonairs, Nando’s or Steers
    • Monthly discount for selected Kidz activities
    • 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

FAQs - Spouse

FAQs - Children

  • How many kids are included in the Family Banking offer?

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

  • How old must my kid(s) be to qualify for the kids account?

    The Family Banking offer includes a Mega U Account at no additional cost. The Mega U Account is mainly for kids under the age of 19. If your kid(s) are above the age of 19, they will then be recommended the Student Account which will incur an additional monthly fee.

  • When will my kid(s) receive the data, food vouchers and Kidz Activity lessons?

    Your kid(s) will qualify for the benefit on a monthly basis if they meet either one of the following criteria:

    • Their qualifying account has a minimum balance of R300 or more, which is maintained throughout the calendar month; or
    • They perform a minimum of four debit or credit banking transactions from their qualifying account per month, of which at least two are data/airtime purchases across any of the Absa channels (namely ATM, Cellphone Banking, Internet Banking or Cellphone Banking Lite).

    If they meet the qualifying criteria as mentioned above, they qualify for the following benefits:

    • 100MB of free data through MTN, Cell C, Vodacom or Telkom. This only applies to prepaid (pay-as-you-go and top-up), and not cellphone contracts.
    • One R20 electronic voucher which can be used at Wimpy, Burger King, Debonairs, Nando’s or Steers.
    • A free Kidz Activity lesson (the things kids love to do, i.e. Aquatots). 

  • How do I redeem the data, food vouchers and Kidz Activity lessons?

    You can go to the link www.megaubenefits.co.za when redeeming or dial *120*733# and follow the prompts.

Need more help?

Get in touch on the 24/7 Premium Line:

0860 109 085

International callers:

+2711 501 5006

Email us at:

premiumbanking@absa.co.za
or 

Take-up Family Banking at your nearest branch