What is Absa Premium Banking?

A premium cheque account for South Africans earning R25,000 to R62,500 monthly, offering priority banking, cashback rewards, and travel perks.

Who qualifies for Absa Premium Banking?

Anyone aged 18 or older earning R25,000 to R62,500 monthly, with a valid ID/passport, proof of residence, and proof of income.

What are the key benefits of Absa Premium Banking?

Enjoy priority banking, Absa Rewards cashback, airport lounge access, travel insurance, and competitive Savings Boosters.

Is there a fixed monthly fee for Absa Premium Banking?

Yes, R240 per month, with a 50% discount for maintaining a R50,000 balance.

How do I apply for Absa Premium Banking?

Apply online with your ID/passport, proof of residence, and proof of income. It’s quick and easy via the Absa Banking App.

Can I access investment options with this account?

Yes, Savings Boosters and Currency Investment Accounts are available to grow your wealth.

How do I maintain the account benefits?

Maintain an active account with at least five card transactions monthly, including two prepaid transactions, to maximise rewards.

Absa Premium Debit Card | Banking Benefits

Name: Absa Premium Banking Debit Card
Brand: Absa
Availability: InStock

Monthly fee

R240

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Why Choose Absa Premium Banking?

Absa Premium Banking offers elite banking with exclusive services, from priority support to travel perks. Whether you’re shopping online or planning an overseas trip, our premium debit card simplifies your financial life.

One card, one solution

Access your debit, credit, and savings accounts with a single debit card

Priority banking service

Enjoy exclusive banking with dedicated support from our Premium Banking agents.

Lifestyle and travel perks

Unlock travel banking benefits like lounge access, travel insurance, and forex investments.

Absa Rewards and Advantage

Earn cash back rewards with Absa Rewards and free meals by completing simple Banking App challenges.

Application requirements

What you need to apply
Join Absa Premium Banking with ease. Here’s what you need to qualify for this high-net-worth banking solution:

Monthly Fee: R240

Monthly income of R25 000 or more

Valid South African ID or passport for foreign nationals

Proof of residence (e.g., utility bill)

Latest payslip.

Apply online in minutes and start enjoying priority banking tailored to your lifestyle.
Rates and fees
Open your Absa Premium Banking account today and bank smarter anywhere in South Africa.

Monthly fee: R240
Smarter banking features
Smarter Banking with Absa Premium Bank with confidence using our premium banking features designed for convenience and security:

Online Overdraft: Apply for an overdraft instantly via Absa Online or the Banking App

Included Benefits:

Access to Absa Online and Banking App with in-app notifications

Unlimited card swipes and contactless tap-and-pay

Up to R4 000 in Absa ATM cash deposits and withdrawals

One-card solution for debit, credit, and savings accounts

Secure transactions with chip-enabled debit card

Store card details in MasterPass for easy payments

Lifestyle and travel benefits

Elevate your lifestyle with travel banking and exclusive rewards tailored for South Africans.

Join Absa Rewards to get great benefits, including:

Real cash back on Absa card purchases*
50% off Nu Metro movie tickets nationwide*
Up to 30% cash back at Sasol fuel stations*

*Terms and conditions apply.

Foreign bank notes for 22 major currencies (order via branch if unavailable)
Multi-currency Cash Passport for four currencies, reloadable via 0860 151 151
Travel insurance included with your Premium Banking credit card
Preferential rates at Bidvest Lounges
Up to 30% off Etihad flights via Travelstart.

Open a Currency Investment Account in 17 currencies to hedge against rand fluctuations
Access a financial adviser for wealth enhancement
Free financial needs analysis.

Swift transfers for international bank-to-bank payments
Western Union for fast, person-to-person global transfers.

No matter where you are, enjoy exclusive offers, Rewards and benefits simply by using your Visa card:

Exclusive Visa offers and rewards worldwide
Register your card for instant access to Visa services.

Extend the perks of premium banking to your loved ones:

50% off monthly fees on a Premium Banking cheque account for your spouse
Free MegaU Account and app for children under 19
R25 000 lump sum life cover
Free will drafting.

Start banking the way you have always wanted to

Download the Absa Banking App today.

Additional Premium Banking features

Overdraft facility

Cover unexpected expenses with instant access to funds via your cheque account.

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Easy account switching

We handle your debit order switch for free. Download the switching form,
complete it, and email to switching@absa.co.za.

Wealth enhancement

Get free financial needs analysis, easy access to a financial adviser and more.

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Frequently Asked Questions

What is Absa Premium Banking?

Absa Premium Banking is an elite banking solution for individuals earning R25 ,000+ monthly, offering a one-card solution, Absa Rewards, travel perks, and priority service.
Who qualifies for an Absa Premium Banking account?

You need a monthly income of R25 000, a valid South African ID or passport, proof of residence, and your latest payslip to qualify for this high-net-worth banking account.
What are the benefits of the Absa Premium Debit Card?

The card offers contactless payments, access to debit, credit, and savings accounts, travel insurance, lounge access, and cash back rewards via Absa Rewards.
How much is the monthly fee for Premium Banking?

The monthly account fee is R240, covering unlimited card swipes, ATM transactions, and access to Absa Online and the Banking App.
How do I apply for Absa Premium Banking?

Apply online with your ID, proof of residence, payslip, and confirmation of R25 000+ monthly income. It’s quick and easy to start enjoying priority banking.
What travel benefits come with Premium Banking?

Enjoy travel banking perks like travel insurance, Bidvest Lounge access, 30% off Etihad flights, and a Multi-currency Cash Passport for global transactions.
How does the one-card solution work?

The Absa Premium Debit Card combines access to your debit, credit, and savings accounts, offering contactless tap-and-pay and secure transactions via MasterPass.
Can I switch my debit orders to Absa Premium Banking?

Yes, we’ll switch your debit orders for free. Download the switching form, complete it, and send it to switching@absa.co.za.
Ready to Bank Smarter?

Join Absa Premium Banking today and unlock exclusive banking with rewards, travel perks, and a one-card solution. Apply now to elevate your financial journey.