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transact banking card
Monthly fee
R6.50
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Key benefits of your Transact Account

Transact Account unlimited card swipes

Low monthly fee

Pay just R6.50 monthly, making this account ideal for tight budgets or first-time bankers. Keep more moolah in your pocket.

Transact Account till point withdrawals

Unlimited free transactions

Enjoy free unlimited card swipes and Absa ATM withdrawals/deposits. Shop at till points or online without worrying about transaction fees.

CashSend

Absa Rewards

Join FREE Absa Rewards and earn real cash back. Track and redeem rewards via your Absa Banking App.

Transact Account life cover

Free Life Cover

Get R5 000 lump sum life cover included at no extra cost, offering peace of mind for you and your family for the 1st 12 months.

What’s included in your Transact Account

Transact Account benefits

Rates and fees

What you need to apply

Smarter banking features

Lifestyle & travel perks

  • Transact Account benefits

    Digital Banking Convenience

     

    CashSend Transfers

    • Send money instantly to anyone with a South African cellphone number, even if they don’t have a bank account, using CashSend.

     

    Open your Transact Account now

  • Rates and fees

    Perfect for low-income earners, freelancers, or anyone looking to bank smarter. Open your Transact Account and enjoy Absa Rewards, CashSend, and more.

     

    • Monthly fee: R6.50

     

     

  • What you need to apply

    Open an Absa Transact Account with ease. Here’s what you need:

     

    • Valid South African ID or passport for foreign nationals
    • Proof of residence (e.g., utility bill) not older than three months
    • No payslip or minimum income required, making it accessible for students, freelancers, or unemployed individuals.

     

    Apply online in minutes or visit an Absa branch to start your banking journey.

     

    Start your application today

  • Smarter banking features

    Bank confidently with features tailored for South Africans:

     

    • Digital Access: Free Absa Banking App and online banking with in-app/email notifications
    • Contactless Debit Card: Unlimited swipes, tap-and-pay, and digital wallet integration
    • Free ATM Transactions: Withdraw or deposit at Absa ATMs with no charges
    • CashSend: Instant money transfers to any South African cellphone number
    • Life Cover: R5 000 lump sum included for free
    • Prepaid Transactions: Top up airtime, data, or electricity via the Banking App or Absa ATMs with no fees.

  • Lifestyle & travel perks

    Elevate your banking experience with these benefits:

     

    • Absa Rewards: Earn cashback on card purchases with free membership
    • Digital Fraud Warranty: Added protection for Absa App transactions
    • Budget Calculator: Use our free online tool to manage your monthly budget
    • Prepaid Top-Ups: Buy airtime, data, or electricity with no transaction fees.

Frequently Asked Questions
 

Start banking the way you have always wanted to

Download the Absa Banking App today.

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Need more help?

Let one of our consultants help you get the best account for your needs.

Call us on: 0860 100 372

Email us at: absa@absa.co.za

Visit your nearest branch