If you are unemployed or earn less than R2 000 per month, this basic and affordable transactional account will meet all your banking needs

Apply now

Transact debit card
No monthly fee for internet banking
No monthly fee for internet banking

Manage your money anytime with mobile banking.

Top-up prepaid
Top-up prepaid

You can top up your prepaid electricity and airtime using this account.

Access to Absa loans
Access to Absa loans

Build a good track record and you can qualify for Absa ATM loans.


Send money to your family and they can receive money at any Absa ATM without a card or bank account.

How to get it and what you can expect

To open a Transact account you will need
To open a Transact account you will need:
  • A valid, bar-coded South African identity document
  • Proof of residence
  • To close any existing Absa transactional account/s
Account features
Account features
  • Minimum monthly fee of R4.95
  • Simple and easy pricing structure
  • Pay for your purchases using your debit card at no charge
  • Register for cellphone banking and manage your money anywhere and anytime
  • Access and manage your money 24-hours a day through cellphone banking
  • No charge for balance enquiries at Absa ATMs, selected retailer point-of-sale (POS) and Absa supported ATMs
  • Safely withdraw cash from selected retailers
  • Access to NotifyMe, a service that alerts you whenever there is activity on your account
  • No minimum balance required to open an account
  • Buy prepaid electricity using this bank account
  • You can top-up your prepaid airtime account
  • Monthly statements and interim statements are available on request, for a fee, from Absa ATMs or branches
How to use the account to transact
How to use the account to transact
  • Purchase goods using your debit card at any merchant or shop where the Maestro/Visa Electron logo is displayed
  • Make withdrawals, deposits, transfers, account payments, print balances and statements at any Absa ATM
  • Request monthly statements and interim statements on request, for a fee, from Absa ATMs or branches

Safety tips on how to use an account card

  • Keep your card safe and be sure to memorise the PIN
  • Never keep the PIN with the card and never give your PIN to anyone
  • You can change your PIN at any Absa ATM or Absa branch
  • Never let the card out of your sight when using it to pay for goods or services at a tillpoint
  • Make sure that you receive your card back after every purchase
  • Keep your copy of the receipt as proof of purchase for your own records
  • Never trust strangers or ask them to help you when you use your card at an ATM
Master wallet
The Absa MasterPass wallet

Make shopping quick and easy with the MasterPass App

Today’s digital world allows you to do business on the go with the Absa MasterPass™ App. This digital payment application makes shopping faster, easier and more convenient. It’s easy – just download the MasterPass App, register and shop away.

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contact us

Need more help?

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

Call us on:

08600 08600

E-mail us at:


Visit your nearest branch