What is the Absa Ultimate Plus Account?

A premium cheque account for high earners, offering zero monthly fees, Absa Rewards cashback, free travel insurance, and a Visa Signature card.

Who qualifies for the Absa Ultimate Plus Account?

Anyone with a valid South African ID or passport, proof of residence, and a recommended income of R25,000 per month, not under debt counselling.

What are the key benefits of the Absa Ultimate Plus Account?

Enjoy zero monthly fees, cashback rewards, free travel insurance, Bidvest Lounge access, Savings Boosters, and seamless digital banking.

Is there a fixed monthly fee for the Absa Ultimate Plus Account?

No fee if you maintain a R100,000 balance or qualifying investments; otherwise, R220 monthly.

How do I apply for the Absa Ultimate Plus Account?

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 other investment products are available to grow your wealth.

How do I maintain the account benefits?

Maintain an active account with regular transactions and a minimum balance to enjoy perks like Absa Rewards and zero fees.

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Unlock Ultimate Banking with Absa Ultimate Plus

The best of Ultimate Banking, with exclusive offers and even more benefits designed to match your lifestyle.

Monthly Account Fee

R220

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Key Benefits of your Ultimate Plus Account

Borrow

Quick, easy access to credit with our new Enhanced Credit Facility, Balance Booster or a linked credit card with zero monthly fee.

Save

Earn attractive interest rates when you save for short-term goals with Savings Boosters.

Peace of Mind

Lump sum death benefit included for the first year at no extra cost.

Absa Rewards

Get Cashback in your pocket every time you swipe with Absa Rewards. Use your Banking App to track and redeem your rewards.

Terms and conditions:

What you get:
A transactional cheque account for your everyday banking needs

Balance Booster of up to R500 with no fees or interest

Optional Enhanced Credit Facility of up to R100 000* with 30-days interest free on Point-of-Sale transactions

R100 000 life cover for the first 12 months

Earn attractive interest rates on Savings Booster

Up to R3 million Travel Insurance and Bidvest Lounge Access with your VISA debit card.

An optional linked credit card with zero monthly fees.

*Interest, credit facility and initiation fees apply.

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Ultimate Banking with no credit option may differ regarding benefits, features and monthly fee. Please speak to our sales consultants for more information.
Qualifying criteria:
You must:

Be 18 years or older;

Earn a minimum of R7 000 a month.

Not be insolvent or having applied for, or under, debt counselling, or curatorship;

Not have signed surety for a company that is currently under business rescue;

Give consent to do a Credit Bureau check;

Be a South African citizen or resident with a valid South African identity document;

Have spousal consent if you are married, or deemed to be married, in community of property.

* All credit applications are subject to risk and affordability

Download our rates and fees
Documents needed:
Bar-coded ID book or card

Proof of income

Any one of the following documents* (original or certified copies) verifying your residential address:

Utility bill

Lease or rental agreement

Cellphone or clothing store statement

Bank statement from another bank

Correspondence from SARS.

*Must not be more than 3 months old.
Terms and conditions:

● Terms and conditions apply to benefits

● Download your Pricing Guide

Please note you can open your Ultimate Banking account at any Absa branch

Download our rates and fees

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