What is the Absa Ultimate Prosperity Account?

A premium transactional cheque account for South Africans over 55, offering exclusive rewards, travel perks, and free life cover for the first 12 months.

Who qualifies for the Absa Ultimate Prosperity Account?

Anyone aged 55 or older with a valid South African ID or passport, proof of residence, and not under debt counselling.

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

Enjoy Absa Rewards cashback, travel insurance, Bidvest Lounge access, free life cover, and access to credit facilities.

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

Yes, a competitive monthly fee applies, with rebates available for maintaining a minimum balance.

How do I apply for the Absa Ultimate Prosperity Account?

Apply online with your ID/passport, proof of residence, and spousal consent if applicable. It’s quick and easy.

Can I access credit with this account?

Yes, access the Enhanced Credit Facility (up to R100,000) or Balance Booster (up to R2,000) for quick cash needs.

How do I maintain the account benefits?

Maintain an active account with regular transactions to enjoy perks like Absa Rewards and travel insurance.

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absa prosperity account, Absa Prosperity Cheque Account

Absa Ultimate Prosperity Account

Best for you if you’re over 55. Get exclusive offers and even more benefits designed to match your lifestyle.

Monthly Account Fee

R220

Open at a Branch Interest rates

Unlock exclusive benefits with Absa's Pensioner 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.

What’s included in your Ultimate Prosperity Account

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 Boosters

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.

Download all benefits

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 55 years and older to apply for an Ultimate Prosperity account

Earn a minimum of R7 000 a month

If your spouse has an Ultimate Banking account, you may qualify for a Spousal Account at a discounted monthly fee

Not be insolvent or under debt counselling, debt intervention or under curatorship

Give consent to do a Credit Bureau check

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

Have spousal consent if you are married in community of property.

* All credit applications are subject to risk and affordability
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 Prosperity Banking account at any Absa branch

Download our rates and fees

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