A Shari’ah-compliant Graduate Account that prepares you for the road ahead.

 

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Islamic Gold Graduate
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Low monthly fees

Enjoy the benefits of a Graduate account and pay low monthly fees of R52.00.

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Shari'ah compliant

Transfer cash, make payments and be confident that all of the services are compliant with the Shari'ah law.

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Transactions included in your monthly fee

 Unlimited electronic transactions and swipes.

Get started with a Graduate account

Enjoy the benefits of our Graduate Account – specially created for your needs when you enter the working world.

  • To open an Islamic Gold Graduate account you will need

    • To be under 30 years old
    • Be in your final year of studies or have just qualified
    • A valid, bar-coded South African identity document or a valid passport
    • Proof of residence
    • Proof of qualifications not older than 12 months or proof of final year studies

  • Transactions included in monthly fee

    • Five Absa ATM cash withdrawals
    • Five cash deposits at Absa ATMs, cash acceptor or as cardless cash deposits
    • Unlimited: 
      • Electronic balance or statement enquiry (at Absa ATM, Internet, Cellphone, Telephone Banking)
      • Funds transfers and internal payments (includes internal debit orders and stop orders)
      • Debit or cheque card purchases
      • Cash withdrawals at point-of-sales (POS)
      • Electronic account (includes external debit orders) and beneficiary payments via Absa ATM, internet, mobile banking, telephone banking
    • Unlimited SMS or email notifications
    • Monthly subscription fee for internet banking, cellphone banking and telephone banking.
    • Unused transactions allocated in your Value Bundle will roll over for one month if not used in the current month
    • 50% discount on monthly service fees if a positive balance of more R30 000 is maintained
    • Get up to 30% discount on flights with Rewards Lite

    Please note that not all transaction charges will be included in the monthly fee. Some transactions will be charged at the standard pay-as-you-transact fee. For more information, you can refer to the pricing brochure or visit your nearest branch.

     

  • How to use a Graduate account to transact

    • Cheaper banking fees while you are finding your first job
    • Make withdrawals (from an Absa ATM or at a point-of-sale), account payments and electronic fund transfers
    • Get prepaid top-ups and print balance enquiries and mini statements at any Absa branch or ATM
    • Your account number stays the same even if you upgrade your account or transfer to another branch
    • Use Absa ATMs, their fees are more cost-effective than Saswitch fees
    • Keep your card and your Personal Identification Number (PIN) in a safe place
    • Remember your PIN and never write it down
    • Swipe your card locally and internationally at point-of-sale (POS)
    • Shop securely online with One-Time PIN transaction verification
    • Never let the card out of your sight when using it to pay for goods or services at a tillpoint
    • You can change your PIN at any Absa ATM or Absa branch
    • Register for an Absa Online
    • The following can be done online: 
      • Instantly set limits to pay beneficiaries
      • Instantly set debit card limits
      • Reset a locked or forgotten password
      • Retrieve your debit card PIN

  • 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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Need more help?

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

Call us on:

0860 000 786

Email us at:

islamicbanking@absa.co.za

Visit your nearest branch