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Key Benefits of your Absa Prosperity Account

Get exclusive rebates

Value-for-Money Senior Banking

Crafted for those over 55, this cheque account offers exclusive rebates on monthly fees when you maintain a minimum balance.

Explore investment opportunities

Absa Rewards cash back

Join Absa Rewards for free and earn real cash back on every swipe with your Visa debit card at participating retailers.

Access a range of products

Free Life Cover for 12 months

Get peace of mind with R100 000 lump sum life cover included for the first year at no extra cost – ideal for safeguarding your loved ones. 

No monthly fee for internet banking

Will drafting assistance

If you’re over 60, benefit from free assistance to draft your will, ensuring your wishes are legally documented with ease.

What’s included in your Prosperity Cheque Account

Prosperity Account benefits

Rates and fees

What you need to apply

Smarter banking features

Lifestyle & banking perks

  • Prosperity Account benefits

    Unlimited Digital Banking

    • Access free mobile, online, and telephone banking 24/7. Manage your finances seamlessly with your Absa Banking App or online platform.

     

    Secure Transactions

    • Use your Visa debit card with chip technology for fast, safe, and convenient payments, including contactless tap-and-pay.

     

    Open your Prosperity Account now

     

  • Rates and fees

    Apply for your Prosperity Cheque Account today and enjoy banking that fits your lifestyle!
     
    • Monthly fee: R60.00 

  • What you need to apply

    Get started with the Absa Prosperity Account in minutes. Here’s what you need to qualify:

     

    • Aged 55 or older
    • Valid South African ID, passport, or work permit for foreign nationals
    • Proof of residence (e.g., utility bill, lease agreement) not older than three months
    • Proof of income (e.g., payslip, three months’ bank statements) if applying for an overdraft
    • Not under debt counselling, intervention, or curatorship.

     

    Apply online today and unlock value-driven banking for seniors.

  • Smarter banking features

    Support your loved ones with these convenient features:

     

    • No Extra Costs: Free to set up and receive Bank on Me payments
    • Digital Access: Manage contributions via the free Absa Banking App or online banking with e-Statements and notifications
    • Visa Debit Card: Beneficiaries enjoy unlimited swipes and contactless payments with digital wallet compatibility
    • Transparent Tracking: Comprehensive statements show reserved funds and fee deductions for both sponsor and beneficiary
    • CashSend Transfers: Beneficiaries can send money instantly to any South African cellphone number via the Banking App or ATMs
    • Absa Rewards: Beneficiaries earn cash back on purchases, enhancing their banking value.
    • Monthly Fee: Low fee with rebates for maintaining a minimum balance.
    • Overdraft Access: Quick access to extra funds (subject to credit approval).

  • Lifestyle & banking perks

    Enhance your banking experience with these exclusive benefits:
     

    • Absa Rewards: Earn cash back on card purchases with free membership

    • Free Life Cover: R100 000 cover for the first 12 months for added security

    • Will Drafting: Free assistance for over 60s to draft a legally binding will

    • Prepaid Transactions: Top up airtime, data, or electricity via the Banking App or ATMs with no fees

    • Investment Options: Access tailored savings and investment products to secure your future.

Frequently Asked Questions
 

Ultimate Banking

Great benefits and features designed to help you get the
best value from your everyday banking

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