Whether you’re in school, a tertiary student, recently graduated or simply want to save, we’ve got a bank account to get you en route to financial greatness.

MegaU

MegaU — the no monthly fee youth account

With zero monthly fees and loads of monthly value-adds, MegaU is the ideal bank account for under 19s. Want to take it to the next level? Become moneywise by downloading our feature-packed MegaU App. 

Free airtime or data purchases

No monthly fee, plus free card swipes and Absa ATM cash withdrawals.

Free card swipes

100MB of free data every month.

Free movie ticket and 75MB data

Discounts at selected food outlets and free Kidz activity lessons (Aquatots, MiniChess, Young Engineers and more).

Free movie ticket and 75MB data

Free MegaU App to check balances and earn cash 24/7.

  • What you need to open your account

    Requirements for ages 16 – 19

    • Your valid, bar-coded South African ID or valid passport
    • Proof of residence not more than three months old (e.g. utility bill or Telkom statement).

    Requirements for minors under the age of 16

    • Original birth certificate or valid passport
    • Parent or guardian's proof of residence not older than three months (e.g. utility bill or cell phone statement)
    • Parental consent is required to open and operate the account
    • Parent or guardian's original bar-coded ID.
  • Apply at an Absa branch or online

    Go to your nearest Absa branch with your necessary documents or apply online.

  • Talk to us

    Speak to one of our consultants for help with your MegaU account application.

    We can call you back or you can call us directly on 0860 100 372

Make money go further with the Student Silver Account

student account

The Student Silver Account offers great value at an affordable monthly fee. Plus, you’ll benefit from free value-added services and get access to study loans too.

Finance your tuition fees, textbooks and more with a study loan.

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Get a Student Silver Account for everyday transactions and free value-added services.

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Start saving for your dream goal with as little as R50 a month using TruSave.

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  • What you need to open your account

    • To be 18 – 27 years old
    • Must be a full-time student studying towards an undergraduate or postgraduate degree, or qualification of one year or more
    • Proof of registration at a tertiary institution
    • A valid, bar-coded South African ID or passport
    • Proof of residence not more than three months old (e.g. proof of registration at a tertiary institution on their letterhead indicating your name and surname, an address and signature of a mandated official or a utility bill or cell phone statement).
  • Where to apply

    You can apply at your chosen student bureau, which is located at most tertiary institutions or you can go to your nearest Absa branch with your necessary documents or apply online.

  • Talk to us

    Speak to an Absa consultant to help you apply for a Student Silver Account.

    We can call you back or you can call us directly on 08600 08600

Gold Graduate Account

For Graduates

Are you a final year student or recent graduate? At a discounted fee of R52.96 per month, you can make a smooth transition into the working world with a Gold Graduate Account.

For Graduates

Low monthly fee of R52.96.

Unlimited electronic transactions

Access to an overdraft and credit before your first salary.

  • What you need to open your account

    • To be under 30 years old
    • To be in your final year of studies or have just qualified with a three year degree or diploma or post qualification
    • A valid, bar-coded South African ID or a passport
    • Proof of residence not more than three months old (e.g. utility bill or cell phone statement)
    • Proof of qualifications or confirmation of final year studies
    • Latest payslip or bank statement — last three months (if you are applying for an overdraft).
  • Additional services

    • No monthly overdraft fee for the first 12 months
    • A Gold Credit Card even before you earn your first salary
    • Preferential rates on vehicle finance
    • Financial advice
    • Estate Provider plan
    • Free will drafting.

Reap rewards early with TruSave

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Want to reach your goals faster? Start saving when you’re young and you’ll be able to do exactly that. Get started with our TruSave account to benefit with from great interest rates and more.

No monthly administration fees.

Immediate access to and control over your savings.

It only takes R50 to open your savings account.

  • What you need to apply for TruSave

    Requirements for ages 18 and older

    • A minimum opening amount of R50
    • South African citizenship
    • Identity document or birth certificate
    • Proof of residence, not more than three months old (e.g. utility bill, lease or rent agreement, cell phone statement).

    Requirements for minors under the age of 18

    • A minimum opening amount of R50
    • South African citizenship
    • Identity document or birth certificate
    • Proof of residence, not more than three months old (e.g. utility bill, lease or rent agreement, cell phone statement)
    • Parental consent to open and operate the account
    • Parent or guardian’s ID document.
  • Apply at an Absa branch or online

    Go to your nearest Absa branch with your necessary documents or apply online for your TruSave account.

  • Apply at your student bureau

    You can go to your chosen student bureau with the necessary documents to apply for your TruSave account.                                

  • Talk to us

    Speak to an Absa consultant to help you apply for a TruSave account.

    We can call you back or you can call us directly on 0860 111 515.

Switch to Absa

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Switching to Absa couldn’t be easier. Simply choose the bank account that suits your lifestyle and fill in the online application.

  • Choose your account

  • Switch my debit orders and salary

    Once you have opened an Absa account, you can switch your debit orders and your salary. All you need to do is:

    Complete your online debit order and salary switching request here.

    OR

    Complete this debit order and salary switching request and email it to switchingenquiries@absa.co.za or fax it to 086 753 3537.

    It is that simple!

    Switch now

    Once we receive your request, we will keep you updated of the progress. The next steps are:

    1. You will receive an SMS or email (based on your preferences) to let you know that we have received your request.
    2. We submit your request to each service provider and follow up with them until everything is switched. Here are companies that will not allow Absa to switch on your behalf; you can contact them to process your request.
    3. There are some service providers that need more information to switch — so within 48 hours we will send you an update on the status of this, and the next steps to follow to help you complete the switching process.
    4. Within two weeks after submitting your request you will receive confirmation of the deduction date for all successfully switched debit orders.
    5. If there are still any outstanding debit orders not switched, within four weeks, we will send you confirmation of the deduction date for all successfully switched debit orders.
    6. If there are any outstanding debit orders not switched within six weeks, we will contact you with an update and the next steps to be taken; but please don’t close your old account until all your debit orders and salary have been switched to ensure that your payments at these providers are always up to date.
  • Need more support? Talk to us

    Call us on:

    0860 100 372

    Email us at:

    switchingenquiries@absa.co.za

  • Switching FAQs

    How long does it take to complete the switching form?

    • The online form takes a few minutes to fill in. Once you have completed the switching request, submit the form and we'll take care of the rest.
    • Email us at: switchingenquiries@absa.co.za

    How can I track my switching request?

    • You can track your request through this link or by calling 0860 100 372.

    What is important to remember when completing the form?

    • There are two options available:
      • Salary switch, which requires you to fill in your employer’s information.
      • Debit order switch, which requires you to complete a list of your current debit orders.
    • Complete all your personal details and don’t forget to provide us with your contact details.
    • Don’t forget to add your Absa account details and the details of your previous bank account.
    • When filling in the details of your debit orders, make sure that all reference numbers are filled in accurately, otherwise we will not be able to find your debit order.

    How long does it take for the switch to be completed?

    • Switching will take up to six weeks to complete, depending on the service providers you have debit orders with. We will however keep you updated on the progress.

    Does switching cost anything?

    • No, switching is free!

    Do I need my spouse’s consent to switch a debit order?

    • No, you do not need your spouse’s consent to switch an Absa debit order. However, if the service provider needs more information they will contact you directly.

    Do all service providers accept debit order or salary switching instructions from Absa?

    • No. Some service providers will only switch on your direct instruction and will not accept switching instructions from Absa.
    • All employers will only switch on your direct instruction and will not accept switching instructions from Absa.
    • We will however help you initiate the process by providing you with switching letters to send to these service providers and employers.
    • See the list of all service providers, who do not accept Absa-initiated debit order or salary switching instructions.

    Will Absa be able to switch my internal stop orders and beneficiary payments?

    • Unfortunately not, but you can have this done by either visiting your nearest Absa branch or on Absa Online.

    Can Absa change the date when a debit order is due?

    • No, only you can change your debit order due dates.

    When do I need to close my old account?

    • You can close your old account after:
      • You have confirmation that all your debit orders and salaries have been switched.
      • Your first run of debit orders has come off your new account.
      • Your salary has been paid into your Absa account.
contact us

Need more help?

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

Call us on:

08600 08600

Visit your nearest branch