Let us help you with banking while you focus on your studies

Choose the account that meets your life-stage need.

MegaU

Take control of your money with MegaU

Some would say you’re too young. We say you’re never too young to have an account.

Our MegaU account is loaded with lots of free stuff,
starting with no monthly fee. Yes nada, zero!

Free airtime or data purchases
Free airtime or data purchases

Airtime or prepaid data top-ups at point-of-sale or Absa ATMs, using Cellphone or Absa Online banking.

Free card swipes
Free card swipes

While on the move, simply swipe your debit card to pay for your goodies.

Free movie ticket and 75MB data
Free movie ticket and 75MB data

Use your account and get 75MB data and one movie ticket free per month.

Free ATM withdrawals
Free ATM withdrawals

Go to your nearest Absa ATM and withdraw for free.

  • What do I need to apply?

    To open a MegaU account you will need
    To open a MegaU account you will need:
    • To be under 19 years of age
    • A valid, bar-coded South African identity document (ID) or valid passport
    • Proof of residence

    Minor under the age of 16

    • Original birth certificate or valid passport
    • Proof of residence (not more than 3 months old, e.g. utility bill or Telkom statement)
    • Parental consent to open and operate the account
    • Your parent’s or guardians’ original bar-coded ID
  • Apply at an Absa branch or online

    Apply online

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

  • Talk to us

    Talk to us

    Speak to an Absa advisor to help you apply for a MegaU account

    Call me back or call us directly on 08600 08600

Choose from our great student offerings

student account

The Student account offers great value at an affordable monthly fee.
You will also benefit from free Value Added Services at no additional cost.

Explore why the Student account is good for you

Get a Student Loan
Get a Student Loan

We will help you finance your tuition fees, text books, accommodation and equipment fees.

Tell me more

student account
Student account

Get a Student account and benefit on your everyday needs and much more. 

Tell me more

Open a TruSave and start saving
Open a TruSave and start saving

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

Tell me more

How do I apply?

  • What do I need to open this account?

    what you need to open this account
    • 18 - 27 years old
    • A valid, bar-coded South African identity document or a valid passport
    • Proof of residence
    • Proof of registration at tertiary institution
    • Must be a full-time student studying towards an undergraduate or postgraduate degree or qualification of one year or more
  • Apply at an Absa branch or online

    apply

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

  • Apply at your student bureaux

    student bureaux

    You can apply at your chosen student bureaux, which are located at most tertiary institutions. Make sure you bring the necessary documents to apply.

  • Talk to us

    talk to us

    Speak to an Absa advisor to help you apply for a Student account.

    Call me back or call us directly on 08600 08600

Let us help you transition from graduate to your first job

For Graduates

A Graduate account that meets your needs, while you are finding your feet into your first job.

For Graduates
Low monthly fee of R25 for first 7 months
Unlimited electronic transactions
Unlimited electronic transactions
Unlimited card purchases
Unlimited card purchases
Absa Graduate account

Low monthly fee of R25 for first 7 months
Free lump sum death benefit to the value of R15 000

How to get it and what you can expect

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

  • To open a Graduate account you will need

    opening a graduate account
    • To be 18 years and older
    • Be in your final year of studies or have just qualified
    • A valid, bar-coded South African identity document
    • Proof of residence
    • Proof of qualifications
    • To have been studying/studied a three year degree or diploma or post qualification
  • Account features

    Account features

    Transactions included in monthly fee:

    • 5 free Absa ATM cash withdrawals
    • 5 free Absa ATM cash deposits at Absa ATM or Cash Acceptor
    • Unlimited electronic balance or statement enquiry (at Absa ATM, Internet Banking, Cellphone Banking, Telephone Banking)
    • Unlimited funds transfers and internal payments (includes internal debit orders and stop orders)
    • Unlimited debit/cheque card purchases
    • Unlimited cash withdrawals at point-of-sales (POS)
    • Unlimited electronic account (includes external debit orders) and beneficiary payments via Absa ATM, Internet Banking, Cellphone Banking, Telephone Banking
    • Free SMS/email notifications
    • Cheaper banking fees while you are finding your first job
    • No 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 than R30 000 is maintained
      • Absa Rewards members earn up to 1% back in cash rewards on all Absa debit, cheque and credit card purchases
      • Earn extra cash back if you have a Gold credit card, Home Loan or Vehicle Finance
      • 6 Free Take Me Home services
      • Free lump sum death benefit to the value of R15 000
  • How to use a Graduate account

    • 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
    • Visit absa.co.za and register for Absa Online
      • Instantly set limits to pay beneficiaries
      • Reset a locked or forgotten online password
      • Retrieve your debit card PIN

    Download terms and conditions

    NOTE: Your monthly fee is discounted for a period of 7 months, thereafter your account will be moved to a Gold Value Bundle account

Start saving when you’re young

Saving when you’re young helps you to reach your goals faster. Choose our saving solutions and benefit with our great interest rates for young people, it’s easy to grow your money with Absa.

Open a TruSave and start
saving

Are you interested in saving? Open TruSave and start building your savings pool. All you need is an amount of R50. 

Tell me more

Get a student loan

Let’s help you finance your tuition fees and pay for texts book, accommodation and equipment fees.

Explore student loan

Student account

Get a Student account and benefit on your everyday needs and much more. 

Apply now

How do I apply?

  • What do I need to apply for TruSave?

    To open this account:

    • You need to be able to deposit the minimum opening amount of R50
    • You will need to be 18 years old or older
    • You need to be a South African citizen
    • Certified copy of your identity document
    • Certified copy of proof of residential address i.e. utility bill
  • Apply at an Absa branch or online

    Apply at an Absa branch or online

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

  • Apply at your student bureaux

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

  • Talk to us

    Speak to an Absa advisor to help you apply for a TruSave.

    Call me back or call us directly on 0860 111 515

Switch to Absa

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

Open an Absa account

Choose your account
  • Platinum account: Live in style with our premier cheque account and get added banking convenience through our Priority Service. Minimum monthly income: R25 000
  • Gold account: Great value for money that reflects your earnings status. Minimum monthly income: R4 000
  • Flexi Value Bundle: Bank for a market leading low monthly fee and get a host of free transactions and value added services. Minimum monthly income: R2 000

Choose your pricing plan

  • Value Bundle: Get a bundle of transactions for a set monthly fee
  • Pay-As-You-Transact: Pay a standard fee pricing option, where you are charged a standard fee for every transaction you make.
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 2 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 4 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 6 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 on: 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 6 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?

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; and
    • 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