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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.

Apply now

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

100MB of free data every month.

Discount at selected food outlets and free Kidz activities lesson (Aquatots, MiniChess, Young Engineers and more).

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

What you can expect

Better everyday banking
No monthly fee

Free cash withdrawals at Absa ATMs

First R500 cash deposited at an Absa ATM or Cash Acceptor is free

Free debit card purchases

Free prepaid top-ups at Absa channels

Free Absa ATM balance enquiries

Free internal debit orders and stop orders

Free account activity notification via SMS or email

Free eStatements

Unlimited cash withdrawals at point-of-sale (local)

Access and manage your money whenever you want to

24/7 access to the largest ATM network in South Africa

International transactions can be performed (at a cost) and Absa will impose an offshore transactional limit equal to the pre-determined value per calendar year for clients under the age of 18, as prescribed by the SARB.

Get up to 30% discount on flights with Rewards Lite

Please note that 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.
Free value-adds
100MB of data

Food voucher to be redeemed at McDonald's, Debonairs, Steers (online) or Nando's

First lesson per month free for a Kidz activity, those things kids love to do (Aquatots, MiniChess, Young Engineers and more)

How to qualify for monthly value-adds

Maintain a minimum balance of R300 per calendar month

Or perform at least four banking transactions per month of which two must be prepaid transactions

How to redeem value-adds

Download the MegaU app to redeem your benefits

Visit the MegaU benefits page or

Dial *120*733# and follow the prompts

Read the terms and conditions
What you need to open your account
Requirements for ages 16 – 19

Your valid, bar-coded South African identity document or valid passport

Proof of residence not older than three months (e.g. utility bill or cell phone statement)

Requirements for minors under the age of 16

MegaU app

Original unabridged birth certificate of child

Parent must be an existing Absa customer

Absa branch

Original birth certificate or valid passport (only if original birth certificate is not available)

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
Break free with our Absa MegaU App
Enjoy the freedom of handling your own money. With our free MegaU app you can:

Check balances and keep track of what you spend, 24/7

Earn cash from your folks by doing MegaU 'chores'

Earn cool monthly rewards

Download the app now and get your passport to financial freedom: