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 charges

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

 

Free data monthly

100 MB of free data every month

Free movie ticket

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

Free data monthly

Free MegaU app to check balances and earn cash 24/7

What you can expect

To open a MegaU account you will need
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 e-Statements
  • Access and manage your money whenever you want to
  • 24/7 access to the largest ATM network in South Africa
Account features
Free value-adds
  • 100 MB of data
  • Food voucher to be redeemed at McDonald's, Debonairs, Steers 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

  • Dial *120*733# and follow the prompts

Terms and conditions

Get these extra benefits on your account
What you need to open your account

Requirements for age 16 to 19

  • Your valid, bar-coded South African identity document or valid passport
  • Proof of residence not older than 3 months (e.g. utility bill or cell phone 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 3 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
How to use the MegaU account to transact
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:
 
contact us

Need more help?

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

Call us on:

0860 100 372

Visit your nearest branch