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.

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No monthly charges
Zero fees

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

 

Free data monthly
Free data

100MB of free data every month.

Free movie ticket
Discounts

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

Free data monthly
Rewards

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

    • 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:
     

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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