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

Apply now

 

No monthly charges

No monthly fee plus free card swipes and ATM withdrawals

 

Free data monthly

50 MB of free data every month

Free movie ticket

Free monthly Nu Metro movie ticket or McDonalds /Wakaberry voucher

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
  • Access and manage your money whenever you want to
  • Free debit card purchases
  • Free SMS and email notifications
  • Free Absa ATM balance enquiries
  • Free internal debit orders and stop orders
  • Free e-Statements
  • Earn interest
  • 24/7 access to the largest ATM network in South Africa
Account features
Value added services
  • 50 MB of free data monthly through MTN, Cell C, Vodacom or Telkom AND
  • Free NuMetro movie ticket every month (2D movies) OR
  • R20 discount voucher from McDonalds OR
  • R20 discount voucher from Wakaberry

How to qualify for value-adds

  • Maintain a minimum balance of R200 per calendar month OR
  • Do at least two transactions (these include debit card purchases or prepaid top-ups) throughout the month.

How to redeem value-adds

  • To redeem your monthly value added services simply dial *120*733# and follow the prompts.

Frequently asked questions
Terms and conditions

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

Requirements for age 16 to 19

  • A valid, bar-coded South African ID or valid passport
  • Proof of residence not more than 3 months old (e.g. utility bill or Telkom statement)

Requirements for minors 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 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