With zero monthly fees and loads of monthly value-adds, MegaU is the ideal bank account for under 20s. Want to take it to the next level?

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no monthly fee
Calander
Zero fees

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

 

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Free data

100MB free data every month.

Percentage
Discounts

Discount at selected food outlets and free Kids activity lessons (Aquatots, MiniChess, Young Engineers and more).


What you can expect

  • Better everyday banking

    • No monthly fee.
    • Cash withdrawls at Absa ATMs and points of sale.
    • Cash send at Absa ATMs.
    • Cash deposits of up to R500.00 at Absa ATMs, branches and cash acceptors.
    • Airtime / data pre-paid top-ups at points of sale, Absa ATMs, online, Telephone and Cellphone banking.
    • Debit card purchases and tap-and-go purchases with your debit card.
    • Debit card replacements and debit card face-to-face delivery.
    • SMS and email notifications. This provides you with immediate notifications of activities performed on your account.
    • Absa ATM balance enquires.
    • Internal debit orders and stop orders.
    • eStatements.
    • Transactional history enquiry - internet, cellphone, telephone (IVR)
    • Ensure that you are signed up for the Notify Me services to keep track of all transactions conducted on your account.

    Note:

    All other transactions not included in the above list will be charged at the pay-as-you-transact fee.

    Please refer to the pricing Brochure on www.absa.co.za for detailed product pricing or ask your sales consultant. 

  • Free value-adds

    • 100MB data
    • R20 food voucher to be redeemed at Debonairs, Steers, Nando's, Wimpy or Burger King
    • First lesson free for kids activity, those things kids love to do

    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 – 20

    • A valid bar-coded South African ID or a valid passport for foreign nationals
    • Proof of residence not older than three months (e.g. utility bill or cell phone statement)

    Requirements for minors under the age of 16

    • 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

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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