With no monthly fee and loads of perks, our MegaU Account is the ideal bank account for you if you’re under 20. Want to take your life to the next level? Visit an Absa branch to open your account today.

MegaU
Calander

Zero fees

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

 

Calander

Free data

Stay connected with 100MB free data every month.

 

Calander

Discounts

Save at selected food outlets and get free Kidz Activity lessons at Aquatots, MiniChess, Young Engineers and more.

 

Calander

Free voucher

R50 voucher to spend at selected takeaway and shopping retailers.

 

MegaU Account features and benefits

Get cool, free stuff, save on costs and start banking the way you want to with our MegaU Account.

  • Better everyday banking

    • No monthly account fee
    • Withdraw cash at Absa ATMs and points of sale
    • Send money using CashSend
    • Deposit up to R500 at Absa ATMs, branches and Cash Acceptors
    • Top-up prepaid airtime and data at points of sale and Absa ATMs, and via Online, Telephone and Cellphone Banking
    • Debit card and tap-and-go purchases
    • Debit card replacements and face-to-face delivery
    • Absa ATM balance enquires
    • Internal debit and stop orders
    • eStatements
    • Transactional history enquiries via Internet, Cellphone and Telephone (IVR) Banking.

    Note: All other transactions not included in the list above will be charged at the pay-as-you-transact fee. Please refer to our Benefits and Pricing brochure for details or ask your sales consultant. 

  • Free value-adds

    • 100MB data
    • R20 food voucher for Steers, Nando’s, Wimpy or Burger King
    • First lesson free for a Kidz Activity at Aquatots, MiniChess, Young Engineers and more
    • R50 voucher to spend at selected takeaway and shopping retailers.

    How to qualify for monthly value-adds

    • Maintain a minimum balance of R300 per month; or
    • Perform at least four banking transactions per month, two of which 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

    Youths between the ages of 16 and 20 years

    • Original birth certificate, valid bar-coded South African ID, temporary ID or valid passport with a valid visa for foreign nationals  
    • Proof of residence not older than three months (such as a utility bill or cellphone statement).

    Minors under the age of 16

    • Original unabridged birth certificate (for abridged certificates, also include one of the listed documents*) or valid passport with a valid visa for foreign nationals  
    • Parent’s or guardian’s proof of residence not older than three months (such as a utility bill or cellphone statement)
    • Parental/guardian’s consent to open and manage the account
    • Parent’s or guardian’s original bar-coded ID, temporary ID or valid passport with a visa for foreign nationals.

    *Children raised by a grandparent/guardian/relative and abridged birth certificate holders

    • Proof of legal guardianship; or
    • A dated letter from the:
      • Chief/tribal authority or municipal official of the area confirming guardianship of the child; or
      • School the minor attends confirming the unofficial guardian or single parent.
    • Alternatively, a dated baptism letter from:
      • A church; or
      • The hospital confirming they have record of a single mother giving birth to said minor
  • How to apply

Terms and conditions apply.

Need more help?

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

Call us on:

0860 100 372

Visit a branch near me