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Monthly fee
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Key benefits of your Absa MegaU Youth Account

Calander

Zero monthly fees

Bank without worrying about monthly costs, leaving more moolah for your goals.

 

Access to Study Loan

Monthly food voucher

Enjoy a R50 voucher for popular spots like Nando’s, Steers, or Burger King, perfect for a quick chow.

What’s included in your MegaU Account

MegaU benefits

What you need to apply

Who qualifies for the MegaU Account

Documents needed

  • MegaU benefits

    Free digital banking

    • Access Absa’s award-winning Banking App, Absa Online, and Cellphone Banking for free, making it easy to manage your finances anytime, anywhere.

     

    Free transactions

    • Enjoy free Absa ATM withdrawals, card swipes, tap-and-go purchases, and prepaid top-ups, keeping your banking costs low.

     

    Absa Rewards

    • Earn real cash back on card purchases and redeem Advantage Rewards by completing fun challenges on your Absa Banking App.

     

    Financial education

    • Learn to manage your money with tools and tips tailored for young adults, setting you up for a solid financial future.

     

    Debit card benefits

    • Use your Visa debit card for secure, contactless payments online or in-store, with added fraud protection via your Absa Banking App.

  • What you need to apply

    Join the Absa Mega U Account with ease. Here’s what you need:

     

    • Aged 18 or younger (parental consent required if under 16)
    • Valid South African ID, unabridged birth certificate, or passport with a valid visa for foreign nationals
    • Proof of residence (e.g., utility bill, cellphone statement) not older than three months
    • Minimum deposit of R10 to activate the account
    • Minimum account balance of R10 to be maintained at all times.

     

    Apply for your MegaU Account at an Absa branch

     

  • Who qualifies for the MegaU Account

     

    • Be under 20 years old
    • Provide a valid South African ID, unabridged birth certificate, or passport with a valid visa
    • Submit proof of residence (e.g., utility bill, lease agreement, not older than three months)
    • Parental consent required for applicants under 16.

  • Documents needed

     

    • Original or certified copy of an unabridged birth certificate (or abridged with additional documents like a hospital letter confirming single parent birth)
    • Proof of residence (e.g., utility bill, cellphone statement, not older than three months)
    • Parent/guardian’s proof of residence if under 16.

     

    Apply for your MegaU Account at an Absa branch

Frequently Asked Questions
 

Start banking the way you have always wanted to

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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

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