Saving for a holiday with a group of people is easy with the Travel Club Account. It is suitable for groups who want to save for both local and international travel.

Find your nearest branch

graph

Online Banking registration.

hand

Minimum two signatories to open the account.

hand

Access your e-statement on Online Banking.

  • Applying for a Travel Club Account

    You need two or more members to open the account and the following documents:

    • The IDs of elected group members who will act as signatories 
    • Proof of residence for elected group members (not older than three months)
    • Your initial R1000 investment to open your account

  • Features of the Travel Club Account

    • All you need is an initial deposit of R1 000 to open your account
    • You need two or more members to open the account
    • NotifyMe alerts can be sent to up to three signatories
    • You pay no monthly management fees
    • Register for internet banking to reduce fees
    • The group benefits for the Travel Club Account are not for individual use
    • Tiered interest rate, the higher your balance the higher interest you earn

    Manage my account online:

    • Register for Online Banking and enjoy some of these group benefits:
      • Pay out members anywhere anytime using EFT on Absa Online
      • Access an electronic statement on Online Banking
      • Track member contributions
      • Reduce some transactional fees

See the interest rates

for our Travel Club Account
Balance tier Travel Club
R0.01 - R999 0.00%
R1 000 - R9 999 5.00%
R10 000 - R24 999 5.00%
R25 000+ 5.00%

Last reviewed on 22 November 2024

All interest rates are expressed as a percentage per annum and are indicative rates subject to change. View our product term sheet.
 

Compare solutions

Need more help?

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

Call us on: 0860 111 515

Email us at: saving@absa.co.za