Choose the pricing option that suits you best
2014 Pricing Guide
Absa Bank Ltd Reg No 1986/004794/06 Authorised Financial Services Provider Registered Credit Provider Reg No NCRCP7
How transaction fees work
In short, you pay either a fixed fee or a sliding scale fee,
sometimes called ‘ad valorem’.
An example of how a fixed fee works is that when you
perform account payments at an Absa ATM, you’ll pay
a fixed fee per transaction, whether you pay R100,00
or R1 000.
With a sliding scale fee, you pay a base fee for the transaction
itself plus a fee based on the value of the transaction. An
example is the ATM cash withdrawal on a current account.
There is a R3,95 base fee for the transaction plus a R1,25 fee
per R100,00 withdrawn, which means a R500,00 cash
withdrawal will cost you R10,20 (R3,95 + 5 x R1,25).
7 pricing options – at a glance
To get the most out of your banking, choose the product and
pricing option that best suits your needs and your pocket.
As your needs change, re-look your options. When choosing
a transactional account, you can choose between various
pricing options.
1.Pay-as-you-transact
This is the standard fee pricing option, where you are
charged a Standard Fee for every transaction you make.
2. Value Bundle
You pay an affordable, fixed monthly fee from as little as
R49,00 per month for a set number of transactions as part
of your Value Bundle. Unused transactions roll over to the
next month. Various value-adds are included.
3. Rebate Banking
Rebate Banking is a fee refund; it means you get all or part
of a fee paid back to you as cash. You will not pay banking
fees on certain transactions if you keep a set minimum
balance in your account throughout the month.
4. Management Fee
This fee option allows you to perform a basket of
transactions for a fixed monthly fee.
5.EasyFee
EasyFee is a management fee option where you
pay a monthly fee based on the number of selected
transactions you do each month. It offers you different
pricing options to choose from, each with a set number
of selected transactions. Once you’ve used all your set
transactions you’re charged a single fee per selected
transaction and no out-of-bundle penalty fees.
6. Package Fee
With our Current Account Package pricing options,
you receive a fixed number of transactions free of charge
for a fixed monthly fee. A Standard Fee per transaction
applies for transactions performed in excess of your
transaction bundle. Absa Current Account Package pricing
options offer you the added benefit of a Credit Card
with no monthly fee.
7.Prepaid
With this pricing option, an upfront fee is charged for
all credits into the account. No fees are charged for
transactions performed on Absa’s infrastructure.
Disclaimer:
Fees quoted in this brochure are valid from 16 August 2014. Unless otherwise stated, fees include 14% VAT and are subject to change.
Absa Bank is entitled, immediately and without notice, for each product or service offered to individual clients, to change the fees and costs to fees and costs
that apply to the same and similar business products and services offered to business clients if there is evidence that an individual product or service is used
for business purposes, or used in any way that is not allowed by the product terms or conditions. This may also result in clients having to pay additional fees
and costs, or even the termination of the product or service.
E&OE
Page 2 | Pricing Guide
Contents
Off-sale products
Basic Banking
Transactional
•Transact
5
• ActiveSave 50
•Sekulula
53
Daily Banking
• Flexi Account
8
Current Accounts
• Flexi Value Bundle
10
Standard fee or Pay-as-you-transact
• FlexiSelect, Silver, Potentiate and Gold Senior
55
Full-value Banking
• Gold Current Account – Pay-as-you-transact
11
Packages
• Platinum Current Account – Pay-as-you-transact
11
• Silver, Gold and Platinum
58
• Gold Value Bundle
14
• Platinum Value Bundle
14
Rebate Banking
• Silver, Gold, Platinum, FlexiSelect,
59
Youth Banking
Gold Senior and Islamic Cheque
• Mega U
16
Student Banking
• Student Silver
19
Seniors Banking
• Flexi Account – Seniors Rebate Banking
•Prosperity
20
23
Islamic Banking
• Islamic Youth
• Islamic Savings
• Islamic Cheque – Value Bundles
24
27
30
Savings and Investments
•TruSave
• Depositor Plus
• Club Account
• Money Market Fund
32
32
32
34
Credit Cards
• Transact Credit, Gold, Titanium, Platinum
36
Management Fee
• Silver, Gold, Platinum, Platinum Professional,
Platinum Medical, 24/7, Islamic Cheque,
Prosperity and Potentiate
EasyFee
• FlexiSelect, Silver, Gold, Platinum,
Islamic Cheque and Potentiate
60
61
Bundles
• Silver Value Bundle • Potentiate Bundle
62
63
Family Banking
• Shared Account
64
Savings and Investments
• Investment Advantage
•MoneyBuilder
65
67
Home Loans38
Credit Cards
• Electronic and Silver Credit Cards
69
International Banking39
Frequently asked questions71
Other offerings
• Prepaid Debit Card
•Mzansi
•Pay-as-you-transact:
Absa Current Account, Student Silver, Prosperity,
Islamic Cheque and Shared Account
•OneTouch
• Safe custody
Page 3 | Pricing Guide
41
43
45
48
49
Transactional offerings
Product offerings
Pricing plans
Basic Banking
Transact
Pay-as-you-transact
Daily Banking
Flexi Account
Pay-as-you-transact
Value Bundle
Gold Account
Platinum Account
Mega U
Student Silver
Prosperity
Islamic Youth
Islamic Savings
Islamic Cheque
TruSave
Depositor Plus
Club Account
Money Market Fund
Pay-as-you-transact
Pay-as-you-transact
Pay-as-you-transact
Management Fee
Rebate Banking
Pay-as-you-transact
Pay-as-you-transact
Pay-as-you-transact
Pay-as-you-transact
Pay-as-you-transact
Pay-as-you-transact
Pay-as-you-transact
Standard Fee
Standard Fee
Standard Fee
Value Bundle
Value Bundle
Prepaid Debit Card
Prepaid
Mzansi
Current Accounts:
• Absa Current Account
• Student Silver
•Prosperity
• Islamic Cheque
OneTouch
Pay-as-you-transact
Pay-as-you-transact
Safe custody
Standard Fee
Pricing plans
Product offerings
Full-value Banking
Youth Banking
Student Banking
Seniors Banking
Islamic Banking
Savings and Investments
Credit Card
Home Loans
International Banking
Other offerings
Standard Fee
Packages
Rebate Banking
Management Fee
Off-sale products
EasyFee
Bundles
Shared Account
Standard Fee
Page 4 | Pricing Guide
Value Bundle
Standard Fee
ActiveSave, Sekulula
FlexiSelect, Silver, Potentiate and Gold Senior
Silver, Gold and Platinum
Silver, Gold, Platinum, FlexiSelect,
Gold Senior and Islamic Cheque
Silver, Gold, Platinum, Platinum Professional,
Platinum Medical, Islamic Account,
Potentiate and Prosperity
FlexiSelect, Silver, Gold, Platinum,
Islamic Cheque and Potentiate
Silver Value Bundle, Potentiate Bundle
and Shared Account
Pay-As-You-Transact
Savings and Investments:
Investment Advantage
MoneyBuilder
Credit Cards:
Electronic and Silver Credit Cards
Basic Banking
Transact
A card-based account that gives access to the largest ATM network in the country and the convenience of 24/7 access to
your money. No opening balance or minimum balance is required. This product allows for full electronic banking functionality
including Internet Banking, Cellphone Banking, Telephone Banking and Absa ATMs. Qualifying clients can apply for an Absa ATM
loan via an Absa ATM.
Tip: Choose the right product that gives you what you need and suits your budget, so you don’t pay for benefits
you never use or need.
Transact
Monthly fees
Monthly administration fee
Monthly subscription fees –
Internet, Cellphone, Telephone Banking
Deposits
Cheque deposit: Branch counter
Cheque deposit: Absa ATM
Cash deposit: Branch counter
Cash deposit: Absa ATM
Cardless cash deposit
Cash withdrawals
Branch counter
Absa ATM
Point of sale (POS)
Absa-supported ATM
Saswitch ATM / Post Office terminal
Overseas ATM / POS(1)
Purchases
Prepaid-top-up at Absa ATM, POS, Internet, Cellphone,
Telephone IVR
POS – local
POS – overseas
Account payments and funds transfers
Account payments
• Branch counter
• Absa ATM
•Internet(2)
•Cellphone(2)
• Telephone IVR
• Telephone Adviser-assisted
Page 5 | Pricing Guide
R4,50
No charge
R14,00
No charge
R6,20 + R1,35/R100
R3,00 + R1,25/R100
R5,25 + R1,25/R100
R33,00 + R1,40/R100
R4,20
R1,00
R4,20
R7,00
R50,00
R1,00
No charge
R9,75 + R0,75/R100 (max. R45,00)
R33,00
R3,00
R1,50
R1,50
R7,50
R14,50
Transact
Account payments and funds transfers
Immediate interbank payment
• Internet, Cellphone, Telephone IVR
• Telephone Adviser-assisted
Debit and stop orders
• Internal debit orders
• External debit orders
• Stop orders
Funds transfers
• Absa ATM, Internet, Cellphone, Telephone IVR
• Branch counter
• Telephone Adviser-assisted
CashSend
• Absa ATM, Cellphone
•Internet
Balance enquiries
Branch counter
Absa ATM
POS
Absa-supported ATM
Saswitch ATM / Post Office terminal
Internet, Cellphone, Telephone IVR
Telephone Adviser-assisted
Statement fees
Absa ATM ministatement
Absa CAT terminal full statement
Branch counter full statement
Mailed statement
eStatement(3)
Transaction history
• Enquiry – Internet, Cellphone, Telephone IVR(4)
• Enquiry – Telephone Adviser-assisted(4)
• Cellphone – SMS | Email | Fax
Archived statements / Tax certificate – Internet
Copies of statements (per statement)
• Less than 4 months old
• 4 months or older
Administration fees
Bank cheque
Stop payments
• Branch, Internet, Telephone Adviser-assisted
Stop order establishment / amendment fee
• Branch, Internet, Telephone Adviser-assisted
Special clearance
Debit Card replacement fee
Page 6 | Pricing Guide
R11,00 + R1,05/R100 (max. R65,00)
R18,00 + R1,05/R100 (max. R65,00)
No charge
R3,00
No charge
No charge
R33,00
R7,00
R7,99
R7,90 + R1,25/R100
R2,45
No charge
No charge
No charge
R3,35
No charge
R2,45
R2,50
R5,00
R14,00
R14,00
No charge
No charge
R14,00
R0,75 | R0,75 | R3,00
R5,50 per statement
R14,00
R34,00
R75,00
R30,00
No charge
R75,00
R60,00
Transact
Other fees
Notification fee (SMS or email)
Dishonoured / Returned payment
Notice of payment (Internet, Cellphone, Telephone)
• SMS | Email | Fax
Internet Banking notifications (includes RVN, TVN, logon alert)
• SMS | Email
Declined fee (insufficient funds)
• Absa ATM
• Absa-supported ATM
• Saswitch ATM / Post Office / Overseas ATM
•POS
Returned cheque deposit
R0,50
No charge
R0,75 | R0,75 | R3,00
No charge
No charge
No charge
No charge
No charge
No charge
Notes:
1. Effective 1 May 2014, cash withdrawals performed at Global Alliance partners: R35,00.
2. Effective 1 August 2014, account payments via Internet or Cellphone Banking: R1,50.
3. Clients can register for eStatements by logging on to Internet Banking and clicking on the ‘Portfolio’ menu bar and then
on ‘eStatements’, or via Telephone Banking or by sending their request to officialemail@absa.co.za
4. An additional fee of R2,00 is applicable if request is emailed or R6,50 for fax.
Page 7 | Pricing Guide
Daily Banking
Flexi Account
The Flexi Account is a full-service transactional account.
This account gives you full access to all our channels, such as
Internet and Cellphone Banking, and is ideally suited to clients
who earn a regular monthly income.
Key benefits associated with this account include free funeral
cover for clients aged between 18 and 65 years, Personal
Health Advisor, Legal Assist, Discounted Doctor’s Network and
Missing Assist. Please note that terms and conditions apply.
Flexi Account
Monthly fees
Monthly administration fee
Monthly subscription fees –
Internet, Cellphone, Telephone Banking
Deposits
Cheque deposit: Branch counter
Cheque deposit: Absa ATM
Cash deposit: Branch counter
Cash deposit: Absa ATM
Cardless cash deposit
Cash withdrawals
Branch counter
Absa ATM
Point of sale (POS)
Absa-supported ATM
Saswitch ATM / Post Office terminal
Overseas ATM / POS(1)
Purchases
Prepaid-top-up at Absa ATM, POS, Internet, Cellphone,
Telephone IVR
POS – local
POS – overseas
Account payments and funds transfers
Account payments
• Absa ATM, Internet, Cellphone, Telephone IVR
• Branch counter
• Telephone Adviser-assisted
Immediate interbank payment
• Internet, Cellphone, Telephone IVR
• Telephone Adviser-assisted
Debit and stop orders
• Internal debit orders
• External debit orders
• Stop orders
Funds transfers
• Absa ATM, Internet, Cellphone, Telephone IVR
• Branch counter
• Telephone Adviser-assisted
CashSend
• Absa ATM, Internet, Cellphone
Page 8 | Pricing Guide
R14,00
No charge
R14,00
No charge
R6,20 + R1,35/R100
R3,00 + R1,25/R100
R5,25 + R1,25/R100
R33,00 + R1,40/R100
R3,95 + R1,25/R100
R3,95
R6,95 + R1,25/R100
R9,95 + R1,25/R100
R50,00
R1,00
R2,65
R9,75 + R0,75/R100 (max. R45,00)
R7,50
R33,00
R14,50
R11,00 + R1,05/R100 (max. R65,00)
R18,00 + R1,05/R100 (max. R65,00)
No charge
R7,50
No charge
No charge
R33,00
R7,00
R7,90 + R1,25/R100
Flexi Account
Balance enquiries
Branch counter
Absa ATM
POS
Absa-supported ATM
Saswitch ATM / Post Office terminal
Overseas ATM / POS
Internet, Cellphone, Telephone IVR
Telephone Adviser-assisted
Statement fees
Absa ATM ministatement
Absa CAT terminal full statement
Full statement: Branch counter
Mailed statement
eStatement(2)
Transaction history
• Enquiry – Internet, Cellphone, Telephone IVR(3)
• Enquiry – Telephone Adviser-assisted(3)
• Cellphone – SMS | Email | Fax
Archived statements / Tax certificate – Internet
Copies of statements (per statement)
• Less than 4 months old
• 4 months or older
Administration fees
Bank cheque
Stop payments
• Branch, Internet, Telephone Adviser-assisted
Stop order establishment / amendment fee
• Branch, Internet, Telephone Adviser-assisted
Special clearance
Debit card replacement fee
Other fees
Notification fee (SMS or email)
Dishonoured / returned payment
Notice of payment (internet, Cellphone, Telephone)
• SMS | Email | Fax
Internet Banking notifications (includes RVN, TVN, logon alert)
• SMS | Email
Declined fee (insufficient funds)
• Absa ATM
• Absa-supported ATM
• Saswitch ATM / Post Office / Overseas ATM
•POS
Returned cheque deposit
R2,45
R1,50 (first 2 free pm)
R1,00
R2,95
R3,35
R4,00
No charge
R2,45
R2,50
R5,00
R14,00
R14,00
No charge
No charge
R14,00
R0,75 | R0,75 | R3,00
R5,50 per statement
R14,00
R34,00
R75,00
R30,00
No charge
R75,00
R60,00
R0,50
R5,00
R0,75 | R0,75 | R3,00
No charge
R2,50
R3,00
R4,00
R2,00
R75,00
Notes:
1. Effective 1 May 2014, cash withdrawals performed at Global Alliance partners: R35,00.
2. Clients can register for eStatements by logging on to Internet Banking and clicking on the ‘Portfolio’ menu bar and then on ‘eStatements’,
or via Telephone Banking or by sending their request to officialemail@absa.co.za
3. An additional fee of R2,00 is applicable if request is emailed or R6,50 for fax.
Page 9 | Pricing Guide
Flexi Value Bundle
With the Flexi Value Bundle, we offer you a selection of
transactions free of charge for a low monthly fee of R49,00.
Unutilised transactions for the current month will be added
to the next month’s transaction limits.
Key benefits associated with this account include free funeral
cover for clients aged between 18 and 65 years, Personal
Health Advisor, Legal Assist, Discounted Doctor’s Network and
Missing Assist. Please note that terms and conditions apply.
Flexi Value Bundle
Monthly fees
Monthly service fees
Monthly subscription fees –
Internet, Cellphone, Telephone Banking
Transactions included
Cash withdrawals Absa ATM
Debit card purchases and withdrawals
• POS purchases
• POS cash withdrawals
Electronic account and beneficiary payments
• Account payments via Absa ATM, Internet, Cellphone,
Telephone IVR
• External debit orders
Funds Transfers and Internal Payments
• Funds transfers via Absa ATM, Internet, Cellphone, Telephone IVR
• Internal debit orders
• Stop orders
Electronic information enquiries
• Statement – Absa ATM, Internet and Telephone IVR
• Balance enquiries – Absa ATM, POS, Internet, Cellphone
and Telephone IVR
Notification (SMS or email)
eStatement(1)
Roll-over of unutilised transactions(2)
Additional Features
Funeral plan
R49,00
No charge
3
8
11
Unlimited
Unlimited
No charge
No charge
1 month
R3 000
All other transactions not included in the above list or where transactions are on specific limits, will be charged at Pay-as-you-transact
fees as applied on Gold Current Account as per pricing table on page 11.
Notes:
1. Clients can register for eStatements by logging on to Internet Banking
and clicking on the ‘Portfolio’ menu bar and then on ‘eStatements’,
or via Telephone Banking or by sending their request to officialemail@
absa.co.za
2. Unutilised transactions for the current month will be added to the next
month’s transaction limits (i.e. client who only uses 2 ATM withdrawals
will have 4 ATM transactions in the subsequent month).
Page 10 | Pricing Guide
3. The following Internet, Cellphone and Telephone Banking transactions
will generate a separate fee (in addition to the monthly service fee)
on Value Bundles:
• Archived statements
• Immediate interbank payments
• Notice of payments (fax, email and SMS)
•CashSend
• Tax certificates
• Stop payments of cheques and debit orders
Full-value Banking
Gold / Platinum Current Account
Pay-as-you-transact
With the Pay-as-you-transact (or Standard Fee) pricing option, you only pay for those transactions you use.
Gold / Platinum Current Account
Monthly fees
Monthly account fee
Monthly subscription fees –
Internet, Cellphone, Telephone Banking
Deposits
Cheque deposit: Branch counter
Cheque deposit: Absa ATM
Cash deposit: Branch counter(FVB)
Cash deposit: Absa ATM
Cardless cash deposit
Cash withdrawals
Branch counter(FVB)
Absa ATM
Point of sale (POS)
Absa-supported ATM
Saswitch ATM
Overseas ATM / POS(1)
Cheque encashment
Purchases
Prepaid top-up at Absa ATM, POS, Internet, Cellphone,
Telephone IVR
POS – local
POS – overseas
Account payments and funds transfers
Account payments
• Absa ATM, Internet, Cellphone, Telephone IVR
• Branch counter
• Telephone Adviser-assisted
Immediate interbank payment
• Internet, Cellphone, Telephone IVR
• Telephone Adviser-assisted
Debit and stop orders
• Internal debit orders
• External debit orders
• Stop orders
Funds transfers
• Absa ATM, Internet, Cellphone, Telephone IVR
• Branch counter(FVB)
• Telephone Adviser-assisted
CashSend
• Absa ATM, Internet, Cellphone
Cheque issued(2)
Page 11 | Pricing Guide
R33,00
No charge
R14,00
No charge
R6,20 + 1,35% of deposit value
R3,00 + R1,25/R100
R5,25 + 1,25% of deposit value
R33,00 + R1,40/R100 (max. R500)
R3,95 + R1,25/R100
R3,95
R6,95 + R1,25/R100
R9,95 + R1,25/R100
R50,00
R33,00 + R1,40/R100 + cheque issued
R1,00
R3,85
R9,75 + R0,75/R100 (max. R45,00)
R7,50
R33,00
R14,50
R11,00 + R1,05/R100 (max. R65,00)
R18,00 + R1,05/R100 (max. R65,00)
No charge
R15,00
No charge
No charge
R33,00
R7,00
R7,90 + R1,25/R100
R33,00
Gold / Platinum Current Account
Balance enquiries
Branch counter
Absa ATM
POS
Absa-supported ATM
Saswitch ATM
Overseas ATM / POS
Internet, Cellphone, Telephone IVR
Telephone Adviser-assisted
Statement fees
Absa ATM ministatement
Absa CAT terminal full statement
Full statement: Branch counter
Mailed statement
eStatement(3)
Transaction history
• Enquiry – Internet, Cellphone, Telephone IVR(4)
• Enquiry – Telephone Adviser-assisted(4)
• Cellphone – SMS | Email | Fax
Archived statements / Tax certificate – Internet
Copies of statements (per statement)
• Less than 4 months old
• 4 months or older
Administration fees
Bank cheque / marked cheque
Stop payments
• Branch, Internet, Telephone Adviser-assisted
Stop order establishment / amendment fee
• Branch, Internet, Telephone Adviser-assisted
Special clearance
Debit Card replacement fee
Cheque Card replacement fee / new card fee
Other fees
Notification fee (SMS or email)
Overdraft ledger fee (pm)
• For the overdraft provision on your account:
- Overdraft of R250
- Overdraft over R250
• If your account goes into unauthorised overdraft / excess
Dishonoured / returned payment or RD cheque(5)
Notice of payment (Internet, Cellphone, Telephone)
• SMS | Email | Fax
Internet Banking notifications (includes RVN, TVN, logon alert)
• SMS | Email
Page 12 | Pricing Guide
R2,45
R1,00
R1,00
R2,95
R3,35
R4,00
No charge
R2,45
R2,50
R5,00
R14,00
R14,00
No charge
No charge
R14,00
R0,75 | R0,75 | R3,00
R5,50 per statement
R14,00
R34,00
R75,00
R30,00
No charge
R75,00
R60,00
R70,00
R0,50
No charge
R18,00
R57,00
R60,00
R0,75 | R0,75 | R3,00
No charge
Gold / Platinum Current Account
Other fees
Declined fee (insufficient funds)
• Absa ATM
• Absa-supported ATM
• Saswitch ATM / Post Office / Overseas ATM
•POS
Returned cheque deposit
R2,50
R3,00
R4,00
R2,00
R75,00
Notes:
A R5,00 premium will apply to these transactions for Flexi Value Bundle clients.
(FVB)
1. Effective 1 May 2014, cash withdrawals performed at Global Alliance partners: R35,00
2. Only applicable to accounts that allow cheques to be issued.
3. Clients can register for eStatements by logging on to Internet Banking and clicking on the ‘Portfolio’ menu bar
and then on ‘eStatements’, or via Telephone Banking or by sending their request to officialemail@absa.co.za
4. An additional fee of R2,00 is applicable if request is emailed or R6,50 for fax.
5. Increasing to R138,00 per transaction from the 4th occurrence within 12 months.
Page 13 | Pricing Guide
Gold / Platinum Value Bundles
With the Value Bundle pricing option we offer you a selection
of transactions free of charge for a low monthly fee. When
you’ve used all the free transactions in your bundle, you will
only pay Pay-as-you-transact fees per transaction as per
pricing table on page 11. Unused transactions as allocated
in your Value Bundle will roll over for one month if not used.
You can get up to 50% discount on your monthly fee if you
maintain a set positive balance in your account.
Monthly fees
Monthly service fees
Discounted monthly service fee:
• For maintaining a balance of:
- more than R10 000 = 10% discount; or
- more than R20 000 = 20% discount; or
- more than R30 000 = 50% discount
Monthly subscription fees –
Internet, Cellphone, Telephone Banking
Priority Pass monthly fee (optional)(1)
Transactions included
Absa ATM cash deposits
• Cash deposit Absa ATM
• Cash deposit cash acceptor
• Cardless cash deposit at cash acceptor
Absa ATM cash withdrawals
• Cash withdrawals Absa ATM
Debit Card purchases and withdrawals
• Debit and Cheque Card purchases
• Point-of-sale cash withdrawals
Electronic account and beneficiary payments
• Account payments via Absa ATM, Internet,
Cellphone, Telephone (IVR)
• External debit orders
• External stop orders
Funds transfers and internal payments
• Funds transfers via Absa ATM, Internet,
Cellphone, Telephone (IVR)
• Internal debit orders
• Internal stop orders
Electronic information enquiries
• Statement – Absa ATM, Internet and Telephone (IVR)
• Balance enquiries – Absa ATM, POS, Internet,
Cellphone and Telephone (IVR)
Notification fee (SMS or email)
eStatement(2)
Roll-over of unutilised transactions(3)
Take Me Home service
Page 14 | Pricing Guide
Furthermore, if your spouse chooses to take up a Gold or
Platinum Value Bundle he / she qualifies for a 50% discount
on his / her monthly fee. Your Value Bundle includes monthly
cash back into your account if you have a Home Loan / Credit
Card or Vehicle Finance with Absa depending on the Value
Bundle you are on. You get free subscriptions to NotifyMe,
Internet Banking, Telephone Banking and Cellphone Banking.
Gold Value Bundle
Platinum Value Bundle
R98,00
R149,00
R88,20
R78,40
R49,00
R134,10
R119,20
R74,50
No charge
N/A
No charge
R59,00
5
5
6
8
Unlimited
Unlimited
Unlimited
Unlimited
Unlimited
Unlimited
Unlimited
Unlimited
No charge
No charge
1 month
6 pa
No charge
No charge
1 month
8 pa
Cross-product benefits
Cash back for your Credit Card
Cash back for your Home Loan(4)
Cash back for your Vehicle Finance
Additional features
Spouse discount on monthly service fees
Lump sum death benefit
Gold Value Bundle
Platinum Value Bundle
R19,00
R15,00
R5,00
R41,00
R20,00
R5,00
50%
R15 000
50%
R20 000
All other transactions not included in the above list or transactions done in excess of specific limits, will be charged at Pay-as-you-transact fees
as applied on the Gold / Platinum Account as per pricing table on page 11.
Notes:
1. The first five visits per annum via Priority Pass are included in the monthly
fee. Visits in excess of five will be charged at $33,00 per visit at the
exchange rate on the day of billing.
Visit www.prioritypass.com for information on participating lounges.
Please remember to keep a personal record of your visits so you know
when your free visits have been used as statements are not provided.
A fee of R60,00 will apply to Priority Pass card replacements.
Priority Pass is for international and domestic lounge access.
2.Clients can register for eStatements by logging on to Internet Banking
and clicking on the ‘Portfolio’ menu bar and then on ‘eStatements’,
or via Telephone Banking or by sending their request to
officialemail@absa.co.za
Page 15 | Pricing Guide
3.Unutilised transactions for the current month will be added to
the next month’s transaction limits (i.e. client who only uses 2 ATM
withdrawals will have 8 ATM transactions in the subsequent month
on a Gold Value Bundle).
4.Joint home loans and home loans under the Usury Act are excluded.
5.The following Internet, Cellphone and Telephone Banking transactions
will generate a separate fee (in addition to the monthly service fee)
on Value Bundles:
• Archived statements
• Immediate interbank payments
• Notice of payments (fax, email and SMS)
•CashSend
• Tax certificates
• Stop payments of cheques or debit orders
Youth Banking
Mega U
Mega U account is the ideal account to get you started with a bank account. You need to be younger than 18 years of age
to qualify for these accounts. With this account you have the benefit of free debit card purchases, free SMS and email
notifications, free Absa ATM balance enquiries and no monthly fee. Youth clients who bank smartly can bank free of charge.
Mega U
Monthly fees
Monthly administration fee
Monthly subscription fees –
Internet, Cellphone, Telephone Banking
Deposits
Cheque deposit: Branch counter
Cheque deposit: Absa ATM
Cash deposit: Branch counter
Cash deposit: Absa ATM
Cardless cash deposit
Cash withdrawals
Branch counter
Absa ATM
Point of sale (POS)
Absa-supported ATM
Saswitch ATM / Post Office terminal
Overseas ATM / POS(1)
Purchases
Prepaid top-up at Absa ATM, POS, Internet,
Cellphone, Telephone IVR
POS – local
POS – overseas
Account payments and funds transfers
Account payments
• Absa ATM, Internet, Cellphone, Telephone IVR
• Branch counter
• Telephone Adviser-assisted
Immediate interbank payment
• Internet, Cellphone, Telephone IVR
• Telephone Adviser-assisted
Page 16 | Pricing Guide
No charge
No charge
R14,00
No charge
No charge if deposit is less than R500.
R6,20 + R1,35/R100 of full deposit if
deposit is greater than or equal to R500.
First R500 at no charge, thereafter
R1,25 per R100
First R500 at no charge, thereafter
R1,25 per R100
R33,00 + R1,40/R100
R4,20
R3,95
R7,00
R7,00
R50,00
R1,00
No charge
R45,00
R7,50
R33,00
R14,50
R11,00 + R1,05/R100 (max. R65,00)
R18,00 + R1,05/R100 (max. R65,00)
Mega U
Account payments and funds transfers
Debit and stop orders
• Internal debit orders
• External debit orders
• Stop orders
Funds transfers
• Absa ATM, Internet, Cellphone, Telephone IVR
• Branch counter
• Telephone Adviser-assisted
CashSend
• Absa ATM
• Internet, Cellphone
Balance enquiries
Branch counter
Absa ATM
POS
Absa-supported ATM
Saswitch ATM / Post Office terminal
Overseas ATM / POS
Internet, Cellphone, Telephone IVR
Telephone Adviser-assisted
Statement fees
Absa ATM ministatement
Absa CAT terminal full statement
Full statement: Branch counter
Mailed statement
eStatement(2)
Transaction history
• Enquiry – Internet, Cellphone, Telephone IVR(3)
• Enquiry – Telephone Adviser-assisted(3)
• Cellphone – SMS | Email | Fax
Archived statements / Tax certificate – Internet
Copies of statements (per statement)
• Less than 4 months old
• 4 months or older
Administration fees
Bank cheque
Stop payments
• Branch, Internet, Telephone Adviser-assisted
Stop order establishment / amendment fee
• Branch, Internet, Telephone Adviser-assisted
Special clearance
Debit Card replacement fee
Page 17 | Pricing Guide
No charge
R7,50
No charge
No charge
R33,00
R7,00
R7,99
R7,90 + R1,25/R100
R2,45
No charge
R1,00
R2,95
R3,35
R4,00
No charge
R2,45
R1,50
R5,00
R14,00
R14,00
No charge
No charge
R14,00
R0,75 | R0,75 | R3,00
R5,50 per statement
R14,00
R34,00
R75,00
R30,00
No charge
R75,00
R60,00
Mega U
Other fees
Notification fee (SMS or email)
Dishonoured / returned payment
Notice of payment (Internet, Cellphone, Telephone)
• SMS | Email | Fax
Internet Banking notifications (includes RVN, TVN, logon alert)
• SMS | Email
Declined fee (insufficient funds)
• Absa ATM
• Absa-supported ATM
• Saswitch ATM / Post Office / Overseas ATM
•POS
Returned cheque deposit
No charge
R5,00
R0,75 | R0,75 | R3,00
No charge
R2,50
R3,00
R4,00
R2,00
R75,00
Notes:
1. Effective 1 May 2014, cash withdrawals performed at Global Alliance partners: R35,00.
2. Clients can register for eStatements by logging on to Internet Banking and clicking on the ‘Portfolio’ menu bar and then
on ‘eStatements’, or via Telephone Banking or by sending their request to officialemail@absa.co.za
3. An additional fee of R2,00 is applicable if request is emailed or R6,50 for fax.
Page 18 | Pricing Guide
Student Banking
Student Silver
A Student Silver Current Account is the most cost-effective
way to bank while you are a student. For as little as R17,00 per
month, all your day-to-day banking needs are taken care of.
A Student Silver Account provides you with unlimited access
to Internet and Cellphone Banking as well as our ATM
network, providing you with convenient and affordable
access to your finances wherever you are.
EasyFee
The default pricing option on Student Silver is the EasyFee
pricing option. With this option you can perform an unlimited
number of selected transactions through our self-service
channels for a fixed fee of R17,00 per month.
Student Silver
EasyFee option
Option 1
Monthly fee
R17,00
Number of transactions included
Unlimited
Fee per transaction thereafter
N/A
For Student Silver, there are no monthly subscription fees for NotifyMe and Internet, Cellphone and Telephone Banking.
Most fees for transactions performed on these channels are included in the monthly service fee. Charges will be levied
for immediate interbank payments, notice of payments or reminders, archived statements and tax certificates.
Transactions catered for in EasyFee
The monthly fee includes any combination of the following day-to-day transactions performed on any electronic channel
(Absa ATM, Internet/Cellphone/Telephone Banking IVR):
• Absa ATM cash withdrawals
• Absa ATM cash deposits
• Absa ATM balance enquiries and ministatements
• CashSend at an Absa ATM
• Electronic funds transfers
• Account payments
• Point-of-sale purchases and cash withdrawals (local)
• Debit orders and stop orders
All other transactions not included in the above list (e.g. Saswitch transactions, branch counter transactions) will be charged for at the standard fee
as reflected on the Pay-as-you-transact pricing table on page 45. For Student Silver, monthly mailed statements and eStatements(1) are free of charge.
Note:
1. Clients can register for eStatements by logging on to Internet Banking and clicking on the ‘Portfolio’ menu bar and then on ‘eStatements’,
or via Telephone Banking or by sending their request to officialemail@absa.co.za
Page 19 | Pricing Guide
Seniors Banking
Flexi Account
Seniors Rebate Banking
Flexi Account (Seniors)
Pricing options
Seniors Rebate Banking(1) minimum balance
Monthly fees
Monthly administration fee
Monthly subscription fees –
Internet, Cellphone, Telephone Banking
Deposits
Cheque deposit: Branch counter
Cheque deposit: Absa ATM
Cash deposit: Branch counter
Cash deposit: Absa ATM
Cardless cash deposit
Cash withdrawals
Branch counter
Absa ATM
Point of sale (POS)
Absa-supported ATM
Saswitch ATM / Post Office terminal
Overseas ATM / POS(2)
Purchases
Prepaid top-up at Absa ATM, POS, Internet, Cellphone,
Telephone IVR
POS – local
POS – overseas
Account payments and funds transfers
Account payments
• Absa ATM
• Internet, Cellphone, Telephone IVR
• Branch counter
• Telephone Adviser-assisted
Immediate interbank payment
• Internet, Cellphone, Telephone IVR
• Telephone Adviser-assisted
Debit and stop orders
• Internal debit orders
• External debit orders
• Stop orders
Page 20 | Pricing Guide
R5 000
R14,00
No charge
R14,00
No charge
R6,20 + R1,35/R100
R3,00 + R1,25/R100
R5,25 + R1,25/R100
R33,00 + R1,40/R100
R3,95 + R1,25/R100
R3,95
R6,95 + R1,25/R100
R9,95 + R1,25/R100
R50,00
R1,00
R2,65
R9,75 + R0,75/R100 (max. R45,00)
R7,50
R7,50
R33,00
R14,50
R11,00 + R1,05/R100 (max. R65,00)
R18,00 + R1,05/R100 (max. R65,00)
No charge
R7,50
No charge
Flexi Account (Seniors)
Account payments and funds transfers
Funds transfers
• Absa ATM
• Internet, Cellphone, Telephone IVR
• Branch counter
• Telephone Adviser-assisted
CashSend
• Absa ATM
• Internet, Cellphone
Balance enquiries
Branch counter
Absa ATM
POS
Absa-supported ATM
Saswitch ATM / Post Office terminal
Overseas ATM / POS
Internet, Cellphone, Telephone IVR
Telephone Adviser-assisted
Statement fees
Absa ATM ministatement
Absa CAT terminal full statement
Full statement: Branch counter
Mailed statement
eStatement(3)
Transaction history
• Enquiry – Internet, Cellphone, Telephone IVR(4)
• Enquiry – Telephone Adviser-assisted(4)
• Cellphone – SMS | Email | Fax
Archived statements / Tax certificate – Internet
Copies of statements (per statement)
• Less than 4 months old
• 4 months or older
Administration fees
Bank cheque
Stop payments
• Branch, Internet, Telephone Adviser-assisted
Stop order establishment / amendment fee
• Branch, Internet, Telephone Adviser-assisted
Special clearance
Debit Card replacement fee
Page 21 | Pricing Guide
No charge
No charge
R33,00
R7,00
R7,90 + R1,25/R100
R7,90 + R1,25/R100
R2,45
R1,50 (first 2 free pm)
R1,00
R2,95
R3,35
R4,00
No charge
R2,45
R2,50
R5,00
R14,00
R14,00
No charge
No charge
R14,00
R0,75 | R0,75 | R3,00
R5,50 per statement
R14,00
R34,00
R75,00
R30,00
No charge
R75,00
R60,00
Flexi Account (Seniors)
Other fees
Notification fee (SMS or email)
Dishonoured / returned payment
Notice of payment (Internet, Cellphone, Telephone)
• SMS | Email | Fax
Internet Banking notifications (includes RVN, TVN, logon alert)
• SMS | Email
Declined fee (insufficient funds)
• Absa ATM
• Absa-supported ATM
• Saswitch ATM / Post Office / Overseas ATM
•POS
Returned cheque deposit
R0,50
R5,00
R0,75 | R0,75 | R3,00
No charge
R2,50
R3,00
R4,00
R2,00
R75,00
Notes:
1. Fees shaded indicate that no charge will be levied on this transaction when the minimum monthly account balance (as required on the Rebate Banking
pricing option) is maintained throughout the month. This option is only available to our senior clients (aged 55 or over).
2. Effective 1 May 2014, cash withdrawals performed at Global Alliance partners: R35,00
3. Clients can register for eStatements by logging on to Internet Banking and clicking on the ‘Portfolio’ menu bar and then on ‘eStatements’,
or via Telephone Banking or by sending their request to officialemail@absa.co.za
4. An additional fee of R2,00 is applicable if request is emailed or R6,50 for fax.
Page 22 | Pricing Guide
Prosperity
The Prosperity Account is one of the most affordable ways
to bank if you are 55 years and older and earn more than
R2 000 per month. If you can afford to invest R15 000 or more
you have access to the Prosperity Rebate Banking option,
where you receive up to R500,00 per month of daily banking
transactions free of charge. As a Prosperity client, you also
qualify for additional interest rate benefits on a selection
of our investment accounts.
Tip: With the Rebate option you pay no banking fees on
certain transactions if you maintain a set minimum balance
in your investment account. All other transactions not
included under Rebate Banking will be charged at the
Standard Pay-as-you-transact fee pricing as per
the pricing table on page 45.
Rebate Banking
Minimum monthly account balance
Maximum rebate amount
*No minimum balance is needed to be maintained in the
account. However, one of the following investments must
be maintained with Absa in order to qualify for rebates:
• 12 month (or longer) fixed deposit
• 12-18 month bonus deposit
• Linked rate deposit
•MoneyBuilder
• Money Market Fund
• Investment Advantage
• Depositor Plus
•TruSave
• Notice Select
N/A
R500,00
R15 000
R15 000
R15 000
R15 000
R20 000
R20 000
R20 000
R20 000
R20 000
In addition to rebates on the current account, Prosperity clients will benefit from a concession on monthly fees and most transactional charges on Internet,
Telephone and Cellphone Banking. Charges will be levied for immediate interbank payments, notice of payments or reminders, archived statements, CashSend
and tax certificates.
Transactions exempt with Rebate Banking
Monthly fees
Monthly account fee
Deposits
Cheque deposit: Branch counter / Absa ATM
Cash deposit: Branch counter / Absa ATM
Cash withdrawals
Branch counter
Absa ATM
Point of sale (POS) - local
Account payments
Account payments
• Absa ATM
• Branch counter
Debit orders and stop orders
• Internal debit orders
• External debit orders
• Stop orders
Purchases
Prepaid top-up:
Absa ATM / POS
POS – local
Funds transfers
Branch counter
Absa ATM
Balance enquiries
Absa ATM
Statement fees
Absa ATM ministatement
Other fees
Notification fee (SMS or email
Cheque encashment
Cheques issued
Chequebooks (20, 30, carbon, 40)
CashSend (Absa ATM)
All other transactions not included in the above list (e.g. Saswitch transactions) will be charged at Pay-as-you-transact fees as applied
on current accounts as per pricing table on page 45.
Page 23 | Pricing Guide
Islamic Banking
Islamic Youth
An Islamic Youth Account is the ideal account to get you
started with a bank account. You need to be younger
than 18 years of age to qualify for these accounts.
With these accounts you have the benefit of free debit card
purchases, free SMS and email notifications, free Absa ATM
balance enquiries and no monthly fee. Youth clients who bank
smartly can bank free of charge.
Islamic Youth
Monthly fees
Monthly administration fee
Monthly subscription fees –
Internet, Cellphone, Telephone Banking
Deposits
Cheque deposit: Branch counter
Cheque deposit: Absa ATM
Cash deposit: Branch counter
Cash deposit: Absa ATM
Cardless cash deposit
Cash withdrawals
Branch counter
Absa ATM
Point of sale (POS)
Absa-supported ATM
Saswitch ATM / Post Office terminal
Overseas ATM / POS(1)
Purchases
Prepaid-top-up at Absa ATM, POS, Internet,
Cellphone, Telephone IVR
POS – local
POS – overseas
Account payments and funds transfers
Account payments
• Absa ATM, Internet, Cellphone, Telephone IVR
• Branch counter
• Telephone Adviser-assisted
Immediate interbank payment
• Internet, Cellphone, Telephone IVR
• Telephone Adviser-assisted
Page 24 | Pricing Guide
No charge
No charge
R14,00
No charge
No charge if deposit is less than R500.
R6,20 + R1,35/R100 of full deposit if
deposit is greater than or equal to R500.
First R500 at no charge,
thereafter R1,25 per R100
First R500 at no charge,
thereafter R1,25 per R100
R33,00 + R1,40/R100
R4,20
R3,95
R7,00
R7,00
R50,00
R1,00
No charge
R45,00
R7,50
R33,00
R14,50
R11,00 + R1,05/R100 (max. R65,00)
R18,00 + R1,05/R100 (max. R65,00)
Islamic Youth
Account payments and funds transfers
Debit and stop orders
• Internal debit orders
• External debit orders
• Stop orders
Funds transfers
• Absa ATM, Internet, Cellphone, Telephone IVR
• Branch counter
• Telephone Adviser-assisted
CashSend
• Absa ATM
• Internet, Cellphone
Balance enquiries
Branch counter
Absa ATM
POS
Absa-supported ATM
Saswitch ATM / Post Office terminal
Overseas ATM / POS
Internet, Cellphone, Telephone IVR
Telephone Adviser-assisted
Statement fees
Absa ATM ministatement
Absa CAT terminal full statement
Full statement: Branch counter
Mailed statement
eStatement(2)
Transaction history
• Enquiry – Internet, Cellphone, Telephone IVR(3)
• Enquiry – Telephone Adviser-assisted(3)
• Cellphone – SMS | Email | Fax
Archived statements / Tax certificate – Internet
Copies of statements (per statement)
• Less than 4 months old
• 4 months or older
Administration fees
Bank cheque
Stop payments
• Branch, Internet, Telephone Adviser-assisted
Stop order establishment / amendment fee
• Branch, Internet, Telephone Adviser-assisted
Special clearance
Debit Card replacement fee
Page 25 | Pricing Guide
No charge
R7,50
No charge
No charge
R33,00
R7,00
R7,99
R7,90 + R1,25/R100
R2,45
No charge
R1,00
R2,95
R3,35
R4,00
No charge
R2,45
R1,50
R5,00
R14,00
R14,00
No charge
No charge
R14,00
R0,75 | R0,75 | R3,00
R5,50 per statement
R14,00
R34,00
R75,00
R30,00
No charge
R75,00
R60,00
Islamic Youth
Other fees
Notification fee (SMS or email)
Dishonoured / returned payment
Notice of payment (Internet, Cellphone, Telephone)
• SMS | Email | Fax
Internet Banking notifications (includes RVN, TVN, logon alert)
• SMS | Email
Declined fee (insufficient funds)
• Absa ATM
• Absa-supported ATM
• Saswitch ATM / Post Office / Overseas ATM
•POS
Returned cheque deposit
No charge
R5,00
R0,75 | R0,75 | R3,00
No charge
R2,50
R3,00
R4,00
R2,00
R75,00
Notes:
1. Effective 1 May 2014, cash withdrawals performed at Global Alliance partners: R35,00
2. Clients can register for eStatements by logging on to Internet Banking and clicking on the ‘Portfolio’ menu bar
and then on ‘eStatements’, or via Telephone Banking or by sending their request to officialemail@absa.co.za
3. An additional fee of R2,00 is applicable if request is emailed or R6,50 for fax.
Page 26 | Pricing Guide
Islamic Savings
This is a Shari’ah compliant transactional savings account that
provides you with a pre-agreed profit share payout and a card
that you can use to access your funds at any time via ATMs
or Absa branches. There is no minimum or maximum
investment period.
You can do all types of electronic payments and transfer
transactions, and if you have R10 000 or more in your account,
certain transaction fees will be waived. A minimum initial
deposit of R50,00 is required to open the account and
a minimum balance of R50,00 must be maintained.
Islamic Savings
Pricing options
Standard Fee
Rebate Banking(1) minimum balance
Monthly fees
Monthly administration fee(2)
Monthly subscription fees –
Internet, Cellphone, Telephone Banking
Deposits
Cheque deposit: Branch counter
Cheque deposit: Absa ATM
Cash deposit: Branch counter
Cash deposit: Absa ATM
Cardless cash deposit
Cash withdrawals
Branch counter
Absa ATM
Point of sale (POS)
Absa-supported ATM
Saswitch ATM / Post Office terminal
Overseas ATM / POS(3)
Purchases
Prepaid top-up at Absa ATM, POS, Internet,
Cellphone, Telephone IVR
POS – local
POS – overseas
Account payments and funds transfers
Account payments
• Absa ATM
• Internet, Cellphone, Telephone IVR
• Branch counter
• Telephone Adviser-assisted
Immediate interbank payments
• Internet, Cellphone, Telephone IVR
• Telephone Adviser-assisted
Debit and stop orders
• Internal debit orders
• External debit orders
• Stop orders
Page 27 | Pricing Guide
√
R10 000
R17,00
No charge
R14,00
No charge
R6,20 + R1,35/R100
R3,00 + R1,25/R100
R5,25 + R1,25/R100
R33,00 + R1,40/R100
R3,95 + R1,25/R100
R3,95
R6,95 + R1,25/R100
R9,95 + R1,25/R100
R50,00
R1,00
R3,85
R9,75 + R0,75/R100 (max. R45,00)
R7,50
R7,50
R33,00
R14,50
R11,00 + R1,05/R100 (max. R65,00)
R18,00 + R1,05/R100 (max. R65,00)
No charge
R7,50
No charge
Islamic Savings
Account payments and funds transfers
Funds transfers
• Absa ATM
• Internet, Cellphone, Telephone IVR
• Branch counter
• Telephone Adviser-assisted
CashSend
• Absa ATM
• Internet, Cellphone
Balance enquiries
Branch counter
Absa ATM
POS
Absa-supported ATM
Saswitch ATM / Post Office terminal
Overseas ATM / POS
Internet, Cellphone, Telephone IVR
Telephone Adviser-assisted
Statement fees
Absa ATM ministatement
Absa CAT terminal full statement
Full statement: Branch counter
Mailed statement
eStatement(4)
Transaction history
• Enquiry – Internet, Cellphone, Telephone IVR(5)
• Enquiry – Telephone Adviser-assisted(5)
• Cellphone – SMS | Email | Fax
Archived statements / Tax certificate – Internet
Copies of statements (per statement)
• Less than 4 months old
• 4 months or older
Administration fees
Bank cheque
Stop payments
• Branch, Internet, Telephone Adviser-assisted
Stop order establishment / amendment fee
• Branch, Internet, Telephone Adviser-assisted
Special clearance
Debit Card replacement fee
Page 28 | Pricing Guide
No charge
No charge
R33,00
R7,00
R7,90 + R1,25/R100
R7,90 + R1,25/R100
R2,45
R1,00
R1,00
R2,95
R3,35
R4,00
No charge
R2,45
R2,50
R5,00
R14,00
R14,00
No charge
No charge
R14,00
R0,75 | R0,75 | R3,00
R5,50 per statement
R14,00
R34,00
R75,00
R30,00
No charge
R75,00
R60,00
Islamic Savings
Other fees
Notification fee (SMS or email)
Dishonoured / Returned payment(6)
Notice of payment (Internet, Cellphone, Telephone)
• SMS | Email | Fax
Internet Banking notifications (includes RVN, TVN, logon alert)
• SMS | Email
Declined fee (insufficient funds)
• Absa ATM
• Absa-supported ATM
• Saswitch ATM / Post Office / Overseas ATM
•POS
Returned cheque deposit
R0,50
R60,00
R0,75 | R0,75 | R3,00
No charge
R2,50
R3,00
R4,00
R2,00
R75,00
Notes:
1. Fees shaded indicate that no charge will be levied on this transaction when the minimum monthly account balance
(as required on the Rebate Banking pricing option) is maintained throughout the month.
2. Clients who maintain more than R2 000 in their account throughout the month, will be exempt from paying a monthly
administration fee.
3. Effective 1 May 2014, cash withdrawals performed at Global Alliance partners: R35,00.
4. Clients can register for eStatements by logging on to Internet Banking and clicking on the ‘Portfolio’ menu bar and then
on ‘eStatements’, or via Telephone Banking or by sending their request to officialemail@absa.co.za
5. An additional fee of R2,00 is applicable if request is emailed or R6,50 for fax.
6. Increasing to R138,00 per transaction from the 4th occurrence within 12 months.
Page 29 | Pricing Guide
Islamic Cheque
Value Bundles
This is a Shari’ah compliant cheque product based on a Qard
structure, and offers a transactional account vehicle that
allows you to have an affordable Silver, Gold or Platinum Value
Bundle pricing option. Bank from as little as R89,00 per month
with a Value Bundle. With the Value Bundle pricing option we
offer you a selection of transactions for a low monthly fee.
When you’ve used all the transactions in your bundle, you will
only pay Standard Fees per transaction as per the Pay-as-youtransact pricing table on page 45.
Monthly fees
Monthly service fees
Discounted monthly service fee:
• For maintaining a balance of:
- more than R10 000 = 10% discount; or
- more than R20 000 = 20% discount; or
- more than R30 000 = 50% discount
Monthly subscription fees – Internet, Cellphone,
Telephone Banking
Priority Pass monthly fee (optional)(1)
Transactions included
Absa ATM cash deposits
• Cash deposit Absa ATM
• Cash deposit cash acceptor
• Cardless cash deposit at cash acceptor
Absa ATM cash withdrawals
• Cash withdrawals Absa ATM
Debit Card purchases and withdrawals
• Debit and Cheque Card purchases
• Point-of-sale cash withdrawals
Electronic account and beneficiary payments
• Account payments via Absa ATM, Internet, Cellphone,
Telephone IVR
• External debit orders
• External stop orders
Funds transfers and internal payments
• Funds transfers via Absa ATM, Internet, Cellphone,
Telephone IVR
• Internal debit orders
• Internal stop orders
Electronic information enquiries
• Statement – Absa ATM, Internet and Telephone IVR
• Balance enquiries – Absa ATM, POS, Internet, Cellphone
and Telephone IVR
Notification fee (SMS or email)
eStatement(2)
Roll-over of unutilised transactions(3)
Page 30 | Pricing Guide
Unused transactions as allocated in your Value Bundle will
roll-over for one month if not used. You can get up to 50%
discount on your monthly fee if you maintain a set positive
balance in your account. Furthermore, if your spouse chooses
to take up a Silver, Gold or Platinum Value Bundle he/she
qualifies for a 50% discount on his/her monthly fee. Your
Value Bundle includes monthly cash back into your account
for having a home loan*/credit card*/vehicle finance/personal
loan* or micro loan* with Absa, dependent on the Value
Bundle you are on. You get subscriptions to NotifyMe, Internet
Banking, Cellphone Banking and Telephone Banking as part
of your Value Bundle option.
Silver
Value Bundle
Gold
Value Bundle
Platinum
Value Bundle
R89,00
R98,00
R149,00
R80,10
R71,20
R44,50
R88,20
R78,40
R49,00
R134,10
R119,20
R74,50
No charge
N/A
No charge
N/A
No charge
R59,00
5
5
5
5
6
8
Unlimited
Unlimited
Unlimited
Unlimited
Unlimited
Unlimited
Unlimited
Unlimited
Unlimited
Unlimited
Unlimited
Unlimited
No charge
No charge
1 month
No charge
No charge
1 month
No charge
No charge
1 month
Cross-product benefits
Cash back for your Credit Card
Cash back for your Home Loan(4)
Cash back for your Vehicle Finance
Cash back for your Personal Loan
Additional features
Spouse discount
Lump sum Takaful benefit
Silver
Value Bundle
Gold
Value Bundle
Platinum
Value Bundle
R15,00
R10,00
R0,00
R5,00
R19,00
R15,00
R5,00
R0,00
R41,00
R20,00
R5,00
R0,00
50%
R10 000
50%
R15 000
50%
R20 000
All other transactions not included in the above list or transactions done in excess of specific limits, will be charged at Pay-as-you-transact fees
as applied on the Silver Account as per pricing table on page 55, or on the Gold/Platinum Account as per pricing table on page 11.
Notes:
1. The first five visits per annum via Priority Pass are included in the
monthly fee. Visits in excess of five will be charged at $33,00 per visit
at the exchange rate on the day of billing. Visit www.prioritypass.com
for information on participating lounges. Please remember to keep a
personal record of your visits so you know when your free visits have
been used as statements are not provided. A fee of R60,00 will apply
to Priority Pass card replacements. Priority Pass is for international and
domestic lounge access.
2. Clients can register for eStatements by logging on to Internet Banking
and clicking on the ‘Portfolio’ menu bar and then on ‘eStatements’,
or via Telephone Banking or by sending their request to officialemail@
absa.co.za
3. Unutilised transactions for the current month will be added to the next
month’s transaction limits (i.e. a Gold Value Bundle client who only
uses 2 ATM withdrawals will have 8 ATM transactions in the
subsequent month).
4. Joint home loans and home loans under the Usury Act are excluded.
Page 31 | Pricing Guide
Note:
The following Internet, Cellphone and Telephone Banking transactions
will generate a separate fee (in addition to the monthly service fee) on
Value Bundles:
• Archived statements
• Immediate interbank payments
• Notice of payments (fax, email and SMS)
•CashSend
• Tax certificates
• Stop payments of cheques and debit orders
* Not Shariah compliant.
Savings and Investments
Start saving for your future now with our range of savings and investment accounts. Absa Internet Banking clients can
conveniently open a range of savings and investment accounts online without going into a branch. Keep your hard-earned
savings in a savings or investment account to ensure you maximise your returns and keep control of your savings goals.
Monthly fees
Monthly administration fee
Deposits
Cheque deposit: Branch counter
Cheque deposit: Absa ATM
Cash deposit: Branch counter
Cash deposit: Absa ATM
Cardless cash deposit
Cash withdrawals
Branch counter
Absa ATM
Absa-supported ATM
Saswitch ATM
Overseas ATM(1)
Account payments and funds transfers
Account payments
• Absa ATM
• Branch counter
Debit and stop orders
• Internal debit orders
• External debit orders
• Stop orders
Funds transfers
• Absa ATM
• Branch counter
Balance enquiries
Branch counter
Absa ATM
Absa-supported ATM
Saswitch ATM
Statement fees
Branch counter full statement
Absa ATM ministatement
Absa CAT terminal full statement
Mailed statement
eStatement(2)
Page 32 | Pricing Guide
TruSave
Depositor Plus
Club Account
No charge
No charge
No charge
R14,00
No charge
R6,20 + R1,35/R100
R3,00 + R1,25/R100
(first 4 ATM cash
deposits free pm)
R5,25 + R1,25/R100
R14,00
No charge
R6,20 + R1,35/R100
R3,00 + R1,25/R100
R14,00
N/A
R6,20 + R1,35/R100
N/A
R5,25 + R1,25/R100
N/A
R33,00 + R1,40/R100
(max. R500)
R6,95 + R1,25/R100
(first 2 free pa)
R9,95 + R1,25/R100
R12,95 + R1,25/R100
R50,00
R33,00 + R1,40/R100
(max. R500)
R3,95 + R1,25/R100
R33,00 + R1,40/R100
(max. R500)
N/A
R6,95 + R1,25/R100
R9,95 + R1,25/R100
R50,00
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
R33,00
N/A
N/A
N/A
N/A
N/A
N/A
No charge
R7,50
No charge
No charge
R33,00
No charge
R33,00
N/A
R33,00
R2,45
R1,00 (first 2 free pm)
R2,95
R3,35
R2,45
R1,00
R2,95
R3,35
R2,45
N/A
N/A
N/A
R14,00
R2,50 (first 2 free pm)
R5,00
R14,00
No charge
R14,00
R2,50
R5,00
No charge
No charge
R14,00
N/A
N/A
R14,00
No charge
Administration fees
Bank cheque
Stop payment instruction
Special clearance
Debit Card replacement fee
Other fees
Notification fee (SMS or email)
Dishonoured / returned payment(3)
Declined fee (insufficient funds)
• Absa ATM
• Absa-supported ATM
• Saswitch ATM
•POS
Returned cheque deposit
TruSave
Depositor Plus
Club Account
R75,00
R30,00
N/A
N/A
R75,00
R30,00
N/A
N/A
R75,00
R30,00
R75,00
N/A
R0,50
N/A
No charge
N/A
No charge
R36,00
R2,50
R3,00
R4,00
N/A
R75,00
R2,50
R3,00
R4,00
N/A
R75,00
N/A
N/A
N/A
N/A
R75,00
Notes:
1. Effective 1 May 2014, cash withdrawals performed at Global Alliance partners: R35,00.
2. Clients can register for eStatements by logging on to Internet Banking and clicking on the ‘Portfolio’ menu bar and then on ‘eStatements’,
or via Telephone Banking or by sending their request to officialemail@absa.co.za
3. Increasing to R50,00 per transaction from the 4th occurrence within 12 months.
Page 33 | Pricing Guide
Money Market Fund
Money Market Fund
Monthly fees
Monthly administration fee
Commission
All credits into account except for counter cash deposits
Deposits
Cheque deposit: Branch counter
Cheque deposit: Absa ATM
Cash deposit: Branch counter
Cash deposit: Absa ATM
Cardless cash deposit
Cash withdrawals
Branch counter(1)
Absa ATM(1)
Absa-supported ATM
Saswitch ATM
Overseas ATM(2)
Account payments and funds transfers
Account payments
• Absa ATM
• Branch counter
Debit and stop orders
• Internal debit orders
• External debit orders
• Stop orders
Funds transfers
• Absa ATM
• Branch counter
Balance enquiries
Branch counter
Absa ATM
Absa-supported ATM
Saswitch ATM
Statement fees
Branch counter full statement
Absa ATM ministatement
Absa CAT terminal full statement
Mailed statement
eStatement(3)
Administration fees
Bank cheque(1)
Stop payment instruction
Special clearance
Debit Card replacement fee
Page 34 | Pricing Guide
No charge
0,40%
Commission applicable
Commission applicable
R6,20 + R1,35/R100
Commission applicable
Commission applicable
No charge
No charge
R6,95 + R1,25/R100
R9,95 + R1,25/R100
R50,00
N/A
N/A
N/A
N/A
N/A
No charge
No charge
No charge
No charge
R2,95
R3,35
No charge
No charge
No charge
No charge
No charge
R75,00
R30,00
No charge
R60,00
Money Market Fund
Other fees
Notification fee (SMS or email)
Dishonoured / returned payment
Declined fee (insufficient funds)
• Absa ATM
• Absa-supported ATM
• Saswitch ATM
•POS
Returned cheque deposit
No charge
N/A
No charge
No charge
No charge
No charge
R75,00
Notes:
1. Provided a minimum balance of R100 000 is maintained in the account at all times the transactions indicated will be exempt
from standard charges.
2. Effective 1 May 2014, cash withdrawals performed at Global Alliance partners: R35,00.
3. Clients can register for eStatements by logging on to Internet Banking and clicking on the ‘Portfolio’ menu bar and then on ‘eStatements’,
or via Telephone Banking or by sending their request to officialemail@absa.co.za
Page 35 | Pricing Guide
Credit Cards
When used wisely, your Credit Card is actually cheaper to use
than a Debit Card, as most of your purchase transactions are
free. It’s also smarter to use your Credit Card instead of using
cash – and here’s why:
• You get up to 57 interest-free days on purchases, excluding
cash withdrawals, casino transactions, Internet Banking
transfers, fuel purchases and budget plan purchases.
This applies if all outstanding balances on the Credit Card
account were fully paid by the due dates. Cash and Garage
Card transactions are not included in the interest-free
period, as interest is charged from the date of transaction.
Terms and conditions apply.
• Avoid paying cash deposit fees when you transfer
payments to your Credit Card using electronic channels
(Internet, Cellphone or ATM).
Tip: Use your Credit Card for fuel purchases, as no transaction
fees are charged when making fuel purchases with
a Credit Card.
Card type
Transact Credit
Gold
Titanium
Platinum
Credit Card
Affinity Card
Garage Card
Secondary Card
R50,00 pm
N/A
N/A
No charge
R21,00 pm
R21,00 pm
R16,00 pm
No charge
R35,00 pm
N/A
R16,00 pm
No charge
R46,50 pm
N/A
R16,00 pm
No charge
Credit Cards
Monthly Fees
Monthly subscription fees – Internet, Cellphone, Telephone Banking
Purchases
Credit Card purchases
Garage Card purchases
Deposits
Cheque deposit: Branch counter
Cheque deposit: Absa ATM
Cash deposit: Branch counter
Cash deposit: Absa ATM
Cash withdrawals
Branch counter (any local bank)
Absa ATM
Absa-supported ATM
Saswitch ATM
Overseas ATM(1)
Account payments and funds transfers
Account payments
• Absa ATM
• Branch counter
Funds transfers
• Absa ATM
• Branch counter
Balance enquiries
Absa ATM
Absa-supported ATM
Saswitch ATM / Post Office terminal
Overseas ATM / POS
Page 36 | Pricing Guide
No charge
No charge
R4,00
R14,00
No charge
R6,20 + R1,35/R100
R3,00 + R1,25/R100
R33,00 + R1,40/R100 (max. R500)
R3,95 + R1,25/R100
R6,95 + R1,25/R100
R9,95 + R1,25/R100
R50,00
R7,50
R33,00
No charge
R33,00
R1,00
R2,95
R3,35
R4,00
Credit Cards
Statement fees and notifications
Absa ATM ministatement
SMS / email notifications
Other fees
Replacement / lost card administration fee(2)
Unpaid debit order / cheque fee
Invalid disputes fee – domestic transactions
Invalid disputes fee – international transactions
Duplicate statement fee
Face-to-face delivery(3)
Same-day delivery
Bank cheque
Initiation fee
Load fee: Low-value payments (LVP)
•POS
• Branch, ATM, Internet, Cellphone, Telephone
R2,50
R0,50
R110,00
R95,00
R42,00
R113,00
R5,00 per request. R1,00 per page (max. R50,00).
R99,00
R314,00
R75,00
R135,00
3,5% of deposit value (minimum charge of R1,50)
2,5% of deposit value (minimum charge of R1,50)
Notes:
1. A currency conversion fee of 2,75% (of the rand value of the transaction) applies to any transaction outside South Africa.
2. We may charge a replacement card fee or lost card administration fee at our own discretion.
3. Face-to-face delivery:
• Free on Gold and Platinum Credit Card reissue and replacement cards only.
• Fee will be charged on all other products for reissue and replacement cards (if requested by client).
Page 37 | Pricing Guide
Home Loans
A Home Loan offers you flexible repayment terms so you can
repay your loan over any term up to 30 years. You also get
to choose from a range of interest rate options. Easy access
means you can use the funds you have paid in advance in
your Home Loan immediately with FlexiReserve. At any time,
you can choose to save interest by depositing an additional
amount into your loan. As your property appreciates in value,
you can also increase your loan amount to finance whatever
you want.
Home Loans
Initiation fees
All loans
Monthly service fees
MyHome clients(1)
All other agreements
Deposits
Cash deposit: Branch counter(2)
Notes:
1. MyHome client – gross monthly income less than R18 600
(subject to change annually).
2.Fee applicable for all cash deposited in excess of the monthly repayment
amount. Please note that ATM deposits, cheque deposits and electronic
deposits are free of charge.
Page 38 | Pricing Guide
R5 000 + VAT
R35,91
R57,00
R6,20 + R1,35/R100
Early Settlement Interest
Penalty interest will be levied on all Home Loans cancelled, where a 90-day
prior notice of the intention of such closure has been given, in accordance
with the mortgage loan agreement.
In cases where a loan is closed in a period shorter than the full requirement
of 90 days, the interest calculation will be reduced by such period (i.e. if a
client gives notice 30 days before account closure, he or she will only be liable
for the remaining 60-day period, i.e. 90 days less actual days’ notice given).
International Banking
Foreign exchange – general information
Whether your overseas trip is for business, pleasure or a
combination thereof, Absa will help you with all your financial
arrangements so that your trip is enjoyable and hassle-free.
Please note these important rules regarding
foreign exchange
The South African Reserve Bank sets an annual amount
that adults, children and business representatives may take
overseas. As the rules and limits change from time to time,
please ask us about the latest allowances. In terms of current
South African Exchange Control regulations, you may not be
given your foreign exchange more than 60 days before you
leave. You will only be given your travel allowance if you have
a valid passenger ticket, e-ticket or electronic flight voucher in
your name, for a journey commencing from South Africa.
We can also provide you with foreign exchange for
overland travel.
Absa’s Foreign Exchange Desk deals in all major foreign
currencies and is able to provide foreign currency for travel
or transactional purposes, including:
• American Express Travellers Cheques
• Foreign banknotes
• Cash Passport
• Bank drafts and electronic funds transfers
• An up-to-date listing of current exchange rates
Tip: Use an Absa Cash Passport when travelling
internationally. It is much safer and more convenient
than carrying cash.
International Banking
Purchase and sale of foreign banknotes
Purchase and sale of foreign banknotes
Travellers cheques
Travellers cheques sold
Travellers cheques sold to Prosperity Card holders
Travellers cheques purchased
Travellers cheques repurchased from clients
who previously bought from Absa
Visa letter
Cash Passport
Sale of Cash Passport
Once-off card activation fee: (currency-based)
Multi-currency Card
Secondary Card
Repurchase of Cash Passport (cash out)
Bank drafts
Sale of bank drafts
Transfer outwards
Telegraphic transfers outwards
Transfer inwards
Inwards transfers received
Inwards pension payments for Prosperity members
• Transaction value <R10 000
• Transaction value R10 000 and above
Page 39 | Pricing Guide
1,68%
Minimum R115,00
1,71%
1,50%
1,71%
Minimum R130,00
Minimum R110,00
Minimum R130,00
No charge
R55,00
1,65% Minimum R100
$10,00 (USD)
£7,50 (GBP)
€10,00 (EUR)
$10,00 (AUD)
R50,00 (ZAR)
Free if original purchase was from Absa
1,5125% Minimum R181,50
Maximum R847,00
0,462% Minimum R115,00
Maximum R603,75
Electronic cost R55,00
0,462% Minimum R115,00
Maximum R603,75
No charge
0,44% Minimum R115,00
Maximum R575,00
International Banking
Cash-handling fee
Cash-handling fee
• Transaction value under R50 000
• Transaction value above R50 000
R250,00
R6,20 + 1,35% (VAT incl.)
of the value of the cash exchanged
for foreign currency
Note:
Tariffs contained herein for International Banking are quoted excluding VAT unless stated otherwise.
Page 40 | Pricing Guide
Other offerings
Prepaid Debit Card
The Prepaid Debit Card is a basic cash-in / cash-out account and is ideal for someone who only needs access
to basic banking services such as deposits, cash withdrawals, Debit Card purchases and airtime top-ups.
Debit orders and bill payments are restricted on the Prepaid Debit Card.
Prepaid Debit Card
Monthly fees
Monthly administration fee(1)
Monthly subscription fees –
Internet, Cellphone, Telephone Banking
Once-off card fee
Deposits(2)
Cheque deposit: Branch counter
Cheque deposit: Absa ATM
Cash deposit: Branch counter
Cash deposit: Absa ATM
Cardless cash deposit
Cash withdrawals
Branch counter
Absa ATM
Point of sale (POS)
Absa-supported ATM
Saswitch ATM / Post Office terminal
Overseas ATM / POS
Purchases
Prepaid-top-up at Absa ATM or POS
Prepaid-top-up at Internet, Cellphone, Telephone IVR
POS – local
POS – overseas
Account payments and funds transfers
CashSend
• Absa ATM
Balance enquiries
Branch counter
Absa ATM
POS
Absa-supported ATM
Saswitch ATM
Post Office terminal
Statement fees
Absa ATM ministatement
Absa CAT terminal full statement
Branch counter full statement
Mailed statement
eStatement
Page 41 | Pricing Guide
No charge
N/A
R30,00
2,5%
2,5%
2,5%
2,5%
2,5%
No charge
No charge
No charge
No charge
R7,00
N/A
No charge
N/A
No charge
N/A
No charge
No charge
No charge
No charge
No charge
No charge
No charge
No charge
No charge
No charge
N/A
N/A
Prepaid Debit Card
Statement fees
Copies of statements (per statement)
• Less than 4 months old
• 4 months or older
Administration fees
Bank cheque
Reissue card fee(3)
Inactive fee (pm)(4)
Special clearance
Debit Card replacement fee
Other fees
Notification fee (SMS or email)
Declined fee (insufficient funds)
• Absa ATM
• Absa-supported ATM
• Saswitch ATM / Post Office / Overseas ATM
•POS
Returned cheque deposit
R14,00
R34,00
N/A
R30,00
R10,00
No charge
R60,00
No charge
No charge
No charge
No charge
No charge
No charge
Notes:
1. A R10,00 administration fee will apply when the card expires and the client did not request the reissuing of a new card.
2.All credits to the Prepaid Debit Card Account will attract a fee of 2,5% of the value of the deposit amount, i.e. R2,50 for R100.
3.When a client requests a new card to replace the expired card, a reissue card fee will be charged.
4.A R10,00 inactive fee will apply per month if the card is not utilised for a 12-month period.
Page 42 | Pricing Guide
Mzansi(1)
Mzansi is ideal for individuals who only perform a limited number of basic banking transactions. One of the key benefits
of this account is that it has no monthly administration fee. This means that you are only charged when you use this account.
A minimum balance of R10,00 is required to open the account; once the account is opened, no minimum balance applies.
The maximum balance allowed on this account is R15 000.
Mzansi
Monthly fees
Monthly administration fee
Monthly subscription fees –
Internet, Cellphone, Telephone Banking
Deposits
Cheque deposit: Branch counter
Cheque deposit: Absa ATM
Cash deposit: Branch counter(2)
Cash deposit: Absa ATM(2)
Cardless cash deposit(2)
Cash withdrawals
Branch counter
Absa ATM
Point of sale (POS)
Absa-supported ATM
Saswitch ATM | Post Office terminal
Overseas ATM / POS
Purchases
Prepaid top-up at Absa ATM, POS, Internet,
Cellphone, Telephone IVR
POS – local
POS – overseas
Account payments and funds transfers
Account payments
• Absa ATM
• Internet, Cellphone, Telephone IVR
• Branch counter
• Telephone Adviser-assisted
Immediate interbank payment
• Internet, Cellphone, Telephone IVR
• Telephone Adviser-assisted
Debit and stop orders
• Internal debit orders
• External debit orders
• Stop orders
Funds transfers
• Absa ATM, Internet, Cellphone, Telephone IVR
• Branch counter
• Telephone Adviser-assisted
CashSend
• Absa ATM
• Internet, Cellphone
Page 43 | Pricing Guide
No charge
N/A
R13,00
No charge
R13,00
R5,20
R5,25 + R1,25/R100
R13,00
R5,20
R3,95
R5,20
R5,20 | R13,00
N/A
R1,00
R2,00
N/A
R5,80
R7,50
R33,00
R14,50
R11,00 + R1,05/R100 (max. R65,00)
R18,00 + R1,05/R100 (max. R65,00)
No charge
R5,80
No charge
No charge
R33,00
R7,00
R7,99
R7,90 + R1,25/R100
Mzansi
Balance enquiries
Branch counter
Absa ATM
POS
Absa-supported ATM
Saswitch ATM | Post Office terminal
Overseas ATM / POS
Internet, Cellphone, Telephone IVR
Telephone (0860 MZANSI / 0860 692 674)
Statement fees
Absa ATM ministatement
Absa CAT terminal full statement
Full statement: Branch counter
Mailed statement
eStatement
Transaction history
• Enquiry – Internet, Cellphone, Telephone IVR(3)
• Enquiry – Telephone Adviser-assisted(3)
• Cellphone – SMS | Email | Fax
Archived statements / Tax certificate – Internet
Copies of statements (per statement)
• Less than 4 months old
• 4 months or older
Administration fees
Bank cheque
Stop payments
• Branch, Internet, Telephone Adviser-assisted
Stop order establishment / amendment fee
• Branch, Internet, Telephone Adviser-assisted
Special clearance
Debit Card replacement fee
Other fees
Notification fee (SMS or email)
Dishonoured / returned payment
Notice of payment (Internet, Cellphone, Telephone)
• SMS | Email | Fax
Internet Banking notifications (includes RVN, TVN, logon alert)
• SMS / Email
Declined fee (insufficient funds)
• Absa ATM
• Absa-supported ATM
• Saswitch ATM / Post Office / Overseas ATM
•POS
Returned cheque deposit
R2,45
R1,00 (first 2 free pm)
R1,00
R1,00
R1,00 I R2,45
N/A
No charge
R1,80
R1,50
R4,00
R4,00
N/A
N/A
No charge
R14,00
R0,75 | R0,75 | R3,00
R5,50 per statement
R14,00
R34,00
R75,00
R30,00
No charge
R75,00
R60,00
R0,50
(first 1 free pm) R5,00
R0,75 | R0,75 | R3,00
No charge
No charge
No charge
No charge
No charge
R75,00
Notes:
1. Mzansi account holders are allowed 5 credit transactions and 5 debit transactions per month at the above transaction fees. Clients who exceed these
limits (from the 6th and subsequent debit or credit transactions) will incur a fee of R10,00 per transaction in addition to the normal transaction fee.
2.The first cash deposit per month to the account is free of charge. Standard charges apply to subsequent credits to the account.
3.An additional fee of R2,00 is applicable if request is emailed or R6,50 for fax.
Page 44 | Pricing Guide
Current Accounts
Absa Current Account, Student Silver,
Prosperity, Islamic Cheque and Shared Account
Opening a current account is your first step towards building
a solid credit history. With a current account you can choose
to take up an overdraft facility and you have access to a range
of pricing options to best suit your unique needs.
You have access to all our channels through which you can
perform your daily banking, and some of our offers include
the option of personalised service.
Tip: Aside from the convenient daily banking facilities
offered, current accounts are a great way to start building
a positive credit history.
Standard Fee or Pay-as-you-transact
With the Standard Fee or Pay-as-you-transact pricing option, you only pay for those transactions you use.
Pay-as-you-transact
Monthly fees
Monthly account fee
Monthly subscription fees –
Internet, Cellphone, Telephone Banking
Deposits
Cheque deposit: Branch counter
Cheque deposit: Absa ATM
Cash deposit: Branch counter
Cash deposit: Absa ATM
Cardless cash deposit
Cash withdrawals
Branch counter
Absa ATM
Point of sale (POS)
Absa-supported ATM
Saswitch ATM
Overseas ATM / POS(1)
Cheque encashment
Purchases
Prepaid top-up at Absa ATM, POS, Internet,
Cellphone, Telephone IVR
POS – local
POS – overseas
Account payments and funds transfers
Account payments
• Absa ATM, Internet, Cellphone, Telephone IVR
• Branch counter
• Telephone Adviser-assisted
Immediate interbank payment
• Internet, Cellphone, Telephone IVR
• Telephone Adviser-assisted
Debit and stop orders
• Internal debit orders
• External debit orders
• Stop orders
Page 45 | Pricing Guide
R33,00
No charge
R14,00
No charge
R6,20 + 1,35% of deposit value
R3,00 + R1,25/R100 (or part thereof)
R5,25 + 1,25% of deposit value
R33,00 + R1,40/R100 (max. R500)
R3,95 + R1,25/R100
R3,95
R6,95 + R1,25/R100
R9,95 + R1,25/R100
R50,00
R33,00 + R1,40/R100 + cheques issued
R1,00
R3,85
R9,75 + R0,75/R100 (max. R45,00)
R7,50
R33,00
R14,50
R11,00 + R1,05/R100 (max. R65,00)
R18,00 + R1,05/R100 (max. R65,00)
No charge
R15,00
No charge
Pay-as-you-transact
Account payments and funds transfers
Funds transfers
• Absa ATM, Internet, Cellphone, Telephone IVR
• Branch counter
• Telephone Adviser-assisted
CashSend
• Absa ATM, Internet, Cellphone
Cheque issued(2)
Balance enquiries
Branch counter
Absa ATM
POS
Absa-supported ATM
Saswitch ATM / Post Office terminal
Overseas ATM / POS
Internet, Cellphone, Telephone IVR
Telephone Adviser-assisted
Statement fees
Absa ATM ministatement
Absa CAT terminal full statement
Full statement: Branch counter
Mailed statement(3)
eStatement(4)
Transaction history
• Enquiry – Internet, Cellphone, Telephone IVR(5)
• Enquiry – Telephone Adviser-assisted(5)
• Cellphone – SMS | Email | Fax
Archived statements / Tax certificate – Internet
Copies of statements (per statement)
• Less than 4 months old
• 4 months or older
Administration fees
Bank cheque / marked cheque
Stop payments
• Branch, Internet, Telephone Adviser-assisted
Stop order establishment / amendment fee
• Branch, Internet, Telephone Adviser-assisted
Special clearance
Debit Card replacement fee
Cheque Card replacement fee / new card fee
Page 46 | Pricing Guide
No charge
R33,00
R7,00
R7,90 + R1,25/R100
R33,00
R2,45
R1,00
R1,00
R2,95
R3,35
R4,00
No charge
R2,45
R2,50
R5,00
R14,00
R14,00 (free for Prosperity holders)
No charge
No charge
R14,00
R0,75 | R0,75 | R3,00
R5,50 per statement
R14,00
R34,00
R75,00
R30,00
No charge
R75,00
R60,00
R70,00
Pay-as-you-transact
Other fees
Notification fee (SMS or email)
Overdraft ledger fee (pm)(6)
•For the overdraft provision on your account:
• Overdraft of R250
• Overdraft over R250
•If your account goes into unauthorised overdraft / excess
Dishonoured / returned payment or RD cheque
Notice of payment (internet, Cellphone, Telephone)
• SMS | Email | Fax
Internet Banking notifications (includes RVN, TVN, logon alert)
• SMS / Email
Declined fee (insufficient funds)
• Absa ATM
• Absa-supported ATM
• Saswitch ATM / Post Office / Overseas ATM
•POS
Returned cheque deposit
R0,50
No charge
R18,00
R57,00
R36,00(7) (Absa Current Account)
R60,00(8) ( Student Silver, Prosperity,
Islamic and Shared Account)
R0,75 | R0,75 | R3,00
No charge
R2,50
R3,00
R4,00
R2,00
R75,00
Notes:
1. Effective 1 May 2014, cash withdrawals performed at Global Alliance partners: R35,00.
2. Only applicable to accounts that allow cheques to be issued.
3. For Prosperity and Student Silver, monthly mailed statements are free of charge.
4. Clients can register for eStatements by logging onto Internet Banking and clicking on the portfolio menu bar and then eStatements
or via Telephone Banking or by sending their request to officialemail@absa.co.za
5. An additional fee of R2,00 is applicable if request is emailed or R6,50 for fax.
6. Overdraft ledger fees and unauthorised overdraft/excess fees will not be charged on Student Silver.
7. Increasing to R50,00 per transaction from the 4th occurrence within 12 months.
8. Increasing to R138,00 per transaction from the 4th occurrence within 12 months.
Page 47 | Pricing Guide
OneTouch
The OneTouch Card is a prepaid card designed for use in the
retail and transit environments for payments of low value and
can be used for both contact and contactless transactions.
The card allows for payments of goods and services at
participating merchants displaying the MasterCard with
PayPass™ and/or MasterCard Cash logos.
This is a convenient alternative to paying with cash and all
the client has to do to make a contactless transaction is touch
the card on a contactless card Point-of-Sale (POS) reader for a
transaction that happens in seconds with no PIN or signature
required. If there is no contactless card reader the card can be
used at any merchant displaying the MasterCard logo for
contact transactions where PIN entry will be required.
OneTouch
Transaction type
Once-off card fee
Card replacement fee
Card reissue fee
Loads: Absa Branch
Loads: Absa ATM
Loads: Absa Internet Banking
Loads: Absa Cellphone Banking
Loads: Absa Telephone Banking
Load: Participating merchants and enabled transit partners
Loading of transit products (at supported transit partners)
Monthly administration fee after card expiry
POS – local
Balance enquiries
Statement fees
Declined fee (insufficient funds)
Fee
R20,50
R20,50
R20,50
2,5% of value loaded or minimum R1,50
2,5% of value loaded or minimum R1,50
2,5% of value loaded or minimum R1,50
2,5% of value loaded or minimum R1,50
2,5% of value loaded or minimum R1,50
3,5% of value loaded or minimum R1,50
No charge
R10,00
No charge
No charge
No charge
No charge
Notes:
• If a load is done by transferring funds from an account, the load fees will be applied to the account being transferred from.
• If a load is done with cash, the load fee will be deducted from the value being loaded and only the difference made available on your card.
• A R10,00 administration fee will apply when the card expires and the client did not request the reissuing of a new card.
• When a client requests a new card to replace the expired card, a reissue card fee will be charged.
Page 48 | Pricing Guide
Safe custody
Safe custody
Transaction type
Initiation fee
Accessing items stored in safe custody
Annual fee
Absa lockers
Minimum
Maximum
Other
Envelope safe custody(1)
Fixed fee (items stored in safe – excluding informal security)(1)
Fee
R350,00
R15,50
Fee
R1 000
R2 720
R240,00
R1 000
Note:
1. These are paid annually in advance on or before 30 June and apply to clients that do not make use of lockers to have their items stored.
Page 49 | Pricing Guide
Off-sale products
Off-sale products are those products that are no longer available to any clients.
However, clients already holding these products will continue to be serviced on these products.
Transactional: ActiveSave
The Standard and Rebate pricing options for this product are as follows:
ActiveSave
Pricing options
Standard Fee
Rebate Banking(1) Minimum balance
Monthly fees
Monthly administration fee(2)(PO)
Monthly subscription fees –
Internet, Cellphone Telephone Banking
Deposits
Cheque deposit: Branch counter
Cheque deposit: Absa ATM
Cash deposit: Branch counter
Cash deposit: Absa ATM
Cardless cash deposit
Cash withdrawals
Branch counter
Absa ATM(PO)
Point of sale (POS) (PO)
Absa-supported ATM
Saswitch ATM / Post Office terminal
Overseas ATM / POS(3)
Purchases
Prepaid top-up at Absa ATM, POS, Internet,
Cellphone, Telephone IVR
POS – local(PO)
POS – overseas
Account payments and funds transfers
Account payments
• Absa ATM(PO)
• Branch counter
• Telephone Adviser-assisted
• Internet, Cellphone, Telephone IVR
Immediate interbank payment
• Internet, Cellphone, Telephone IVR
• Telephone Adviser-assisted
Debit and stop orders(PO)
• Internal debit orders
• External debit orders
• Stop orders
Page 50 | Pricing Guide
√
R10 000
R17,00
No charge
R14,00
No charge
R6,20 + R1,35/R100
R3,00 + R1,25/R100
R5,25 + R1,25/R100
R33,00 + R1,40/R100
R3,95 + R1,25/R100
R3,95
R6,95 + R1,25/R100
R9,95 + R1,25/R100
R50,00
R1,00
R3,85
R9,75 + R0,75/R100 (max. R45,00)
R7,50
R33,00
R14,50
R7,50
R11,00 + R1,05/R100 (max. R65,00)
R18,00 + R1,05/R100 (max. R65,00)
No charge
R7,50
No charge
ActiveSave
Account payments and funds transfers
Funds transfers
• Absa ATM(PO)
• Internet, Cellphone, Telephone IVR
• Branch counter
• Telephone Adviser-assisted
CashSend
• Absa ATM(PO)
• Internet, Cellphone
Balance enquiries
Branch counter
Absa ATM(PO)
POS(PO)
Absa-supported ATM
Saswitch ATM / Post Office terminal
Overseas ATM / POS
Internet, Cellphone, Telephone IVR
Telephone Adviser-assisted
Statement fees
Absa ATM ministatement(PO)
Absa CAT terminal full statement(PO)
Full statement: Branch counter(PO)
Mailed statement(4)
eStatement(5)
Transaction history
• Enquiry – Internet, Cellphone, Telephone IVR(6)
• Enquiry – Telephone Adviser-assisted(6)
• Cellphone – SMS | Email | Fax
Archived statements / Tax certificate – Internet
Copies of statements (per statement)
• Less than 4 months old
• 4 months or older
Administration fees
Bank cheque
Stop payments
• Branch, Internet, Telephone Adviser-assisted
Stop order establishment / amendment fee
• Branch, Internet, Telephone Adviser-assisted
Special clearance
Debit Card replacement fee
Other fees
Notification fee (SMS or email)(PO)
Dishonoured / returned payment(7)
Notice of payment (Internet, Cellphone, Telephone)
• SMS | Email | Fax
Internet Banking notifications (includes RVN, TVN, logon alert)
• SMS / Email
Page 51 | Pricing Guide
No charge
No charge
R33,00
R7,00
R7,90 + R1,25/R100
R7,90 + R1,25/R100
R2,45
R1,00
R1,00
R2,95
R3,35
R4,00
No charge
R2,45
R2,50
R5,00
R14,00
R14,00
No charge
No charge
R14,00
R0,75 | R0,75 | R3,00
R5,50 per statement
R14,00
R34,00
R75,00
R30,00
No charge
R75,00
R60,00
R0,50
R60,00
R0,75 | R0,75 | R3,00
No charge
ActiveSave
Other fees
Declined fee (insufficient funds)
• Absa ATM
• Absa-supported ATM
• Saswitch ATM / Post Office / Overseas ATM
•POS
Returned cheque deposit
Notes:
1. Fees shaded indicate that no charge will be levied on this transaction
when the minimum monthly account balance (as required on the
Rebate Banking pricing option) is maintained throughout the month.
2. Monthly administration fee is exempt for clients who maintain more
than R2 000 in their account throughout the month.
3. Effective 1 May 2014, cash withdrawals performed at Global Alliance
partners: R35,00.
4. Mailed monthly statement fees are exempt for clients who maintain
more than R4 500 throughout the month.
5. Clients can register for eStatements by logging on to Internet banking
and clicking on the ‘Portfolio’ menu bar and then on ‘eStatements’,
or via Telephone Banking or by sending their request to
officialemail@absa.co.za
Page 52 | Pricing Guide
R2,50
R3,00
R4,00
R2,00
R75,00
6. An additional fee of R2,00 is applicable if request is emailed
or R6,50 for fax.
7. Increasing to R138,00 per transaction from the 4th occurrence
within 12 months.
Pensioner Offering:
No charge will be levied on these transactions if a minimum monthly
account balance of R5 000 is maintained throughout the month.
(PO) Transactional: Sekulula
Sekulula is a transactional account linked to a Debit Card
which can be used for daily banking. Key benefits associated
with this account include free funeral cover for clients aged
between 18 and 65 years, Personal Health Adviser, Legal
Assist, Discounted Doctors Network and Missing Assist.
Please note that terms and conditions apply.
Sekulula Account
Monthly fees
Monthly administration fee
Monthly subscription fees –
Internet, Cellphone, Telephone Banking
Deposits
Cheque deposit: Branch counter
Cheque deposit: Absa ATM
Cash deposit: Branch counter
Cash deposit: Absa ATM (cash acceptor)
Cardless cash deposit
Cash withdrawals
Branch counter
Absa ATM
Point of sale (POS)
Absa-supported ATM
Saswitch ATM / Post Office terminal
Overseas ATM / POS(1)
Purchases
Prepaid top-up at Absa ATM, POS, Internet,
Cellphone, Telephone IVR
POS – local
POS – overseas
Account payments and funds transfers
Account payments
• Absa ATM, Internet, Cellphone, Telephone IVR
• Branch counter
• Telephone Adviser-assisted
Immediate interbank payment
• Internet, Cellphone, Telephone IVR
• Telephone Adviser-assisted
Debit and stop orders
• Internal debit orders
• External debit orders
• Stop orders
Funds transfers
• Absa ATM, Internet, Cellphone, Telephone IVR
• Branch counter
• Telephone Adviser-assisted
CashSend
• Absa ATM, Internet, Cellphone
Page 53 | Pricing Guide
R14,00
No charge
R14,00
N/A
R6,20 + R1,35/R100
R3,00 + R1,25/R100
R5,25 + R1,25/R100
R33,00 + R1,40/R100
R3,95 + R1,25/R100
R3,95
R6,95 + R1,25/R100
R9,95 + R1,25/R100
R50,00
R1,00
R2,65
R9,75 + R0,75/R100 (max. R45,00)
R7,50
R33,00
R14,50
R11,00 + R1,05/R100 (max. R65,00)
R18,00 + R1,05/R100 (max. R65,00)
No charge
R7,50
No charge
No charge
R33,00
R7,00
R7,90 + R1,25/R100
Sekulula Account
Balance enquiries
Branch counter
Absa ATM
POS
Absa-supported ATM
Saswitch ATM / Post Office terminal
Overseas ATM / POS
Internet, Cellphone, Telephone IVR
Telephone Adviser-assisted
Statement fees
Absa ATM ministatement
Absa CAT terminal full statement
Full statement: Branch counter
Mailed statement
eStatement(2)
Transaction history
• Enquiry – Internet, Cellphone, Telephone IVR(3)
• Enquiry – Telephone Adviser-assisted(3)
• Cellphone – SMS | Email | Fax
Archived statements / Tax certificate – Internet
Copies of statements (per statement)
• Less than 4 months old
• 4 months or older
Administration fees
Bank cheque
Stop payments
• Branch, Internet, Telephone Adviser-assisted
Stop order establishment / amendment fee
• Branch, Internet, Telephone Adviser-assisted
Special clearance
Debit Card replacement fee
Other fees
Notification fee (SMS or email)
Dishonoured / Returned payment
Notice of payment (Internet, Cellphone, Telephone)
• SMS | Email | Fax
Internet Banking notifications (includes RVN, TVN, logon alert)
• SMS / Email
Declined fee (insufficient funds)
• Absa ATM
• Absa-supported ATM
• Saswitch ATM / Post Office / Overseas ATM
•POS
Returned cheque deposit
R2,45
R1,50 (first 2 free pm)
R1,00
R2,95
R3,35
R4,00
No charge
R2,45
R2,50
R5,00
R14,00
R14,00
No charge
No charge
R14,00
R0,75 | R0,75 | R3,00
R5,50 per statement
R14,00
R34,00
R75,00
R30,00
No charge
R75,00
R60,00
R0,50
R5,00
R0,75 | R0,75 | R3,00
No charge
R2,50
R3,00
R4,00
R2,00
R75,00
Notes:
1. Effective 1 May 2014, cash withdrawals performed at Global Alliance partners: R35,00.
2. Clients can register for eStatements by logging on to Internet Banking and clicking on the ‘Portfolio’ menu bar and then on ‘eStatements’,
or via Telephone Banking or by sending their request to officialemail@absa.co.za
3. An additional fee of R2,00 is applicable if request is emailed or R6,50 for fax.
Page 54 | Pricing Guide
Current Accounts
Standard Fee or Pay-as-you-transact
FlexiSelect, Silver, Potentiate and Gold Senior
With the Standard Fee or Pay-as-you-transact pricing option, you only pay for the transactions you use.
FlexiSelect / Silver / Potentiate / Gold Senior
Monthly fees
Monthly account fee
Monthly account fee (FlexiSelect)
Monthly subscription fees –
Internet, Cellphone, Telephone Banking
Deposits
Cheque deposit: Branch counter
Cheque deposit: Absa ATM
Cash deposit: Branch counter
Cash deposit: Absa ATM
Cardless cash deposit
Cash withdrawals
Branch counter
Absa ATM
Point of sale (POS)
Absa-supported ATM
Saswitch ATM
Overseas ATM / POS(1)
Cheque encashment
Purchases
Prepaid top-up at Absa ATM, POS, Internet,
Cellphone, Telephone IVR
POS – local
POS – overseas
Account payments and funds transfers
Account payments
• Absa ATM, Internet, Cellphone, Telephone IVR
• Branch counter
• Telephone Adviser-assisted
Immediate interbank payment
• Internet, Cellphone, Telephone IVR
• Telephone Adviser-assisted
Debit and stop orders
• Internal debit orders
• External debit orders
• Stop orders
Funds transfers
• Absa ATM, Internet, Cellphone, Telephone IVR
• Branch counter
• Telephone Adviser-assisted
CashSend
• Absa ATM, Internet, Cellphone
Cheque issued(2)
Page 55 | Pricing Guide
R33,00
R22,00
No charge
R14,00
No charge
R6,20 + 1,35% of deposit value
R3,00 + R1,25/R100
R5,25 + 1,25% of deposit value
R33,00 + R1,40/R100 (max. R500)
R3,95 + R1,25/R100
R3,95
R6,95 + R1,25/R100
R9,95 + R1,25/R100
R50,00
R33,00 + R1,40/R100 + cheque issued
R1,00
R3,85
R9,75 + R0,75/R100 (max. R45,00)
R7,50
R33,00
R14,50
R11,00 + R1,05/R100 (max. R65,00)
R18,00 + R1,05/R100 (max. R65,00)
No charge
R15,00
No charge
No charge
R33,00
R7,00
R7,90 + R1,25/R100
R33,00
FlexiSelect / Silver / Potentiate / Gold Senior
Balance enquiries
Branch counter
Absa ATM
POS
Absa-supported ATM
Saswitch ATM / Post Office terminal
Overseas ATM / POS
Internet, Cellphone, Telephone IVR
Telephone Adviser-assisted
Statement fees
Absa ATM ministatement
Absa CAT terminal full statement
Full statement: Branch counter
Mailed statement
eStatement(3)
Transaction history
• Enquiry – Internet, Cellphone, Telephone IVR(4)
• Enquiry – Telephone Adviser-assisted(4)
• Cellphone – SMS | Email | Fax
Archived statements / Tax certificate – Internet
Copies of statements (per statement)
• Less than 4 months old
• 4 months or older
Administration fees
Bank cheque / marked cheque
Stop payments
• Branch, Internet, Telephone Adviser-assisted
Stop order establishment / amendment fee
• Branch, Internet, Telephone Adviser-assisted
Special clearance
Debit Card replacement fee
Cheque Card replacement fee / new card fee
Page 56 | Pricing Guide
R2,45
R1,00
R1,00
R2,95
R3,35
R4,00
No charge
R2,45
R2,50
R5,00
R14,00
R14,00
No charge
No charge
R14,00
R0,75 | R0,75 | R3,00
R5,50 per statement
R14,00
R34,00
R75,00
R30,00
No charge
R75,00
R60,00
R70,00
FlexiSelect / Silver / Potentiate / Gold Senior
Other fees
Notification fee (SMS or email)
Overdraft ledger fee (pm)
• For the overdraft provision on your account:
• Overdraft of R250
• Overdraft over R250
• If your account goes into unauthorised overdraft / excess
Dishonoured / returned payment or RD cheque
Notice of payment (Internet, Cellphone, Telephone)
• SMS | Email | Fax
Internet Banking notifications (includes RVN, TVN, logon alert)
• SMS | Email
Declined fee (insufficient funds)
• Absa ATM
• Absa-supported ATM
• Saswitch ATM / Post Office / Overseas ATM
•POS
Returned cheque deposit
R0,50
No charge
R18,00
R57,00
R60,00(5) (FlexiSelect R36,00(6))
R0,75 | R0,75 | R3,00
No charge
R2,50
R3,00
R4,00
R2,00
R75,00
Notes:
1. Effective 1 May 2014, cash withdrawals performed at Global Alliance partners: R35,00.
2. Only applicable to accounts that allow cheques to be issued.
3. Clients can register for eStatements by logging on to Internet Banking and clicking on the ‘Portfolio’ menu bar and then
on ‘eStatements’, or via Telephone Banking or by sending their request to officialemail@absa.co.za.
4. An additional fee of R2,00 is applicable if request is emailed or R6,50 for fax.
5. Increasing to R138,00 per transaction from the 4th occurrence within 12 months.
6. Increasing to R50,00 per transaction from the 4th occurrence within 12 months.
Page 57 | Pricing Guide
Packages
Silver, Gold, Platinum
Current account package pricing options offer you the added
benefit of a Credit Card with no monthly fee, free subscriptions
to NotifyMe and Internet Banking as well as a free lump sum
death benefit. Clients with a Home Loan and Vehicle Finance
qualify for special rebates (terms and conditions apply).
With our current account package pricing options, you
receive a fixed number of transactions free of charge for a
fixed monthly fee. A standard fee per transaction applies for
transactions performed in excess of your transaction bundle.
Transaction type
Silver Package
Gold Package
Platinum Package
Monthly service fee
Number of transactions included
Fee per transaction thereafter
R135,00
25
R10,00
R185,00
35
R10,00
R225,00
Unlimited
N/A
Transactions included:
Any combination of the following transactions done on
any electronic channel (Absa ATM, Internet/Cellphone/
Telephone Banking IVR):
• Absa ATM cash withdrawals
• Absa ATM cash deposits(1)
• Absa ATM balance enquiries and ministatements
• CashSend at an Absa ATM
Transaction type
Monthly subscription fees
(Internet, Cellphone, Telephone)
Transaction fees(2) (Internet, Cellphone)
• Bill and beneficiary payments
• Funds transfers
• Balance enquiries
• Transaction history
Overdraft ledger fee (R18,00)
eStatement(3)
Credit Card monthly fee
Special rebates
Other features
• Lump sum death benefit
• Priority Pass
•
•
•
•
Electronic funds transfers
Electronic account payments
Point-of-sale purchases and cash withdrawals (local)
Debit orders and stop orders
All other transactions not included in the above list will be
charged at Standard Fee as reflected on the Pay-as-youtransact pricing table.
Silver Package
Gold Package
Platinum Package
Included
Included
Included
Unlimited
Unlimited
Unlimited
Unlimited
Included
Included
Included
• R25,00 pm for new
Absa Home Loan(4)
Unlimited
Unlimited
Unlimited
Unlimited
Included
Included
Included
• R25,00 pm for new
Absa Home Loan(4)
Unlimited
Unlimited
Unlimited
Unlimited
Included
Included
Included
• R25,00 pm for new
Absa Home Loan(4)
• R10,00 pm for new
Absa Vehicle Finance
• R10,00 pm for new
Absa Vehicle Finance
• R10,00 pm for new
Absa Vehicle Finance
• R10 000 free lump
sum death benefit
Not applicable
• R15 000 free lump
sum death benefit
Not applicable
• R20 000 free lump
sum death benefit
• First six visits included in
the monthly service fee(5)
All other transactions not included in the above list (e.g. Saswitch transactions) will be charged at Pay-as-you-transact fees, as applied on the Silver account pricing
table on page 55, or on the Gold / Platinum account pricing table on page 11.
Notes:
1. Cardless cash deposits at Cash Accepting ATMs are not included in the
Package Fee. The Standard Fee as reflected in the Pay-as-you-transact
pricing table applies.
2.Standard charges will be levied for immediate interbank payments, notice of
payments or reminders, archived statements, CashSend and tax certificates.
3.Clients can register for eStatements by logging on to Internet Banking
and clicking on the ‘Portfolio’ menu bar and then on ‘eStatements’,
or via Telephone Banking or by sending their request
to officialemail@absa.co.za
If clients opt for mailed statements, these will be charged at R14,00.
Page 58 | Pricing Guide
4.Joint home loans as well as home loans under the Usury Act are excluded.
5.The first six visits per annum via Priority Pass are included in the monthly
service fee. Visits in excess of six will be charged at $33,00 per visit at
the exchange rate on the day of billing. Visit www.prioritypass.com for
information on participating lounges. Please remember to keep a personal
record of your visits so you know when your free visits have been used as
statements will not be provided. A fee of R60,00 will apply to Priority Pass
card replacements. Priority Pass is for international and domestic
lounge access.
Rebate Banking
Silver, Gold, Platinum, FlexiSelect, Gold Senior(1) and Islamic Cheque
With the Rebate Banking option you will not pay banking fees on certain transactions if you maintain a set minimum balance
in your account throughout the month. All other transactions not included under Rebate Banking will be charged at
Pay-as-you-transact fees as per page 45 or 55.
The Rebate pricing options for these products are as follows:
Rebate Banking
Minimum monthly account balance
Maximum rebate amount
R10 000*
R500,00
* If the minimum monthly account balance is not maintained throughout the month,
then the Standard Fee as reflected on the Pay-as-you-transact pricing table will apply.
Exempt charges
Monthly fees
Monthly account fee
Deposits
Cheque deposit: branch counter / Absa ATM
Cash deposit: Absa ATM(2)
Cash withdrawals
Branch counter
Absa ATM
Point of sale (POS)
Account payments
Account payments
• Absa ATM
• Branch counter
Debit orders and stop orders
• Internal debit orders
• External debit orders
• Stop orders
CashSend (Absa ATM)
Purchases
Prepaid top-up: Absa ATM / POS
POS – local
Funds transfers
Branch counter
Absa ATM
Balance enquiries
Absa ATM
Statement fees
Absa ATM ministatement
Other fees
Notification fee (SMS or email)
Cheque encashment
Chequebooks (20, 30, carbon, 40)
All other transactions not included in the above list (e.g. Saswitch transactions) will be charged at the Standard Fees as reflected
in the Pay-as-you-transact pricing table.
Notes:
1. Seniors Rebate Banking, branch counter cash deposits and cheques issued are included in the Rebate Banking transaction basket.
2. Cardless cash deposits at Cash Accepting ATM’s are not included in the Rebate Banking basket. Standard fees as reflected
in the Pay-as-you-transact pricing table applies.
Page 59 | Pricing Guide
Management Fee
Silver, Gold, Platinum, Platinum Professional, Platinum Medical, 24/7, Islamic Cheque,
Prosperity and Potentiate
The Management Fee option allows you to perform a basket of transactions for a fixed monthly fee.
Silver, Gold, Platinum, Platinum Professional, Platinum Medical, 24/7,
Islamic Cheque, Prosperity and Potentiate
Products
Silver, Gold, Platinum, Platinum Professional,
Platinum Medical, Islamic Cheque and Prosperity*
24/7**
Potentiate
Number of transactions included
0 – 30 transactions
>30 transactions
Unlimited transactions
Unlimited
Fee amount
R180,00
R235,00
R235,00*
R165,00
* Charges will be levied for immediate interbank payments, notice of payments, reminders, archived statements,
CashSend and tax certificates.
**For 24/7, no monthly subscription fees apply for NotifyMe or Internet, Cellphone and Telephone Banking.
Most fees for transactions performed on these channels are included in the monthly service fee. Charges will be levied
for immediate interbank payments, notice of payments or reminders, archived statements, CashSend and tax certificates.
Transactions allocated for in Management Fee
Deposits
Cheque deposit: Branch counter / Absa ATM
Cash deposit: Absa ATM(1)
Cash withdrawals
Branch counter
Purchases
Prepaid top-up: Absa ATM / POS
POS – local
Absa ATM
Point of sale (POS)
Branch counter
Absa ATM
Balance enquiries
Absa ATM
Statement fees
Absa ATM ministatement
Other fees
Notification fee (SMS or email)
Cheque encashment
Chequebooks (20, 30, carbon, 40)
Account payments
Account payments
• Absa ATM
• Branch counter
Debit orders and stop orders
• Internal debit orders
• External debit orders
• Stop orders
CashSend (Absa ATM)
Funds transfers
All other transactions not included in the above list (e.g. Saswitch transactions) will be charged (over and above the Management Fee)
at Standard Fees as reflected on page 11 / 45 / 55.
Notes:
1. Cardless cash deposits at a Cash Accepting ATMs are not included in the Management Fee. The Standard Fee as reflected in
the Pay-as-your-transact pricing table applies.
2. Seniors offering, branch counter cash deposits and cheques issued are included in the Management Fee transaction basket.
Page 60 | Pricing Guide
EasyFee
FlexiSelect, Silver, Gold, Platinum, Islamic Cheque and Potentiate
With the EasyFee option, you pay a monthly fee determined by the number of transactions you perform each month.
The EasyFee structure offers clients different pricing options to choose from. Each option comes with a predetermined
number of transactions; thereafter a flat rate will apply per transaction in excess of this allocation. Clients can choose
which tier will best suit their needs.
FlexiSelect
EasyFee option
Option 1
Option 2
Option 3
Monthly fee
R50,00
R70,00
R105,00
Number of transactions included
5
10
15
Fee per transaction thereafter
R6,50
R6,00
R5,50
Monthly fee
R105,00
Number of transactions included
15
Fee per transaction thereafter
R5,50
Monthly fee
R185,00
Number of transactions included
35
Fee per transaction thereafter
R10,00
Monthly fee
R195,00
Number of transactions included
Unlimited
Fee per transaction thereafter
N/A
Monthly fee
R135,00
R185,00
R225,00
Number of transactions included
25
35
Unlimited
Fee per transaction thereafter
R10,00
R10,00
N/A
Monthly fee
R75,00
R165,00
R170,00
Number of transactions included
10
Unlimited
Unlimited
Fee per transaction thereafter
R10,00
N/A
N/A
Silver
EasyFee option
Option 1
Gold
EasyFee option
Option 1
Platinum(1)
EasyFee option
Option 1*
Islamic Cheque*
EasyFee option
Option 1
Option 2
Option 3
Potentiate
EasyFee option
Option 1
Option 2*
Option 3*#
#
Includes Titanium Credit Card
Note:
*No monthly subscription fees for NotifyMe or Internet, Cellphone and Telephone Banking. Most fees for transactions performed on these channels are included
in the monthly service fee. Charges will be levied for immediate interbank payments, notice of payments or reminders, Archived statements and tax certificates.
Transactions allocated for in EasyFee
The monthly fee includes any combination of the following daily transactions:
• Absa ATM cash withdrawals
• Absa ATM cash deposits(2)(3)
• Absa ATM balance enquiries and ministatements(2)
• Absa ATM electronic funds transfers
• Absa ATM account payments
• Absa ATM CashSend
• Point-of-sale purchases and cash withdrawals (local)
• Debit orders and stop orders
All other transactions not included in the above list (e.g. Saswitch
transactions, branch counter transactions) will be charged (over and above
the EasyFee) at the Standard Fees as reflected on the Pay-as-you-transact
pricing table as reflected on page 11 / 45 / 55.
1. For Platinum Classic, no monthly subscription fees for NotifyMe or Internet,
Cellphone and Telephone Banking. Most fees for transactions performed
on these channels are included in the monthly service fee. Charges will be
levied for immediate interbank payments, notice of payments or reminders,
archived statements and tax certificates.
2.Excluded on FlexiSelect.
3.Cardless cash deposits at a Cash Accepting ATMs are not included
in the EasyFee. The Standard Fee as reflected in the Pay-as-you-transact
pricing table applies.
Page 61 | Pricing Guide
Bundles
Silver Value Bundle
With the Silver Value Bundle pricing option we offer you a selection of transactions free of charge for a low monthly fee.
When you’ve used all the free transactions in your bundle, you will only pay Pay-as-you-transact fees per transaction, as per
pricing table on page 55. Unused transactions as allocated in your Value Bundle will roll over for one month if not used.
You can get up to 50% discount on your monthly fee if you maintain a set positive balance in your account.
Furthermore, if your spouse chooses to take up a Value Bundle he/she qualifies for a 50% discount on his/her monthly fee.
Silver Value Bundle
Monthly service fees
Discounted monthly service fee:
• For maintaining a balance of:
• more than R10 000 = 10% discount; or
• more than R20 000 = 20% discount; or
• more than R30 000 = 50% discount
Monthly subscription fees – Internet, Cellphone, Telephone Banking
Absa ATM cash deposits
• Cash deposit Absa ATM
• Cash deposit cash acceptor
Absa ATM cash withdrawals
• Cash withdrawals Absa ATM
Debit Card purchases and withdrawals
• Debit and Cheque Card purchases
• Point-of-sale cash withdrawals
Electronic account and beneficiary payments
• Account payments via Absa ATM, Internet, Cellphone, Telephone IVR
• External debit orders
• External stop orders
Funds transfers and internal payments
• Funds transfers via Absa ATM, Internet,Cellphone, Telephone IVR
• Internal debit orders
• Internal stop orders
Electronic information enquiries
• Statement – Absa ATM, Internet and Telephone IVR
• Balance enquiries – Absa ATM, POS, Internet, Cellphone and Telephone IVR
Notification fee (SMS or email)
eStatement(1)
Roll-over of unutilised transactions(2)
Cash back for your Credit Card
Cash back for your Home Loan(3)
Cash back for your Personal Loan
Spouse discount
Lump sum death benefit
R89,00
R80,10
R71,20
R44,50
No charge
5
5
Unlimited
Unlimited
Unlimited
Unlimited
No charge
No charge
1 month
R15,00
R10,00
R5,00
50%
R10 000
All other transactions not included in the above list or where transactions are done in excess on specific limits, will be charged
at Pay-as-you-transact fees as applied on the Gold/Platinum Accounts as per pricing table on page 55.
Notes:
1. Clients can register for eStatements by logging on to Internet Banking
and clicking on the ‘Portfolio’ menu bar and then on ‘eStatements’,
or via Telephone Banking or by sending their request to
officialemail@absa.co.za
2. Unutilised transactions for the current month will be added to the next
month’s transaction limits (i.e. client who only uses 2 ATM withdrawals
will have 8 ATM transactions in the subsequent month).
3.Joint home loans and home loans under the Usury Act are excluded.
Page 62 | Pricing Guide
4.The following Internet, Cellphone and Telephone Banking transactions
will generate a separate fee (in addition to the monthly service fee)
on Value Bundles:
• Archived statements
• Immediate interbank payments
• Notice of payments (fax, email and SMS)
•CashSend
• Tax certificates
• Stop payments of cheques or debit orders
Potentiate Bundle
Potentiate, which means to intensify, is a lifestyle proposition that combines streamlined transactional banking,
some world firsts in card and payment technology and exclusive MasterCard Titanium lifestyle and loyalty benefits.
Potentiate Bundle
Monthly fees
Monthly service fees
Discounted monthly service fee:
• For maintaining a balance of:
• more than R10 000 = 10% discount; or
• more than R20 000 = 20% discount; or
• more than R30 000 = 50% discount
Monthly subscription fees – Internet, Cellphone, Telephone Banking
Transactions included
Absa ATM cash deposits
• Cash deposit Absa ATM
• Cash deposit cash acceptor
• Cardless cash deposit at cash acceptor
Absa ATM cash withdrawals
• Cash withdrawals Absa ATM
Debit Card purchases and withdrawals
• Debit and Cheque Card purchases
• Point-of-sale cash withdrawals
Electronic account and beneficiary payments
• Account payments via Absa ATM, Internet, Cellphone, Telephone IVR
• External debit orders
• External stop orders
Funds transfers and internal payments
• Funds transfers via Absa ATM, Internet, Cellphone, Telephone IVR
• Internal debit orders
• Internal stop orders
Electronic information enquiries
• Statement – Absa ATM, Internet and Telephone IVR
• Balance enquiries – Absa ATM, POS, Internet, Cellphone and Telephone IVR
Notification fee (SMS or email)
eStatement(1)
Roll-over of unutilised transactions(2)
Cross-product benefits
• Cash back for your Credit Card (Titanium)(3)
• Cash back for your Home Loan(4)
• Cash back for your Vehicle Finance
Additional features
• Spouse discount
• Accidental death and salary protector benefit (once-off)
All other transactions not included in the above list will be charged at
the Standard Fee as on the current account – see Pay-as-you-transact
pricing table on page 55.
R139,00
R125,10
R111,20
R69,50
No charge
5
5
Unlimited
Unlimited
Unlimited
Unlimited
No charge
No charge
1 month
R35,00
R10,00
R5,00
50%
Maximum of R10 000
4.Joint home loans and home loans under the Usury Act are excluded.
2.Unutilised transactions for the current month will be added to the next
month’s transaction limits (i.e. client who only uses 2 ATM withdrawals
will have 8 ATM transactions in the subsequent month).
5.The following Internet, Cellphone and Telephone Banking transactions
will generate a separate fee (in addition to the monthly service fee)
on Value Bundles:
• Archived statements
• Immediate interbank payments
• Notice of payments (fax, email and SMS)
•CashSend
• Tax certificates
• Stop payments of cheques or debit orders
3.The monthly fee for the Titanium Credit Card is R35,00.
6.Prepaid top-ups will attract a standard fee of R1,00 per transaction.
1. Clients can register for eStatements by logging on to Internet Banking
and clicking on the ‘Portfolio’ menu bar and then on ‘eStatements’,
or via Telephone Banking or by sending their request to
officialemail@absa.co.za
Page 63 | Pricing Guide
Family Banking
Shared Account
The Shared Account is a separate account that provides
existing Absa accountholders with an additional account
that the members can use to effectively manage payments.
The main member and up to 4 (four) additional members can
be linked to the Shared Account within which funds are
deposited. It provides the individuals with the ability to
manage shared expenses like paying for a child’s school fees,
managing payments for rent or to simply manage debit order
payments at no additional cost.
Shared Account
Monthly fees
Monthly service fees
Transactions included
Absa ATM cash deposits
• Cash deposit Absa ATM
• Cash deposit cash acceptor
• Cardless cash deposit at cash acceptor
Absa ATM cash withdrawals
• Cash withdrawals Absa ATM
Debit Card purchases and withdrawals
• Debit and Cheque Card purchases
• Point-of-sale cash withdrawals
Electronic account and beneficiary payments
• Account payments via Absa ATM, Internet, Cellphone, Telephone IVR
• External debit orders
• External stop orders
Funds transfers and internal payments
• Funds transfers via Absa ATM, Internet, Cellphone, Telephone IVR
• Internal debit orders
• Internal stop orders
Electronic information enquiries
• Statement – Absa ATM, Internet and Telephone IVR
• Balance enquiries – Absa ATM, POS, Internet, Cellphone and Telephone IVR
Notification fee (SMS or email)
eStatement(1)
Roll-over of unutilised transactions(2)
No charge
3
3
Unlimited
Unlimited
Unlimited
Unlimited
No charge
No charge
1 month
All other transactions not included in the above list or transactions done in excess of specific limits, will be charged at Pay-as-you-transact
fees as applied on the current account as per pricing table on page 45.
Notes:
1. Clients can register for eStatements by logging on to Internet Banking
and clicking on the ‘Portfolio’ menu bar and then on ‘eStatements’,
or via Telephone Banking or by sending their request to officialemail@
absa.co.za
2. Unutilised transactions for the current month will be added to the next
month’s transaction limits (i.e. a Shared Account client who only uses 2
ATM withdrawals will have 4 ATM transactions in the subsequent month)
Page 64 | Pricing Guide
Note:
The following Internet, Cellphone and Telephone Banking transactions
will generate a separate fee (in addition to the monthly service fee):
• Archived statements
• Immediate interbank payments
• Notice of payments (fax, email and SMS)
•CashSend
• Tax certificates
• Stop payments of cheques and debit orders
Savings and Investments
Investment Advantage
Investment Advantage is ideal for the serious investor who is looking for risk-free, attractive returns
on deposits greater than R20 000. A key benefit of this product is that you have immediate access to your funds.
Investment Advantage
Monthly fees
Monthly administration fee
Commission
All credits into account except for counter cash deposits
Deposits
Cheque deposit: Branch counter
Cheque deposit: Absa ATM
Cash deposit: Branch counter
Cash deposit: Absa ATM
Cardless cash deposit
Cash withdrawals
Branch counter
Absa ATM
Absa-supported ATM
Saswitch ATM
Overseas ATM(1)
Account payments and funds transfers
Account payments
• Absa ATM
• Branch counter
Funds transfers
• Absa ATM
• Branch counter
Balance enquiries
Branch counter
Absa ATM
Absa-supported ATM
Saswitch ATM
Statement fees
Branch counter full statement
Absa ATM ministatement
Absa CAT terminal full statement
Mailed statement
eStatement (2)
Administration fees
Bank cheque
Stop payment instruction
Special clearance
Debit Card replacement fee
Page 65 | Pricing Guide
No charge
0,40%
Commission applicable
Commission applicable
R6,20 + R1,35/R100
Commission applicable
Commission applicable
No charge
No charge
R6,95 + R1,25/R100
R9,95 + R1,25/R100
R50,00
No charge
No charge
No charge
No charge
No charge
No charge
R2,95
R3,35
No charge
No charge
No charge
No charge
No charge
No charge
R30,00
No charge
R60,00
Investment Advantage
Other fees
Notification fee (SMS or email)
Dishonoured / returned payment
Declined fee (insufficient funds)
• Absa ATM
• Absa-supported ATM
• Saswitch ATM
•POS
Returned cheque deposit
No charge
N/A
No charge
No charge
No charge
No charge
R75,00
Notes:
1. Effective 1 May 2014, cash withdrawals performed at Global Alliance partners: R35,00.
2. Clients can register for eStatements by logging on to Internet Banking and clicking on the ‘Portfolio’ menu bar and then on ‘eStatements’,
or via Telephone Banking or by sending their request to officialemail@absa.co.za
Page 66 | Pricing Guide
MoneyBuilder
Start saving from as little as R20,00 by opening a MoneyBuilder Savings Account. This product offers you immediate
access to your savings and pays you a higher rate of interest the more money your keep in your account. A key benefit
of MoneyBuilder is that there is no monthly fee, so your hard-earned savings are safe.
MoneyBuilder
Monthly fees
Monthly administration fee
Deposits
Cheque deposit: Branch counter
Cheque deposit: Absa ATM
Cash deposit: Branch counter
Cash deposit: Absa ATM
Cardless cash deposit
Cash withdrawals
Branch counter(1)
Absa ATM(1)
Absa-supported ATM
Saswitch ATM
Overseas ATM(2)
Account payments and funds transfers
Account payments
• Absa ATM
• Branch counter
Debit and stop orders
• Internal debit orders
• External debit orders
• Stop orders
Funds transfers
• Absa ATM(1)
• Branch counter(1)
Balance enquiries
Branch counter(1)
Absa ATM(1)
Absa-supported ATM
Saswitch ATM
Statement fees
Branch counter full statement(1)
Absa ATM ministatement(1)
Absa CAT terminal full statement(1)
Mailed statement
eStatement(3)
Page 67 | Pricing Guide
No charge
R14,00
No charge
R6,20 + R1,35/R100
R3,00 + R1,25/R100
(first 2 ATM cash deposits free pm)
R5,25 + R1,25/R100
R33,00 + R1,40/R100
(max. R500)
R6,95 + R1,25/R100
(first 2 free pa)
R9,95 + R1,25/R100
R12,95 + R1,25/R100
R50,00
N/A
N/A
N/A
N/A
N/A
No charge
R33,00
R2,45
R1,00 (first 2 free pm)
R2,95
R3,35
R14,00
R2,50 (first 2 free pm)
R5,00
R14,00
No charge
MoneyBuilder
Administration fees
Bank cheque(1)
Stop payment instruction
Special clearance
Debit Card replacement fee
Other fees
Notification fee (SMS or email)
Dishonoured / returned payment(4)
Declined fee (insufficient funds)
• Absa ATM
• Absa-supported ATM
• Saswitch ATM
•POS
Returned cheque deposit
R75,00
R30,00
N/A
N/A
R0,50
N/A
R2,50
R3,00
R4,00
N/A
R75,00
Notes:
1. For MoneyBuilder only: Provided a minimum balance of R100 000 is maintained in the account at all times, the transactions indicated will be exempt
from standard charges.
2. Effective 1 May 2014, cash withdrawals performed at Global Alliance partners: R35,00.
3. Clients can register for eStatements by logging on to Internet Banking and clicking on the ‘Portfolio’ menu bar and then on ‘eStatements’, or via
Telephone Banking or by sending their request to officialemail@absa.co.za
4. Increasing to R50,00 per transaction from the 4th occurrence within 12 months.
Page 68 | Pricing Guide
Credit Cards
When used wisely, your Credit Card is actually cheaper to use
than a Debit Card, as most of your purchase transactions are
free. It’s also smarter to use your Credit Card instead of using
cash – and here’s why:
• You get up to 57 interest-free days on purchases, excluding
cash withdrawals, casino transactions, Internet Banking
transfers, fuel purchases and budget plan purchases.
This applies if all outstanding balances on the Credit Card
account were fully paid by the due dates. Cash and Garage
Card transactions are not included in the interest-free
period, as interest is charged from the date of transaction.
Terms and conditions apply.
• Avoid paying cash deposit fees when you transfer
payments to your Credit Card using electronic channels
(Internet, Cellphone or ATM).
Tip: Use your Credit Card for fuel purchases, as no transaction fees are charged on fuel purchases done on a Credit Card.
Card type
Electronic(1)
Silver(1)
Credit Card
Affinity Card
Garage Card
Secondary Card
R21,00 pm
N/A
N/A
No charge
R19,00 pm
R19,00 pm
R16,00 pm
No charge
Credit Cards
Monthly fees
Monthly subscription fees – Internet, Cellphone, Telephone Banking
Purchases
Credit Card purchases
Garage Card purchases
Deposits
Cheque deposit: Branch counter
Cheque deposit: Absa ATM
Cash deposit: Branch counter
Cash deposit: Absa ATM
Cash withdrawals
Branch counter (any local bank)
Absa ATM
Absa-supported ATM
Saswitch ATM
Overseas ATM(2)
Account payments and funds transfers
Account payments
• Absa ATM
• Branch counter
Funds transfers
• Absa ATM
• Branch counter
Balance enquiries
Absa ATM
Absa-supported ATM / Post Office terminal
Saswitch ATM
Statement fees and notifications
Absa ATM ministatement
SMS / Email notifications
Page 69 | Pricing Guide
No charge
No charge
R4,00
R14,00
No charge
R6,20 + R1,35/R100
R3,00 + R1,25/R100
R33,00 + R1,40/R100 (max. R500)
R3,95 + R1,25/R100
R6,95 + R1,25/R100
R9,95 + R1,25/R100
R50,00
R7,50
R33,00
No charge
R33,00
R1,00
R2,95
R3,35
R2,50
R0,50
Credit Cards
Other fees
Replacement / lost card administration fee(3)
Unpaid debit order / cheque fee
Invalid disputes fee – domestic transactions
Invalid disputes fee – international transactions
Duplicate statement fee
Face-to-face delivery
Same-day delivery
Bank cheque
Initiation fee
Load fee: Low-value payments (LVP)
•POS
• Branch, Internet, ATM, Cellphone or Telephone
R110,00
R95,00
R42,00
R113,00
R5,00 per request. R1,00 per page (max. R50,00).
R99,00
R314,00
R75,00
R135,00
3,5% of deposit value (minimum charge of R1,50)
2,5% of deposit value (minimum charge of R1,50)
Notes:
1. The electronic and Silver Credit Card products are no longer available to new customers.
2.A currency conversion fee of 2,75% (of the rand value of the transaction) applies to any transaction outside South Africa.
3.We may charge a replacement card fee or lost card administration fee at our own discretion.
Page 70 | Pricing Guide
Frequently asked questions
For any other questions, please call 08600 08600, visit your nearest Absa branch or go to absa.co.za
Where can I enquire about the pricing applicable
to my account?
You must have either a Visa or a MasterCard Debit Card.
You would use this to make Debit Card purchases.
You can view the pricing applicable to your account in this
pricing guide or on the Absa website (absa.co.za). You can also
contact the Absa Price Line on 08600 08600 where we will
explain specific fees and the various pricing options available
to you.
Banking conducted via the telephone, cellphone, an ATM
or the internet. Clients require the use of a PIN to access
their accounts using these channels.
What is a debit order?
What is a PIN?
An authorisation (mandate) that a client gives to a third party
that allows the third party to automatically collect money from
his/her bank account. Remember that clients can also use bill
or beneficiary payments to pay their bills. Clients who choose
to use debit orders should make sure that there is enough
money in their account to cover the debit order.
A unique Personal Identification Number (PIN) that allows
clients to access their accounts via the telephone, cellphone,
an ATM or the internet.
What is an internal or external debit order / stop order?
Debit orders / stop orders can either be ‘internal’ or ‘external’.
An ‘internal’ debit order or stop order refers to an amount paid
from one Absa account to another specific Absa account, e.g.
payments for Absa Home Loans, Vehicle and Asset Finance,
Credit Cards or Absa insurance. An ‘external’ debit order or
stop order refers to an amount that is automatically deducted
from an Absa account and paid over to another non-specific
Absa account.
What is the difference between funds transfers
and bill payments?
An electronic funds transfer enables you to transfer money
between accounts linked to your portfolio. For example,
this transaction enables you to transfer money between your
current account and savings account. A bill or beneficiary
payment is a transaction used to pay a utility bill or beneficiary
whose account is not linked to your portfolio of accounts
(i.e. you would pay school fees, an electricity bill or rent using
a bill or beneficiary payment transaction).
What is a Debit Card?
A card that enables a client to pay money directly from his/her
account when paying for goods or services at retailers who
display the MasterCard / Visa signs.
What is MasterCard / Visa Point of Sale?
MasterCard / Visa are the electronic payment networks
that allow clients to use their ATM card as a Debit Card at
participating retailers who display the MasterCard / Visa signs.
Page 71 | Pricing Guide
What is electronic banking?
What is an Absa-supported ATM?
These ATMs are supported by Absa and are dual-branded,
ie. Absa / Cash Express. Withdrawals made from these ATMs
attract higher charges, but lower than Saswitch machines.
How can I avoid rejected debit order fees?
Always ensure that you have sufficient money in your account
to fund your debit order or stop order payments. Subscribe
to Absa’s NotifyMe service to keep informed of all scheduled
transactions that are performed on your account. Arrange for
your payments to be paid as close to the date of your salary /
wage deposit to your account. Allow a day or two delay just in
case your salary / wage deposit is late. Remember, you have
the right to choose the date of the debit order that suits you.
If you find a debit order deduction is incorrect, you must
immediately inform Absa and the company / retailer involved,
in writing, that you are querying the transaction. This must
be done in writing within 40 days of the error. To stop a debit
order you must notify the company involved and Absa in
writing. It is your responsibility to ensure that the company
concerned does not deduct the next debit order amount. It is
also recommended that you place a stop payment on the debit
order with Absa.
Why should I opt for eStatements?
No charges are applicable for eStatements. Convert
to eStatements and save on fees. You can register for
eStatements by logging on to Internet Banking and clicking
on the ‘Portfolio’ menu bar and then on ‘eStatements’, or via
Telephone Banking or by sending your request to
officialemail@absa.co.za