Академический Документы
Профессиональный Документы
Культура Документы
Every day.
Retail Banking
Products on sale
Pricing Guide 2020
1
Contents
Basic banking 4
• Transact
Daily banking 6
• Flexi Account
Full-value banking 10
• Out of Bundle Fees – Gold Value Bundle, Premium Banking, Student Silver, Prosperity,
Gold Graduate and Islamic Value Bundle
Youth banking 15
• MegaU
Student banking 17
• Student Silver
• Gold Graduate
Seniors banking 18
• Prosperity
Islamic banking 20
• Islamic Youth
• Islamic Savings
• TruSave, Depositor Plus, Cash Invest Tracker, Club Account, Travel Club,
Investment Club and Grocery Stokvel
• Tax-free Savings
• Call Account
• Investor Plus, Notice Select, Future Plan, TargetSave and Islamic TargetSave
2
Contents
Credit cards 35
Home loans 38
International banking 39
Other offerings 42
• Safe custody
3
Basic banking
Transact*
Monthly fees
Monthly administration fee R4,90
Monthly subscription fees – Online, Mobile, Telephone Banking No charge
Deposits
Cheque deposit: Branch counter R60,00
Cash deposit: Branch counter R60,00 + R2,00/R100
Cash deposit: Absa ATM R2,00 per R100
Cardless cash deposit: Cash acceptor R2,00 per R100
Cash withdrawals
Branch counter R75,00 + R2,10/R100
Absa ATM R6,00 per R1000
Point of sale (POS) R1,00
Absa-supported ATM R6,00 per R1000
Saswitch ATM/Post Office terminal R11,50 + R2,00/R100
Overseas ATM/POS R75,00
Purchases
Prepaid Top Up for Airtime and Electricity
• Absa ATM, POS, Online, Mobile, Telephone (IVR) R1,50
• Absa-supported ATM R6,00
• Saswitch ATM R11,50
POS – local/overseas(1) No charge
Lotto purchase via an Absa channel R2,50
Account payments and funds transfers
Account payments
• Branch counter R75,00
• Absa ATM R3,50
• Online/Mobile R1,00
• Telephone (IVR) R10,00
• Telephone adviser-assisted R17,00
Immediate interbank payments
• Online, Mobile, Telephone (IVR) R65,00
• Telephone adviser-assisted R72,00
Account verification
• Online R6,50
• Branch R25,00
Debit and stop orders
• Internal debit orders No charge
• External debit orders R3,50
• Stop orders No charge
Funds transfers
• Absa ATM, Online, Mobile, Telephone (IVR) No charge
• Branch counter R75,00
• Telephone adviser-assisted R7,00
CashSend®
• Absa ATM, Mobile, Online R6,00 per R1000
4
Basic banking
Transact*
Balance enquiries
Branch counter No charge
Absa ATM/Absa-supported ATM/POS No charge
Saswitch ATM/Post Office terminal/Overseas ATM R8,00
Online, Mobile, Telephone (IVR) No charge
Telephone adviser-assisted R7,00
Statement fees
Absa ATM ministatement R8,00
Absa CAT terminal full statement R16,00
Branch counter full statement R32,00
Mailed statement R32,00
eStatement (2)
No charge
Stamped statements
• Online R8,00
• Absa ATM R16,00
Transaction history
• Enquiry – Online, Mobile, Telephone (IVR)(3) No charge
• Enquiry – Telephone adviser-assisted(3) R32,00
Archived statements/Tax certificate – Online R8,00 per statement
Copies of statements (per statement)
• Less than 4 months old R32,00
• 4 months or older R75,00
Administration fees
Bank cheque R200,00
Stop payments
• Branch, telephone adviser-assisted R75,00
• Online R32,00
Stop order establishment/amendment fee
• Branch, online, telephone adviser-assisted No charge
Special clearance R200,00
Debit card replacement fee R140,00
Debit card – Face-to-face delivery No charge
Other fees
Notification fee (SMS or email) R0,60
Dishonoured/Returned payment R8,50
Notice of payment or reminders (Online, Mobile, Telephone)
• SMS | Email | Fax R1,25 | R1,25 | R12,00
Absa Online notifications (includes RVN, TVN, logon alert)
• SMS | Email No charge
Declined fee (insufficient funds)
• Absa ATM No charge
• Saswitch/POS/Absa-supported ATM/Overseas ATM/Post Office R8,50
Returned cheque deposit R200,00
Debit orders disputed
• Online before 40 days lapsed No charge
• In-branch before 40 days lapsed R30,00
• In-branch after 40 days lapsed R145,00
* Customers’ accounts that incur credits in access of R5 000 for three consecutive months, will be converted to a Flexi Account.
Notes:
1. An additional currency conversion fee of 2,75% (of the rand value of the transaction) applies to any transaction outside South Africa.
2. Customers can register for eStatements by logging onto Absa Online and clicking on the ‘Profile’ menu bar and then on
‘Manage eStatements’.
3. An additional fee of R2,00 is applicable if request is emailed or R12,00 for fax.
5
Daily banking
Flexi Account
Flexi Account
Pricing options
Seniors Rebate Banking minimum balance(1) R5 000
Monthly fees
Monthly administration fee R29,00
Monthly subscription fees – Online, Mobile, Telephone Banking No charge
Deposits
Cheque deposit: Branch counter R60,00
Cash deposit: Branch counter R60,00 + R2,00/R100
Cash deposit: Absa ATM R2,00 per R100
Cardless cash deposit: Cash acceptor R2,00 per R100
Cash withdrawals
Branch counter R75,00 + R2,10/R100
Absa ATM R2,00 per R100
Point of sale (POS) R2,00
Absa-supported ATM R6,00 + R2,00/R100
Saswitch ATM/Post Office terminal R11,50 + R2,00/R100
Overseas ATM/POS (2)
R75,00
Purchases
Prepaid Top Up for Airtime and Electricity
• Absa ATM, POS, Online, Mobile, Telephone (IVR) R1,50
• Absa-supported ATM R6,00
• Saswitch ATM R11,50
POS – local R4,00
POS – overseas (2)
R4,00
Lotto purchase via an Absa channel R2,50
Account payments and funds transfers
Account payments
• Absa ATM R10,00
• Online, Mobile, Telephone (IVR) R10,00
• Branch counter R75,00
• Telephone adviser-assisted R17,00
Immediate interbank payments
• Online, Mobile, Telephone (IVR) R65,00
• Telephone adviser-assisted R72,00
Account verification
• Online R6,50
• Branch R25,00
Debit and stop orders
• Internal debit orders No charge
• External debit orders R10,00
• Stop orders No charge
Funds transfers
• Absa ATM No charge
• Online, Mobile, Telephone (IVR) No charge
• Branch counter R75,00
• Telephone adviser-assisted R7,00
CashSend®
• Absa ATM R2,00 per R100
• Online, Mobile R2,00 per R100
6
Daily banking
Flexi Account
Flexi Account
Balance enquiries
Branch counter No charge
Absa ATM No charge
POS No charge
Absa-supported ATM No charge
Saswitch ATM/Post Office terminal/Overseas ATM/POS R8,00
Online, Mobile, Telephone (IVR) No charge
Telephone adviser-assisted R7,00
Statement fees
Absa ATM ministatement R8,00
Absa CAT terminal full statement R16,00
Full statement: Branch counter R32,00
Mailed statement R32,00
eStatement(3) No charge
Stamped statements
• Online R8,00
• Absa ATM R16,00
Transaction history
• Enquiry – Online, Mobile, Telephone (IVR)(4) No charge
• Enquiry – Telephone adviser-assisted(4) R32,00
Archived statements/Tax certificate – Online R8,00 per statement
Copies of statements (per statement)
• Less than 4 months old R32,00
• 4 months or older R75,00
Administration fees
Bank cheque R200,00
Stop payments
• Branch, telephone adviser-assisted R75,00
• Online R32,00
Stop order establishment/amendment fee
• Branch, online, telephone adviser-assisted No charge
Special clearance R200,00
Debit card replacement fee R140,00
Debit card – Face-to-face delivery No charge
7
Daily banking
Flexi Account
Flexi Account
Other fees
Notification fee (SMS or email) R0,60
Dishonoured/Returned payment R8,50
Notice of payment or reminders (Online, Mobile, Telephone)
• SMS | Email | Fax R1,25 | R1,25 | R12,00
Absa Online notifications (includes RVN, TVN, logon alert)
• SMS | Email No charge
Declined fee (insufficient funds)(5) R8,50
Returned cheque deposit R200,00
Debit orders disputed
• Online before 40 days lapsed No charge
• In-branch before 40 days lapsed R30,00
• In-branch after 40 days lapsed R145,00
Notes:
1. Fees shaded indicate that no charge will be levied on this transaction when the minimum monthly account balance of R5 000 is
maintained throughout the month. This option is only available to our senior customers (aged 55 or over).
2. An additional currency conversion fee of 2,75% (of the rand value of the transaction) applies to any transaction outside South Africa.
3. Customers can register for eStatements by logging onto Absa Online and clicking on the ‘Profile’ menu bar and then on
‘Manage eStatements’.
4. An additional fee of R2,00 is applicable if request is emailed or R12,00 for fax.
5. Includes the following: Absa ATM, Absa-supported ATM, Saswitch ATM, Post Office, Overseas ATM and POS.
8
Full-value banking
Out of Bundle fees – Gold Value Bundle, Premium Banking, Student Silver, Prosperity, Gold Graduate and
Islamic Cheque Account.
Pay-as-you-transact
Monthly fees
Prosperity monthly account fee R50,00
Monthly subscription fees – Online, Mobile, Telephone Banking No charge
Deposits
Cheque deposit: Branch counter R60,00
Cash deposit: Branch counter R60,00 + R2,00/R100
Cash deposit: Absa ATM R2,00 per R100
Cardless cash deposit: Cash acceptor R2,00 per R100
Cash withdrawals
Branch counter R75,00 + R2,10/R100
Absa ATM R2,00 per R100
Point of sale (POS) R2,00
Absa-supported ATM R6,00 + R2,00/R100
Saswitch ATM R11,50 + R2,00/R100
Overseas ATM/POS (1)
R75,00
Cheque encashment R75,00 + R2,10/R100 plus cheque issued fee
Purchases
Prepaid Top Up for Airtime and Electricity
• Absa ATM, POS, Online, Mobile, Telephone (IVR) R1,50
• Absa-supported ATM R6,00
• Saswitch ATM R11,50
POS – local/overseas(1) R4,00
Lotto purchase via an Absa channel (not applicable to
R2,50
Islamic customers)
Account payments and funds transfers
Account payments
• Absa ATM, Online, Mobile, Telephone (IVR) R10,00
• Branch counter R75,00
• Telephone adviser-assisted R17,00
Immediate interbank payments
• Online, Mobile, Telephone (IVR) R65,00
• Telephone adviser-assisted R72,00
Account verification
• Online R6,50
• Branch R25,00
Debit and stop orders
• Internal debit orders No charge
• External debit orders R19,00
• Stop orders No charge
Funds transfers
• Absa ATM, Online, Mobile, Telephone (IVR) No charge
• Branch counter R75,00
• Telephone adviser-assisted R7,00
CashSend®
• Absa ATM, Online, Mobile R2,00 per R100
Cheque issued (2)
R200,00
9
Full-value banking
Pay-as-you-transact
Balance enquiries
Branch counter No charge
Absa ATM No charge
POS No charge
Absa-supported ATM No charge
Saswitch ATM/Overseas ATM/POS R8,00
Online, Mobile, Telephone (IVR) No charge
Telephone adviser-assisted R7,00
Statement fees
Absa ATM ministatement R8,00
Absa CAT terminal full statement R16,00
Full statement: Branch counter R32,00
Mailed statement(3) R32,00
eStatement(4) No charge
Stamped statements
• Online R8,00
• Absa ATM R16,00
Transaction history
• Enquiry – Online, Mobile, Telephone (IVR)(5) No charge
• Enquiry – Telephone adviser-assisted(5) R32,00
Archived statements/Tax certificate – Online R8,00 per statement
Copies of statements (per statement)
• Less than 4 months old R32,00
• 4 months or older R75,00
Administration fees
Bank cheque/marked cheque R200,00
Stop payments
• Branch, Telephone adviser-assisted R75,00
• Online R32,00
Stop order establishment/amendment fee
• Branch, online, telephone adviser-assisted No charge
Special clearance R200,00
Debit card replacement fee R140,00
Debit card – Face-to-face delivery No charge
10
Full-value banking
Pay-as-you-transact
Other fees
Notification fee (SMS or email) R0,60
Overdraft ledger fee (pm)(6) (not applicable to Islamic customers) R69,00
Unauthorised debit balance fee(7) R100,00
Honouring fee(8) R50,00
Dishonoured/Returned payment(9) R50,00
Notice of payment or reminders (Online, Mobile, Telephone)
• SMS | Email | Fax R1,25 | R1,25 | R12,00
Absa Online notifications (includes RVN, TVN, logon alert)
• SMS | Email No charge
Declined fee (insufficient funds)(10) R8,50
Returned cheque deposit R200,00
Debit orders disputed
• Online before 40 days lapsed No charge
• In-branch before 40 days lapsed R30,00
• In-branch after 40 days lapsed R145,00
Notes:
1. An additional currency conversion fee of 2,75% (of the rand value of the transaction) applies to any transaction outside South Africa.
2. Only applicable to accounts that allow cheques to be issued.
3. No charges are applicable for Student Silver monthly mailed statement.
4. Customers can register for eStatements by logging onto Absa Online and clicking on the ‘Profile’ menu bar and then on
‘Manage eStatements’.
5. An additional fee of R2,00 is applicable if request is emailed or R12,00 for fax.
6. Overdraft ledger fees and unauthorised debit balance fees will not be charged on Student Silver and Gold Graduate.
7. An unauthorised debit balance fee is applicable when an account without an approved limit goes into a debit position.
8. A honouring fee will be charged for each transaction paid against uncleared funds or when we allow payments in excess of the available
funds in the account.
9. Increasing to R150,00 per transaction from the 4th occurrence within 12 months. Cheques that are unpaid will be levied a flat fee of
R200,00 from the first occurrence.
10. Includes the following: Absa ATM, Absa-supported ATM, Saswitch ATM, Post Office, Overseas ATM and POS.
11
Full-value banking
Gold Value Bundle/Premium Banking
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 pay Out of Bundle fees as per the pricing table from pages 9 to 11.
You can get a 50% discount on your monthly fee if you maintain a set positive balance in your account.
Furthermore, if your spouse chooses to take up Premium Banking he/she qualifies for a 50% discount* on his/her
monthly fee. No charges are applicable on monthly subscriptions to NotifyMe, as well as Online, Telephone and
Mobile Banking.
*
The spouse discount of 50% is only available to Premium Banking customers where the spouse also qualifies for a Premium Banking account
based on the recommended individual minimum income criteria. The discount only applies to the Transactional Account
monthly fees.
All other transactions not included in the list or transactions done in excess of specific limits, will be charged Out of Bundle fees as reflected
on the Pay-as-you-transact pricing table from pages 9 to 11.
12
Full-value banking
Gold Value Bundle/Premium Banking
Notes:
1. Terms and conditions apply. The first 6 visits per annum are covered in the monthly fee. Visits in excess of 6 will be charged at the lounge
at a fixed rand value of R225,00 at domestic lounges and R380,00 at international lounges.
2. Gold Value Bundle: Effective from 01 February 2020. Gold Value Bundle customers will continue to receive 5 Absa ATM cash deposits and 5
Absa ATM cash withdrawals per month until 31 January 2020.
Premium Banking: Effective from 01 February 2020. Premium Banking customers will continue to receive 5 Absa ATM cash deposits and 7
Absa ATM cash withdrawals per month until 31 January 2020.
3. Unlimited online transfers between your International Savings Currency Investment Account and your rand accounts.
4. Customers can register for eStatements by logging onto Absa Online and clicking on the ‘Profile’ menu bar and then on
‘Manage eStatements’.
5. Terms and conditions apply. Visit absa.co.za. Underwritten by Absa Life Limited an Authorised Financial Services Provider FSP 36116.
6. Terms and conditions apply. Visit absa.co.za. Underwritten by Absa Life Limited an Authorised Services Provider FSP 36116.
Retrenchment Benefit will be paid to full time employed customers only and payable over 2 months. (Gold Value Bundle: R2500 x 2 months
and Premium Banking: R5000 x 2 months).
The following Online, Mobile and Telephone Banking transactions will generate a separate fee (in addition to the monthly service fee)
on Value Bundles and Premium Banking:
• Archived statements
• Immediate interbank payments
• Notice of payments or reminders (fax, email and SMS)
• CashSend®
• Tax certificates
• Stop payments of cheques or debit orders
• Account verification
• Lotto purchases
• Prepaid purchases.
13
Youth banking
MegaU
Monthly fees
Monthly administration fee No charge
Monthly subscription fees – Online, Mobile, Telephone Banking No charge
Deposits
Cheque deposit: Branch counter R60,00
Cash deposit: Branch counter(1) R60,00 + R2,00/R100
First R500 at no charge,
Cash deposit: Absa ATM
thereafter R2,00 per R100
First R500 at no charge,
Cardless cash deposit: Cash acceptor
thereafter R2,00 per R100
Cash withdrawals
Branch counter R75,00 + R2,10/R100
Absa ATM No charge
Point of sale (POS) No charge
Absa-supported ATM R6,00 per R1000
Saswitch ATM/Post Office terminal R11,50 + R2,00/R100
Overseas ATM/POS(2) R75,00
Purchases
Prepaid Top Up for Airtime and Electricity
• Absa ATM, POS, Online, Mobile, Telephone (IVR) No charge
• Absa-supported ATM R6,00
• Saswitch ATM R11,50
POS – local/overseas(2) No charge
Account payments and funds transfers
Account payments
• Absa ATM, Online, Mobile, Telephone (IVR) R10,00
• Branch counter R75,00
• Telephone adviser-assisted R17,00
Immediate interbank payments
• Online, Mobile, Telephone (IVR) R65,00
• Telephone adviser-assisted R72,00
Account verification
• Online R6,50
• Branch R25,00
Debit and stop orders
• Internal debit orders No charge
• External debit orders R10,00
• Stop orders No charge
Funds transfers
• Absa ATM, Online, Mobile, Telephone (IVR) No charge
• Branch counter R75,00
• Telephone adviser-assisted R7,00
CashSend®
• Absa ATM No charge
• Online, Mobile R2,00 per R100
Balance enquiries
Branch counter No charge
Absa ATM No charge
POS No charge
Absa-supported ATM No charge
Saswitch ATM/Post Office terminal/Overseas ATM/POS R8,00
Online, Mobile, Telephone (IVR) No charge
Telephone adviser-assisted R7,00
14
Youth banking
MegaU
Statement fees
Absa ATM ministatement R4,00
Absa CAT terminal full statement R16,00
Full statement: Branch counter R32,00
Mailed statement R32,00
eStatement(3) No charge
Stamped statements
• Online R8,00
• Absa ATM R16,00
Transaction history
• Enquiry – Online, Mobile, Telephone (IVR)(4) No charge
• Enquiry – Telephone adviser-assisted(4) R32,00
Archived statements/Tax certificate – Online R8,00 per statement
Copies of statements (per statement)
• Less than 4 months old R32,00
• 4 months or older R75,00
Administration fees
Bank cheque R200,00
Stop payments
• Branch, telephone adviser-assisted R75,00
• Online R32,00
Stop order establishment/amendment fee
• Branch, Online, Telephone adviser-assisted No charge
Special clearance R200,00
Debit card replacement fee No charge
Debit card – Face-to-face delivery No charge
Other fees
Notification fee (SMS or email) No charge
Dishonoured/Returned payment R8,50
Notice of payment or reminders (Online, Mobile, Telephone)
• SMS | Email | Fax R1,25 | R1,25 | R12,00
Absa Online notifications (includes RVN, TVN, logon alert)
• SMS | Email No charge
Declined fee (insufficient funds)(5) R8,50
Returned cheque deposit R200,00
Debit orders disputed
• Online before 40 days lapsed No charge
• In-branch before 40 days lapsed R30,00
• In-branch after 40 days lapsed R145,00
Notes:
1. No charge applicable if deposit is less than R500,00.
2. An additional currency conversion fee of 2,75% (of the rand value of the transaction) applies to any transaction outside South Africa.
3. Customers can register for eStatements by logging onto Absa Online and clicking on the ‘Profile’ menu bar and then on
‘Manage eStatements’.
4. An additional fee of R2,00 is applicable if request is emailed or R12,00 for fax.
5. Includes the following: Absa ATM, Absa-supported ATM, Saswitch ATM, Post Office, Overseas ATM and POS.
15
Student banking
Student Silver
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 R29,00
a month. For Student Silver, there are no monthly subscription fees for NotifyMe and Online, Mobile 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, tax certificates, stop payments of cheques or debit orders, account verification and
Lotto purchases.
Student Silver
Monthly fee Number of transactions included
R29,00 Unlimited
All other transactions not included in the above list (e.g. Saswitch transactions, branch counter transactions) will be charged Out of Bundle
fees as reflected on the Pay-as-you-transact pricing table from pages 9 to 11. No charges are applicable for Student Silver, monthly mailed
statements and eStatements(2).
Notes:
1. Excludes cardless cash deposits.
2. Customers can register for eStatements by logging onto Absa Online and clicking on the ‘Profile’ menu bar and then on
‘Manage eStatements’.
16
Student banking
Gold Graduate
With the Graduate 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 pay Out of Bundle fees as per the pricing table from pages 9
to 11. Transactions as allocated in your Value Bundle will roll over for one month if not used. Plus you benefit
from our exciting value-added services.
Gold Graduate
Monthly fees
Monthly service fee(1) R54,50
Discounted monthly service fee:
• For maintaining a balance of:
- more than R30 000 = 50% discount R27,25
Monthly subscription fees – Online, Mobile, Telephone Banking No charge
Transactions included
Absa ATM cash deposits(2)
• Cash deposit: Absa ATM Up to a total value of R4 500 included per month,
• Cash deposit: Cash acceptor thereafter standard fees apply.
• Cardless cash deposit: Cash acceptor
Absa ATM cash withdrawals(2) Up to a total value of R4 500 included per month,
• Cash withdrawals Absa ATM thereafter standard fees apply.
Debit card purchases and withdrawals (local)
• Debit card purchases Unlimited
• Point-of-sale (POS) cash withdrawals
Electronic account and beneficiary payments
• Account payments via Absa ATM, Online, Mobile, Telephone (IVR) Unlimited
• External debit orders
Funds transfers and internal payments
• Funds transfers via Absa ATM, Online, Mobile, Telephone (IVR)
Unlimited
• Internal debit orders
• Stop orders
Electronic information enquiries
• Statement – Absa ATM (mini), Online and Telephone (IVR)
Unlimited
• Balance enquiries – Absa ATM, POS, Online, Mobile and
Telephone (IVR)
Notification fee (SMS or email) No charge
eStatement(3) No charge
All other transactions not included in the above list, or transactions done in excess of specific limits, will be
charged at Out of Bundle fees as reflected on the Pay-as-you-transact pricing table from pages 9 to 11.
Notes:
1. Monthly fee for the first 36 months, thereafter account is migrated to a Gold Value Bundle.
2. Effective from 01 February 2020. Gold Graduate customers will continue to receive 5 Absa ATM cash deposits and 5 Absa ATM cash
withdrawals per month until 31 January 2020.
3. Customers can register for eStatements by logging onto Absa Online and clicking on the ‘Profile’ menu bar and then on
‘Manage eStatements’.
The following Online, Mobile and Telephone Banking transactions will generate a separate fee (in addition to the monthly service fee)
on Gold Graduate:
• Archived statements
• Immediate interbank payments
• Notice of payment or reminders (fax, email and SMS)
• CashSend®
• Tax certificates
• Stop payments of cheques or debit orders
• Account verification
• Lotto purchases
• Prepaid purchases.
17
Seniors banking
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 a month. If you can afford to maintain a credit balance of R15 000 in your current
account or invest the required minimum as per below, you have access to Prosperity Rebate Banking,
where you receive up to R510,00 rebate amount on your daily banking transactions. As a Prosperity
customer, you also qualify for additional interest rate benefits on a selection of our investment accounts.
Rebate Banking
Minimum monthly account balance R15 000
Maximum rebate amount R510,00
Minimum balance to be maintained in the current account or in one
of the following investments with Absa to qualify for rebates:
• Credit balance in current account R15 000
• 12-month (or longer) Fixed Deposit R15 000
• 12- to 18-month Bonus Deposit R15 000
• Linked Rate Deposit R15 000
• MoneyBuilder R15 000
• Money Market Fund R15 000
• Investment Advantage R15 000
• Depositor Plus R15 000
• TruSave R15 000
• Notice Select R15 000
• Tax-free Savings R15 000
• Dynamic Fixed Deposit R15 000
• Islamic Tax-free Savings R15 000
• 32 Day Notice Deposit R15 000
• Income and Growth Performer R15 000
• Islamic Term Deposit R15 000
Prosperity customers will receive a rebate amount on most transactional charges. Charges will be levied
for immediate interbank payments, notice of payments or reminders, archived statements, CashSend®,
tax certificates, stop payments of cheques or debit orders, account verification and Lotto purchases.
18
Seniors banking
Prosperity
All other transactions not included in the above list (e.g. Saswitch transactions) will be charged Out of Bundle fees as reflected on the
Pay-as-you-transact pricing table from pages 9 to 11.
19
Islamic Banking
Islamic Youth
Islamic Youth
Monthly fees
Monthly administration fee No charge
Monthly subscription fees – Online, Mobile, Telephone Banking No charge
Deposits
Cheque deposit: Branch counter R60,00
Cash deposit: Branch counter(1) R60,00 + R2,00/R100
First R500 at no charge, thereafter R2,00
Cash deposit: Absa ATM
per R100
First R500 at no charge, thereafter R2,00
Cardless cash deposit: Cash acceptor
per R100
Cash withdrawals
Branch counter R75,00 + R2,10/R100
Absa ATM No charge
Point of sale (POS) No charge
Absa-supported ATM R6,00 per R1000
Saswitch ATM/Post Office terminal R11,50 + R2,00/R100
Overseas ATM/POS (2)
R75,00
Purchases
Prepaid Top Up for Airtime and Electricity
• Absa ATM, POS, Online, Mobile, Telephone (IVR) No charge
• Absa-supported ATM R6,00
• Saswitch ATM R11,50
POS – local/overseas(2) No charge
Account payments and funds transfers
Account payments
• Absa ATM, Online, Mobile, Telephone (IVR) R10,00
• Branch counter R75,00
• Telephone adviser-assisted R17,00
Immediate interbank payments
• Online, Mobile, Telephone (IVR) R65,00
• Telephone adviser-assisted R72,00
Account verification
• Online R6,50
• Branch R25,00
Debit and stop orders
• Internal debit orders No charge
• External debit orders R10,00
• Stop orders No charge
Funds transfers
• Absa ATM, Online, Mobile, Telephone (IVR) No charge
• Branch counter R75,00
• Telephone Adviser-assisted R7,00
CashSend®
• Absa ATM No charge
• Online, Mobile R2,00 per R100
20
Islamic banking
Islamic Youth
Islamic Youth
Balance enquiries
Branch counter No charge
Absa ATM No charge
POS No charge
Absa-supported ATM No charge
Saswitch ATM/Post Office terminal/Overseas ATM/POS R8,00
Online, Mobile, Telephone (IVR) No charge
Telephone Adviser-assisted R7,00
Statement fees
Absa ATM ministatement R4,00
Absa CAT terminal full statement R16,00
Full statement: Branch counter R32,00
Mailed statement R32,00
eStatement(3) No charge
Stamped statements
• Online R8,00
• Absa ATM R16,00
Transaction history
• Enquiry – Online, Mobile, Telephone (IVR)(4) No charge
• Enquiry – Telephone adviser-assisted(4) R32,00
Archived statements/Tax certificate – Online R8,00 per statement
Copies of statements (per statement)
• Less than 4 months old R32,00
• 4 months or older R75,00
Administration fees
Bank cheque R200,00
Stop payments
• Branch, telephone adviser-assisted R75,00
• Online R32,00
Stop order establishment/amendment fee
• Branch, online, telephone adviser-assisted No charge
Special clearance R200,00
Debit card replacement fee No charge
Debit card – Face-to-face delivery No charge
21
Islamic banking
Islamic Youth
Islamic Youth
Other fees
Notification fee (SMS or email) No charge
Dishonoured/Returned payment R8,50
Notice of payment or reminders (Online, Mobile, Telephone)
• SMS | Email | Fax R1,25 | R1,25 | R12,00
Absa Online notifications (includes RVN, TVN, logon alert)
• SMS | Email No charge
Declined fee (insufficient funds)(5) R8,50
Returned cheque deposit R200,00
Debit orders disputed
• Online before 40 days lapsed No charge
• In-branch before 40 days lapsed R30,00
• In-branch after 40 days lapsed R145,00
Notes:
1. No charge applicable if deposit is less than R500,00.
2. An additional currency conversion fee of 2,75% (of the rand value of the transaction) applies to any transaction outside South Africa.
3. Customers can register for eStatements by logging onto Absa Online and clicking on the ‘Profile’ menu bar and then on
‘Manage eStatements’.
4. An additional fee of R2,00 is applicable if request is emailed or R12,00 for fax.
5. Includes the following: Absa ATM, Absa-supported ATM, Saswitch ATM, Post Office, Overseas ATM and POS.
22
Islamic banking
Islamic Savings
This is a Shari’ah-compliant transactional savings account that provides you with a pre-agreed profit-share ratio
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 transfers, and if you have R16 500 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(1) √
Rebate Banking minimum balance
(2)
R16 500
Monthly fees
Monthly administration fee R29,00
Monthly subscription fees – Online, Mobile, Telephone Banking No charge
Deposits
Cheque deposit: Branch counter R60,00
Cash deposit: Branch counter R60,00 + R2,00/R100
Cash deposit: Absa ATM R2,00 per R100
Cardless cash deposit: Cash acceptor R2,00 per R100
Cash withdrawals
Branch counter R75,00 + R2,10/R100
Absa ATM R2,00 per R100
Point of sale (POS) R2,00
Absa-supported ATM R6,00 + R2,00/R100
Saswitch ATM/Post Office terminal R11,50 + R2,00/R100
Overseas ATM/POS(3) R75,00
Purchases
Prepaid Top Up for Airtime and Electricity
• Absa ATM, POS, Online, Mobile, Telephone (IVR) R1,50
• Absa-supported ATM R6,00
• Saswitch ATM R11,50
POS – local/overseas(3) R4,00
23
Islamic banking
Islamic Savings
Islamic Savings
Account payments and funds transfers
Account payments
• Absa ATM R10,00
• Online, Mobile, Telephone (IVR) R10,00
• Branch counter R75,00
• Telephone adviser-assisted R17,00
Immediate interbank payments
• Online, Mobile, Telephone (IVR) R65,00
• Telephone adviser-assisted R72,00
Account verification
• Online R6,50
• Branch R25,00
Debit and stop orders
• Internal debit orders No charge
• External debit orders R10,00
• Stop orders No charge
Funds transfers
• Absa ATM No charge
• Online, Mobile, Telephone (IVR) No charge
• Branch counter R75,00
• Telephone adviser-assisted R7,00
CashSend®
• Absa ATM R2,00 per R100
• Online, Mobile R2,00 per R100
Balance enquiries
Branch counter No charge
Absa ATM No charge
POS No charge
Absa-supported ATM No charge
Saswitch ATM/Post Office terminal/Overseas ATM/POS R8,00
Online, Mobile, Telephone (IVR) No charge
Telephone adviser-assisted R7,00
Statement fees
Absa ATM ministatement R8,00
Absa CAT terminal full statement R16,00
Full statement: Branch counter R32,00
Mailed statement R32,00
eStatement(4) No charge
Stamped statements
• Online R8,00
• Absa ATM R16,00
Transaction history
• Enquiry – Online, Mobile, Telephone (IVR)(5) No charge
• Enquiry – Telephone adviser-assisted(5) R32,00
Archived statements/Tax certificate – Online R8,00 per statement
Copies of statements (per statement)
• Less than 4 months old R32,00
• 4 months or older R75,00
24
Islamic banking
Islamic Savings
Islamic Savings
Administration fees
Bank cheque R200,00
Stop payments
• Branch, telephone adviser-assisted R75,00
• Online R32,00
Stop order establishment/Amendment fee
• Branch, online, telephone adviser-assisted No charge
Special clearance R200,00
Debit card replacement fee R140,00
Debit card –Face-to-face delivery No charge
Other fees
Notification fee (SMS or email) R0,60
Dishonoured/Returned payment R8,50
Notice of payment or reminders (Online, Mobile, Telephone)
• SMS | Email | Fax R1,25 | R1,25 | R12,00
Absa Online notifications (includes RVN, TVN, logon alert)
• SMS | Email No charge
Declined fee (insufficient funds)(6) R8,50
Returned cheque deposit R200,00
Debit orders disputed
• Online before 40 days lapsed No charge
• In-branch before 40 days lapsed R30,00
• In-branch after 40 days lapsed R145,00
Notes:
1.
Standard fee pricing option is applicable when the rebate banking criteria is not met.
2. Fees shaded indicate that no charge will be levied on this transaction when the minimum monthly account balance of R16 500
is maintained throughout the month.
3. An additional currency conversion fee of 2,75% (of the rand value of the transaction) applies to any transaction outside South Africa.
4. Customers can register for eStatements by logging onto Absa Online and clicking on the ‘Profile’ menu bar and then on
‘Manage eStatements’.
5. An additional fee of R2,00 is applicable if request is emailed or R12,00 for fax.
6. Includes the following: Absa ATM, Absa-supported ATM, Saswitch ATM, Post Office, Overseas ATM and POS.
25
Islamic banking
Islamic Current Account
Value Bundles
This is a Shari’ah-compliant cheque product based on a Qardh structure, and offers a transactional account
vehicle that allows you to have an affordable pricing options. With the Islamic 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 pay standard fees per transaction as per the Pay-as-you-transact pricing table from pages
9 to 11.
26
Islamic banking
Islamic Current Account
*The spouse discount of 50% is only available to Premium Banking customers where the spouse also qualifies for a Premium Banking account
based on the recommended individual minimum income criteria. The discount only applies to the Transactional Account monthly fees.
Notes:
1. Monthly fee for the first 36 months, thereafter account is migrated to a Gold Value Bundle.
2. The first 6 visits per annum are covered in the monthly fee. Visits in excess of 6 will be charged at the lounge at a fixed rand value of
R225,00 at domestic lounges and R380,00 at international lounges.
3. Islamic Gold Graduate: Effective from 01 February 2020. Gold Graduate customers will continue to receive 5 Absa ATM cash deposits and
5 Absa ATM cash withdrawals per month until 31 January 2020.
Islamic Gold Value Bundle: Effective from 01 February 2020. Gold Value Bundle customers will continue to receive 5 Absa ATM cash
deposits and 5 Absa ATM cash withdrawals per month until 31 January 2020.
Islamic Premium Banking: Effective from 01 February 2020. Premium Banking customers will continue to receive 5 Absa ATM cash
deposits and 7 Absa ATM cash withdrawals per month until 31 January 2020.
4. Customers can register for eStatements by logging onto Absa Online and clicking on the ‘Profile’ menu bar and then on
‘Manage eStatements’.
The following Online, Mobile 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 or reminders (fax, email and SMS)
• CashSend®
• Tax certificates
• Stop payments of cheques and debit orders
• Account verification
• Prepaid purchases.
All other transactions not included in the above list or transactions done in excess of specific limits, will be charged Out of Bundle fees as
reflected on the Pay-as-you-transact pricing table from pages 9 to 11. Lotto purchases are excluded on all Islamic accounts.
27
Savings and investments
TruSave, Depositor Plus, Cash Invest Tracker, Club Account, Travel Club, Investment Club,
Grocery Stokvel, Tax-free Savings and Money Market Fund
28
Savings and investments
TruSave, Depositor Plus, Cash Invest Tracker, Club Account, Travel Club, Investment Club, Grocery Stokvel,
Tax-free Savings and Money Market Fund
Notes:
1. An additional currency conversion fee of 2,75% (of the rand value of the transaction) applies to any transaction outside South Africa.
2. Customers can register for eStatements by logging onto Absa Online and clicking on the ‘Profile’ menu bar and then on
‘Manage eStatements’.
3. Increasing to R50,00 per transaction from the 4th occurrence within 12 months.
29
Savings and investments
Tax-free Savings
The Tax-free Savings Account is a smart way to save, with immediate access to your money. Your interest
return is protected from tax. Contribute up to a maximum of R33 000 per tax year, with a maximum lifetime
contribution limit of R500 000.
Tax-free Savings
Monthly fees
Monthly administration fee No charge
Deposits
Cheque deposit: Branch counter R60,00
Cash deposit: Branch counter R60,00 + R2,00/R100
Cash deposit: Absa ATM R2,00 per R100
Cardless cash deposit: Cash acceptor R2,00 per R100
Cash withdrawals
Branch counter R75,00 + R2,10/R100
Absa ATM/Absa-supported ATM N/A
Saswitch ATM/Overseas ATM N/A
Account payments and funds transfers
Account payments
• Absa ATM/Branch counter N/A
Debit and stop orders N/A
Funds transfers
• Absa ATM, Online, Mobile No charge
• Branch counter R75,00
Balance enquiries
Branch counter No charge
Absa ATM No charge
Absa-supported ATM No charge
Saswitch ATM R8,00
Statement fees
Branch counter full statement R32,00
Absa ATM ministatement R8,00
Absa CAT terminal full statement R16,00
Mailed statement R32,00
eStatement (1)
No charge
Stamped statement
• Online R8,00
• Absa ATM R16,00
Administration fees
Bank cheque R200,00
Stop payment instruction/Special clearance N/A
Debit card replacement fee N/A
Other fees
Notification fee (SMS or email) No charge
Dishonoured/Returned payment N/A
Declined fee (insufficient funds) N/A
Returned cheque deposit R200,00
Note:
1. Customers can register for eStatements by logging onto Absa Online and clicking on the ‘Profile’ menu bar and then on
‘Manage eStatements’.
30
Savings and investments
Money Market Fund
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. An additional currency conversion fee of 2,75% (of the rand value of the transaction) applies to any transaction outside South Africa.
3. Customers can register for eStatements by logging onto Absa Online and clicking on the ‘Profile’ menu bar and then on
‘Manage eStatements’.
4. Includes the following: Absa ATM, Absa-supported ATM, Saswitch ATM, Post Office, Overseas ATM and POS.
31
Savings and investments
Call Account
Call Account
Monthly fees
Monthly account fee No charge
Monthly subscription fees – Online, Mobile, Telephone Banking(1) R99,00
Deposits
Cheque deposit: Branch counter R60,00
Cash deposit: Branch counter R60,00 + R2,00/R100
Cash deposit: Absa ATM R2,00 per R100
Cardless cash deposit: Cash acceptor R2,00 per R100
Cash withdrawals
Branch counter R75,00 + R2,10/R100
Absa ATM R2,00 per R100
Point of sale (POS) R2,00
Absa-supported ATM R6,00 + R2,00/R100
Saswitch ATM/Post Office terminal R11,50 + R2,00/R100
Overseas ATM/POS (2)
R75,00
Purchases
Prepaid Top Up for Airtime and Electricity
• Absa ATM, POS, Online, Mobile, Telephone (IVR) N/A
• Absa-supported ATM N/A
• Saswitch ATM N/A
POS – local/overseas(2) N/A
Account payments and funds transfers
Account payments
• Absa ATM, Online, Mobile R10,00
• Telephone (IVR) R17,00
• Branch counter R75,00
Immediate interbank payments
• Online, Mobile, Telephone (IVR) R65,00
• Telephone adviser-assisted R72,00
Account verification
• Online R6,50
• Branch R25,00
Debit and stop orders
• Internal debit orders No charge
• External debit orders R19,00
• Stop orders No charge
Funds transfers
• Absa ATM, Online, Mobile, Telephone (IVR) No charge
• Branch counter R65,00
• Telephone adviser-assisted R7,00
CashSend
• Absa ATM, Online, Mobile, Telephone (IVR) R2,00 per R100
Balance enquiries
Branch counter No charge
Absa ATM No charge
POS No charge
Absa-supported ATM No charge
Saswitch ATM/Post Office terminal/Overseas ATM/POS R8,00
Online, Mobile, Telephone (IVR) No charge
Telephone adviser-assisted R7,00
32
Savings and investments
Call Account
Statement fees
Absa ATM ministatement R8,00
Absa CAT terminal full statement R16,00
Full statement: Branch counter R32,00
Mailed statement R32,00
eStatement(3) No charge
Transaction history
• Enquiry – Online, Mobile, Telephone (IVR)(4) No charge
• Enquiry – Telephone adviser-assisted(4) R32,00
Archived statements/Tax certificate – Online R8,00 per statement
Copies of statements (per statement)
• Less than 4 months old R32,00
• 4 months or older R75,00
Administration fees
Bank cheque R200,00
Stop payments
• Branch, telephone adviser-assisted R75,00
• Online R32,00
Stop order establishment/amendment fee
• Branch, online, telephone adviser-assisted No charge
Special clearance R200,00
Debit card replacement fee R140,00
Debit card – Face-to-face delivery No charge
Other fees
Notification fee (SMS or email) R0,60
Dishonoured/Returned payments (5)
R50,00
Notice of payment or reminders (Online, Mobile, Telephone)
• SMS | Email | Fax R1,25 | R1,25 | R12,00
Absa Online notifications (includes RVN, TVN, logon alert)
• SMS | Email No charge
Declined fee (insufficient funds)(6) R8,50
Returned cheque deposit R200,00
Debit orders disputed
• Online before 40 days lapsed No charge
• In-branch before 40 days lapsed R30,00
• In-branch after 40 days lapsed R145,00
Notes:
1. This fee is not applicable to retail customers.
2. An additional currency conversion fee of 2,75% (of the rand value of the transaction) applies to any transaction outside South Africa.
3. Customers can register for eStatements by logging onto Absa Online and clicking on the ‘Profile’ menu bar and then on
‘Manage eStatements’.
4. An additional fee of R2,00 is applicable if request is emailed or R12,00 for fax.
5. Increasing to R150,00 per transaction from the 4th occurrence within 12 months.
6. Includes the following: Absa ATM, Absa-supported ATM, Saswitch ATM, Post Office, Overseas ATM and POS.
33
Savings and investments
Investor Plus, Notice Select, Future Plan, TargetSave and Islamic TargetSave
Investor Plus, Notice Select, Future Plan, TargetSave and Islamic TargetSave
Monthly fees
Monthly account fee No charge
Monthly management fee for Investor Plus No charge
Deposits
Cheque deposit: Branch counter R60,00
Cash deposit: Branch counter R60,00 + R2,00/R100
Cash deposit: Absa ATM R2,00 per R100
Cardless cash deposit: Cash acceptor R2,00 per R100
Cash withdrawals
Branch counter R75,00 + R2,10/R100
Absa ATM R2,00 per R100
Absa-supported ATM R9,00 + R2,00/R100
Saswitch ATM R14,50 + R2,00/R100
Funds transfers
Absa ATM, Online, Mobile No charge
Branch counter R75,00
Balance enquiries
Branch counter No charge
Absa ATM No charge
Absa-supported ATM No charge
Saswitch ATM R8,00
Statement fees
Full statement: Branch counter R32,00
Ministatement: Absa ATM R8,00
Absa CAT terminal R16,00
Mailed statement R32,00
eStatement (1)
No charge
Administration fees
Debit card replacement fees R140,00
Debit card - Face-to-face delivery No charge
Note:
1. Customers can register for eStatements by logging onto Absa Online and clicking on the ‘Profile’ menu bar and then on
‘Manage eStatements’.
34
Credit cards
It’s smarter to use your credit card for purchases than using cash, and here’s why:
• You get up to 57 interest-free days on purchases, excluding cash withdrawals, casino transactions,
Absa Online 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. Visit absa.co.za
• Avoid paying cash deposit fees when you transfer payments to your credit card using electronic channels
(Online, Mobile or ATM).
Tip: Use your credit card for fuel purchases, as no transaction fees are charged.
Monthly Fees
Card type Student Flexi Core (Transact) Gold Premium Banking
Monthly account fee (1)
N/A R14,00 R23,00 R59,00
Monthly credit facility fee(2) N/A R30,00 R30,00 R30,00
Secondary Card per month N/A R16,50 per plastic R16,50 per plastic R16,50 per plastic
No garage card No garage card
Garage Cards R42,00 R42,00
applicable applicable
0,325% of the average 0,325% of the average 0,325% of the average
Card Life Plan (optional) N/A outstanding balance outstanding balance outstanding balance
for the month for the month for the month
Credit cards
Monthly fees
Monthly subscription fees – Online, Mobile, Telephone Banking No charge
Deposits
Cheque deposit: Branch counter R60,00
Cash deposit: Branch counter R60,00 + R2,00/R100
Cash deposit: Absa ATM R2,00 per R100
Cardless cash deposit: Cash acceptor R2,00 per R100
Cash withdrawals
Branch counter (any local bank) R75,00 + R2,10/R100
Absa ATM R2,00 per R100
Absa-supported ATM R6,00 + R2,00/R100
Saswitch ATM R11,50 + R2,00/R100
Point of sale (POS) (local) R2,00
Overseas (ATM/POS)(3) R75,00
Purchases
Credit Card purchases (Point of Sale – POS) local/overseas(3) No charge
Garage Card purchases R6,50
35
Credit cards
Account payments and funds transfers
Account payments
• Absa ATM, Online, Mobile, Telephone (IVR) R10,00
• Branch counter R75,00
Debit orders
• Internal debit orders No charge
• External debit orders(4) No charge
Funds transfers
• Absa ATM, Online, Mobile, Telephone (IVR) No charge
• Branch counter R75,00
Bank Cheque R200,00
Balance enquiries
Absa ATM, Online, Mobile, Telephone (IVR) No charge
Absa-supported ATM No charge
Saswitch ATM/Overseas ATM/Post Office terminal R8,00
Branch counter No charge
Telephone adviser-assisted R7,00
Statement fees and notifications
Absa ATM ministatement R8,00
Absa CAT ATM (Cash Accepting Terminal) full statement R16,00
Full statement: Branch counter R32,00
Mailed statement No charge
eStatement(5) No charge
Stamped statements
• Online R8,00
• Absa CAT ATM (Cash Accepting Terminal) R16,00
Transaction history
• Enquiry - Online, Mobile, Telephone (IVR) No charge
• Enquiry - Telephone adviser-assisted(6) R32,00
Archived statements/Tax certificate - Online R8,00 per statement
Copies of statements (per statement)
• Less than 4 months old R32,00
• 4 months older R75,00
Duplicate statement fee R5,00 per request R1,00 per page (max R50,00)
Other fees
Notification fee (SMS or email) R0,60
Notice of payment or reminders (Online, Mobile, Telephone)
• SMS I Email I Fax R1,25 I R1,25 I R12,00
Absa Online notifications (includes RVN, TVN, logon alert)
• SMS I Email I Fax No charge
Basic Travel Insurance No charge
Unpaid debit order/Cheque fee No charge
Declined fee (insufficient funds)
• Absa ATM, Absa-supported ATM, Saswitch ATM,
Overseas ATM and POS R8,50
Initiation fee R175,00
36
Credit cards
Card replacement
Card Replacement/Lost card administration fee(7) R140,00
Card delivery: Same-day delivery R490,00
Card delivery: International delivery Region dependent (Min R250 - Max R700)
Lost card protection No charge
Courier card delivery No charge
Invalid dispute fees
Domestic transactions R50,00
International transactions R128,00
Mobile Banking Lite (*120*2272#)
Monthly fee No charge
Account payments R10,00
Funds transfers No charge
Balance enquiries R0,60
Statement enquiries R0,60 ministatement via SMS
Notice of payment or reminders (SMS I Email I Fax) R1,25 I R1,25 I R12,00
Notes:
1. Credit Card Monthly Account Fee: This fee relates to the cost charged monthly for the administration and maintenance of the
value-added features on your credit card account. This fee enables the ‘more than just credit’ features on your card.
2. Credit Facility Service Fee: This fee relates to the cost charged monthly for the routine administration of maintaining your credit
card facility. This fee enables the everyday use of your credit card and the credit granted.
3. An additional currency conversion fee of 2,75% (of the rand value of the transaction) applies to any transaction outside South Africa.
4. Scheduled monthly payments against your account from merchants who allow payment collections from credit cards.
5. Customers can register for eStatements by logging onto Absa Online and clicking on the ‘Profile’ menu bar and then on
‘Manage eStatements’, or via Telephone Banking or by sending their request to contactcard@absa.co.za
6. An additional fee of R2,00 is applicable if request is emailed or R12,00 for fax.
7. The bank may charge a replacement card fee or Lost Card Administration Fee at our own discretion.
37
Home Loans
Absa’s Home Loan products and services are designed to complement the South African consumer’s home
ownership specific needs. We recognize the consumer’s preference for simple and more rewarding financing
solutions that help them to achieve their home ownership aspirations. We offer:
• Relevant solutions to address the specific needs of consumers
• Preferential service, non-intrusive, always available
• Relationship benefits that rewards a client’s relationship and loyalty with Absa.
Home Loans
Initiation fees
All loans R6 037,50 (max)
Monthly service fees
All agreements R69,00
Deposits
Cash deposit: Branch counter(1) R60,00 + R2,00/R100
Note:
1. Branch counter cash deposit fee applicable for all cash deposited in excess of the monthly Home Loan repayment amount.
No charges are applicable on Absa ATM cash, cheque and electronic deposits.
38
International Banking
Introducing borderless banking for your international payment, saving and travel needs. Access our solutions
through Absa online banking, the banking app or visit one of our conveniently located branches in over 100
locations. Absa Rewards members get cash back for using any of our solutions.(1)
Travel Insurance
With cover for anything from a cancelled flight, lost suitcase to a sudden unexpected illness, Absa Insurance
Company Travel Insurance allows you to relax and enjoy your journey
Absa Currency Investment Account
Diversify your investment portfolio with an Absa Currency Investment Account. It provides protection against
fluctuations in the rand exchange rate and an affordable way to save in foreign currency. Open an account online
in any of the following currencies.
Note:
1. Excluding Western Union and foreign bank notes.
39
International Banking
International banking Branch Absa Online
Cash PassportTM card
Cash PassportTM load and reloads of digital wallet 2,20% Minimum R120,00 2,20% Minimum R120,00
Once-off card activation fee R150,00 N/A
Secondary card R65,00 N/A
Repurchase of Cash PassportTM (upload) crediting an
No charge N/A
Absa account
Purchase and sale of foreign banknotes
Foreign banknotes purchase and sale 2,12% Minimum R125,00 N/A
Transfer outwards (SWIFTTM)
In rand and foreign currency 0,65% Minimum R220,00 0,55% Minimum R160,00
Maximum R780,00 Maximum R780,00
Electronic fee R150,00 R100,00
Transfer inwards (SWIFTTM)
Inward transfers received 0,65% Minimum R220,00 0,55% Minimum R160,00
Maximum R780,00 Maximum R780,00
Currency Investment Account
0,65% Minimum R145,00
Deposits per transaction - funding transfer inwards No charge
Maximum R350,00
0,65% Minimum R145,00
Withdrawals per transaction - funding transfer outwards No charge
Maximum R350,00
Western Union® Money Transfer service
Send money Principal bands Principal bands Fee USD*
(pricing the same for both USD from USD to
in-branch and digital) - 50,00 7,00
51,00 100,00 10,00
101,00 150,00 12,00
151,00 200,00 14,00
201,00 250,00 16,00
251,00 300,00 18,00
301,00 400,00 20,00
401,00 500,00 25,00
501,00 600,00 30,00
601,00 700,00 35,00
701,00 800,00 40,00
801,00 900,00 45,00
901,00 1 000 50,00
1 001 1 200 55,00
1 201 1 500 63,00
1 501 1 800 63,00
1 801 2 000 64,00
2 001 2 500 65,00
2 501 3 250 65,00
3 251 5 000 2% principal
5 001 7 500 2% principal
7 501 10 000 2% principal
10 001 and above 2% principal
*
At time of WUMT send: Fee to be converted to ZAR at prevailing exchange rate prior to 15%
VAT addition/inclusion. Price subject to change.
Receive money No charge
40
International banking
Other
Cash-handling fee
• Transaction value under R50 000 R350,00
• Transaction value above R50 000 R60,00 + R2,00/R100 of the value of the cash exchanged
for foreign currency
Travel delivery fee
• Delivery of travel products to client’s premises R270,00
• Failed delivery R310,00
Visa letter R150,00
Emigration formalities Price on application
41
Other offerings
Safe custody
Safe custody
Transaction type Fee
Initiation fee R560,00
Accessing items stored in safe custody R28,00
Absa lockers Small
(1)
R1 400,00
Absa lockers(1) Medium R2 100,00
Absa lockers Large
(1)
R3 500,00
Absa lockers(1) Extra Large R3 850,00
Envelope safe custody (1)
R340,00
Fixed fee (items stored in safe – excluding informal security)(1) R1 400,00
Note:
1. These fees are paid annually in advance in January.
42
Frequently asked questions
For any other questions, please call 08600 08600, visit your nearest Absa branch
or go to absa.co.za
Fixed fee: When you perform account payments at an Absa ATM, you’ll pay a fixed fee per transaction,
whether you pay R100 or R1 000.
Sliding scale fee: You pay a base fee for the transaction itself plus a fee based on the value of the
transaction. For example, if you withdraw R500 from a current account at an Absa-supported ATM
you’ll pay a R6,00 base fee for the transaction plus R2,00 per R100. Therefore the withdrawal will
cost R16,00 (R6,00 + 5 x R2,00).
Remember: Transactions performed at an Absa Branch is more expensive than transactions done at
an Absa ATM, using Online, Mobile or Telephone Banking.
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
The Value Bundle option offers a set number of transactions and various value-added services for a
fixed monthly fee. In the event you transact outside of the allotted transactions, pay-as-you-transact
(PAYT) fees will apply.
3. Rebate Banking
You will receive a rebate on the banking fees for certain transactions if you keep a set minimum
balance in your transactional, savings or investment account throughout the month. The amount to
be maintained differs, depending on the account you hold.
43
Frequently asked questions
How do debit orders make my life easier?
A debit order is an instruction from you that allows third-party service providers and banks to collect
money automatically from your bank account. Customers who choose to use debit orders should
always make sure that there is enough money in their account to cover the amount of the debit order.
You can also register for NotifyMe and receive an SMS notification every time there is a transaction
on your account.
If the third party continues to collect the debit order from your account after you have
cancelled it, you can dispute the debit order or, alternatively, provide Absa with a written stop
payment instruction.
44
Frequently asked questions
What is a beneficiary payment?
It is a transaction used to pay a utility bill (municipal account) 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 beneficiary payment transaction).
Disclaimer:
Fees quoted in this brochure are valid from 01 January 2020. Unless otherwise stated, fees include 15% VAT and are subject
to change.
Should there be 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 result in customers having to pay additional fees, or even the termination
of the product or service. In this event Absa is entitled to change the pricing option (for such products and services) by notice
to a pricing option that is the same or similar to that for business customers.
E&OE
Terms and conditions apply Authorised Financial Services Provider Registered Credit Provider Reg No NCRCP7
45