Choose the pricing option that suits you best

Choose the pricing option that suits you best

Back to contents page Absa Bank Ltd Reg No 1986/004794/06 Authorised Financial Services Provider Registered Credit Provider Reg No NCRCP7 Choose the pricing option that suits you best 2015 Pricing Guide

Back to contents page Page 2 | Pricing Guide 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 There is a R3,95 base fee for the transaction plus a R1,30 fee per R100,00 withdrawn, which means a R500,00 cash withdrawal will cost you R10,45 (R3,95 + 5 x R1,30). 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, relook 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 a month for a set number of transactions as part of your Value Bundle. On the Gold and Platinum Value Bundle, unused transactions roll over to the next month. Various value-added services are included. 3. 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 15 August 2015.

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 customers, to change the fees and costs to fees and costs that apply to the same and similar business products and services offered to business customers 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 customers having to pay additional fees and costs, or even the termination of the product or service.

E&OE Get more. Prosper. 4. Rebate Banking You will not pay banking fees on certain transactions if you keep a set minimum balance in your account throughout the month. 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 have used all your set transactions you are charged a single fee per selected transaction and no out-of-bundle penalty fees.

  • Back to contents page Contents Page 3 | Pricing Guide Basic Banking
  • Transact 5 Daily Banking
  • Flexi Account 8
  • Flexi Value Bundle 10 Full-value Banking
  • Gold Current Account – Pay-as-you-transact 11
  • Platinum Current Account – Pay-as-you-transact 11
  • Gold Value Bundle 14
  • Platinum Value Bundle 14 Youth Banking
  • Mega U 16 Student Banking
  • Student Silver 19 Seniors Banking
  • Flexi Account – Seniors offering 20
  • Prosperity 23 Islamic Banking
  • Islamic Youth 24
  • Islamic Savings 27
  • Islamic Current Account – Value Bundles 30 Savings and Investments
  • TruSave 32
  • Depositor Plus 32
  • Club Account 32
  • Tax-free Savings 34
  • Money Market Fund 36 Credit Cards
  • Transact Credit, Gold, Titanium, Platinum 38 Home Loans 40 International Banking 41 Other offerings
  • Prepaid Debit Card 43
  • Pay-as-you-transact: 45 Absa Current Account, Student Silver, Prosperity, and Islamic Current Account
  • OneTouch 48
  • Safe custody 49
  • Cellphone Banking Lite 49 Frequently asked questions 51
Back to contents page Page 4 | Pricing Guide Transactional offerings Product offerings Pricing plans Basic Banking Transact Pay-as-you-transact Daily Banking Flexi Account Pay-as-you-transact Value Bundle Full-value Banking Gold Account Pay-as-you-transact Value Bundle Platinum Account Pay-as-you-transact Value Bundle Youth Banking Mega U Pay-as-you-transact Student Banking Student Silver EasyFee Seniors Banking Flexi Account Rebate Banking Prosperity Rebate Banking Islamic Banking Islamic Youth Pay-as-you-transact Islamic Savings Pay-as-you-transact Islamic Current Account Pay-as-you-transact Value Bundle Savings and Investments TruSave Pay-as-you-transact Depositor Plus Pay-as-you-transact Club Account Pay-as-you-transact Tax-free Savings Pay-as-you-transact Money Market Fund Pay-as-you-transact Credit Cards Standard fee Home Loans Standard fee International Banking Standard fee Other offerings Prepaid Debit Card Prepaid Current Accounts:
  • Absa Current Account
  • Student Silver
  • Prosperity
  • Islamic Current Account Pay-as-you-transact OneTouch Standard fee Safe custody Standard fee Cellphone Banking Lite Standard fee

Back to contents page Basic Banking Transact A card-based account that gives you 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 customers can apply for a 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.

  • Page 5 | Pricing Guide Transact Monthly fees Monthly administration fee R4,75 Monthly subscription fees – Internet, Cellphone, Telephone Banking No charge Deposits Cheque deposit: Branch counter R16,00 Cheque deposit: Absa ATM No charge Cash deposit: Branch counter R7,00 + R1,45/R100 Cash deposit: Absa ATM R3,00 + R1,30/R100 Cardless cash deposit: Cash acceptor R5,25 + R1,45/R100 Cash withdrawals Branch counter R40,00 + R1,50/R100 Absa ATM R4,45 Point of sale (POS) R1,15 Absa-supported ATM R4,45 Saswitch ATM/Post Office terminal R7,20 Overseas ATM/POS (1) (5) R50,00 Purchases Prepaid top-up at Absa ATM, POS, Internet, Cellphone, Telephone (IVR) R1,05 POS – local No charge POS – overseas(5) R9,75 + R0,75/R100 (max. R45) Account payments and funds transfers Account payments
  • Branch counter
  • Absa ATM
  • Internet
  • Cellphone
  • Telephone (IVR)
  • Telephone Adviser-assisted R40,00 R3,00 R1,50 R1,50 R7,50 R14,50
  • Back to contents page Page 6 | Pricing Guide Transact Account payments and funds transfers Immediate interbank payment
  • Internet, Cellphone, Telephone (IVR)
  • Telephone Adviser-assisted R11,00 + R1,30/R100 (max. R65) R18,00 + R1,30/R100 (max. R65) Debit and stop orders
  • Internal debit orders
  • External debit orders
  • Stop orders No charge R3,00 No charge Funds transfers
  • Absa ATM, Internet, Cellphone, Telephone (IVR)
  • Branch counter
  • Telephone Adviser-assisted No charge R40,00 R7,00 CashSend
  • Absa ATM, Cellphone, Internet R7,99 Balance enquiries Branch counter R3,35 Absa ATM No charge POS No charge Absa-supported ATM No charge Saswitch ATM/Post Office terminal R4,00 Internet, Cellphone, Telephone (IVR) No charge Telephone Adviser-assisted R3,35 Statement fees Absa ATM ministatement R4,00 Absa CAT terminal full statement R8,00 Branch counter full statement R16,00 Mailed statement R16,00 eStatement(2) No charge Transaction history
  • Enquiry – Internet, Cellphone, Telephone (IVR)(3)
  • Enquiry – Telephone Adviser-assisted(3) No charge R16,00 Archived statements/Tax certificate – Internet R5,50 per statement Copies of statements (per statement)
  • Less than 4 months old
  • 4 months or older R16,00 R40,00 Administration fees Bank cheque R80,00 Stop payments
  • Branch, Internet, Telephone Adviser-assisted R30,00 Stop order establishment/amendment fee
  • Branch, Internet, Telephone Adviser-assisted No charge Special clearance R80,00 Debit Card replacement fee R80,00
  • Back to contents page Page 7 | Pricing Guide Transact Other fees Notification fee (SMS or email) R0,55 Dishonoured/Returned payment No charge Notice of payment (Internet, Cellphone, Telephone)
  • SMS | Email | Fax R0,80 | R0,80 | R6,50 Internet Banking notifications (includes RVN, TVN, logon alert)
  • SMS | Email No charge Declined fee (insufficient funds)(4) No charge Returned cheque deposit No charge Notes: 1. Cash withdrawals performed at Global Alliance partners: R35,00. 2. Customers 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. 4. Includes the following: Absa ATM, Absa-supported ATM, Saswitch ATM, Post Office, Overseas ATM and POS. 5. A currency conversion fee of 2,75% (of the rand value of the transaction) applies to any transaction outside South Africa.
  • Back to contents page Page 8 | 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 customers who earn a regular monthly income. Key benefits associated with this account include free funeral cover for customers 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 R15,00 Monthly subscription fees – Internet, Cellphone, Telephone Banking No charge Deposits Cheque deposit: Branch counter R16,00 Cheque deposit: Absa ATM No charge Cash deposit: Branch counter R7,00 + R1,45/R100 Cash deposit: Absa ATM R3,00 + R1,30/R100 Cardless cash deposit: Cash acceptor R5,25 + R1,45/R100 Cash withdrawals Branch counter R40,00 + R1,50/R100 Absa ATM R3,95 + R1,30/R100 Point of sale (POS) R3,95 Absa-supported ATM R6,95 + R1,30/R100 Saswitch ATM/Post Office terminal R9,95 + R1,30/R100 Overseas ATM/POS (1) (5) R50,00 Purchases Prepaid top-up at Absa ATM, POS, Internet, Cellphone, Telephone (IVR) R1,05 POS – local R2,65 POS – overseas(5) R9,75 + R0,75/R100 (max. R45) Account payments and funds transfers Account payments
  • Absa ATM, Internet, Cellphone, Telephone (IVR)
  • Branch counter
  • Telephone Adviser-assisted R7,50 R40,00 R14,50 Immediate interbank payment
  • Internet, Cellphone, Telephone (IVR)
  • Telephone Adviser-assisted R11,00 + R1,30/R100 (max. R65) R18,00 + R1,30/R100 (max. R65) Debit and stop orders
  • Internal debit orders
  • External debit orders
  • Stop orders No charge R8,00 No charge Funds transfers
  • Absa ATM, Internet, Cellphone, Telephone (IVR)
  • Branch counter
  • Telephone Adviser-assisted No charge R40,00 R7,00 CashSend
  • Absa ATM, Internet, Cellphone R7,90 + R1,30/R100
  • Back to contents page Page 9 | Pricing Guide Flexi Account Balance enquiries Branch counter R3,35 Absa ATM R1,50 POS R1,00 Absa-supported ATM R3,35 Saswitch ATM/Post Office terminal R4,00 Overseas ATM/POS R4,00 Internet, Cellphone, Telephone (IVR) No charge Telephone Adviser-assisted R3,35 Statement fees Absa ATM ministatement R4,00 Absa CAT terminal full statement R8,00 Full statement: Branch counter R16,00 Mailed statement R16,00 eStatement(2) No charge Transaction history
  • Enquiry – Internet, Cellphone, Telephone (IVR)(3)
  • Enquiry – Telephone Adviser-assisted(3) No charge R16,00 Archived statements/Tax certificate – Internet R5,50 per statement Copies of statements (per statement)
  • Less than 4 months old
  • 4 months or older R16,00 R40,00 Administration fees Bank cheque R80,00 Stop payments
  • Branch, Internet, Telephone Adviser-assisted R30,00 Stop order establishment/amendment fee
  • Branch, Internet, Telephone Adviser-assisted No charge Special clearance R80,00 Debit Card replacement fee R80,00 Other fees Notification fee (SMS or email) R0,55 Dishonoured/returned payment R5,00 Notice of payment (Internet, Cellphone, Telephone)
  • SMS | Email | Fax R0,80 | R0,80 | R6,50 Internet Banking notifications (includes RVN, TVN, logon alert)
  • SMS | Email No charge Declined fee (insufficient funds)(4) R5,00 Returned cheque deposit R80,00 Notes: 1. Cash withdrawals performed at Global Alliance partners: R35,00. 2. Customers 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. 4. Includes the following: Absa ATM, Absa-supported ATM, Saswitch ATM, Post Office, Overseas ATM and POS. 5. A currency conversion fee of 2,75% (of the rand value of the transaction) applies to any transaction outside South Africa.
  • Back to contents page Page 10 | Pricing Guide 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. Flexi Value Bundle Monthly fees Monthly service fees R49,00 Monthly subscription fees – Internet, Cellphone, Telephone Banking No charge Transactions included Cash withdrawals Absa ATM 3 Debit card purchases and withdrawals
  • Debit and cheque card purchases
  • Point-of-sale (POS) cash withdrawals 8 Electronic account and beneficiary payments
  • Account payments via Absa ATM, Internet, Cellphone, Telephone (IVR)
  • External debit orders 11 Funds transfers and internal payments
  • Funds transfers via Absa ATM, Internet, Cellphone, Telephone (IVR)
  • Internal debit orders
  • Stop orders Unlimited Electronic information enquiries
  • Statement – Absa ATM, Internet and Telephone (IVR)
  • Balance enquiries – Absa ATM, POS, Internet, Cellphone and Telephone (IVR) Unlimited Notification (SMS or email) No charge eStatement(1) No charge Additional features Funeral plan R3 000 Notes: 1. Customers 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 Notes: 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. 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. Key benefits associated with this account include free funeral cover for customers 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.
  • Back to contents page Page 11 | Pricing Guide 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 R33,00 Monthly subscription fees – Internet, Cellphone, Telephone Banking No charge Deposits Cheque deposit: Branch counter R16,00 Cheque deposit: Absa ATM No charge Cash deposit: Branch counter(FVB) R7,00 + 1,45% of deposit value Cash deposit: Absa ATM R3,00 + R1,30/R100 (or part thereof) Cardless cash deposit: Cash acceptor R5,25 + 1,45% of deposit value Cash withdrawals Branch counter(FVB) R40,00 + R1,50/R100 (max. R750) Absa ATM R3,95 + R1,30/R100 Point of sale (POS) R3,95 Absa-supported ATM R6,95 + R1,30/R100 Saswitch ATM R9,95 + R1,30/R100 Overseas ATM/POS (1) (7) R50,00 Cheque encashment R40,00 + R1,50/R100 (max. R750) Plus cheque issued fee Purchases Prepaid top-up at Absa ATM, POS, Internet, Cellphone, Telephone (IVR) R1,05 POS – local R3,85 POS – overseas(7) R9,75 + R0,75/R100 (max. R45) Account payments and funds transfers Account payments
  • Absa ATM, Internet, Cellphone, Telephone (IVR)
  • Branch counter
  • Telephone Adviser-assisted R7,50 R40,00 R14,50 Immediate interbank payment
  • Internet, Cellphone, Telephone (IVR)
  • Telephone Adviser-assisted R11,00 + R1,30/R100 (max. R65) R18,00 + R1,30/R100 (max. R65) Debit and stop orders
  • Internal debit orders
  • External debit orders
  • Stop orders No charge R15,50 No charge Funds transfers
  • Absa ATM, Internet, Cellphone, Telephone (IVR)
  • Branch counter(FVB)
  • Telephone Adviser-assisted No charge R40,00 R7,00 CashSend
  • Absa ATM, Internet, Cellphone R7,90 + R1,30/R100 Cheque issued(2) R40,00
  • Back to contents page Page 12 | Pricing Guide Gold/Platinum Current Account Balance enquiries Branch counter R3,35 Absa ATM R1,50 POS R1,00 Absa-supported ATM R3,35 Saswitch ATM R4,00 Overseas ATM/POS R4,00 Internet, Cellphone, Telephone (IVR) No charge Telephone Adviser-assisted R3,35 Statement fees Absa ATM ministatement R4,00 Absa CAT terminal full statement R8,00 Full statement: Branch counter R16,00 Mailed statement R16,00 eStatement(3) No charge Transaction history
  • Enquiry – Internet, Cellphone, Telephone (IVR)(4)
  • Enquiry – Telephone Adviser-assisted(4) No charge R16,00 Archived statements/Tax certificate – Internet R5,50 per statement Copies of statements (per statement)
  • Less than 4 months old
  • 4 months or older R16,00 R40,00 Administration fees Bank cheque/marked cheque R80,00 Stop payments
  • Branch, Internet, Telephone Adviser-assisted R30,00 Stop order establishment/amendment fee
  • Branch, Internet, Telephone Adviser-assisted No charge Special clearance R80,00 Debit Card replacement fee R80,00 Cheque Card replacement fee/new card fee R80,00 Other fees Notification fee (SMS or email) R0,55 Overdraft ledger fee (pm)
  • For the overdraft provision on your account: - Overdraft up to R250 - Overdraft over R250
  • If your account goes into unauthorised overdraft/excess No charge R20,00 R57,00 Dishonoured/returned payment(5) R60,00 Notice of payment (Internet, Cellphone, Telephone)
  • SMS | Email | Fax R0,80 | R0,80 | R6,50 Internet Banking notifications (includes RVN, TVN, logon alert)
  • SMS | Email No charge

Back to contents page Page 13 | Pricing Guide Gold/Platinum Current Account Other fees Declined fee (insufficient funds)(6) R5,00 Returned cheque deposit R80,00 Notes: (FVB) A R5,00 premium will apply to these transactions for Flexi Value Bundle customers. 1. Cash withdrawals performed at Global Alliance partners: R35,00. 2. Only applicable to accounts that allow cheques to be issued. 3. Customers 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. Cheques that are unpaid will be levied a flat fee of R138,00 from the first occurrence.

6. Includes the following: Absa ATM, Absa-supported ATM, Saswitch ATM, Post Office, Overseas ATM and POS. 7. A currency conversion fee of 2,75% (of the rand value of the transaction) applies to any transaction outside South Africa.

Back to contents page Page 14 | Pricing Guide Gold/Platinum Value Bundles 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 Pay-as-youtransact fees per transaction as per the pricing table on page 11. Transactions as allocated in your Value Bundle will roll over for one month if not used.

You can get up to 30% discount on your monthly fee if you maintain a set positive balance in your account.

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 Monthly fees Monthly service fees R98,00 R149,00 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 = 30% discount R88,20 R78,40 R68,60 R134,10 R119,20 R104,30 Monthly subscription fees – Internet, Cellphone, Telephone Banking No charge No charge Priority Pass monthly fee (optional)(1) N/A R59,00 Transactions included Absa ATM cash deposits
  • Cash deposit: Absa ATM
  • Cash deposit: Cash acceptor
  • Cardless cash deposit: Cash acceptor 5 5 Absa ATM cash withdrawals
  • Cash withdrawals Absa ATM 5 7 Debit Card purchases and withdrawals
  • Debit and Cheque Card purchases
  • Point-of-sale (POS) cash withdrawals Unlimited Unlimited Electronic account and beneficiary payments
  • Account payments via Absa ATM, Internet, Cellphone, Telephone (IVR)
  • External debit orders Unlimited Unlimited Funds transfers and internal payments
  • Funds transfers via Absa ATM, Internet, Cellphone, Telephone (IVR)
  • Internal debit orders
  • Stop orders Unlimited Unlimited Electronic information enquiries
  • Statement – Absa ATM, Internet and Telephone (IVR)
  • Balance enquiries – Absa ATM, POS, Internet, Cellphone and Telephone (IVR) Unlimited Unlimited Notification fee (SMS or email) No charge No charge eStatement(2) No charge No charge Roll-over of unused transactions(3) 1 month 1 month Take-me-Home service 6 pa 8 pa

Back to contents page Page 15 | Pricing Guide Gold Value Bundle Platinum Value Bundle Cross-product benefits Cash back for your Credit Card R19,00 R41,00 Cash back for your Home Loan(4) R15,00 R20,00 Cash back for your Vehicle Finance R5,00 R5,00 Additional features Spouse discount on monthly service fees 50% 50% Lump sum death benefit R15 000 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 Current 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 R80,00 will apply to Priority Pass card replacements. Priority Pass is for international and domestic lounge access.

2. Customers 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. Unused transactions for the current month will be added to the next month’s transaction limits (i.e. A Gold Value Bundle customer who only uses 2 ATM withdrawals will have 8 ATM transactions in the following month). 4. Joint Home Loans and Home Loans under the Usury Act are excluded. Notes: 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.
  • Back to contents page Page 16 | Pricing Guide Mega U Monthly fees Monthly administration fee No charge Monthly subscription fees – Internet, Cellphone, Telephone Banking No charge Deposits Cheque deposit: Branch counter R16,00 Cheque deposit: Absa ATM No charge Cash deposit: Branch counter No charge if deposit is less than R500. R7,00 + R1,45/R100 of full deposit if deposit is greater than or equal to R500. Cash deposit: Absa ATM First R500 at no charge, thereafter R1,30 per R100 Cardless cash deposit: Cash acceptor First R500 at no charge, thereafter R1,45 per R100 Cash withdrawals Branch counter R40,00 + R1,50/R100 Absa ATM R4,45 Point of sale (POS) R3,95 Absa-supported ATM R7,20 Saswitch ATM/Post Office terminal R7,20 Overseas ATM/POS (1) (5) R50,00 Purchases Prepaid top-up at Absa ATM, POS, Internet, Cellphone, Telephone (IVR) R1,05 POS – local No charge POS – overseas(5) R45,00 Account payments and funds transfers Account payments
  • Absa ATM, Internet, Cellphone, Telephone (IVR)
  • Branch counter
  • Telephone Adviser-assisted R7,50 R40,00 R14,50 Immediate interbank payment
  • Internet, Cellphone, Telephone (IVR)
  • Telephone Adviser-assisted R11,00 + R1,30/R100 (max. R65) R18,00 + R1,30/R100 (max. R65) Youth Banking The 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. 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 customers who bank smartly can bank free of charge. Mega U
  • Back to contents page Page 17 | Pricing Guide Mega U Account payments and funds transfers Debit and stop orders
  • Internal debit orders
  • External debit orders
  • Stop orders No charge R8,00 No charge Funds transfers
  • Absa ATM, Internet, Cellphone, Telephone (IVR)
  • Branch counter
  • Telephone Adviser-assisted No charge R40,00 R7,00 CashSend
  • Absa ATM
  • Internet, Cellphone R7,99 R7,90 + R1,30/R100 Balance enquiries Branch counter R3,35 Absa ATM No charge POS R1,00 Absa-supported ATM R3,35 Saswitch ATM/Post Office terminal R4,00 Overseas ATM/POS R4,00 Internet, Cellphone, Telephone (IVR) No charge Telephone Adviser-assisted R3,35 Statement fees Absa ATM ministatement R2,00 Absa CAT terminal full statement R8,00 Full statement: Branch counter R16,00 Mailed statement R16,00 eStatement(2) No charge Transaction history
  • Enquiry – Internet, Cellphone, Telephone (IVR)(3)
  • Enquiry – Telephone Adviser-assisted(3) No charge R16,00 Archived statements/Tax certificate – Internet R5,50 per statement Copies of statements (per statement)
  • Less than 4 months old
  • 4 months or older R16,00 R40,00 Administration fees Bank cheque R80,00 Stop payments
  • Branch, Internet, Telephone Adviser-assisted R30,00 Stop order establishment/amendment fee
  • Branch, Internet, Telephone Adviser-assisted No charge Special clearance R80,00 Debit Card replacement fee R80,00
  • Back to contents page Page 18 | Pricing Guide Mega U Other fees Notification fee (SMS or email) No charge Dishonoured/returned payment R5,00 Notice of payment (Internet, Cellphone, Telephone)
  • SMS | Email | Fax R0,80 | R0,80 | R6,50 Internet Banking notifications (includes RVN, TVN, logon alert)
  • SMS | Email No charge Declined fee (insufficient funds)(4) R5,00 Returned cheque deposit R80,00 Notes: 1. Cash withdrawals performed at Global Alliance partners: R35,00. 2. Customers 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. 4. Includes the following: Absa ATM, Absa-supported ATM, Saswitch ATM, Post Office, Overseas ATM and POS. 5. A currency conversion fee of 2,75% (of the rand value of the transaction) applies to any transaction outside South Africa.
Back to contents page Page 19 | Pricing Guide Student Banking Student Silver EasyFee option Monthly fee Number of transactions included Fee per transaction thereafter Option 1 R17,50 Unlimited N/A Student Silver A Student Silver Current Account is the most cost-effective way to bank while you are a student. For as little as R17,50 a 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 R17,50 a month. 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(2)
  • 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. Customers can register for eStatements by logging onto 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. Excludes Cardless cash deposits

  • Back to contents page Page 20 | Pricing Guide Flexi Account (Seniors) Pricing options Seniors Rebate Banking(1) minimum balance R5 000 Monthly fees Monthly administration fee R15,00 Monthly subscription fees – Internet, Cellphone, Telephone Banking No charge Deposits Cheque deposit: Branch counter R16,00 Cheque deposit: Absa ATM No charge Cash deposit: Branch counter R7,00 + R1,45/R100 Cash deposit: Absa ATM R3,00 + R1,30/R100 Cardless cash deposit: Cash acceptor R5,25 + R1,45/R100 Cash withdrawals Branch counter R40,00 + R1,50/R100 Absa ATM R3,95 + R1,30/R100 Point of sale (POS) R3,95 Absa-supported ATM R6,95 + R1,30/R100 Saswitch ATM/Post Office terminal R9,95 + R1,30/R100 Overseas ATM/POS (2) (6) R50,00 Purchases Prepaid top-up at Absa ATM, POS, Internet, Cellphone, Telephone (IVR) R1,05 POS – local R2,65 POS – overseas(6) R9,75 + R0,75/R100 (max. R45) Account payments and funds transfers Account payments
  • Absa ATM
  • Internet, Cellphone, Telephone (IVR)
  • Branch counter
  • Telephone Adviser-assisted R7,50 R7,50 R40,00 R14,50 Immediate interbank payment
  • Internet, Cellphone, Telephone (IVR)
  • Telephone Adviser-assisted R11,00 + R1,30/R100 (max. R65) R18,00 + R1,30/R100 (max. R65) Debit and stop orders
  • Internal debit orders
  • External debit orders
  • Stop orders No charge R8,00 No charge Seniors Banking Flexi Account Seniors offering
  • Back to contents page Page 21 | Pricing Guide Flexi Account (Seniors) Account payments and funds transfers Funds transfers
  • Absa ATM
  • Internet, Cellphone, Telephone (IVR)
  • Branch counter
  • Telephone Adviser-assisted No charge No charge R40,00 R7,00 CashSend
  • Absa ATM
  • Internet, Cellphone R7,90 + R1,30/R100 R7,90 + R1,30/R100 Balance enquiries Branch counter R3,35 Absa ATM R1,50 POS R1,00 Absa-supported ATM R3,35 Saswitch ATM/Post Office terminal R4,00 Overseas ATM/POS R4,00 Internet, Cellphone, Telephone (IVR) No charge Telephone Adviser-assisted R3,35 Statement fees Absa ATM ministatement R4,00 Absa CAT terminal full statement R8,00 Full statement: Branch counter R16,00 Mailed statement R16,00 eStatement(3) No charge Transaction history
  • Enquiry – Internet, Cellphone, Telephone (IVR)(4)
  • Enquiry – Telephone Adviser-assisted(4) No charge R16,00 Archived statements/Tax certificate – Internet R5,50 per statement Copies of statements (per statement)
  • Less than 4 months old
  • 4 months or older R16,00 R40,00 Administration fees Bank cheque R80,00 Stop payments
  • Branch, Internet, Telephone Adviser-assisted R30,00 Stop order establishment/amendment fee
  • Branch, Internet, Telephone Adviser-assisted No charge Special clearance R80,00 Debit Card replacement fee R80,00
  • Back to contents page Page 22 | Pricing Guide Flexi Account (Seniors) Other fees Notification fee (SMS or email) R0,55 Dishonoured/returned payment R5,00 Notice of payment (Internet, Cellphone, Telephone)
  • SMS | Email | Fax R0,80 | R0,80 | R6,50 Internet Banking notifications (includes RVN, TVN, logon alert)
  • SMS | Email No charge Declined fee (insufficient funds)(5) R5,00 Returned cheque deposit R80,00 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. Cash withdrawals performed at Global Alliance partners: R35,00. 3. Customers 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. Includes the following: Absa ATM, Absa-supported ATM, Saswitch ATM, Post Office, Overseas ATM and POS. 6. A currency conversion fee of 2,75% (of the rand value of the transaction) applies to any transaction outside South Africa.

Back to contents page Page 23 | Pricing Guide Rebate Banking Minimum monthly account balance N/A Maximum rebate amount R500,00 No minimum balance is needed to be maintained in the account. However, one of the following investments must be maintained with Absa to qualify for rebates:
  • 12-month (or longer) fixed deposit
  • 12- to 18-month bonus deposit
  • Linked Rate deposit
  • MoneyBuilder
  • Money Market Fund
  • Investment Advantage
  • Depositor Plus
  • TruSave
  • Notice Select
  • Tax-free Savings R15 000 R15 000 R15 000 R15 000 R20 000 R20 000 R20 000 R15 000 R20 000 R20 000 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 invest R15 000 or more you have access to the Prosperity Rebate Banking option, where you receive up to R500,00 a month of daily banking transactions free of charge. As a Prosperity customer, 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. In addition to rebates on the Current Account, Prosperity customers will benefit from a concession on 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.

  • 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. Transactions exempt with Rebate Banking Transaction types Monthly fees Purchases Monthly account fee Prepaid top-up: Absa ATM/POS Deposits Cheque deposit: Branch counter/Absa ATM POS – local Cash deposit: Branch counter/Absa ATM Funds transfers Cash withdrawals Branch counter Branch counter Absa ATM Absa ATM Balance enquiries Point of sale (POS) – local Absa ATM Account payments Statement fees
  • Absa ATM
  • Branch counter Absa ATM ministatement Other fees Debit orders and stop orders
  • Internal debit orders
  • External debit orders
  • Stop orders Notification fee (SMS or email) Cheque encashment Cheques issued Chequebooks (20, 30, carbon, 40)
  • Back to contents page Page 24 | Pricing Guide Islamic Youth Monthly fees Monthly administration fee No charge Monthly subscription fees – Internet, Cellphone, Telephone Banking No charge Deposits Cheque deposit: Branch counter R16,00 Cheque deposit: Absa ATM No charge Cash deposit: Branch counter No charge if deposit is less than R500. R7,00 + R1,45/R100 of full deposit if deposit is greater than or equal to R500. Cash deposit: Absa ATM First R500 at no charge, thereafter R1,30 per R100 Cardless cash deposit: Cash acceptor First R500 at no charge, thereafter R1,45 per R100 Cash withdrawals Branch counter R40,00 + R1,50/R100 Absa ATM R4,45 Point of sale (POS) R3,95 Absa-supported ATM R7,20 Saswitch ATM/Post Office terminal R7,20 Overseas ATM/POS (1) (5) R50,00 Purchases Prepaid top-up at Absa ATM, POS, Internet, Cellphone, Telephone (IVR) R1,05 POS – local No charge POS – overseas(5) R45,00 Account payments and funds transfers Account payments
  • Absa ATM, Internet, Cellphone, Telephone (IVR)
  • Branch counter
  • Telephone Adviser-assisted R7,50 R40,00 R14,50 Immediate interbank payment
  • Internet, Cellphone, Telephone (IVR)
  • Telephone Adviser-assisted R11,00 + R1,30/R100 (max. R65) R18,00 + R1,30/R100 (max. R65) 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.

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 customers who bank smartly can bank free of charge.

  • Back to contents page Page 25 | Pricing Guide Islamic Youth Account payments and funds transfers Debit and stop orders
  • Internal debit orders
  • External debit orders
  • Stop orders No charge R8,00 No charge Funds transfers
  • Absa ATM, Internet, Cellphone, Telephone (IVR)
  • Branch counter
  • Telephone Adviser-assisted No charge R40,00 R7,00 CashSend
  • Absa ATM
  • Internet, Cellphone R7,99 R7,90 + R1,30/R100 Balance enquiries Branch counter R3,35 Absa ATM No charge POS R1,00 Absa-supported ATM R3,35 Saswitch ATM/Post Office terminal R4,00 Overseas ATM/POS R4,00 Internet, Cellphone, Telephone (IVR) No charge Telephone Adviser-assisted R3,35 Statement fees Absa ATM ministatement R2,00 Absa CAT terminal full statement R8,00 Full statement: Branch counter R16,00 Mailed statement R16,00 eStatement(2) No charge Transaction history
  • Enquiry – Internet, Cellphone, Telephone (IVR)(3)
  • Enquiry – Telephone Adviser-assisted(3) No charge R16,00 Archived statements/Tax certificate – Internet R5,50 per statement Copies of statements (per statement)
  • Less than 4 months old
  • 4 months or older R16,00 R40,00 Administration fees Bank cheque R80,00 Stop payments
  • Branch, Internet, Telephone Adviser-assisted R30,00 Stop order establishment/amendment fee
  • Branch, Internet, Telephone Adviser-assisted No charge Special clearance R80,00 Debit Card replacement fee R80,00
  • Back to contents page Page 26 | Pricing Guide Islamic Youth Other fees Notification fee (SMS or email) No charge Dishonoured/returned payment R5,00 Notice of payment (Internet, Cellphone, Telephone)
  • SMS | Email | Fax R0,80 | R0,80 | R6,50 Internet Banking notifications (includes RVN, TVN, logon alert)
  • SMS | Email No charge Declined fee (insufficient funds)(4) R5,00 Returned cheque deposit R80,00 Notes: 1. Cash withdrawals performed at Global Alliance partners: R35,00. 2. Customers 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. 4. Includes the following: Absa ATM, Absa-supported ATM, Saswitch ATM, Post Office, Overseas ATM and POS. 5. A currency conversion fee of 2,75% (of the rand value of the transaction) applies to any transaction outside South Africa.
  • Back to contents page Page 27 | Pricing Guide Islamic Savings Pricing options Standard fee √ Rebate Banking(1) minimum balance R15 000 Monthly fees Monthly administration fee R18,00 Monthly subscription fees – Internet, Cellphone, Telephone Banking No charge Deposits Cheque deposit: Branch counter R16,00 Cheque deposit: Absa ATM No charge Cash deposit: Branch counter R7,00 + R1,45/R100 Cash deposit: Absa ATM R3,00 + R1,30/R100 Cardless cash deposit: Cash acceptor R5,25 + R1,45/R100 Cash withdrawals Branch counter R40,00 + R1,50/R100 (max. R750) Absa ATM R3,95 + R1,30/R100 Point of sale (POS) R3,95 Absa-supported ATM R6,95 + R1,30/R100 Saswitch ATM/Post Office terminal R9,95 + R1,30/R100 Overseas ATM/POS(2) (6) R50,00 Purchases Prepaid top-up at Absa ATM, POS, Internet, Cellphone, Telephone (IVR) R1,05 POS – local R3,85 POS – overseas(6) R9,75 + R0,75/R100 (max. R45) Account payments and funds transfers Account payments
  • Absa ATM
  • Internet, Cellphone, Telephone (IVR)
  • Branch counter
  • Telephone Adviser-assisted R7,50 R7,50 R40,00 R14,50 Immediate interbank payments
  • Internet, Cellphone, Telephone (IVR)
  • Telephone Adviser-assisted R11,00 + R1,30/R100 (max. R65) R18,00 + R1,30/R100 (max. R65) Debit and stop orders
  • Internal debit orders
  • External debit orders
  • Stop orders No charge R8,00 No charge 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 R15 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.

  • Back to contents page Page 28 | Pricing Guide Islamic Savings Account payments and funds transfers Funds transfers
  • Absa ATM
  • Internet, Cellphone, Telephone (IVR)
  • Branch counter
  • Telephone Adviser-assisted No charge No charge R40,00 R7,00 CashSend
  • Absa ATM
  • Internet, Cellphone R7,90 + R1,30/R100 R7,90 + R1,30/R100 Balance enquiries Branch counter R3,35 Absa ATM R1,50 POS R1,00 Absa-supported ATM R3,35 Saswitch ATM/Post Office terminal R4,00 Overseas ATM/POS R4,00 Internet, Cellphone, Telephone (IVR) No charge Telephone Adviser-assisted R3,35 Statement fees Absa ATM ministatement R4,00 Absa CAT terminal full statement R8,00 Full statement: Branch counter R16,00 Mailed statement R16,00 eStatement(3) No charge Transaction history
  • Enquiry – Internet, Cellphone, Telephone (IVR)(4)
  • Enquiry – Telephone Adviser-assisted(4) No charge R16,00 Archived statements/Tax certificate – Internet R5,50 per statement Copies of statements (per statement)
  • Less than 4 months old
  • 4 months or older R16,00 R40,00 Administration fees Bank cheque R80,00 Stop payments
  • Branch, Internet, Telephone Adviser-assisted R30,00 Stop order establishment/Amendment fee
  • Branch, Internet, Telephone Adviser-assisted No charge Special clearance R80,00 Debit Card replacement fee R80,00
  • Back to contents page Page 29 | Pricing Guide Islamic Savings Other fees Notification fee (SMS or email) R0,55 Dishonoured/Returned payment R5,00 Notice of payment (Internet, Cellphone, Telephone)
  • SMS | Email | Fax R0,80 | R0,80 | R6,50 Internet Banking notifications (includes RVN, TVN, logon alert)
  • SMS | Email No charge Declined fee (insufficient funds)(5) R5,00 Returned cheque deposit R80,00 Notes: 1. Fees shaded indicate that no charge will be levied on this transaction when the minimum monthly account balance of R15 000 is maintained throughout the month.

2. Cash withdrawals performed at Global Alliance partners: R35,00. 3. Customers 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. Includes the following: Absa ATM, Absa-supported ATM, Saswitch ATM, Post Office, Overseas ATM and POS. 6. A currency conversion fee of 2,75% (of the rand value of the transaction) applies to any transaction outside South Africa.

Back to contents page Page 30 | Pricing Guide 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 Flexi, Gold or Platinum Value Bundle pricing option. Bank from as little as R49,00 a 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-you-transact pricing table on page 45. Flexi Value Bundle Gold Value Bundle Platinum Value Bundle Monthly fees Monthly service fees R49,00 R98,00 R149,00 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 = 30% discount N/A N/A N/A R88,20 R78,40 R68,60 R134,10 R119,20 R104,30 Monthly subscription fees – Internet, Cellphone, Telephone Banking No charge No charge No charge Priority Pass monthly fee (optional)(1) N/A N/A R59,00 Transactions included Absa ATM cash deposits
  • Cash deposit: Absa ATM
  • Cash deposit: Cash acceptor
  • Cardless cash deposit: Cash acceptor N/A 5 5 Absa ATM cash withdrawals
  • Cash withdrawals Absa ATM 3 5 7 Debit Card purchases and withdrawals
  • Debit and Cheque Card purchases
  • Point-of-sale (POS) cash withdrawals 8 Unlimited Unlimited Electronic account and beneficiary payments
  • Account payments via Absa ATM, Internet, Cellphone, Telephone (IVR)
  • External debit orders 11 Unlimited Unlimited Funds transfers and internal payments
  • Funds transfers via Absa ATM, Internet, Cellphone, Telephone (IVR)
  • Internal debit orders
  • Stop orders Unlimited Unlimited Unlimited Electronic information enquiries
  • Statement – Absa ATM, Internet and Telephone (IVR)
  • Balance enquiries – Absa ATM, POS, Internet, Cellphone and Telephone (IVR) Unlimited Unlimited Unlimited Notification fee (SMS or email) No charge No charge No charge eStatement(2) No charge No charge No charge Roll-over of unused transactions(3) N/A 1 month 1 month

Back to contents page Page 31 | Pricing Guide Flexi Value Bundle Gold Value Bundle Platinum Value Bundle Cross-product benefits Cash back for your Credit Card* N/A R19,00 R41,00 Cash back for your Home Loan(4)* N/A R15,00 R20,00 Cash back for your Vehicle Finance N/A R5,00 R5,00 Additional features Spouse discount on monthly service fees N/A 50% 50% Lump sum Takaful benefit R3 000 R15 000 R20 000 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 R80,00 will apply to Priority Pass card replacements. Priority Pass is for international and domestic lounge access. 2. Customers 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. Unused transactions for the current month will be added to the next month’s transaction limits (i.e. a Gold Value Bundle customer who only uses 2 ATM withdrawals will have 8 ATM transactions in the folllowing month).

4. Joint Home Loans and Home Loans under the Usury Act are excluded.* * Not Shariah-compliant. Notes: 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. 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 Current account as per pricing table on page 45.
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