Wealth Management - Absa | Investment Management
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Wealth Management Confidence is a feeling with style 2018 Pricing
Contents Introduction 3 Know how to get the best value for your money Bringing the bank to you – anytime, anywhere Wealth Personal Cheque Accounts Wealth Personal Credit Cards Wealth Personal Cheque Accounts 6 Pricing options • Exceller and Marhaba Packages • Pay-as-you-transact (PAYT) • Personalised Management Fee (PMF) Wealth Personal Credit Cards 12 Visa World MasterCard® Visa Infinite Wealth Business Cheque Accounts 15 Pricing options • Pay-as-you-transact (PAYT) • Personalised Management Fee (PMF) Absa Online, Mobile and Telephone Banking for Business 21 Wealth Assist 23 Other products 25
Introduction
Know how to get the best value for your money
We value our relationship with you. That is why you enjoy the services of a dedicated Wealth Banker who, together with a team of
experts, is able to tailor our products to suit your individual needs.
This pricing guide is designed to help you understand your bank charges, so that you can benefit from banking that suits your lifestyle.
It covers the most commonly used transactions and provides their prices (including VAT), which are effective from 1 January 2018.
Should you require more information to assist you in selecting the most suitable pricing option for your banking needs or have any
further queries, please contact your Wealth Banker.
wealthassist@absa.co.za | 0860 265 265
Terms and conditions apply to all of our products.
Bringing the bank to you – anytime, anywhere
Absa Wealth Management allows you to choose how you do your banking. That is why we offer you the flexibility and convenience
of our Absa Online, banking app, Mobile and Telephone Banking channels. All of these digital channels remain free of any monthly
subscription fees, which means that you can choose to bank using your computer, smartphone, telephone or tablet without worrying
about additional subscription fees prior to transacting. You enjoy free access, however, transaction fees may apply.
Digital channels
Use our secure digital channels to perform these day-to-day transactions safely and securely:
• Setting up scheduled payments and transfers to third parties
• Sending cash instantly using our immediate interbank payment service
• Retrieving historic statements as far back as two years
• Opening savings and investment accounts – just click to save
• Setting up second-person access – to make payments on your behalf in a safe and secure environment.
Dedicated service suite via Wealth Assist 24/7
Ask us for help with:
• General banking queries
• Banking transactions such as payments done on behalf of clients to third parties
• Office bank letters such as visa letters for international travel and much more.
Wealth Personal Cheque Accounts
The cheque account offered by Absa Wealth Management gives you the convenience and simplicity of being able to manage all of your financial needs with ease.
your financial needs with ease.
Wealth Personal Cheque Account
Wealth Personal Cheque Account
This account offers you:
•ThisFree
account offers
access you:
to our secure self-service channels such as our banking app, Telephone Banking and Absa Online, allowing you to bank from anywhere
Free access
• Access to ourAssist,
to Wealth secureour
self-service
exclusivechannels such as our banking app, Telephone Banking and Absa Online,
service suite
allowing
• Free you to bank
eStatements from anywhere
emailed monthly
Access
• Free to Wealth
NotifyMe Assist,
to alert our
you toexclusive service
any activity suiteaccount
on your
Free eStatements
• Flexible emailed
pricing options monthly
to ensure you get the product that suits you best.
• Free NotifyMe to alert you to any activity on your account
• Flexible pricing options to ensure you get the product that suits you best.
3Exceller Package
This package offers you:
• A fixed monthly fee for our value-added bundle offering
• World MasterCard® Credit Card, with the option of both debit and credit functionality
• No monthly card fees
• Access to Wealth Assist, our exclusive service suite
• Free Absa Online, our banking app and Telephone Banking.
Marhaba Package*
This package offers you:
• A fixed monthly fee for our value-added bundle offering
• World MasterCard® Debit Card
• No monthly card fees
• Access to Wealth Assist, our exclusive service suite
• Free Absa Online, our banking app and Telephone Banking.
*Marhaba Package is designed according to Shari’ah Law and approved by Absa Islamic Banking.
Wealth Personal Credit Cards
Wealth Management currently offers three credit cards:
1. Visa
2. World MasterCard®
3. Visa Infinite
Visa
Key features and benefits
• Global emergency assistance, which includes card and cash replacement
• Domestic and international airport lounge access, with unlimited access to all Bidvest Premier Lounges in South Africa
• Basic travel insurance
• Purchase Protection
• Extended Warranty Protection.
4World MasterCard®
The World MasterCard® is linked to the Exceller or Marhaba Package and is designed for the discerning traveller.
Key features and benefits
• Global emergency assistance, which offers emergency card and cash replacement
• Global airport concierge to meet and assist you, as well as fast-track immigration
• Domestic airport lounge access, which includes unlimited access to all Bidvest Premier Lounges
• MasterCard® Luxury Hotels offer you exclusive benefits and discounts at over 500 luxury hotels worldwide
• Comprehensive travel insurance covers you against lost or delayed baggage and trip delay or curtailment
• MasterCard® Global Concierge – a global 24-hour assistance service offering benefits such as travel bookings,
restaurant reservations and event tickets
• Travel accident and medical emergencies – provides cover in the event of a personal accident, medical emergency,
evacuation and repatriation
• Purchase Protection – short-term insurance against loss, theft or specific causes of accidental damage to goods purchased
with your MasterCard®.
Visa Infinite Credit Card
Key features and benefits
• 1% cash back on all of your qualifying spend
• Access to over 800 premium lounges all over the world through LoungeKey™
• Travel Insurance of up to US$2,5 million dollars, Purchase Protection (no excess), Extended Warranty (up to US$20 000) and Collision
Damage (up to US$10 000 when travelling internationally; US$5 000 on domestic trips)
• Access to a 24/7 Global Client Service Centre
• A concierge service for restaurant bookings, car hire, tourist activities, local services, hotels, events and concerts
• VIP rates, room upgrades and complimentary services at a curated collection of 900 hotels through the Visa Luxury Hotel Collection
• Hilton Hotel benefits through Hilton Honors, which include quick reservations, bonus points and room upgrades – automatically enrolled to Gold status
• Car rental discounts through Avis of up to 35% on standard rates and 30% on international leisure rates
• Specialist airport meet-and-assist services with yQ
• Optional linkage to Absa Rewards.
The benefits are infinite
and comprehensive
Providing for those seeking exclusive travel
and lifestyle benefits
5Wealth Management
The exclusivity of the Wealth Personal
Cheque Account is defined by excellence
Wealth Personal Cheque Accounts
Debit
The exclusivity of the
Wealth Personal
Cheque Account
from R90
a month
Travel with a prepaid
Multi-currency Cash
Passport™ card
Terms and conditions apply
6Wealth Personal Cheque Accounts
Pricing options
There are three pricing options to choose from:
Bundled pricing option via the Exceller or Marhaba Packages
With the Exceller and Marhaba* Packages, you pay a fixed monthly fee that includes an unlimited number of pre-selected transactions on your credit card and cheque account, as well as a number
of value-added benefits. The packages also allow for numerous discounts and rebates on associated lifestyle benefits.
Pay-as-you-transact (PAYT)
With this option, all transactions are charged separately on a Pay-as-you-transact basis.
Personalised Management Fee (PMF)
Your Wealth Banker will negotiate a tailor-made management fee that will include a set of services and transactions provided by Absa.
Terms and conditions apply.
*The Marhaba Package is designed according to Shari’ah Law and is approved by Absa Islamic Banking.
Exceller/Marhaba Packages Wealth Personal Cheque Account
PAYT PMF
Monthly subscription fees
Monthly fee
• Basic monthly fee R420,00 (Exceller), R355,00 (Marhaba) R90,00 Determined by banker
• Monthly fee when linked to Private One(1) R490,00 (Exceller only) N/A N/A
Absa Online subscription Included Included Included
Absa Rewards (if registered)(2) Included R23,00 R23,00
Fees per transaction
Deposits
Cheque deposit: Branch counter R40,00 R40,00 R40,00
Cheque deposit: Absa ATM No charge No charge No charge
Cash deposit: Branch counter R8,00 + 1,60% of deposit value (min R35,00) R8,00 + 1,60% of deposit value (min R35,00) R8,00 + 1,60% of deposit value (min R35,00)
Cash deposit: Absa ATM Included R4,50 + R1,40/R100 Included
Cardless deposits at Absa ATM(3) R6,00 + 1,60% of deposit value R6,00 + 1,60% of deposit value R6,00 + 1,60% of deposit value
7Wealth Personal Cheque Accounts
Exceller/Marhaba Packages Wealth Personal Cheque Account
PAYT PMF
Fees per transaction
Cash withdrawals
Branch counter R60,00 + R1,65/R100 R60,00 + R1,65/R100 R60,00 + R1,65/R100
Absa ATM Included R4,50 + R1,40/R100 Included
Local Point of sale (POS) R4,50 R4,50 R4,50
Absa-supported ATM Included R7,50 + R1,40/R100 R7,50 + R1,40/R100
Saswitch ATM Included R10,50 + R1,40/R100 R10,50 + R1,40/R100
International ATM/POS/Barclays ATM (4)
R60,00 R60,00 R60,00
Global Alliance Partnerships ATM(4) Included R45,00 R45,00
R60,00 + R1,65/R100 R60,00 + R1,65/R100 R60,00 + R1,65/R100
Cheque encashment
Plus cheque issued fee Plus cheque issued fee Plus cheque issued fee
Fees per transaction
Purchases
Prepaid Top-up
• Absa ATM/POS, Absa Online,
Mobile, Telephone (IVR) R1,50 R1,50 R1,50
• Absa-supported ATM R4,50 R4,50 R4,50
• Saswitch ATM R7,50 R7,50 R7,50
Local POS Included R3,85 R3,85
International POS (4)
R3,85 R3,85 R3,85
Account payments and funds transfers
Account payments
• Absa ATM, Absa Online,
Mobile, Telephone (IVR) Included R8,50 Included
• Online account verification R6,00 R6,00 R6,00
• Branch counter R60,00 R60,00 R60,00
• Telephone Banking: Adviser-assisted R15,50 R15,50 R15,50
8Wealth Personal Cheque Accounts
Exceller/Marhaba Packages Wealth Personal Cheque Account
PAYT PMF
Fees per transaction
Immediate interbank payments
• Absa Online, Mobile, Telephone (IVR) R60,00 R60,00 R60,00
• Telephone Banking: Adviser-assisted R67,00 R67,00 R67,00
Debit and stop orders
• Internal to Absa – debit orders No charge No charge No charge
• Internal to Absa – stop orders Included No charge No charge
• External stop orders Included No charge No charge
• External debit orders Included R18,00 Included
Funds transfers
• Absa ATM Included No charge No charge
• Absa Online, Mobile, Telephone (IVR) No charge No charge No charge
• Branch counter R60,00 R60,00 R60,00
• Telephone Banking: Adviser-assisted R7,00 R7,00 R7,00
CashSend
• Absa ATM Included R8,50 + R1,40/R100 Included
• Absa Online/Mobile R8,50 + R1,40/R100 R8,50 + R1,40/R100 R8,50 + R1,40/R100
Cheques issued R100,00 R100,00 R100,00
Balance enquiries
Branch counter R7,00 R7,00 R7,00
Absa ATM Included R1,75 Included
Local POS Included R1,75 R1,75
Absa-supported ATM Included R4,25 R4,25
Saswitch ATM Included R7,00 R7,00
International ATM/POS/Barclays ATM R7,00 R7,00 R7,00
Absa Online, Mobile, Telephone (IVR) No charge No charge No charge
Telephone Banking: Adviser-assisted R7,00 R7,00 R7,00
9Wealth Personal Cheque Accounts
Exceller/Marhaba Packages Wealth Personal Cheque Account
PAYT PMF
Fees per transaction
Absa ATM
• Ministatement Included R7,00 Included
• Full statement R14,00 R14,00 R14,00
Branch counter
• Ministatement R14,00 R14,00 R14,00
• Full statement R28,00 R28,00 R28,00
Mailed statement R28,00 R28,00 R28,00
eStatement No charge No charge No charge
Transaction history
• Enquiry – Absa Online, Mobile,
Telephone (IVR) No charge No charge No charge
Enquiry
• Telephone Adviser-assisted R28,00 R28,00 R28,00
• Email R2,00 R2,00 R2,00
• Fax R12,00 R12,00 R12,00
Archived statements/Tax certificates
• Absa Online R7,00 (per statement) R7,00 (per statement) R7,00 (per statement)
Copies of statements (per statement)
• Less than 4 months old R28,00 R28,00 R28,00
• 4 months or older R60,00 R60,00 R60,00
Administration fees
Bank cheque/Marked cheque R125,00 R125,00 R125,00
Stop payment
• Branch, Telephone Adviser-assisted R60,00 R60,00 R60,00
• Absa Online R30,00 R30,00 R30,00
Stop orders establishment/Amendment
• Branch, Absa Online,
Telephone Adviser-assisted No charge No charge No charge
Special clearance R125,00 R125,00 R125,00
Debit card replacement fee
• Chip and PIN/Magstrip R140,00 R140,00 R140,00
Debit card – Face-Face delivery R175,00 R175,00 R175,00
10Wealth Personal Cheque Accounts
Exceller/Marhaba Packages Wealth Personal Cheque Account
PAYT PMF
Fees per transaction
Other fees
Notice of payments and reminders(5)
• SMS R1,25 R1,25 R1,25
• Email R1,25 R1,25 R1,25
• Fax R12,00 R12,00 R12,00
NotifyMe (SMS or email notification fee) Included R0,55 Included
Overdraft ledger fee (monthly)(6)
• Provision of overdraft on the account Included R68,40 R68,40
Unauthorised debit balance fee(7) R100,00 R100,00 R100,00
Honouring fee (8)
R60,00 R60,00 R60,00
Dishonoured/Returned payment(9) R50,00 R50,00 R50,00
RD cheque R150,00 R150,00 R150,00
Absa Online notifications
(includes RVN, TVN, logon alert)
• SMS | Email No charge No charge No charge
Declined fee (insufficient funds) R6,00 R6,00 R6,00
Returned cheque deposit R125,00 R125,00 R125,00
Debit orders disputed
• Online before 40 days lapsed No charge No charge No charge
• In branch before 40 days lapsed R30,00 R30,00 R30,00
• In branch after 40 days lapsed R145,00 R145,00 R145,00
DragonPass(10) Six (6) visits included in the monthly fee N/A N/A
Notes:
1. Private One is a loan account linked to a transactional account.
2. The subscription fee for Absa Rewards is included only on the Exceller and Marhaba Packages.
3. Cardless ATM cash deposits: A service that gives Absa and non-Absa customers the ability to make cash deposits into any Absa transactional account at any Cash Accepting Absa ATMs, without requiring
the use of an Absa Debit Card.
4. A currency conversion fee of 2,75% (of the rand value of the transaction) applies to any transaction outside South Africa.
5. When making payments, digital banking users can opt to send a notice of payment to a third party or to themselves. Each notice of payment will be charged for separately.
6. Overdraft is excluded on the Marhaba Package.
7. An unauthorised debit balance fee is applicable when an account without an approved limit goes into a debit position.
8. An honouring fee will be charged for each transaction paid against uncleared funds or when we allow payments in excess of the available funds on the account.
9. R50,00 per unpaid item increasing to R150,00 from the fourth occurrence within 12 months.
10. The first six visits per annum via DragonPass are included in the monthly fee. Visits in excess of six will be charged at a fixed rand value of R185,00 for domestic lounges and R330,00 for international lounges.
11Wealth Management
Visa Infinite, as extraordinary as you are.
Wealth Personal Credit Cards
Visa Infinite
Extraordinary
by design
for R350
a month
Embedded LoungeKeyTM
access to 800 lounges
across the world
Exclusive benefits and
discounts at over
900 luxury
hotels worldwide
Terms and conditions apply
12Wealth Personal Credit Cards
Visa Infinite World MasterCard® Visa
Monthly subscription fees
Monthly membership fee R350,00 N/A N/A
Absa Rewards (if registered) N/A Included R23,00
Fees per transaction
Free transactions, services and channels
Initiation fee No charge No charge No charge
Issue of cards
Secondary Card No charge No charge No charge
Garage Card No charge No charge No charge
Stand-alone Garage Card No charge No charge No charge
Card courier delivery No charge No charge No charge
Purchases
Credit Card purchases No charge No charge No charge
Garage Card transaction fee No charge No charge No charge
Account payments and funds transfers
Transfers: Absa ATM and branch counter No charge No charge No charge
Account payments: Absa ATM No charge No charge No charge
Charged transactions, services and channels
24-hour delivery R455,00 R455,00 R455,00
Invalid disputes
• Domestic R50,00 R50,00 R50,00
• International R120,00 R120,00 R120,00
Duplicate statement fee per request and per page R5,00 and R1,00 per page (max R50,00) R5,00 and R1,00 per page (max R50,00) R5,00 and R1,00 per page (max R50,00)
Absa ATM ministatement Included Included Included
Bank cheque Included R125,00 R125,00
Currency conversion fee (1)
2,75% 2,75% 2,75%
Card replacement fee(2) Included R140,00 R140,00
Lost card administration fee (2)
Included R140,00 R140,00
13Wealth Personal Credit Cards
Visa Infinite World MasterCard® Visa
Fees per transaction
Deposits
Cash deposit: Absa ATM R4,50 + R1,40/R100 R4,50 + R1,40/R100 R4,50 + R1,40/R100
Cash deposit: Branch counter R8,00 + R1,60/R100 (min R35,00) R8,00 + R1,60/R100 (min R35,00) R8,00 + R1,60/R100 (min R35,00)
Cheque deposits
Branch counter R40,00 R40,00 R40,00
Absa ATM No charge No charge No charge
Cash withdrawals
Absa ATM Included No charge No charge
Absa-supported ATM Included R7,50 + R1,40/R100 R7,50 + R1,40/R100
Saswitch ATM Included R10,50 + R1,40/R100 R10,50 + R1,40/R100
Branch Included No charge No charge
International ATM(1) Included R60,00 R60,00
Point of sale (POS) Local Included No charge No charge
Balance enquiries
Absa ATM Included Included Included
Saswitch ATM Included R7,00 R7,00
International ATM Included R7,00 R7,00
Absa-supported ATM Included R4,25 R4,25
Notifications
NotifyMe (SMS or email notification fee) Included Included R0,55
Other fees
Airport personal lounge access
• Wealth Credit Card: Bidvest Premier Lounge No charge No charge No charge
Note:
1. A currency conversion fee of 2,75% (of the rand value of the transaction) applies to any transaction outside South Africa.
2. We may charge a replacement card fee or lost card administration fee at our own discretion.
14Wealth Management
Wealth Business is tailored for you
Wealth Business Cheque Accounts
Make a
comfortable
choice with
Wealth
Business
at a price
to suit you
Free eStatements
every month
Free stop order
establishment
and amendment
Terms and conditions apply
15Wealth Business Cheque Accounts
Pricing options
These fees are applicable to the Wealth Business, Sole Proprietor, Trust and Call Accounts.
Pay-as-you-transact (PAYT)
On this service fee option your business is charged a specific fee for every transaction performed.
Personalised Management Fee (PMF)
The Personalised Management Fee is a pricing option that is based on your overall proposition and use of the account as agreed with your Wealth Banker.
PAYT PMF
Monthly subscription fees
Monthly membership fee N/A Determined by banker
Fees per transaction
Practice Management Account(1)
Monthly transactional account fee R98,00 N/A
Transaction Fee per transaction (Pay-as-you-transact) Personalised Management Fee
Deposits
Cheque deposit: Branch counter R40,00 Included
Cheque deposit: Absa ATM No charge No charge
Cash deposit: Branch counter R8,00 + 1,60% of deposit value (min R35,00) R8,00 + 1,60% of deposit value (min R35,00)
Cash deposit: Absa ATM R4,50 + R1,40/R100 Included
Cardless cash deposit: Absa ATM (2)
R6,00 + R1,60% of deposit value R6,00 + R1,60% of deposit value
16Wealth Business Cheque Accounts
PAYT PMF
Fees per transaction
Cash withdrawals
Branch counter R60,00 + R1,65/R100 Included
Absa ATM R4,50 + R1,40/R100 Included
Local Point of sale (POS) R4,50 Included
Absa-supported ATM R7,50 + R1,40/R100 R7,50 + R1,40/R100
International ATM/POS/ Barclays ATM(3) R60,00 R60,00
Global Alliance Partnerships ATM(3) R45,00 R45,00
R60,00 + R1,65/R100 Included
Cheque encashment
Plus cheque issued fee Plus cheque issued fee
Purchases
Prepaid Top-up
• Absa ATM/POS, Absa Online, Mobile, Telephone (IVR) R1,50 R1,50
• Absa-supported ATM R4,50 R4,50
• Saswitch ATM R7,50 R7,50
Local POS R3,85 Included
International POS(3) R3,85 R3,85
Account payments and funds transfers
Account payments
• Absa ATM, Absa Online, Mobile, Telephone (IVR) R8,50 Included
• Account verification online R6,00 R6,00
• Branch counter R60,00 R60,00
• Telephone Banking: Adviser-assisted R15,50 R15,50
Immediate interbank payments
• Absa Online, Mobile, Telephone (IVR) R75,00 R75,00
• Telephone Banking: Adviser-assisted R82,00 R82,00
Debit and stop orders
• Internal to Absa – debit orders No charge No charge
• Internal to Absa – stop orders No charge No charge
• External stop orders No charge No charge
• External debit orders R18,50 Included
17Wealth Business Cheque Accounts
PAYT PMF
Fees per transaction
Account payments and funds transfers
Funds transfers
• Absa ATM, Absa Online, Mobile, Telephone (IVR) No charge No charge
• Branch counter R60,00 R60,00
• Telephone Banking: Adviser-assisted R10,85 R10,85
CashSend (Absa ATM) R8,50 + R1,40/R100 Included
Cheques issued R100,00 R100,00
Balance enquiries
Branch counter R7,00 R7,00
Absa ATM R1,75 Included
Local POS R1,75 R1,75
Absa-supported ATM R4,25 R4,25
Saswitch ATM R7,00 R7,00
International ATM/POS/ Barclays ATM R7,00 R7,00
Absa Online, Mobile, Telephone (IVR) No charge No charge
Telephone Banking: Adviser-assisted R7,00 R7,00
Statements
Absa ATM
• Ministatement R7,00 Included
• Full statement R14,00 R14,00
Branch counter
• Ministatement R14,00 R14,00
• Full statement R28,00 R28,00
Mailed statement R28,00 R28,00
eStatements No charge No charge
Transaction history
Enquiry – Absa Online, Mobile, Telephone (IVR) No charge Included
Enquiry
• Telephone Adviser-assisted R28,00 R28,00
• Email R2,00 R2,00
• Fax R12,00 R12,00
18Wealth Business Cheque Accounts
PAYT PMF
Fees per transaction
Statements
Archived statements/Tax certificates
• Absa Online R7,00 (per statement) R7,00 (per statement)
Copies of statements (per statement)
• Less than 4 months old R28,00 R28,00
• 4 months or older R60,00 R60,00
Administration fees
Bank cheque/Marked cheque R125,00 R125,00
Stop payment
• Branch, Telephone Adviser-assisted R75,00 R75,00
• Absa Online R75,00 R75,00
Stop order establishment/amendment
• Branch, Absa Online, Telephone Adviser-assisted No charge No charge
Special clearance R125,00 R125,00
Debit card replacement fee
• Chip and PIN/Magstrip R140,00 R140,00
Debit card – Face-to-Face delivery R175,00 R175,00
Other fees
Notice of payments and reminders(4)
• SMS R1,25 R1,25
• Email R1,25 R1,25
• Fax R12,00 R12,00
NotifyMe (SMS or email notification fee) R0,55 Included
Overdraft ledger fee (monthly)
• Provision of overdraft on the account R68,40 R68,40
Unauthorised debit balance (5)
R100,00 R100,00
19Wealth Business Cheque Accounts
PAYT PMF
Fees per transaction
Honouring fee(6) R60,00 R60,00
Dishonoured/Returned payment(7) R50,00 R50,00
RD cheque R150,00 R150,00
Absa Online notifications (includes RVN, TVN, logon alert)
- SMS | Email No charge No charge
Declined fee (insufficient funds) R6,00 R6,00
Returned cheque deposit R125,00 R125,00
Debit orders disputed
• Online before 40 days lapsed No charge No charge
• In branch before 40 days lapsed R30,00 R30,00
• In branch after 40 days lapsed R145,00 R145,00
Notes:
1. The Practice Management Account allows for a number of separate loan accounts to be linked to a transactional account.
2. Cardless ATM cash deposits – a service that gives Absa and non-Absa customers the ability to make cash deposits into any Absa transactional account at any Cash Accepting Absa ATMs,
without requiring the use of an Absa Debit Card.
3. A currency conversion fee of 2,75% (of the rand value of the transaction) applies to any transaction outside South Africa.
4. When making payments, digital banking users can opt to send a notice of payment to a third party or to themselves. Each notice of payment will be charged for separately.
5. An unauthorised debit balance fee is applicable when an account without an approved limit goes into a debit position.
6. An honouring fee will be charged for each transaction paid against uncleared funds or when we allow payments in excess of the available funds on the account.
7. R50,00 per unpaid item increasing to R150,00 from the fourth occurrence within 12 months.
20Wealth Management
Access your banking
with ease
Absa Online, Mobile and Telephone
Banking for Business
So many easy
ways from
R99 a month
Enjoy Online, Mobile and
Telephonic Banking
Manage your accounts
remotely from anywhere
24/7
Terms and conditions apply
21Absa Online, Mobile and Telephone Banking for Business
Absa Online for Business is a user-friendly service that allows businesses to do electronic transactions via Absa Online.
Absa Online Mobile Telephone Banking Adviser-assisted IVR
Monthly subscription fees
Monthly subscription fee R99,00 No charge No charge No charge
Fees per transaction
• Stop order establishment/amendment No charge No charge No charge No charge
Absa Online notification (including RVN,
TVN and logon alert) No charge No charge No charge No charge
Purchase and payment-related charges
Prepaid Top-up purchases R1,50 R1,50 R1,50 R1,50
Bill and beneficiary payments R8,50 R8,50 R15,50 R8,50
Immediate interbank payments R75,00 R75,00 R82,00 R75,00
CashSend transactions R8,50 + R1,40/R100 R8,50 + R1,40/R100 N/A N/A
Funds transfers R4,50 R4,50 R10,85 R4,50
Stop payments R75,00 N/A R75,00 N/A
Enquiry and information fees
Balance enquiries No charge No charge R7,00 No charge
Transaction history
• Basic enquiry No charge No charge R28,00 R1,05
• Emailed N/A N/A R2,00 R2,00
• Faxed N/A N/A R12,00 R12,00
Notice of payments and reminders(1)
• SMS R1,25 R1,25 R1,25 R1,25
• Email R1,25 R1,25 R1,25 R1,25
• Fax R12,00 R12,00 R12,00 R12,00
Archived statements/Tax certificates R7,00 (per statement) N/A N/A N/A
Note:
1. When making payments, digital banking users can opt to send a notice of payment to a third party or to themselves. Each notice of payment will be charged for separately.
22Wealth Management
A personalised touch that is
ready when you are
Wealth Assist
Get what you
need with
Wealth
Assist
Access to a host of
personalised services
Terms and conditions apply
23Wealth Assist
Wealth Assist enhances the personalised service you receive from your Wealth Banker by giving you access to direct query resolution, account administration and personal assistance.
For your convenience, you can contact them at any time of the day or night.
wealthassist@absa.co.za | 0860 265 265
Fees per transaction
Funds transfers or payments on behalf of the client (1)
• First 3 for the month per client R145,00
• 4 or more for the month per client R440,00
Certificate of balance R85,00
Tax certificate (other than system-generated) R85,00
Image copy or duplicate cheque R90,00
Replacement of any certificate (i.e. fixed deposit receipt) R90,00
Copy of statement
• Less than 4 months old R28,00
• 4 months or older R60,00
Audit certificate R425,00
Visa/Border letter R130,00
NaTIS document
• Duplicate(2) R400,00
• Original No charge
Notes:
1. Funds transfers or payments on behalf of the client will attract a R145,00 fee for the first three payments and a R440,00 fee for the fourth payment or transfer onwards.
2. Subject to change.
24Other products
To access the latest pricing on your other Absa products and services, visit absa.co.za
• Savings and Deposit Accounts
• Home Loan Accounts
• Vehicle and Asset Finance
• Other Absa Transactional and Current Accounts.
International Banking and non-resident fees
To view these fees, visit absa.co.za
Disclaimer
Fees quoted in this brochure are effective from 1 January 2018, unless otherwise indicated.
• Fees include 14% VAT and are subject to change
• The use of Absa-supported ATMs and Saswitch ATMs will incur charges greater than those charged for using Absa ATMs
• Where products or services are offered to individual clients and it becomes evident that an individual product or service is used for business purposes, or is used in any way that is not allowed by the product terms or rules, Absa is entitled, immediately and
without notice, to change the fees to such fees as are applicable to the same or similar business products and services offered to business clients. This may result in clients having to pay additional fees or the product or service could even be terminated.
FAIS Notice and Disclaimer
This brochure/document/material/report/communication/commentary (“this commentary”) has been prepared by Absa Bank Limited trading as Absa Wealth (Registration No: 1986/004794/06) (“Absa Wealth”), an authorised financial services
and credit provider.
Absa Wealth has issued this commentary for information purposes only and you must not regard this as a prospectus for any security or financial product or transaction. Absa Wealth does not expressly, tacitly or by implication represent, recommend or propose
that the securities and/or financial or investment products or services (The “Products”) referred to in this commentary are appropriate and/or suitable for your particular investment objectives or financial situation or needs. This commentary is not, nor is it
intended to be, advice as defined and/or contemplated in the Financial Advisory and Intermediary Services Act, 37 of 2002 (“FAIS”), or any other financial, investment, trading, tax, legal, accounting, retirement, actuarial or other professional advice or service
whatsoever (“advice”). All the risks and significant issues related to or associated with the products are not disclosed herein and therefore, prior to investing or transacting, you should fully understand the products and any risks and significant issues related
to or associated with them. This commentary is neither an offer to sell nor a solicitation of an offer to buy any of the products, which shall always be subject to Absa Wealth’s internal approvals and the execution of all requisite documentation between you
and Absa Wealth.
You have to obtain your own advice prior to making any decision or taking any action based hereon and neither Absa Wealth, nor any affiliate, nor any of their respective officers, directors, partners, or employees (in whose favour this constitutes a stipulation on
behalf of another) accepts any liability whatsoever for any direct, indirect or consequential damages or loss arising from any use of or reliance on this publication or its contents, and irrespective of whether or not you have obtained independent advice.
Should you be a consumer in terms of the Consumer Protection Act, No 68 of 2008, as amended, (i.e. a natural person or an entity with an asset value and annual turnover of below R2 million), then the above provisions limit and exclude the liabilities which Absa
Wealth will have towards you and also place obligations on you.
Any South African person or entity wishing to effect a transaction in any information discussed herein should do so only by contacting a representative of Absa Wealth in South Africa.
Terms and conditions apply Absa Bank Limited trading as Absa Wealth, Reg No 1986/004794/06. Absa Wealth is an Authorised Financial Services Provider, Licence No 523 and Registered Credit Provider, Reg No NCRCP7. Absa Wealth forms part of the Wealth,
Investment Management and Insurance cluster.
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