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Author ABSA Bank. Screenshot of ABSA Bank website.
[Accessed January 31, 2023]

ABSA – They are the leading financial service provider

ABSA Bank can offer you convenient banking at your fingertips. ABSA Bank Limited is one of South Africa’s leading financial services providers.

Their aim is to help people achieve their ambitions in the best way possible and to become South Africa’s most preferred financial services provider. They will treat you in a respectful manner and will always be completely transparent.

A brief history of ABSA Bank

ABSA Group Limited was founded in April 1991 when all entities were merged into a single brand and corporate identity. They are listed on the JSE and are one of Africa’s largest diversified groups with branches in 12 countries across the African continent.

 They are part of the Barclays Group and specialise in the following services:

  • Individual and corporate banking
  • Credit cards
  • investment finance
  • Savings management.

ABSA Bank’s values

The ABSA slogan is “Today, Tomorrow, Together” and forms the basis for their values and the way they conduct business. Their values consist of respect, integrity, service, excellence, and stewardship and lie with their clients and employees.

This corresponds to their integrity and the ethical and open way they operate. ABSA’s services aim to keep clients’ best interests at heart as their specialists work to deliver the best results.

They will help you achieve your financial goals

ABSA Bank will help you achieve your financial goals.

Personal banking

They provide a range of personal banking options, suitable for your various needs. These options are a transacted account, Flexible Value Bundle, Gold Value Bundle and premium banking.

You will be able to choose an account that suits your financial requirements the best and you will be spoiled with choice.

Transact account

The Transact Account serves customers with no specific income and a monthly fee of R4.90.

You can enjoy benefits like free point-of-sale purchases, free monthly subscription for online, mobile and telephone banking and free balance inquiries

Flexi value bundles

The Flexi Value Account is a good option if you earn a minimum monthly income of R3 000 with a monthly fee of R30.

Benefits that come with this account include free funeral cover up to the value of R15 000, a free monthly subscription for online, and mobile banking and free statements.

ABSA Bank – Banking product

  • Loan Type Banking

Benefits of ABSA Bank

  • The best loan deal for your needs
  • Expert banking services
  • Competitive interest rates

ABSA - Bank better with them

They set up SME development programmes, focusing on stimulating economic growth by providing access to financial services and business opportunities.

To support financial inclusion, they have partnered with entities such as the Department of Basic Education and organisations such as the Association for Savings and Investments, assisting them with financial management and training.

Follow these easy steps to become an ABSA Bank client:

Navigate to the ABSA website or go to your nearest branch.

Fill in your personal details and attach a copy of your ID and proof of residence.

A friendly consultant will process your information, and you will be notified as soon as the account is active.

Gold Value Bundle

The Gold Value bundle is ideal if you have a minimum monthly income of R4 000 with a monthly fee of R109.

Some of the benefits included are lifestyle benefits, an R20 000 lump-sum death benefit and an unbeatable overdraft interest rate

Premium banking

Premium Banking is for customers with a recommended monthly income of R25 000 with a monthly fee of R190.

It provides exclusive priority banking at selected branches, free financial needs analysis and 30% cashback every time you fill up at Sasol.


The MegaU card focuses on the youth who have special financial requirements during their studies. It has zero monthly fees and card swipes, and ATM cash withdrawals are free.

It’s the ideal bank account for those who are under 20 years old. Added benefits include 100MB of free data every month as well as discounts at selected food outlets and free kids’ activity lessons (Aquatots, MiniChess, Young Engineers and more).

Islamic banking

They have recognised the need to cater to specific religious groups. The Shari’ah is for those customers who wish to operate financially in line with the Shari’ah law This is not just for the Muslim community but is open to anyone who wants to bank differently.

ABSA Bank benefits

  • The best loan deal for your needs
  • Expert banking
  • Competitive interest rates.
  • Friendly and knowledgeable staff ready to assist with all your banking needs.
  • Variety of bank cards to choose from.
  • Religious banking.
  • ABSA is a trusted and reliable credit and banking provider.
  • Get rewarded with their fantastic reward systems.
man holding thumbs up

ABSA Bank is a trusted & reliable provider of banking

In our review, ABSA Bank adheres to the compliance criteria in accordance with the National Credit Act, where the granting the loan will not cause financial distress to the consumer.

✅ ABSA Bank is a registered credit provider in South Africa: NCRCP7

Customer Reviews & Testimonials

April 2019

ABSA has made it possible for me to complete my tertiary education thanks to the student loan I got. Again, thank you so very much!

Ethan P
— Nelspruit —

April 2019

I opened a MegaU account for my 16-year-old son because of all the amazing benefits it has. This really is a fantastic account and I’d advise other parents to open one for their kids too.

Nomvula D
— Johannesburg —

February 2019

Not only are the consultants super helpful, but they’re also very friendly.

Lerato V
— Durban —

August 2021

ABSA made it possible for me to complete my tertiary education. Thank you for your amazing support.

Refentse A
— Grahamstown —

October 2021

I opened a MegaU account for my 16-year-old son because of all the amazing benefits it has. This is a fantastic account and I’d advise other parents to open one for their kids too.

Plaaitjies J
— Nelspruit —

November 2021

Not only are the consultants super helpful, but they’re also very friendly.

Brown S
— Knysna —

ABSA Bank Contact

Physical Address

ABSA Bank Universal Branch Code

  • 632005

Postal Address

  • PO Box 7735 , Johannesburg, 2000, South Africa

Opening Hours

  • Monday 08:30 – 16:00
  • Tuesday 08:30 – 16:00
  • Wednesday 08:30 – 16:00
  • Thursday 08:30 – 16:00
  • Friday 08:30 – 16:00
  • Saturday 09:00 – 14:00
  • Sunday 10:00 – 13:00