Today, our guide will focus on the Absa gold value bundle in South Africa.
We will first show you the requirements to qualify for the account.
What You Need To Qualify For Absa Gold Account
Below are the basic requirements to qualify for the account:
- You need a South African ID or a smart card, or a valid passport
- Proof of residence not older than three months
- Provide your latest income slip
- You need a minimum monthly income of R4000 TO R24999
These are the requirements to open an Absa gold value bundle in South Africa.
Now that you know the requirements to open an account, we will show you exactly how the account works.
Absa Gold Value Bundle
The account is suitable for you if you want to pay low fees while still enjoying middle-range benefits.
You get cash rewards when you join the Absa rewards program and make purchases at selected stores.
With this account, you get an insurance cover; You get a free lump sum death cover, retrenchment, and disability benefit.
The account comes with unlimited transactions, including card swipes, cash withdrawal at tills, debit orders, notifications, and balance inquiries.
You have access to an overdraft facility which you can use for emergencies and any unforeseen events.
You can deposit up to R4500 per month at the Absa ATM and withdraw up to R4500 per month.
Unused transactions are rolled over to the next month, so you will still enjoy your benefits no matter the time.
This is how the Gold value bundle works in South Africa.
What Are The Fees And Rates
With the new understanding of the Absa gold value bundle, we will go ahead and outline the rates and interests of the account in South Africa.
You will be charged a monthly service fee of R109.
You will receive a 50% discount on your monthly service fee if you maintain a balance of R30,000 in your gold account.
You are charged R2.00 per R100.00 when you withdraw or deposit above R4,500 at the Absa ATM.
The withdrawal fee at any Absa branch is R75.00 + R2.50 per R100.00.
You will be charged R6.50 and R25.00 at any Absa branch to verify your account online.
You will enjoy many free services like balance inquiries, card swipes, debit orders, and prepaid data and electricity.
These are the fees and rates associated with the Absa gold value bundle in South Africa.
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