In our guide today, we will show you how the Absa joint cheque account works in South Africa.
We will first briefly explain what a joint cheque account is all about.
What Is A Joint Cheque Account
When you bank together as a family, you earn more value.
The account is designed for the whole family and particularly each member.
The family gets bundled banking benefits that ensure all members have the banking products they need and more.
Now that you understand what the account entails, we will show you exactly how it works in South Africa.
Absa Joint Cheque Account
This account has considered the most preferred transactions and products and bundled them at a discount to provide all the banking services you need.
You can opt for the Gold or Premium joint cheque accounts.
You will only pay for the primary account and 50% to the spouse account.
The fee is debited to the respective accounts unless the account holder decides the Bank On Me option or the spouse chooses the Fee Redirection option.
The fee covers the bundled transactions and some lifestyle benefits.
With this account, you get a 50% discount on the monthly account fee if you maintain a balance of R30 000 or more.
If you have a gold value bundle, you qualify for a 50% spouse discount on your monthly fees.
There is free ATM withdrawal up funds up to R4500 a month.
Kids get monthly 100MB data and do not pay any monthly service fee for the account.
You also qualify for an R20.00 food voucher at any of Absa’s merchant partners.
You will enjoy a cash deposit of up to R500 at Absa ATMs, branches, and cash acceptors.
You also get internal debit orders and stop orders.
When you join the Absa Rewards program, you pay a low monthly fee and 4.5 cash rewards every time you shop or buy at a participating grocery partner and when you fill up at Sasol with your Absa debit card.
This is how the Absa joint cheque account works in South Africa.
We will now show you the requirements to qualify for the account.
How To Qualify For Joint Cheque Account
Below are the general requirements to open an Absa joint cheque account in South Africa:
- A South African ID or passport
- Proof of income not older than three (3) months
- Proof of residence not older or more than three (3) months
These are the basic requirements to open an Absa joint cheque account in South Africa.