Do you want to know more about Absa premium banking in South Africa? Then, read this short article to learn.
Premium banking is a new perspective on your money and life where you get exclusive services and lifestyle benefits.
We will first show you the requirements to qualify for Absa premium banking.
Requirements For The Premium Banking Service
Below are the basic relevant requirements to qualify for Absa premium banking in South Africa:
- You must be a South African citizen
- A valid bar-coded South African ID or a valid foreign passport.
- A minimum monthly income of R25,000
- Provide proof of residence
- You must provide your latest salary slip
Now that you know the requirements, we will show you all you need to know about Premium banking.
Absa Premium Banking
The account is the optimal option to begin private banking.
The account is a cheque account designed for private banking clients majorly benefits lifestyle ad traveling ventures.
It serves as a portal to simplified banking with access to a private banker with telephone or online banking.
Customers are offered a new perspective on banking through stockbroking, investing, and savings options.
Private bankers are Absa banking most valuable customers with premium banking.
You have access to the Absa rewards program and are rewarded through the visa platform with the banking account.
You qualify for a premium credit card with this account.
This is how premium banking works in South Africa.
Premium Banking Rate & Interest
You will be charged a monthly service fee of R190 and monthly service fee reduction offers of up to 50% with this account.
You will get an R25,000 death benefit with this account.
An R10 000 layoff benefit is payable in two equal installments over two months.
Clients also receive a disability benefit of R10, 000 payable over two months in two equal installments.
These are the rates and benefits of this service.
We will now show you why you should bank with premium banking.
Why Use Absa Premium Banking
You earn cashback from the account after you join the Absa rewards program.
You get free cash withdrawals of up to R6,500 per month at any Absa ATM.
You get travel insurance when you purchase flight tickets with your account.
You can access the private banker whenever you need assistance with banking and other financial services.
These are some reasons why you should Absa premium banking in South Africa.