Today we will focus on Absa prestige account in South Africa.
We will first show you what a prestige account is.
What Is A Prestige Account
This account offers you better savings, access to credit and loan facilities.
You get to the bank with distinction and enjoy preferential treatment.
You have access to a prestige card that can be used at any visa outlet.
Now that you have a glimpse of the account, we will show you exactly how the account works.
Absa Prestige Account
With this account, you get upgraded prestige banking benefits, portfolio management, extended banking hours, and access to exclusive service centers.
Internet and mobile banking with s account are free.
You will receive free SMS alerts and free bill payments.
You can withdraw at Absa ATMs at no cost.
No deposit fee is required, and you will be offered a free chequebook.
This account gives you a free salary retrenchment cover, and you can track your account activity anytime.
You get to transfer money quickly and transact at any Absa branch or ATM.
You can open a prestige bonus savings account that pays 100% bonus interest in months with no transaction on the account.
Interest is actually calculated daily and paid every month.
You can get bonus payments on earned interest if you save more with this account.
This is how the Absa prestige account works in South Africa.
Now that you know how the account works, we will show you the requirements to qualify for the account.
Requirements For The Prestigious Account
Below are some of the requirements to open an Absa prestige account in South Africa:
- A South African ID or smart card or a valid passport for foreigners
- Two passport-sized photographs of you
- Proof of actual residence like a utility bill not older than three months
- A resident permit and work permit for the foreigners
- A tax identification number
These are the requirements to apply fr an Absa prestige account in South Africa.
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