Check out this guide to learn about Absa private banking account in South Africa.
We will first briefly explain to you what a private banking account is.
What Is Absa Private Banking Account
The private banking account offers you a range of transactional services and lifestyle features and benefits that exceed your banking expectations.
You enjoy relationship-driven services where your business and family needs are well understood.
You have access to a business credit card linked to your practice management account if you are a business entity.
Now that you understand what a private banking account is, we will show you the Absa personal banking account features.
Absa Private Banking Account
You qualify for the Absa rewards automatically after joining private banking and getting up to 1.15% cashback.
There is no additional monthly fee charged to your account.
You can trade shares online with this account.
There is a waiver on the annual administration and preferential brokerage fees.
There is a partial waiver of first commission when you use a forex multi-currency cash passport.
You can use up to four currencies in one card.
You can readily access our cash anytime, any day.
You have access to experienced specialists who will advise you on a range of solutions to grow and protect your wealth.
You qualify for a credit card with travel insurance, extended warranty, and buyers’ protection.
There is an onshore and offshore mortgage for clients who need the loan
You enjoy the convenience of having extra cash available whenever at need with an overdraft facility.
These are the key features of the Absa private banking account in South Africa.
Benefits Of The Account
You get 1.15% cashback without any monthly fee when you swipe your card.
There is 30% cashback when you fuel, buy groceries or buy health and beauty products at the selected stores.
You earn 15% cash back at Absa’s rewards partners.
The online stockbroking service is quick and efficient and offers discounted fees to reduce share trading costs.
The account offers extensive airport lounge access.
These are the significant benefits of a private banking account in South Africa.
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