In our guide today, we will focus on the Absa prosperity account in South Africa.
We will start by showing you the requirements to qualify for an account.
Requirements For Absa Prosperity Account
Below are the main basic requirements to qualify for an Absa prosperity account:
- You should be 55 years and above at the time of application
- South African ID or a smart card, or a valid passport
- Should have a minimum monthly income of R2000
- You need proof of residence like a utility bill not older than three months
- Proof of income like a payslip or the latest bank statements if you are applying for an overdraft facility
These are the primary requirements to qualify for an Absa prosperity account.
Now that you know the basic requirements to open an account, we will go ahead and show you the features of the account.
Absa Prosperity Account
The prosperity for seniors account is a cheque account mostly for people over 55 years.
Account-holders can make deposits, check account balances and withdraw cash from any Absa ATM 24/7.
You get a debit card that comes with security features that create smarter, faster, and more convenient shopping in-store and online.
The Absa prosperity card is accepted worldwide.
You can join the Absa rewards program to earn discounts and cashback whenever you swipe the debit card at partner stores.
You have access to vehicle finance, revolving loans, and other Absa loans.
There are interests earned from the account and exclusive rebates on your savings.
Account-holders over 60 years get assistance to draft their wills free of charge.
The monthly service fee or charge for this account is R50.
These are the features of the Absa prosperity account in South Africa.
Now that you know the features of the account, we will show you the advantages of having the account.
Benefits Of The Prosperity Account
Subscription to the Absa online platforms is free.
You will receive rebates on the monthly service fee if they maintain a cheque account balance of R15,000 or an investment or savings account balance of R15,000.
You get free notification SMS or email, accessible point of sale cash withdrawals, and cash withdrawals at any Absa ATM.
With this account, you can access a range of finance products like loans and vehicle finance.
You can buy pre-paid electricity or airtime using the prosperity seniors’ account.
These are the advantages of the Absa prosperity account in South Africa.