The content of today’s guide will throw more light on Absa Savings account requirements.
Everything you will need to register a savings account with Amalgamated Bank of South Africa (ABSA) in Kenya has been penned in this guide. So without much ado, let’s get rolling.
With the increasing demand placed on money nowadays, it has become necessary to look for ways to save something little for tomorrow’s needs.
In Kenya, one of such avenues is the ABSA savings account which offers value for your money.
Absa has many savings and investment accounts to serve the needs of every person, regardless of his/her income.
Individuals can successfully apply and operate accounts with Absa, provided they know what the account requirements are.
ABSA Kenya Savings Account Requirements
Below are the requirements for an ABSA savings account in Kenya:
- Proof of identity: A valid National identity card (Kenyan) or passport (non-Kenyan)
- Your KRA PIN
- One (1) passport size picture
- Proof of residential address
- Work or business permit: this applies to non-Kenyans without a KRA PIN
- Complete the account opening form. This form will require your personal information, contact information, employment information, and consent to the data and privacy policy.
- Minimum initial deposit. This depends on the savings account you opted for. Some of the savings accounts have no minimum opening balance.
ABSA Kenya Savings Account Requirements For A Child
The following are the requirements for ABSA Savings account for a child:
- Present an original birth certificate or adoption papers if the child is adopted
- National ID or passport (non-Kenyans) for parent or guardian
- KRA PIN
Is There A Limit On How Much You Can Put In A Savings Account
No, at Absa, there is no limit on how much you can put in a savings account.
Except for the fixed deposit, which is bounded by time and deposit amount, all the other savings account types have no deposit limit.
This is a core characteristic of a savings account aside from the interest it earns.
For more information, visit their website at https://www.absabank.co.ke.
This is all that we have for you on ABSA Kenya account requirements.
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