Are you a student in South Africa seeking to open an Absa student account? Check this guide to learn more about the account.
We will first show you the requirements to qualify for the account.
Requirements To Open This Account
The Requirements to open an Absa student account include:
- You should be between 18 and 27 years old
- Full-time student studying for an undergraduate or postgraduate degree
- A valid barcoded South African ID or a valid passport for the foreigners
- Proof of a valid residence not older than three (3) months
- Proof of registration at a tertiary institution
These are the basic requirements to open an Absa student account in South Africa.
Now that you know the requirements to qualify for the account, we will go ahead and show you exactly how the account works.
Absa Student Account
There is no monthly service fee for your account.
You enjoy unlimited card swipes to make school-related purchases.
You have access to your money anytime, thus making it easier to manage your finances.
You get a bonus of 100 free Mb data every month.
With this account, you qualify for a food voucher, an R150 travel voucher, and a up to 30% gym membership discount.
Complete at least five debit or credit banking transactions per month to qualify for the monthly benefits.
Two of the transactions, however, must be prepaid.
Your monthly statements are mailed to you at no cost, and you also have unlimited NotifyMe SMS and email notifications.
You enjoy unlimited Absa ATM balance inquiries, mini statements, cash deposits and withdrawals, and CashSend withdrawals.
You have access to Absa student loans which will finance your tuition fees, textbooks, and other expenses in your education.
This is how the Absa student account works in South Africa.
Now that you know how the account works, we will go ahead and show you how you can apply for the account.
How To Apply For Absa Student Account
You can apply for an Absa South Africa account through online banking.
You can use the Absa banking app on your cell phone to apply.
Alternatively, you can apply for the account at your chosen student bureau, located in most tertiary institutions.
You can also visit the nearest Absa branch and fill in the forms to open an account.
If you face any difficulties or inconveniences with your application, you can contact Absa at 08600 08600.
This is all to know about the Absa student account in South Africa.
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