Today our guide will focus on the Absa ultimate account in South Africa.
We will first briefly explain what an ultimate account is.
What Is An Ultimate Account
This personal account gives you access to bundled services with exclusive monthly rewards and insurance.
You are offered all the banking utilities you can imagine of.
You can transact at any bank branch or ATM with this account.
The account is considered the key to managing your finances.
Now that you understand what an ultimate account is, we will show you the requirements to open an account.
Requirements For This Account
Below are the basic requirements to open an Absa ultimate account:
- You need a South African ID, Smartcard, or passport
- A tax identification number
- Work or business permit for the foreigners
- Proof of income, such as your current payslip or a letter from your employer.
These are the requirements to open an Absa ultimate account in South Africa.
Absa Ultimate Account
You get a monthly cashback reward from your current account balances and for using your debit card and credit card.
You get up to 50% cashback on the monthly maintenance fee when you take up any of Absa product bundles.
With this ultimate account, you have access to free mobile and internet banking, free ATM withdrawals, and free salary processing.
There is no deposit fee required, and no minimum balance required.
You will be offered a checkbook at no cost when you open an account.
You can access mortgages with quick approval and turn around.
You also have access to the Absa international credit card.
This account gives you customized education, medical, vehicle, and domestic insurance solutions.
You also get a funeral insurance cover and an accidental funeral cover.
This is all you need to know about the Absa ultimate account in South Africa.