Choose the pricing option that suits you best - 2015 Pricing Guide
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
Choose the pricing option that suits you best
2015 Pricing Guide
Absa Bank Ltd Reg No 1986/004794/06 Authorised Financial Services Provider Registered Credit Provider Reg No NCRCP7 Back to contents pageHow transaction fees work
In short, you pay either a fixed fee or a sliding scale fee, 4. Rebate Banking
sometimes called ‘ad valorem’. You will not pay banking fees on certain transactions
if you keep a set minimum balance in your account
An example of how a fixed fee works is that when you throughout the month.
perform account payments at an Absa ATM, you’ll pay
a fixed fee per transaction, whether you pay R100,00 5. EasyFee
or R1 000. EasyFee is a Management Fee option where you
pay a monthly fee based on the number of selected
With a sliding scale fee, you pay a base fee for the transaction transactions you do each month. It offers you different
itself plus a fee based on the value of the transaction. pricing options to choose from, each with a set number
An example is the ATM cash withdrawal on a Current Account. of selected transactions. Once you have used all your set
There is a R3,95 base fee for the transaction plus a R1,30 fee transactions you are charged a single fee per selected
per R100,00 withdrawn, which means a R500,00 cash transaction and no out-of-bundle penalty fees.
withdrawal will cost you R10,45 (R3,95 + 5 x R1,30).
Pricing options – at a glance
To get the most out of your banking, choose the product
and pricing option that best suits your needs and your pocket.
As your needs change, relook your options. When choosing
a transactional account, you can choose between various
pricing options.
1. Pay-as-you-transact
This is the standard fee pricing option, where you are
charged a standard fee for every transaction you make.
2. Value Bundle
You pay an affordable, fixed monthly fee from as little
as R49,00 a month for a set number of transactions
as part of your Value Bundle. On the Gold and Platinum
Value Bundle, unused transactions roll over to the next
month. Various value-added services are included.
3. Prepaid
With this pricing option, an upfront fee is charged
for all credits into the account. No fees are charged
for transactions performed on Absa’s infrastructure.
Get more. Prosper.
Disclaimer:
Fees quoted in this brochure are valid from 15 August 2015. Unless otherwise stated, fees include 14% VAT and are subject to change.
Absa Bank is entitled, immediately and without notice, for each product or service offered to individual customers, to change the fees and costs to fees and
costs that apply to the same and similar business products and services offered to business customers if there is evidence that an individual product or service
is used for business purposes, or used in any way that is not allowed by the product terms or conditions. This may also result in customers having to pay
additional fees and costs, or even the termination of the product or service.
E&OE
Page 2 | Pricing Guide Back to contents pageContents Basic Banking • Transact 5 Daily Banking • Flexi Account 8 • Flexi Value Bundle 10 Full-value Banking • Gold Current Account – Pay-as-you-transact 11 • Platinum Current Account – Pay-as-you-transact 11 • Gold Value Bundle 14 • Platinum Value Bundle 14 Youth Banking • Mega U 16 Student Banking • Student Silver 19 Seniors Banking • Flexi Account – Seniors offering 20 • Prosperity 23 Islamic Banking • Islamic Youth 24 • Islamic Savings 27 • Islamic Current Account – Value Bundles 30 Savings and Investments • TruSave 32 • Depositor Plus 32 • Club Account 32 • Tax-free Savings 34 • Money Market Fund 36 Credit Cards • Transact Credit, Gold, Titanium, Platinum 38 Home Loans 40 International Banking 41 Other offerings • Prepaid Debit Card 43 • Pay-as-you-transact: 45 Absa Current Account, Student Silver, Prosperity, and Islamic Current Account • OneTouch 48 • Safe custody 49 • Cellphone Banking Lite 49 Frequently asked questions 51 Page 3 | Pricing Guide Back to contents page
Transactional offerings
Product offerings Pricing plans
Basic Banking Transact Pay-as-you-transact
Daily Banking Flexi Account Pay-as-you-transact Value Bundle
Gold Account Pay-as-you-transact Value Bundle
Full-value Banking
Platinum Account Pay-as-you-transact Value Bundle
Youth Banking Mega U Pay-as-you-transact
Student Banking Student Silver EasyFee
Flexi Account Rebate Banking
Seniors Banking
Prosperity Rebate Banking
Islamic Youth Pay-as-you-transact
Islamic Banking Islamic Savings Pay-as-you-transact
Islamic Current Account Pay-as-you-transact Value Bundle
TruSave Pay-as-you-transact
Depositor Plus Pay-as-you-transact
Savings and Investments Club Account Pay-as-you-transact
Tax-free Savings Pay-as-you-transact
Money Market Fund Pay-as-you-transact
Credit Cards Standard fee
Home Loans Standard fee
International Banking Standard fee
Prepaid Debit Card Prepaid
Current Accounts:
• Absa Current Account
• Student Silver Pay-as-you-transact
Other offerings • Prosperity
• Islamic Current Account
OneTouch Standard fee
Safe custody Standard fee
Cellphone Banking Lite Standard fee
Page 4 | Pricing Guide Back to contents pageBasic Banking Transact A card-based account that gives you access to the largest Qualifying customers can apply for a loan via ATM network in the country and the convenience an Absa ATM. of 24/7 access to your money. No opening balance or minimum balance is required. This product allows for full Tip: Choose the right product that gives you what you need electronic banking functionality including Internet Banking, and suits your budget, so you don’t pay for benefits you never Cellphone Banking, Telephone Banking and Absa ATMs. use or need. Transact Monthly fees Monthly administration fee R4,75 Monthly subscription fees – Internet, Cellphone, Telephone Banking No charge Deposits Cheque deposit: Branch counter R16,00 Cheque deposit: Absa ATM No charge Cash deposit: Branch counter R7,00 + R1,45/R100 Cash deposit: Absa ATM R3,00 + R1,30/R100 Cardless cash deposit: Cash acceptor R5,25 + R1,45/R100 Cash withdrawals Branch counter R40,00 + R1,50/R100 Absa ATM R4,45 Point of sale (POS) R1,15 Absa-supported ATM R4,45 Saswitch ATM/Post Office terminal R7,20 Overseas ATM/POS (1) (5) R50,00 Purchases Prepaid top-up at Absa ATM, POS, Internet, Cellphone, Telephone (IVR) R1,05 POS – local No charge POS – overseas(5) R9,75 + R0,75/R100 (max. R45) Account payments and funds transfers Account payments • Branch counter R40,00 • Absa ATM R3,00 • Internet R1,50 • Cellphone R1,50 • Telephone (IVR) R7,50 • Telephone Adviser-assisted R14,50 Page 5 | Pricing Guide Back to contents page
Transact Account payments and funds transfers Immediate interbank payment • Internet, Cellphone, Telephone (IVR) R11,00 + R1,30/R100 (max. R65) • Telephone Adviser-assisted R18,00 + R1,30/R100 (max. R65) Debit and stop orders • Internal debit orders No charge • External debit orders R3,00 • Stop orders No charge Funds transfers • Absa ATM, Internet, Cellphone, Telephone (IVR) No charge • Branch counter R40,00 • Telephone Adviser-assisted R7,00 CashSend • Absa ATM, Cellphone, Internet R7,99 Balance enquiries Branch counter R3,35 Absa ATM No charge POS No charge Absa-supported ATM No charge Saswitch ATM/Post Office terminal R4,00 Internet, Cellphone, Telephone (IVR) No charge Telephone Adviser-assisted R3,35 Statement fees Absa ATM ministatement R4,00 Absa CAT terminal full statement R8,00 Branch counter full statement R16,00 Mailed statement R16,00 eStatement(2) No charge Transaction history • Enquiry – Internet, Cellphone, Telephone (IVR)(3) No charge • Enquiry – Telephone Adviser-assisted(3) R16,00 Archived statements/Tax certificate – Internet R5,50 per statement Copies of statements (per statement) • Less than 4 months old R16,00 • 4 months or older R40,00 Administration fees Bank cheque R80,00 Stop payments • Branch, Internet, Telephone Adviser-assisted R30,00 Stop order establishment/amendment fee • Branch, Internet, Telephone Adviser-assisted No charge Special clearance R80,00 Debit Card replacement fee R80,00 Page 6 | Pricing Guide Back to contents page
Transact Other fees Notification fee (SMS or email) R0,55 Dishonoured/Returned payment No charge Notice of payment (Internet, Cellphone, Telephone) • SMS | Email | Fax R0,80 | R0,80 | R6,50 Internet Banking notifications (includes RVN, TVN, logon alert) • SMS | Email No charge Declined fee (insufficient funds)(4) No charge Returned cheque deposit No charge Notes: 1. Cash withdrawals performed at Global Alliance partners: R35,00. 2. Customers can register for eStatements by logging on to Internet Banking and clicking on the ‘Portfolio’ menu bar and then on ‘eStatements’, or via Telephone Banking or by sending their request to officialemail@absa.co.za 3. An additional fee of R2,00 is applicable if request is emailed or R6,50 for fax. 4. Includes the following: Absa ATM, Absa-supported ATM, Saswitch ATM, Post Office, Overseas ATM and POS. 5. A currency conversion fee of 2,75% (of the rand value of the transaction) applies to any transaction outside South Africa. Page 7 | Pricing Guide Back to contents page
Daily Banking Flexi Account The Flexi Account is a full-service transactional account. Key benefits associated with this account include free funeral This account gives you full access to all our channels, such cover for customers aged between 18 and 65 years, Personal as Internet and Cellphone Banking, and is ideally suited to Health Advisor, Legal Assist, Discounted Doctor’s Network and customers who earn a regular monthly income. Missing Assist. Please note that terms and conditions apply. Flexi Account Monthly fees Monthly administration fee R15,00 Monthly subscription fees – Internet, Cellphone, Telephone Banking No charge Deposits Cheque deposit: Branch counter R16,00 Cheque deposit: Absa ATM No charge Cash deposit: Branch counter R7,00 + R1,45/R100 Cash deposit: Absa ATM R3,00 + R1,30/R100 Cardless cash deposit: Cash acceptor R5,25 + R1,45/R100 Cash withdrawals Branch counter R40,00 + R1,50/R100 Absa ATM R3,95 + R1,30/R100 Point of sale (POS) R3,95 Absa-supported ATM R6,95 + R1,30/R100 Saswitch ATM/Post Office terminal R9,95 + R1,30/R100 Overseas ATM/POS (1) (5) R50,00 Purchases Prepaid top-up at Absa ATM, POS, Internet, Cellphone, Telephone (IVR) R1,05 POS – local R2,65 POS – overseas(5) R9,75 + R0,75/R100 (max. R45) Account payments and funds transfers Account payments • Absa ATM, Internet, Cellphone, Telephone (IVR) R7,50 • Branch counter R40,00 • Telephone Adviser-assisted R14,50 Immediate interbank payment • Internet, Cellphone, Telephone (IVR) R11,00 + R1,30/R100 (max. R65) • Telephone Adviser-assisted R18,00 + R1,30/R100 (max. R65) Debit and stop orders • Internal debit orders No charge • External debit orders R8,00 • Stop orders No charge Funds transfers • Absa ATM, Internet, Cellphone, Telephone (IVR) No charge • Branch counter R40,00 • Telephone Adviser-assisted R7,00 CashSend • Absa ATM, Internet, Cellphone R7,90 + R1,30/R100 Page 8 | Pricing Guide Back to contents page
Flexi Account Balance enquiries Branch counter R3,35 Absa ATM R1,50 POS R1,00 Absa-supported ATM R3,35 Saswitch ATM/Post Office terminal R4,00 Overseas ATM/POS R4,00 Internet, Cellphone, Telephone (IVR) No charge Telephone Adviser-assisted R3,35 Statement fees Absa ATM ministatement R4,00 Absa CAT terminal full statement R8,00 Full statement: Branch counter R16,00 Mailed statement R16,00 eStatement(2) No charge Transaction history • Enquiry – Internet, Cellphone, Telephone (IVR)(3) No charge • Enquiry – Telephone Adviser-assisted(3) R16,00 Archived statements/Tax certificate – Internet R5,50 per statement Copies of statements (per statement) • Less than 4 months old R16,00 • 4 months or older R40,00 Administration fees Bank cheque R80,00 Stop payments • Branch, Internet, Telephone Adviser-assisted R30,00 Stop order establishment/amendment fee • Branch, Internet, Telephone Adviser-assisted No charge Special clearance R80,00 Debit Card replacement fee R80,00 Other fees Notification fee (SMS or email) R0,55 Dishonoured/returned payment R5,00 Notice of payment (Internet, Cellphone, Telephone) • SMS | Email | Fax R0,80 | R0,80 | R6,50 Internet Banking notifications (includes RVN, TVN, logon alert) • SMS | Email No charge Declined fee (insufficient funds)(4) R5,00 Returned cheque deposit R80,00 Notes: 1. Cash withdrawals performed at Global Alliance partners: R35,00. 2. Customers can register for eStatements by logging on to Internet Banking and clicking on the ‘Portfolio’ menu bar and then on ‘eStatements’, or via Telephone Banking or by sending their request to officialemail@absa.co.za 3. An additional fee of R2,00 is applicable if request is emailed or R6,50 for fax. 4. Includes the following: Absa ATM, Absa-supported ATM, Saswitch ATM, Post Office, Overseas ATM and POS. 5. A currency conversion fee of 2,75% (of the rand value of the transaction) applies to any transaction outside South Africa. Page 9 | Pricing Guide Back to contents page
Flexi Value Bundle
With the Flexi Value Bundle, we offer you a selection of Key benefits associated with this account include free funeral
transactions free of charge for a low monthly fee of R49,00. cover for customers aged between 18 and 65 years, Personal
Health Advisor, Legal Assist, Discounted Doctor’s Network and
Missing Assist. Please note that terms and conditions apply.
Flexi Value Bundle
Monthly fees
Monthly service fees R49,00
Monthly subscription fees – Internet, Cellphone, Telephone Banking No charge
Transactions included
Cash withdrawals Absa ATM 3
Debit card purchases and withdrawals 8
• Debit and cheque card purchases
• Point-of-sale (POS) cash withdrawals
Electronic account and beneficiary payments 11
• Account payments via Absa ATM, Internet, Cellphone, Telephone (IVR)
• External debit orders
Funds transfers and internal payments Unlimited
• Funds transfers via Absa ATM, Internet, Cellphone, Telephone (IVR)
• Internal debit orders
• Stop orders
Electronic information enquiries Unlimited
• Statement – Absa ATM, Internet and Telephone (IVR)
• Balance enquiries – Absa ATM, POS, Internet, Cellphone and Telephone (IVR)
Notification (SMS or email) No charge
eStatement(1) No charge
Additional features
Funeral plan R3 000
All other transactions not included in the above list or where transactions are on specific limits, will be charged at Pay-as-you-transact fees as applied
on Gold Current Account as per pricing table on page 11.
Notes: Notes:
1. Customers can register for eStatements by logging on to Internet Banking The following Internet, Cellphone and Telephone Banking transactions
and clicking on the ‘Portfolio’ menu bar and then on ‘eStatements’, will generate a separate fee (in addition to the monthly service fee)
or via Telephone Banking or by sending their request on Value Bundles:
to officialemail@absa.co.za • Archived statements
• Immediate interbank payments
• Notice of payments (fax, email and SMS)
• CashSend
• Tax certificates
• Stop payments of cheques and debit orders.
Page 10 | Pricing Guide Back to contents pageFull-value Banking
Gold/Platinum Current Account
Pay-as-you-transact
With the Pay-as-you-transact (or standard fee) pricing option, you only pay for those transactions you use.
Gold/Platinum Current Account
Monthly fees
Monthly account fee R33,00
Monthly subscription fees – Internet, Cellphone, Telephone Banking No charge
Deposits
Cheque deposit: Branch counter R16,00
Cheque deposit: Absa ATM No charge
Cash deposit: Branch counter(FVB) R7,00 + 1,45% of deposit value
Cash deposit: Absa ATM R3,00 + R1,30/R100 (or part thereof)
Cardless cash deposit: Cash acceptor R5,25 + 1,45% of deposit value
Cash withdrawals
Branch counter(FVB) R40,00 + R1,50/R100 (max. R750)
Absa ATM R3,95 + R1,30/R100
Point of sale (POS) R3,95
Absa-supported ATM R6,95 + R1,30/R100
Saswitch ATM R9,95 + R1,30/R100
Overseas ATM/POS (1) (7) R50,00
Cheque encashment R40,00 + R1,50/R100 (max. R750)
Plus cheque issued fee
Purchases
Prepaid top-up at Absa ATM, POS, Internet, Cellphone, Telephone (IVR) R1,05
POS – local R3,85
POS – overseas(7) R9,75 + R0,75/R100 (max. R45)
Account payments and funds transfers
Account payments
• Absa ATM, Internet, Cellphone, Telephone (IVR) R7,50
• Branch counter R40,00
• Telephone Adviser-assisted R14,50
Immediate interbank payment
• Internet, Cellphone, Telephone (IVR) R11,00 + R1,30/R100 (max. R65)
• Telephone Adviser-assisted R18,00 + R1,30/R100 (max. R65)
Debit and stop orders
• Internal debit orders No charge
• External debit orders R15,50
• Stop orders No charge
Funds transfers
• Absa ATM, Internet, Cellphone, Telephone (IVR) No charge
• Branch counter(FVB) R40,00
• Telephone Adviser-assisted R7,00
CashSend
• Absa ATM, Internet, Cellphone R7,90 + R1,30/R100
Cheque issued(2) R40,00
Page 11 | Pricing Guide Back to contents pageGold/Platinum Current Account
Balance enquiries
Branch counter R3,35
Absa ATM R1,50
POS R1,00
Absa-supported ATM R3,35
Saswitch ATM R4,00
Overseas ATM/POS R4,00
Internet, Cellphone, Telephone (IVR) No charge
Telephone Adviser-assisted R3,35
Statement fees
Absa ATM ministatement R4,00
Absa CAT terminal full statement R8,00
Full statement: Branch counter R16,00
Mailed statement R16,00
eStatement(3) No charge
Transaction history
• Enquiry – Internet, Cellphone, Telephone (IVR)(4) No charge
• Enquiry – Telephone Adviser-assisted(4) R16,00
Archived statements/Tax certificate – Internet R5,50 per statement
Copies of statements (per statement)
• Less than 4 months old R16,00
• 4 months or older R40,00
Administration fees
Bank cheque/marked cheque R80,00
Stop payments
• Branch, Internet, Telephone Adviser-assisted R30,00
Stop order establishment/amendment fee
• Branch, Internet, Telephone Adviser-assisted No charge
Special clearance R80,00
Debit Card replacement fee R80,00
Cheque Card replacement fee/new card fee R80,00
Other fees
Notification fee (SMS or email) R0,55
Overdraft ledger fee (pm)
• For the overdraft provision on your account:
- Overdraft up to R250 No charge
- Overdraft over R250 R20,00
• If your account goes into unauthorised overdraft/excess R57,00
Dishonoured/returned payment(5) R60,00
Notice of payment (Internet, Cellphone, Telephone)
• SMS | Email | Fax R0,80 | R0,80 | R6,50
Internet Banking notifications (includes RVN, TVN, logon alert)
• SMS | Email No charge
Page 12 | Pricing Guide Back to contents pageGold/Platinum Current Account
Other fees
Declined fee (insufficient funds)(6) R5,00
Returned cheque deposit R80,00
Notes:
(FVB)
A R5,00 premium will apply to these transactions for Flexi Value Bundle customers.
1. Cash withdrawals performed at Global Alliance partners: R35,00.
2. Only applicable to accounts that allow cheques to be issued.
3. Customers can register for eStatements by logging on to Internet Banking and clicking on the ‘Portfolio’ menu bar and then on ‘eStatements’,
or via Telephone Banking or by sending their request to officialemail@absa.co.za
4. An additional fee of R2,00 is applicable if request is emailed or R6,50 for fax.
5. Increasing to R138,00 per transaction from the 4th occurrence within 12 months. Cheques that are unpaid will be levied a flat fee of R138,00
from the first occurrence.
6. Includes the following: Absa ATM, Absa-supported ATM, Saswitch ATM, Post Office, Overseas ATM and POS.
7. A currency conversion fee of 2,75% (of the rand value of the transaction) applies to any transaction outside South Africa.
Page 13 | Pricing Guide Back to contents pageGold/Platinum Value Bundles
With the Value Bundle pricing option we offer you a selection Furthermore, if your spouse chooses to take up a Gold or
of transactions for a low monthly fee. When you’ve used all Platinum Value Bundle he/she qualifies for a 50% discount on
the transactions in your bundle, you will only pay Pay-as-you- his/her monthly fee. Your Value Bundle includes monthly cash
transact fees per transaction as per the pricing table on page back into your account if you have a Home Loan, Credit Card
11. Transactions as allocated in your Value Bundle will roll over or Vehicle Finance with Absa depending on the Value Bundle
for one month if not used. You can get up to 30% discount you are on. You get free subscriptions to NotifyMe, Internet
on your monthly fee if you maintain a set positive balance Banking, Telephone Banking and Cellphone Banking.
in your account.
Gold Value Bundle Platinum Value Bundle
Monthly fees
Monthly service fees R98,00 R149,00
Discounted monthly service fee:
• For maintaining a balance of:
- more than R10 000 = 10% discount; or R88,20 R134,10
- more than R20 000 = 20% discount; or R78,40 R119,20
- more than R30 000 = 30% discount R68,60 R104,30
Monthly subscription fees –
Internet, Cellphone, Telephone Banking No charge No charge
Priority Pass monthly fee (optional)(1) N/A R59,00
Transactions included
Absa ATM cash deposits 5 5
• Cash deposit: Absa ATM
• Cash deposit: Cash acceptor
• Cardless cash deposit: Cash acceptor
Absa ATM cash withdrawals 5 7
• Cash withdrawals Absa ATM
Debit Card purchases and withdrawals Unlimited Unlimited
• Debit and Cheque Card purchases
• Point-of-sale (POS) cash withdrawals
Electronic account and beneficiary payments Unlimited Unlimited
• Account payments via Absa ATM, Internet, Cellphone,
Telephone (IVR)
• External debit orders
Funds transfers and internal payments Unlimited Unlimited
• Funds transfers via Absa ATM, Internet,
Cellphone, Telephone (IVR)
• Internal debit orders
• Stop orders
Electronic information enquiries Unlimited Unlimited
• Statement – Absa ATM, Internet and Telephone (IVR)
• Balance enquiries – Absa ATM, POS, Internet, Cellphone
and Telephone (IVR)
Notification fee (SMS or email) No charge No charge
eStatement(2) No charge No charge
Roll-over of unused transactions(3) 1 month 1 month
Take-me-Home service 6 pa 8 pa
Page 14 | Pricing Guide Back to contents pageGold Value Bundle Platinum Value Bundle
Cross-product benefits
Cash back for your Credit Card R19,00 R41,00
Cash back for your Home Loan(4) R15,00 R20,00
Cash back for your Vehicle Finance R5,00 R5,00
Additional features
Spouse discount on monthly service fees 50% 50%
Lump sum death benefit R15 000 R20 000
All other transactions not included in the above list or transactions done in excess of specific limits, will be charged at Pay-as-you-transact fees as applied
on the Gold/Platinum Current Account as per pricing table on page 11.
Notes: Notes:
1. The first five visits per annum via Priority Pass are included in the monthly The following Internet, Cellphone and Telephone Banking transactions
fee. Visits in excess of five will be charged at $33,00 per visit at the will generate a separate fee (in addition to the monthly service fee)
exchange rate on the day of billing. on Value Bundles:
• Archived statements
Visit www.prioritypass.com for information on participating lounges.
• Immediate interbank payments
Please remember to keep a personal record of your visits so you know
• Notice of payments (fax, email and SMS)
when your free visits have been used as statements are not provided.
• CashSend
A fee of R80,00 will apply to Priority Pass card replacements. Priority Pass
• Tax certificates
is for international and domestic lounge access.
• Stop payments of cheques or debit orders.
2. Customers can register for eStatements by logging on to Internet Banking
and clicking on the ‘Portfolio’ menu bar and then on ‘eStatements’,
or via Telephone Banking or by sending their request to
officialemail@absa.co.za
3. Unused transactions for the current month will be added to the next
month’s transaction limits (i.e. A Gold Value Bundle customer
who only uses 2 ATM withdrawals will have 8 ATM transactions
in the following month).
4. Joint Home Loans and Home Loans under the Usury Act are excluded.
Page 15 | Pricing Guide Back to contents pageYouth Banking
Mega U
The Mega U Account is the ideal account to get you started free Debit Card purchases, free SMS and email notifications,
with a bank account. You need to be younger than 18 years free Absa ATM balance enquiries and no monthly fee.
of age to qualify. With this account you have the benefit of Youth customers who bank smartly can bank free of charge.
Mega U
Monthly fees
Monthly administration fee No charge
Monthly subscription fees – Internet, Cellphone, Telephone Banking No charge
Deposits
Cheque deposit: Branch counter R16,00
Cheque deposit: Absa ATM No charge
Cash deposit: Branch counter No charge if deposit is less than R500.
R7,00 + R1,45/R100 of full deposit if
deposit is greater than or equal to R500.
Cash deposit: Absa ATM First R500 at no charge, thereafter
R1,30 per R100
Cardless cash deposit: Cash acceptor First R500 at no charge, thereafter
R1,45 per R100
Cash withdrawals
Branch counter R40,00 + R1,50/R100
Absa ATM R4,45
Point of sale (POS) R3,95
Absa-supported ATM R7,20
Saswitch ATM/Post Office terminal R7,20
Overseas ATM/POS (1) (5) R50,00
Purchases
Prepaid top-up at Absa ATM, POS, Internet, Cellphone, Telephone (IVR) R1,05
POS – local No charge
POS – overseas(5) R45,00
Account payments and funds transfers
Account payments
• Absa ATM, Internet, Cellphone, Telephone (IVR) R7,50
• Branch counter R40,00
• Telephone Adviser-assisted R14,50
Immediate interbank payment
• Internet, Cellphone, Telephone (IVR) R11,00 + R1,30/R100 (max. R65)
• Telephone Adviser-assisted R18,00 + R1,30/R100 (max. R65)
Page 16 | Pricing Guide Back to contents pageMega U Account payments and funds transfers Debit and stop orders • Internal debit orders No charge • External debit orders R8,00 • Stop orders No charge Funds transfers • Absa ATM, Internet, Cellphone, Telephone (IVR) No charge • Branch counter R40,00 • Telephone Adviser-assisted R7,00 CashSend • Absa ATM R7,99 • Internet, Cellphone R7,90 + R1,30/R100 Balance enquiries Branch counter R3,35 Absa ATM No charge POS R1,00 Absa-supported ATM R3,35 Saswitch ATM/Post Office terminal R4,00 Overseas ATM/POS R4,00 Internet, Cellphone, Telephone (IVR) No charge Telephone Adviser-assisted R3,35 Statement fees Absa ATM ministatement R2,00 Absa CAT terminal full statement R8,00 Full statement: Branch counter R16,00 Mailed statement R16,00 eStatement(2) No charge Transaction history • Enquiry – Internet, Cellphone, Telephone (IVR)(3) No charge • Enquiry – Telephone Adviser-assisted(3) R16,00 Archived statements/Tax certificate – Internet R5,50 per statement Copies of statements (per statement) • Less than 4 months old R16,00 • 4 months or older R40,00 Administration fees Bank cheque R80,00 Stop payments • Branch, Internet, Telephone Adviser-assisted R30,00 Stop order establishment/amendment fee • Branch, Internet, Telephone Adviser-assisted No charge Special clearance R80,00 Debit Card replacement fee R80,00 Page 17 | Pricing Guide Back to contents page
Mega U Other fees Notification fee (SMS or email) No charge Dishonoured/returned payment R5,00 Notice of payment (Internet, Cellphone, Telephone) • SMS | Email | Fax R0,80 | R0,80 | R6,50 Internet Banking notifications (includes RVN, TVN, logon alert) • SMS | Email No charge Declined fee (insufficient funds)(4) R5,00 Returned cheque deposit R80,00 Notes: 1. Cash withdrawals performed at Global Alliance partners: R35,00. 2. Customers can register for eStatements by logging on to Internet Banking and clicking on the ‘Portfolio’ menu bar and then on ‘eStatements’, or via Telephone Banking or by sending their request to officialemail@absa.co.za 3. An additional fee of R2,00 is applicable if request is emailed or R6,50 for fax. 4. Includes the following: Absa ATM, Absa-supported ATM, Saswitch ATM, Post Office, Overseas ATM and POS. 5. A currency conversion fee of 2,75% (of the rand value of the transaction) applies to any transaction outside South Africa. Page 18 | Pricing Guide Back to contents page
Student Banking Student Silver A Student Silver Current Account is the most cost-effective EasyFee way to bank while you are a student. For as little as R17,50 a The default pricing option on Student Silver is the EasyFee month, all your day-to-day banking needs are taken care of. pricing option. With this option you can perform an unlimited A Student Silver Account provides you with unlimited access number of selected transactions through our self-service to Internet and Cellphone Banking as well as our ATM channels for a fixed fee of R17,50 a month. network, providing you with convenient and affordable access to your finances wherever you are. Student Silver EasyFee option Monthly fee Number of transactions included Fee per transaction thereafter Option 1 R17,50 Unlimited N/A For Student Silver, there are no monthly subscription fees for NotifyMe and Internet, Cellphone and Telephone Banking. Most fees for transactions performed on these channels are included in the monthly service fee. Charges will be levied for immediate interbank payments, notice of payments or reminders, archived statements and tax certificates. Transactions catered for in EasyFee The monthly fee includes any combination of the following day-to-day transactions performed on any electronic channel (Absa ATM, Internet/Cellphone/Telephone Banking (IVR)): • Absa ATM cash withdrawals • Absa ATM cash deposits(2) • Absa ATM balance enquiries and ministatements • CashSend at an Absa ATM • Electronic funds transfers • Account payments • Point-of-sale purchases and cash withdrawals (local) • Debit orders and stop orders. All other transactions not included in the above list (e.g. Saswitch transactions, branch counter transactions) will be charged for at the standard fee as reflected on the Pay-as-you-transact pricing table on page 45. For Student Silver, monthly mailed statements and eStatements(1) are free of charge. Note 1. Customers can register for eStatements by logging onto Internet Banking and clicking on the ‘Portfolio’ menu bar and then on ‘eStatements’, or via Telephone Banking or by sending their request to officialemail@absa.co.za 2. Excludes Cardless cash deposits Page 19 | Pricing Guide Back to contents page
Seniors Banking Flexi Account Seniors offering Flexi Account (Seniors) Pricing options Seniors Rebate Banking(1) minimum balance R5 000 Monthly fees Monthly administration fee R15,00 Monthly subscription fees – Internet, Cellphone, Telephone Banking No charge Deposits Cheque deposit: Branch counter R16,00 Cheque deposit: Absa ATM No charge Cash deposit: Branch counter R7,00 + R1,45/R100 Cash deposit: Absa ATM R3,00 + R1,30/R100 Cardless cash deposit: Cash acceptor R5,25 + R1,45/R100 Cash withdrawals Branch counter R40,00 + R1,50/R100 Absa ATM R3,95 + R1,30/R100 Point of sale (POS) R3,95 Absa-supported ATM R6,95 + R1,30/R100 Saswitch ATM/Post Office terminal R9,95 + R1,30/R100 Overseas ATM/POS (2) (6) R50,00 Purchases Prepaid top-up at Absa ATM, POS, Internet, Cellphone, Telephone (IVR) R1,05 POS – local R2,65 POS – overseas(6) R9,75 + R0,75/R100 (max. R45) Account payments and funds transfers Account payments • Absa ATM R7,50 • Internet, Cellphone, Telephone (IVR) R7,50 • Branch counter R40,00 • Telephone Adviser-assisted R14,50 Immediate interbank payment • Internet, Cellphone, Telephone (IVR) R11,00 + R1,30/R100 (max. R65) • Telephone Adviser-assisted R18,00 + R1,30/R100 (max. R65) Debit and stop orders • Internal debit orders No charge • External debit orders R8,00 • Stop orders No charge Page 20 | Pricing Guide Back to contents page
Flexi Account (Seniors) Account payments and funds transfers Funds transfers • Absa ATM No charge • Internet, Cellphone, Telephone (IVR) No charge • Branch counter R40,00 • Telephone Adviser-assisted R7,00 CashSend • Absa ATM R7,90 + R1,30/R100 • Internet, Cellphone R7,90 + R1,30/R100 Balance enquiries Branch counter R3,35 Absa ATM R1,50 POS R1,00 Absa-supported ATM R3,35 Saswitch ATM/Post Office terminal R4,00 Overseas ATM/POS R4,00 Internet, Cellphone, Telephone (IVR) No charge Telephone Adviser-assisted R3,35 Statement fees Absa ATM ministatement R4,00 Absa CAT terminal full statement R8,00 Full statement: Branch counter R16,00 Mailed statement R16,00 eStatement(3) No charge Transaction history • Enquiry – Internet, Cellphone, Telephone (IVR)(4) No charge • Enquiry – Telephone Adviser-assisted(4) R16,00 Archived statements/Tax certificate – Internet R5,50 per statement Copies of statements (per statement) • Less than 4 months old R16,00 • 4 months or older R40,00 Administration fees Bank cheque R80,00 Stop payments • Branch, Internet, Telephone Adviser-assisted R30,00 Stop order establishment/amendment fee • Branch, Internet, Telephone Adviser-assisted No charge Special clearance R80,00 Debit Card replacement fee R80,00 Page 21 | Pricing Guide Back to contents page
Flexi Account (Seniors) Other fees Notification fee (SMS or email) R0,55 Dishonoured/returned payment R5,00 Notice of payment (Internet, Cellphone, Telephone) • SMS | Email | Fax R0,80 | R0,80 | R6,50 Internet Banking notifications (includes RVN, TVN, logon alert) • SMS | Email No charge Declined fee (insufficient funds)(5) R5,00 Returned cheque deposit R80,00 Notes: 1. Fees shaded indicate that no charge will be levied on this transaction when the minimum monthly account balance of R5 000 is maintained throughout the month. This option is only available to our senior customers (aged 55 or over). 2. Cash withdrawals performed at Global Alliance partners: R35,00. 3. Customers can register for eStatements by logging on to Internet Banking and clicking on the ‘Portfolio’ menu bar and then on ‘eStatements’, or via Telephone Banking or by sending their request to officialemail@absa.co.za 4. An additional fee of R2,00 is applicable if request is emailed or R6,50 for fax. 5. Includes the following: Absa ATM, Absa-supported ATM, Saswitch ATM, Post Office, Overseas ATM and POS. 6. A currency conversion fee of 2,75% (of the rand value of the transaction) applies to any transaction outside South Africa. Page 22 | Pricing Guide Back to contents page
Prosperity The Prosperity Account is one of the most affordable ways Tip: With the Rebate option you pay no banking fees on to bank if you are 55 years and older and earn more than certain transactions if you maintain a set minimum balance R2 000 a month. If you can afford to invest R15 000 or more in your investment account. All other transactions not you have access to the Prosperity Rebate Banking option, included under Rebate Banking will be charged at the standard where you receive up to R500,00 a month of daily banking Pay-as-you-transact fee pricing as per the pricing table transactions free of charge. As a Prosperity customer, you also on page 45. qualify for additional interest rate benefits on a selection of our investment accounts. Rebate Banking Minimum monthly account balance N/A Maximum rebate amount R500,00 No minimum balance is needed to be maintained in the account. However, one of the following investments must be maintained with Absa to qualify for rebates: • 12-month (or longer) fixed deposit R15 000 • 12- to 18-month bonus deposit R15 000 • Linked Rate deposit R15 000 • MoneyBuilder R15 000 • Money Market Fund R20 000 • Investment Advantage R20 000 • Depositor Plus R20 000 • TruSave R15 000 • Notice Select R20 000 • Tax-free Savings R20 000 In addition to rebates on the Current Account, Prosperity customers will benefit from a concession on most transactional charges on Internet, Telephone and Cellphone Banking. Charges will be levied for immediate interbank payments, notice of payments or reminders, archived statements, CashSend and tax certificates. Transactions exempt with Rebate Banking Transaction types Monthly fees Purchases Monthly account fee Prepaid top-up: Deposits Absa ATM/POS Cheque deposit: Branch counter/Absa ATM POS – local Cash deposit: Branch counter/Absa ATM Funds transfers Cash withdrawals Branch counter Branch counter Absa ATM Absa ATM Balance enquiries Point of sale (POS) – local Absa ATM Account payments Statement fees • Absa ATM Absa ATM ministatement • Branch counter Other fees Debit orders and stop orders Notification fee (SMS or email) • Internal debit orders Cheque encashment • External debit orders Cheques issued • Stop orders Chequebooks (20, 30, carbon, 40) All other transactions not included in the above list (e.g. Saswitch transactions) will be charged at Pay-as-you-transact fees as applied on Current Accounts as per pricing table on page 45. Page 23 | Pricing Guide Back to contents page
Islamic Banking
Islamic Youth
An Islamic Youth Account is the ideal account to get you With this account you have the benefit of free Debit Card
started with a bank account. You need to be younger purchases, free SMS and email notifications, free Absa ATM
than 18 years of age to qualify. balance enquiries and no monthly fee. Youth customers who
bank smartly can bank free of charge.
Islamic Youth
Monthly fees
Monthly administration fee No charge
Monthly subscription fees – Internet, Cellphone, Telephone Banking No charge
Deposits
Cheque deposit: Branch counter R16,00
Cheque deposit: Absa ATM No charge
Cash deposit: Branch counter No charge if deposit is less than R500.
R7,00 + R1,45/R100 of full deposit if
deposit is greater than or equal to R500.
Cash deposit: Absa ATM First R500 at no charge,
thereafter R1,30 per R100
Cardless cash deposit: Cash acceptor First R500 at no charge,
thereafter R1,45 per R100
Cash withdrawals
Branch counter R40,00 + R1,50/R100
Absa ATM R4,45
Point of sale (POS) R3,95
Absa-supported ATM R7,20
Saswitch ATM/Post Office terminal R7,20
Overseas ATM/POS (1) (5) R50,00
Purchases
Prepaid top-up at Absa ATM, POS, Internet, Cellphone, Telephone (IVR) R1,05
POS – local No charge
POS – overseas(5) R45,00
Account payments and funds transfers
Account payments
• Absa ATM, Internet, Cellphone, Telephone (IVR) R7,50
• Branch counter R40,00
• Telephone Adviser-assisted R14,50
Immediate interbank payment
• Internet, Cellphone, Telephone (IVR) R11,00 + R1,30/R100 (max. R65)
• Telephone Adviser-assisted R18,00 + R1,30/R100 (max. R65)
Page 24 | Pricing Guide Back to contents pageIslamic Youth Account payments and funds transfers Debit and stop orders • Internal debit orders No charge • External debit orders R8,00 • Stop orders No charge Funds transfers • Absa ATM, Internet, Cellphone, Telephone (IVR) No charge • Branch counter R40,00 • Telephone Adviser-assisted R7,00 CashSend • Absa ATM R7,99 • Internet, Cellphone R7,90 + R1,30/R100 Balance enquiries Branch counter R3,35 Absa ATM No charge POS R1,00 Absa-supported ATM R3,35 Saswitch ATM/Post Office terminal R4,00 Overseas ATM/POS R4,00 Internet, Cellphone, Telephone (IVR) No charge Telephone Adviser-assisted R3,35 Statement fees Absa ATM ministatement R2,00 Absa CAT terminal full statement R8,00 Full statement: Branch counter R16,00 Mailed statement R16,00 eStatement(2) No charge Transaction history • Enquiry – Internet, Cellphone, Telephone (IVR)(3) No charge • Enquiry – Telephone Adviser-assisted(3) R16,00 Archived statements/Tax certificate – Internet R5,50 per statement Copies of statements (per statement) • Less than 4 months old R16,00 • 4 months or older R40,00 Administration fees Bank cheque R80,00 Stop payments • Branch, Internet, Telephone Adviser-assisted R30,00 Stop order establishment/amendment fee • Branch, Internet, Telephone Adviser-assisted No charge Special clearance R80,00 Debit Card replacement fee R80,00 Page 25 | Pricing Guide Back to contents page
Islamic Youth Other fees Notification fee (SMS or email) No charge Dishonoured/returned payment R5,00 Notice of payment (Internet, Cellphone, Telephone) • SMS | Email | Fax R0,80 | R0,80 | R6,50 Internet Banking notifications (includes RVN, TVN, logon alert) • SMS | Email No charge Declined fee (insufficient funds)(4) R5,00 Returned cheque deposit R80,00 Notes: 1. Cash withdrawals performed at Global Alliance partners: R35,00. 2. Customers can register for eStatements by logging on to Internet Banking and clicking on the ‘Portfolio’ menu bar and then on ‘eStatements’, or via Telephone Banking or by sending their request to officialemail@absa.co.za 3. An additional fee of R2,00 is applicable if request is emailed or R6,50 for fax. 4. Includes the following: Absa ATM, Absa-supported ATM, Saswitch ATM, Post Office, Overseas ATM and POS. 5. A currency conversion fee of 2,75% (of the rand value of the transaction) applies to any transaction outside South Africa. Page 26 | Pricing Guide Back to contents page
Islamic Savings This is a Shari’ah-compliant transactional savings account that You can do all types of electronic payments and transfer provides you with a pre-agreed profit share payout and a card transactions, and if you have R15 000 or more in your account, that you can use to access your funds at any time via ATMs certain transaction fees will be waived. A minimum initial or Absa branches. There is no minimum or maximum deposit of R50,00 is required to open the account and investment period. a minimum balance of R50,00 must be maintained. Islamic Savings Pricing options Standard fee √ Rebate Banking(1) minimum balance R15 000 Monthly fees Monthly administration fee R18,00 Monthly subscription fees – Internet, Cellphone, Telephone Banking No charge Deposits Cheque deposit: Branch counter R16,00 Cheque deposit: Absa ATM No charge Cash deposit: Branch counter R7,00 + R1,45/R100 Cash deposit: Absa ATM R3,00 + R1,30/R100 Cardless cash deposit: Cash acceptor R5,25 + R1,45/R100 Cash withdrawals Branch counter R40,00 + R1,50/R100 (max. R750) Absa ATM R3,95 + R1,30/R100 Point of sale (POS) R3,95 Absa-supported ATM R6,95 + R1,30/R100 Saswitch ATM/Post Office terminal R9,95 + R1,30/R100 Overseas ATM/POS(2) (6) R50,00 Purchases Prepaid top-up at Absa ATM, POS, Internet, Cellphone, Telephone (IVR) R1,05 POS – local R3,85 POS – overseas(6) R9,75 + R0,75/R100 (max. R45) Account payments and funds transfers Account payments • Absa ATM R7,50 • Internet, Cellphone, Telephone (IVR) R7,50 • Branch counter R40,00 • Telephone Adviser-assisted R14,50 Immediate interbank payments • Internet, Cellphone, Telephone (IVR) R11,00 + R1,30/R100 (max. R65) • Telephone Adviser-assisted R18,00 + R1,30/R100 (max. R65) Debit and stop orders • Internal debit orders No charge • External debit orders R8,00 • Stop orders No charge Page 27 | Pricing Guide Back to contents page
Islamic Savings Account payments and funds transfers Funds transfers • Absa ATM No charge • Internet, Cellphone, Telephone (IVR) No charge • Branch counter R40,00 • Telephone Adviser-assisted R7,00 CashSend • Absa ATM R7,90 + R1,30/R100 • Internet, Cellphone R7,90 + R1,30/R100 Balance enquiries Branch counter R3,35 Absa ATM R1,50 POS R1,00 Absa-supported ATM R3,35 Saswitch ATM/Post Office terminal R4,00 Overseas ATM/POS R4,00 Internet, Cellphone, Telephone (IVR) No charge Telephone Adviser-assisted R3,35 Statement fees Absa ATM ministatement R4,00 Absa CAT terminal full statement R8,00 Full statement: Branch counter R16,00 Mailed statement R16,00 eStatement(3) No charge Transaction history • Enquiry – Internet, Cellphone, Telephone (IVR)(4) No charge • Enquiry – Telephone Adviser-assisted(4) R16,00 Archived statements/Tax certificate – Internet R5,50 per statement Copies of statements (per statement) • Less than 4 months old R16,00 • 4 months or older R40,00 Administration fees Bank cheque R80,00 Stop payments • Branch, Internet, Telephone Adviser-assisted R30,00 Stop order establishment/Amendment fee • Branch, Internet, Telephone Adviser-assisted No charge Special clearance R80,00 Debit Card replacement fee R80,00 Page 28 | Pricing Guide Back to contents page
Islamic Savings Other fees Notification fee (SMS or email) R0,55 Dishonoured/Returned payment R5,00 Notice of payment (Internet, Cellphone, Telephone) • SMS | Email | Fax R0,80 | R0,80 | R6,50 Internet Banking notifications (includes RVN, TVN, logon alert) • SMS | Email No charge Declined fee (insufficient funds)(5) R5,00 Returned cheque deposit R80,00 Notes: 1. Fees shaded indicate that no charge will be levied on this transaction when the minimum monthly account balance of R15 000 is maintained throughout the month. 2. Cash withdrawals performed at Global Alliance partners: R35,00. 3. Customers can register for eStatements by logging on to Internet Banking and clicking on the ‘Portfolio’ menu bar and then on ‘eStatements’, or via Telephone Banking or by sending their request to officialemail@absa.co.za 4. An additional fee of R2,00 is applicable if request is emailed or R6,50 for fax. 5. Includes the following: Absa ATM, Absa-supported ATM, Saswitch ATM, Post Office, Overseas ATM and POS. 6. A currency conversion fee of 2,75% (of the rand value of the transaction) applies to any transaction outside South Africa. Page 29 | Pricing Guide Back to contents page
Islamic Current Account
Value Bundles
This is a Shari’ah-compliant cheque product based on option we offer you a selection of transactions for a low
a Qardh structure, and offers a transactional account vehicle monthly fee. When you’ve used all the transactions in your
that allows you to have an affordable Flexi, Gold or Platinum bundle, you will only pay standard fees per transaction
Value Bundle pricing option. Bank from as little as R49,00 as per the Pay-as-you-transact pricing table on page 45.
a month with a Value Bundle. With the Value Bundle pricing
Flexi Gold Platinum
Value Bundle Value Bundle Value Bundle
Monthly fees
Monthly service fees R49,00 R98,00 R149,00
Discounted monthly service fee:
• For maintaining a balance of:
- more than R10 000 = 10% discount; or N/A R88,20 R134,10
- more than R20 000 = 20% discount; or N/A R78,40 R119,20
- more than R30 000 = 30% discount N/A R68,60 R104,30
Monthly subscription fees – Internet, No charge No charge No charge
Cellphone, Telephone Banking
Priority Pass monthly fee (optional)(1) N/A N/A R59,00
Transactions included
Absa ATM cash deposits N/A 5 5
• Cash deposit: Absa ATM
• Cash deposit: Cash acceptor
• Cardless cash deposit: Cash acceptor
Absa ATM cash withdrawals 3 5 7
• Cash withdrawals Absa ATM
Debit Card purchases and withdrawals 8 Unlimited Unlimited
• Debit and Cheque Card purchases
• Point-of-sale (POS) cash withdrawals
Electronic account and beneficiary payments 11 Unlimited Unlimited
• Account payments via Absa ATM, Internet,
Cellphone, Telephone (IVR)
• External debit orders
Funds transfers and internal payments Unlimited Unlimited Unlimited
• Funds transfers via Absa ATM, Internet,
Cellphone, Telephone (IVR)
• Internal debit orders
• Stop orders
Electronic information enquiries Unlimited Unlimited Unlimited
• Statement – Absa ATM, Internet and
Telephone (IVR)
• Balance enquiries – Absa ATM, POS,
Internet, Cellphone and Telephone (IVR)
Notification fee (SMS or email) No charge No charge No charge
eStatement(2) No charge No charge No charge
Roll-over of unused transactions(3) N/A 1 month 1 month
Page 30 | Pricing Guide Back to contents pageFlexi Value Bundle Gold Value Bundle Platinum Value
Bundle
Cross-product benefits
Cash back for your Credit Card* N/A R19,00 R41,00
Cash back for your Home Loan(4)* N/A R15,00 R20,00
Cash back for your Vehicle Finance N/A R5,00 R5,00
Additional features
Spouse discount on monthly service fees N/A 50% 50%
Lump sum Takaful benefit R3 000 R15 000 R20 000
All other transactions not included in the above list or transactions done in excess of specific limits, will be charged at Pay-as-you-transact fees as applied
on the Gold/Platinum Current account as per pricing table on page 45.
Notes: Notes:
1. The first five visits per annum via Priority Pass are included in the monthly The following Internet, Cellphone and Telephone Banking transactions
fee. Visits in excess of five will be charged at $33,00 per visit will generate a separate fee (in addition to the monthly service fee)
at the exchange rate on the day of billing. on Value Bundles:
• Archived statements
Visit www.prioritypass.com for information on participating lounges.
• Immediate interbank payments
Please remember to keep a personal record of your visits, so you know
• Notice of payments (fax, email and SMS)
when your free visits have been used as statements are not provided.
• CashSend
A fee of R80,00 will apply to Priority Pass card replacements. Priority Pass
• Tax certificates
is for international and domestic lounge access.
• Stop payments of cheques and debit orders.
2. Customers can register for eStatements by logging on to Internet Banking
and clicking on the ‘Portfolio’ menu bar and then on ‘eStatements’,
or via Telephone Banking or by sending their request
to officialemail@absa.co.za
3. Unused transactions for the current month will be added to the
next month’s transaction limits (i.e. a Gold Value Bundle customer
who only uses 2 ATM withdrawals will have 8 ATM transactions
in the folllowing month).
4. Joint Home Loans and Home Loans under the Usury Act are excluded.*
* Not Shariah-compliant.
Page 31 | Pricing Guide Back to contents pageSavings and Investments
TruSave, Depositor Plus, Club Account,
Money Market Fund
Start saving for your future now with our range of savings and online without going into a branch. Keep your hard-earned
investment accounts. Absa Internet Banking customers can savings in a savings or investment account to ensure you
conveniently open a range of savings and investment accounts maximise your returns and keep control of your savings goals.
TruSave Depositor Plus Club Account
Monthly fees
Monthly administration fee No charge No charge No charge
Deposits
Cheque deposit: Branch counter R16,00 R16,00 R16,00
Cheque deposit: Absa ATM No charge No charge N/A
Cash deposit: Branch counter R7,00 + R1,45/R100 R7,00 + R1,45/R100 R7,00 + R1,45/R100
Cash deposit: Absa ATM R3,00 + R1,30/R100 R3,00 + R1,30/R100 N/A
(first 4 ATM cash
deposits free pm)
Cardless cash deposit: Cash acceptor R5,25 + R1,45/R100 R5,25 + R1,45/R100 R5,25 + R1,45/R100
Cash withdrawals
Branch counter R40,00 + R1,50/R100 R40,00 + R1,50/R100 R40,00 + R1,50/R100
(max. R750) (max. R750) (max. R750)
Absa ATM R6,95 + R1,30/R100 R3,95 + R1,30/R100 N/A
(first 2 free pa)
Absa-supported ATM R9,95 + R1,30/R100 R6,95 + R1,30/R100 N/A
Saswitch ATM R12,95 + R1,30/R100 R9,95 + R1,30/R100 N/A
Overseas ATM(1) (4) R50,00 R50,00 N/A
Account payments and funds transfers
Account payments
• Absa ATM N/A N/A N/A
• Branch counter N/A N/A R40,00
Debit and stop orders
• Internal debit orders N/A N/A No charge
• External debit orders N/A N/A R8,00
• Stop orders N/A N/A No charge
Funds transfers
• Absa ATM No charge No charge N/A
• Branch counter R40,00 R40,00 R40,00
Balance enquiries
Branch counter R3,35 R3,35 R3,35
Absa ATM R1,50 (first 2 free pm) R1,50 N/A
Absa-supported ATM R3,35 R3,35 N/A
Saswitch ATM R4,00 R4,00 N/A
Statement fees
Branch counter full statement R16,00 R16,00 R16,00
Absa ATM ministatement R4,00 (first 2 free pm) R4,00 N/A
Absa CAT terminal full statement R8,00 R8,00 N/A
Mailed statement R16,00 No charge R16,00
eStatement(2) No charge No charge No charge
Page 32 | Pricing Guide Back to contents pageTruSave Depositor Plus Club Account Administration fees Bank cheque R80,00 R80,00 R80,00 Stop payment instruction R30,00 R30,00 R30,00 Special clearance N/A N/A R80,00 Debit Card replacement fee N/A N/A N/A Other fees Notification fee (SMS or email) R0,55 No charge No charge Dishonoured/returned payment(3) N/A N/A R36,00 Declined fee (insufficient funds) • Absa ATM R5,00 R5,00 N/A • Absa-supported ATM R5,00 R5,00 N/A • Saswitch ATM R5,00 R5,00 N/A • POS N/A N/A N/A Returned cheque deposit R80,00 R80,00 R80,00 Notes: 1. Cash withdrawals performed at Global Alliance partners: R35,00. 2. Customers can register for eStatements by logging on to Internet Banking and clicking on the ‘Portfolio’ menu bar and then on ‘eStatements’, or via Telephone Banking or by sending their request to officialemail@absa.co.za 3. Increasing to R50,00 per transaction from the 4th occurrence within 12 months. 4. A currency conversion fee of 2,75% (of the rand value of the transaction) applies to any transaction outside South Africa. Page 33 | Pricing Guide Back to contents page
Tax-Free Savings The Tax-Free Savings Account is a smart way to save, with per tax year, with a maximum lifetime contribution limit immediate access to your money. Your interest return is of R500 000. protected from tax. Contribute up to a maximum of R30 000 Tax-Free Savings Monthly fees Monthly administration fee No charge Deposits Cheque deposit: Branch counter R16,00 Cheque deposit: Absa ATM No charge Cash deposit: Branch counter R7,00 + R1,45/R100 Cash deposit: Absa ATM R3,00 + R1,30/R100 Cardless cash deposit: Cash acceptor R5,25 + R1,45/R100 Cash withdrawals Branch counter R40,00 + R1,50/R100 (max. R750) Absa ATM N/A Absa-supported ATM N/A Saswitch ATM N/A Overseas ATM N/A Account payments and funds transfers Account payments • Absa ATM N/A • Branch counter N/A Debit and stop orders • Internal debit orders N/A • External debit orders N/A • Stop orders N/A Funds transfers • Absa ATM No charge • Branch counter R40,00 Balance enquiries Branch counter R3,35 Absa ATM R1,50 Absa-supported ATM R3,35 Saswitch ATM R4,00 Statement fees Branch counter full statement R16,00 Absa ATM ministatement R4,00 Absa CAT terminal full statement R8,00 Mailed statement No charge eStatement(1) No charge Administration fees Bank cheque R80,00 Stop payment instruction N/A Special clearance N/A Debit Card replacement fee N/A Page 34 | Pricing Guide Back to contents page
Tax Free Savings Other fees Notification fee (SMS or email) No charge Dishonoured/returned payment N/A Declined fee (insufficient funds) N/A Returned cheque deposit R80,00 Notes: 1. Customers can register for eStatements by logging on to Internet Banking and clicking on the ‘Portfolio’ menu bar and then on ‘eStatements’, or via Telephone Banking or by sending their request to officialemail@absa.co.za Page 35 | Pricing Guide Back to contents page
Money Market Fund Monthly fees Monthly administration fee No charge Commission All credits into account except for counter cash deposits 0,40% Deposits Cheque deposit: Branch counter Commission applicable Cheque deposit: Absa ATM Commission applicable Cash deposit: Branch counter R7,00 + R1,45/R100 Cash deposit: Absa ATM Commission applicable Cardless cash deposit: Cash acceptor Commission applicable Cash withdrawals Branch counter(1) R40,00 + R1,50/R100 (max. R750) Absa ATM(1) R3,95 + R1,30/R100 Absa-supported ATM R6,95 + R1,30/R100 Saswitch ATM R9,95 + R1,30/R100 Overseas ATM(2) (5) R50,00 Account payments and funds transfers Account payments • Absa ATM N/A • Branch counter N/A Debit and stop orders • Internal debit orders N/A • External debit orders N/A • Stop orders N/A Funds transfers • Absa ATM No charge • Branch counter No charge Balance enquiries Branch counter No charge Absa ATM No charge Absa-supported ATM R3,35 Saswitch ATM R4,00 Statement fees Branch counter full statement No charge Absa ATM ministatement No charge Absa CAT terminal full statement No charge Mailed statement No charge eStatement(3) No charge Administration fees Bank cheque(1) R80,00 Stop payment instruction R30,00 Special clearance No charge Debit Card replacement fee R80,00 Page 36 | Pricing Guide Back to contents page
You can also read
