ABSA (African Bank of South Africa) is a financial institution that has its roots in South Africa. Founded in 1991, ABSA started as a division of Barclays Africa Group Limited, before becoming an independent entity in 2017.
The bank has played an important role in the financial landscape of South Africa and the region. Over the years, ABSA has expanded its services beyond South African borders, establishing a presence in several countries in Africa and in other parts of the world. Its operations extended to personal, business, investment banking and other financial products.
Fees and commissions
| Minimum opening balance | R5,000 |
| Minimum balance to earn interest | R10,000 |
| Maintenance fee | Free |
| Statement (copy - per sheet) | R40 |
| ATM withdrawals (at other local banks) | R50 |
| ATM withdrawals (overseas ATMs) | R75 |
| Standing Orders (to another Absa Account) | R15 |
To learn more visit: www.absabank.mu/en/rates-and-fees/
Absa Products Reviewed by Infinity Discover:
How to open an account
Opening an Absa Bank account is a surprisingly easy and incredibly fast process.
Requirements to open your account:
- A valid South African ID with barcode or a valid foreign passport.
- Proof of address
To open your account, follow the steps below:
- Online Application: Fill in the required details at your convenience
- Digital KYC: Complete your Digital KYC verification Process
- Start Banking: All set! Your Digi Debit card will be delivered at your doorstep. Experience banking services that bring your possibility to life
Talk to Absa:
For general information, contact us through the following contact methods:
- Telephone: 0860 008 600
- Email: [email protected]
Service is available 24 hours a day, seven days a week.
You can also follow ABSA on social networks:
