Opening an Absa bank account has been made easy with the online option which allows you to create the account by yourself. It’s very easy to apply and you can do it in the comfort of your home, workplace, or whichever other place you may prefer.
How can you open an Absa bank account? As you read, you will discover how to open an Absa bank account, the requirements you need for opening an Absa bank account the charges, and various account types.
Types of Absa bank Accounts & How to open one
Before opening an ABSA bank account you must know about the different types of bank account the bank offers and, here they are;
Premier Current Account
This account type requires you to pay an opening fee of UGX80,500
Features
- There are no monthly fees and it is offered in all four of the major currencies.
- You get bonus interest on your deposits.
- Enjoy higher interest rates
Prestige Plus Account
An opening fee of UGX60,500 is charged
Features
- Net monthly income of UGX 3,000,000
- Monthly fee of UGX 88,500
- You receive dedicated service and financial advice with Prestige Banking.
- Higher loan amounts
- Free life insurance cover
- Free salary retrenchment cover
- Free counter cash withdraws
- Free ATM transactions on Absa machines
- Cash deposits in real-time at ATMs
- Free SMS notifications
- Possibility of using upscale service facilities
- Online banking is free.
- Discount rates at a few chosen alliance partners
- Up to UGX 5 million (3 months) in retrenchment coverage
- Up to UGX 20 million in life insurance and permanent disability coverage
- A-plus Funeral Services arranged UGX 2 million worth of funeral coverage.
- Life insurance for a single spouse (UGX 2 million) and up to four kids (UGX 1 million)
Ignition Account
This account is free and there are no monthly charges
Features
- Free digital banking
- Real-time cash deposits at ATMs
- Zero monthly ledger fees
- Zero annual card fees
- You get a Debit card that is accepted worldwide on VISA ATMs and POS machines
Absa Flexi Account
Opening this account is free and there are no monthly charges
Features
- An Initial deposit of at least UGX 20,000 is required
- Access to the Internet and mobile banking
- Real-time cash deposits at ATMs
- You get a Debit card that is accepted worldwide on VISA ATMs and POS machines
Prestige Transact Account
A monthly fee of UGX 40,000 is charged.
Features
- Discounts at selected alliance partners
- Real-time cash deposits at ATMs
- Free SMS alerts
- Access to exclusive service centers
- Enjoy Free digital banking
- Net monthly income of UGX 3,000,000
- Monthly fee of UGX 40,000
- 4 free counter cash withdraws
- Free ATM transactions on Absa machines
- Absa Platinum VISA Debit Card with a daily limit of UGX 3,000,000
Ultimate Salary Account
A monthly fee of UGX8,500 is charged.
Features
- An initial deposit of UGX 50,000 is charged.
- Monthly fee of UGX 8,500
- Free salary processing
- You get a Debit card that is accepted worldwide on VISA ATMs and POS machines
- Life cover of up to UGX 1 million
- Retrenchment cover of up to UGX 300,000 for 3 months
- Access to the Internet and mobile banking services
- Free Absa ATM transactions
- Free digital banking
- Real-time cash deposits at ATMs
Here’s how to open an Absa bank account online.
- Start by visiting The Absa website
- You’ll be asked to fill in an online registration form. There is a section for your names, contact details, email address, and if you’re a new or existing customer among other questions. You are required to fill in all these sections.
- Once your application has been successfully submitted, you will receive an on-screen confirmation along with your reference number which you must keep.
- You will hear from a representative of Absa’s customer service department regarding finishing the account that you previously requested to open.
- In case the ABSA representative doesn’t get in touch, we recommend visiting a nearby Absa bank branch. Remember to go with your reference number as it will be required.
Requirements for opening an ABSA bank account
- A letter from your college or university if you’re requesting to open an Ignition Account.
- A valid identification document. This may be a passport: mandatory for foreign nationals/national ID/driver’s license.
- Residential address confirmation
- Postal address confirmation
- Employment confirmation/Evidence that you’re working.
- Once this is done, an account will be created for you.
Conclusion
When you open an account with ABSA Bank, you get to enjoy the convenience that comes with online banking. You also enjoy interest and free deposits on some accounts.
And when you apply through the Absa mobile App, your account gets created within minutes. You may also visit a nearby Absa bank branch if you prefer. Registering is easy and you get an account within minutes.
