Absa account fees

By | October 28, 2025
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Absa Account Fees in South Africa: Everything You Need to Know

Introduction

When it comes to banking in South Africa, Absa is a well-known and trusted name. If you are considering opening an account with Absa, it is important to understand the various fees associated with their accounts. In this article, we will break down the different fees that Absa charges for their accounts and provide you with all the information you need to make an informed decision.

Absa Account Fees

Monthly Account Fees

Absa offers a range of different account options, each with its own monthly fee. The fees vary depending on the type of account you choose. Here is a breakdown of some of the most popular Absa accounts and their monthly fees:

  • Premium Banking Account: R120 per month
  • Gold Account: R95 per month
  • Transact Account: R4.95 per month

Transaction Fees

In addition to the monthly account fee, Absa also charges transaction fees for certain types of transactions. These fees can vary depending on the type of transaction and the account you have. Here are some examples of transaction fees that you may encounter with an Absa account:

  • ATM Withdrawal Fee: R8 per withdrawal
  • EFT Payment Fee: R5 per transaction
  • International Payment Fee: R200 per transaction

FAQs

1. Can I open an Absa account online?

Yes, you can open an Absa account online through their website or mobile app.

2. Are there any hidden fees with Absa accounts?

Absa is transparent about their fees, so you should not encounter any hidden fees.

3. Can I avoid paying monthly fees with an Absa account?

Some Absa accounts offer fee waivers if you maintain a certain minimum balance in your account.

4. How can I view my account fees with Absa?

You can view your account fees through your online banking portal or by visiting a branch.

5. Are there any discounts available for students or senior citizens?

Absa offers special account options for students and senior citizens with discounted fees.

6. What happens if I exceed my transaction limit?

If you exceed your transaction limit, you may incur additional fees for each transaction.

7. Can I negotiate my account fees with Absa?

While some banks allow for fee negotiation, Absa’s fees are generally fixed.

8. How often are account fees charged?

Absa account fees are charged on a monthly basis.

9. How can I reduce my account fees with Absa?

You can reduce your account fees by opting for a lower-cost account option or by qualifying for fee waivers.

10. Are there any rewards or benefits associated with Absa accounts?

Absa offers various rewards and benefits for their account holders, such as cashback on purchases and discounts at partner merchants.

It is important to carefully review the fees associated with an Absa account before opening one to ensure that it aligns with your financial goals and needs. By understanding the fees upfront, you can avoid any surprises and make the most of your banking experience with Absa.

Sources:
https://www.absa.co.za/