ABSA Private Banking Account


The ABSA private banking account is designed to offer you a range of transactional services and lifestyle features and benefits that exceed your everyday banking expectations.

The product is meant for you to enjoy a service that is relationship-driven, with a dedicated private banker who understands your individual, business and family needs.

Qualifying criteria

Earn a minimum gross income of R62 500 per month.

Lifestyle features and benefits

You get access to:

• ABSA rewards programme with no addition monthly fee:
o 1.15% in real cash back on card swipes with no monthly fee.
o 30% cash back when you fill up or shop at Sasol.
o 30% cash back at participating grocers- Food Lover’s Market, Pick n Pay, Spar and Woolworths.
o 30% cash back on health and beauty products at Dis-Chem
o 15% cash back at our Rewards partners

• Stockbroking services and ABSA waivers the annual administration fee and you benefit from preferential brokerage fees; and

• Forex multi-currency cash passport ABSA waivers a partial of the first commission payable and you get up to four currencies onto one card.

Added features and benefits

6 visits per year to airport lounges affiliated to LoungeKey

Get more cash with an overdraft and pay for unexpected expenses

Access to local Bidvest Premier lounges with your Private Banking Credit Card

Travel insurance to account holder and travel companions when air ticket and accommodation is bought with your Visa Credit Card

For more information visit the Absa Private Banking Account Page or call Private Assist on 0860 553 553 or International Assist on 011 501 5011, Alternatively email privatebanking@absa.co.za

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