The Absa Gold Value account provides additional value in the form of free bonuses. The account comes with cash rewards through the Absa rewards program, which gives you cashback on purchases made at certain stores. The Absa Value Bundle Account comes with a free lump sum death benefit as well as a retrenchment and disability payment. These will take care of you if you get handicapped, laid off, or die (the lump sum will be paid directly to your beneficiaries).
The Absa Gold Value account comes with limitless transactions, including card swipes, cash withdrawals at tills, balance inquiries, debit orders, and notifications, in addition to insurance advantages. You’ll also have access to an overdraft facility, which you can use in an emergency or for unanticipated circumstances.
The Absa Gold Value Bundle Account is a first-tier cheque account with a R109.00 monthly service cost. You can save 50% on your monthly service cost if you keep a balance of R30,000.00 or more in your Gold Value Bundle Account. Absa suggests that Gold Value Bundle account applicants earn between R4000.00 and R24,999.00 per month. Absa ATM deposits of up to R4,500.00 and Absa ATM withdrawals of up to R4,500.00 per month are included in the account. Any unused transactions are carried over to the next month, allowing you to take advantage of both the new month’s perks and those from the prior month.
An overdraft facility and an instant loan are available with the Gold Value Bundle Account. Both the overdraft facility and the immediate loan are subject to credit checks. Your eligibility for an overdraft or an instant loan is determined by your financial situation. The Absa Gold Value Bundle Account has an R20,000.00 lump sum death payment. You get an R5,000.00 retrenchment cover that is paid in two R2,500.00 instalments over a two-month recurring period. A disability benefit of R5,000.00 is also included, payable in two instalments of R2,500.00 over a two-month period.
|Monthly service fee||R109.00|
|Absa ATM withdrawals fee||Free Up to R4,500.00 and R2.00 per R100.00 thereafter|
|Absa ATM deposits fee||Free Up to R4,500.00 and R2.00 per R100.00 thereafter|
|Card swipe fee||Free|
|Other banks ATM withdrawals fee||R6.00 + R2.00 per R100.00|
|Cash withdrawals at tills||Free|
|External debit order fee||Free|
|Internal debit order fee||Free|
|Prepaid electricity, airtime and data purchase fee||Free|
|Notifications through SMS and Email||Free|
|Absa branch deposit fee||R60.00|
|Absa branch withdrawal fee||R75.00 + R2.50 per R100.00|
|Overseas ATM withdrawals||R75.00|
|Online account verification fee||R6.50|
|Branch account verification fee||R25.00|
|Cash send online, Absa ATM or Mobile||R2.00 per R100.00|
|Special clearance fee||R200.00|
|Debit card replacement fee||R140.00|
The Absa Gold Value Bundle account comes with a slew of perks and access to limitless services. When you consider the insurance advantages, lifestyle benefits, and banking perks that come with an account with a monthly service charge of R109.00, it’s evident that the account is a good value for money. The total value of the benefits exceeds R109.00. This account is ideal for anyone looking to pay moderate fees while receiving middle-of-the-road perks.
The Gold Value Bundle account is not Absa’s greatest account, but for a Gold cheque account, it can be compared to Platinum cheque accounts from other banks due to the features that come with it.