The Absa Gold Value Bundle account is a first-tier transactional account that charges a monthly service fee of R115.00. The account has a recommended monthly income range of R4,000.00 to R24,999.0. Absa Gold Value account holders who maintain a balance of R30,000.00 or more throughout the month receive a 50% discount on the monthly service fee and pay R57.50 instead.
Spouses who bank with the Absa Gold Value Bundle account receive a 50% discount on monthly service fees. As a result, a spouse will pay a monthly account fee of R57.50 for the account.
A credit card can also be added to the account for an R25.00 monthly fee. Another credit facility that can be added include an overdraft facility which comes with an initiation fee of up to R175.00. An overdraft and credit card are subject to credit assessment.
Absa Gold Value account holders are entitled to free participation in the Absa rewards program. Account holders can earn up to 1.15% cash back on all Absa card purchases through the rewards program. Furthermore, they can earn up to 30% cash back on certain purchases such as groceries, fuel, and health and beauty products.
A life insurance policy with a lump sum payment of R20,000.00 is also included with the Absa Gold Bundle Account. When opening the account, a salary protector plan is also added, which pays R2,500.00 for the first 2 months of being laid off.
The Absa Gold Value Bundle account is a one-of-a-kind account that offers numerous transactional and service benefits. The account’s benefits are listed below.
Description | Fee |
---|---|
Monthly service fee | R115.00 |
Absa ATM withdrawals fee | R4 000 free per month thereafter R2.50 per R100 |
Absa ATM deposits fee | R4 000 free per month thereafter R2.50 per R100 |
Card swipe fee | Free |
Other banks ATM withdrawals fee | R10.00 + R2.50 per R100.00 |
Cash withdrawals at tills | Free |
Balance enquiries | 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 | R4.00 per R100 |
Absa branch withdrawal fee | R80.00 + R2.50 perR100 |
Immediate interbank payments less than R1,000.00 | R10.00 |
Immediate interbank payments more than R1,000.00 | R49.00 |
Branch account verification fee | R28.00 |
The Absa Gold Value Bundle account comes with a slew of benefits and unlimited access to services. When you consider the insurance benefits, lifestyle benefits, and banking perks that come with a R115.00 monthly service charge, it’s clear that the account is a good value for money.
The total benefit value exceeds R115.00. This account is ideal for anyone looking to pay low fees while receiving above average benefits.
The Gold Value Bundle account is not Absa’s best account, but it is comparable to Platinum cheque accounts from other banks in terms of the features that the account provides.
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