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Absa Gold Value Bundle Account Review 2023

Absa Gold Value bundle account

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.

Absa Gold Value Bundle Account Benefits

  1. You can join the Absa Rewards program and start earning cashback when you swipe your Absa Gold Value Bundle Account card. 
  2. Comes with a retrenchment benefit of R5,000.00. 
  3. You get rewards, offers, and benefits by using your Visa card. Rewards and benefits include concierge service, travel insurance, lounge access, and extended warranty & buyers protection when you purchase valuables with your Visa card. 
  4. Free access to the Absa Mobile App even when you don’t have data. 
  5. Comes with an overdraft facility. 
  6. Can get an instant loan at any time. 
  7. The account comes with a lump sum death benefit of R20,000.00. 
  8. You get disability benefit to the value R5000.00. 
  9. Comes with unlimited till withdrawals, card swipes, balance enquiries, and electronic account payments. 
  10. You only pay 50% of your monthly service fee if you keep R30,000.00 or more in your account for a month. 

Absa Gold Value Bundle Account Fees 2023

Description Fee
Monthly service feeR115.00
Absa ATM withdrawals feeR4 000 free per month thereafter R2.50 per R100
Absa ATM deposits feeR4 000 free per month thereafter R2.50 per R100
Card swipe feeFree
Other banks ATM withdrawals feeR10.00 + R2.50 per R100.00
Cash withdrawals at tillsFree
Balance enquiries Free
External debit order feeFree
Internal debit order feeFree
Prepaid electricity, airtime and data purchase fee Free
Notifications through SMS and EmailFree
Absa branch deposit feeR4.00 per R100
Absa branch withdrawal feeR80.00 + R2.50 perR100
Immediate interbank payments less than R1,000.00R10.00
Immediate interbank payments more than R1,000.00R49.00
Branch account verification feeR28.00
Absa Gold Value Bundle Account Fees and Rates 2023

Competitive Advantages of the Absa Gold Value Bundle Account 

  • You can get extra cash for emergencies with the instant loan option of up to R8,000.00.
  • You get death cover, disability cover and retrenchment benefit at no extra cost. 
  • The account comes at a fairly low rate of R115.00 when considering the unlimited services and benefits that come with the account. 
  • You can open and register for a Visa profile using your card and receive benefits and discounts when you travel and shop. 
  • The account gives you access to the Absa Rewards program whereby you can get cash back when you use your account. 
  • You can utilise the overdraft facility whenever you are low on cash. 
  • It is easy to apply for overdraft and instant loan which can take minutes. 

Competitive Disadvantages of the Absa Gold Value Bundle Account 

  • The instant loan is repayable at most 6 months and charges high interest. 
  • Initiation fee on the instant loan is progressive so the more you borrow the higher the Initiation fee you are going to pay. 

How to qualify for the Account

  1. You must have a South African ID book or Smart card or a valid passport if you are not a South African citizen. 
  2. Proof of residence that is not older than 3 months at the time of application. 
  3. Your latest payslip. 
  4. Recommended monthly income of R4,000.00 to R24,999.00.


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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