The Absa Premium Banking Account offers the best way to start banking private. The account is a gateway to simplified banking, with access to a private banker over the phone or online. A private banker is there to help clients with their banking needs, making loan applications or financial planning much easier.
The account gives clients a whole new overview to banking, providing services in stockbroking, investing and savings. These wealth enhancement services are only for private banking clients, making private bankers the most important clients to Absa banking.
With the Premium Banking Account, you get access to Absa rewards program and you get rewarded through the Visa platform. The account comes with lifestyle and travel benefits.
The Absa Premium Banking Account is a cheque account for private banking clients. The premium banking account charges a monthly service fee of R190.00 and offers discounts of up to 50% on the monthly service fee. To qualify for the premium banking account, one must earn R25,000.00 or more per month and be over the age of 18.
The account comes with a death lump sum benefit of R25,000.00. There is also a retrenchment cover of R10.000.00 which is payable over two months in two equal instalments. Clients also get a disability cover of R10,000.00 which is payable over two months in two equal instalments.
The account has an overdraft facility that clients can utilize whenever they run out of cash in their account. Furthermore, premium banking clients can get access to further loans such as revolving loans and instant loans.
|1||Monthly service fee||R190.00|
|2||Cash withdrawal at an Absa ATM||Up to R6,500.00 included per month, thereafter R2.00 per R100.00|
|3||Cash deposit at an Absa ATM||Up to R6,500.00 included per month, thereafter R2.00 per R100.00|
|4||Branch cash deposit||R60.00|
|5||Branch cash withdrawals||R75.00 + R2.10 per R100.00|
|6||Debit card purchase fee||Unlimited|
|7||Point of sale cash withdrawal fee||Unlimited|
|8||Accounts payments via Absa ATM, online, telephone, or mobile||Unlimited|
|9||Internal debit order fee||Unlimited|
|10||Stop Order fee||Unlimited|
|11||Balance enquiry at an Absa ATM, point of sale, online, mobile and telephone||Unlimited|
|12||Statement enquiry at Absa ATM, online, and telephone||Unlimited|
|13||Notifications (via SMS or Email) fee||Free|
|15||Monthly subscription fees||Free|
|16||DragonPass monthly fee||Fees apply|
|17||Immediate interbank payments online, mobile or telephone||R65.00|
|18||Immediate interbank payment via telephone advisor||R72.00|
|19||Funds transfer at an Absa branch||R75.00|
|20||Funds transfer over the telephone||R7.00|
|21||CashSend at an Absa ATM, online, or mobile||R2.00 per R100.00|
|22||Transaction history enquiry online, mobile, telephone||Free|
|23||Copies of statements less than 4 months old||R32.00|
|24||Copies of statements 4 months or older||R75.00|
|25||Stop payments online||R32.00|
The Absa Premium Banking Account offers a great way to private banking. The account offers many free transactions and travel benefits that someone who transacts many times or travels a lot can enjoy.