The Absa Student Silver Account is a transactional account designed specifically for full-time undergraduate students pursuing a degree or diploma for at least one academic year. Students pursuing a master’s degree or a full-time honours degree will also benefit from this account. The account includes features that are only available to undergraduates and post-graduates, as well as a low monthly service fee.
Clients are rewarded with free data bundles, food coupons, and Intercity or TravelStart travel vouchers. The Student Silver Account is a bank account for students who want to get into professional banking. Account holders have four years to use this account before being promoted to the Absa Gold Graduate Account, which provides even more privileges and financial services.
Undergraduates and postgraduates between the ages of 18 and 27 can open an Absa Student Silver Account, which is a cheque account. The account has a monthly service cost of R29.00 and a 2.75 percent international transaction fee. For easy transactions, the student silver account offers with 24/7 access to the Absa digital platforms. Clients who conduct at least five debit or credit banking transactions each month, two of which must be prepaid transactions, are eligible for a variety of lifestyle advantages.
Lifestyle benefits include:
The Absa Student Silver Account has some of the best transactional benefits and arguably the savviest bank account from Absa. Unlimited services include NotifyMe SMS, electronic payments, ATM balance enquiry, ATM cash deposits, internal electronic fund transfers, CashSend withdrawals, and card swipes.
|Monthly service fee||R29.00|
|Absa ATM cash withdrawals||Free|
|Absa ATM cash deposits||Free|
|CashSend at an Absa ATM||Free|
|Absa ATM balance enquiries and mini statements||Free|
|Electronic funds transfers||Free|
|Electronic account payments||Free|
|Local Point of sale purchases||Free|
|Local point of sale cash withdrawals||Free|
|Debit orders and stop orders||Free|
|Cash withdrawals at an Absa branch||R75.00 + R2.10 per R100.00|
|Cash deposit at an Absa branch||R60.00|
|Overseas Point of Sale purchases||R4.00|
|Overseas point of sale cash withdrawals||R75.00|
|Immediate interbank payments online, mobile||R65.00|
|Immediate interbank payments telephone adviser-assisted||R72.00|
|Debit card replacement fee||R140.00|
|Stop payments at an Absa branch||R75.00|
|Stop payments online||R32.00|
|Debit card delivery fee||Free|
|Full statement at an Absa branch||R32.00|
|Stamped statements at an Absa ATM||R16.00|
The Absa Student Silver Account offers a smart way to start banking as a young professional and comes with many benefits at no extra charge. The account is affordable especially if one performs transactions electronically. Transactions at an Absa branch should be avoided as they come with extra charge and sometimes unbearable.
The Student Silver debit card can be used to make purchases or withdraw money for free. So making use of the Student Silver debit card can save you money especially when you use the card at an Absa ATM. Using the Student Silver debit card at other banks’ ATMs will cost you, therefore, one should avoid doing so.