Absa Student Silver Account is a transactional account tailored to suit the requirements of full-time undergraduate students studying towards a degree or diploma for at least a full academic year. The account is also suitable for students studying towards their master’s degree or a full-time honours degree.
The account comes with benefits that are unique to undergraduates and post-graduate and also charges a low monthly service fee. Clients get rewards that include free data bundles, food vouchers and travel vouchers from Intercity or TravelStart.
The Student Silver Account is an account that students use to start banking professionally. Account-holders get to use this account for four years and then after are upgraded to the Absa Gold Graduate Account which offers even better benefits and banking services.
Absa Student Silver Account is a cheque account for undergraduates and postgraduates between the age of 18 to 27 years. The account comes with a monthly service fee of R29.00 with an international transaction fee of 2.75%. The student silver account comes with 24/7 access to the Absa digital platforms for seamless transactions.
Clients can qualify for a number of lifestyle benefits if they complete at least five debit or credit banking transactions per month of which at least two must be prepaid transactions. 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.
|1||Monthly service fee||R29.00|
|2||Absa ATM cash withdrawals||Free|
|3||Absa ATM cash deposits||Free|
|4||CashSend at an Absa ATM||Free|
|5||Absa ATM balance enquiries and mini statements||Free|
|6||Electronic funds transfers||Free|
|7||Electronic account payments||Free|
|8||Local Point of sale purchases||Free|
|9||Local point of sale cash withdrawals||Free|
|10||Debit orders and stop orders||Free|
|11||Cash withdrawals at an Absa branch||R75.00 + R2.10 per R100.00|
|12||Cash deposit at an Absa branch||R60.00|
|13||Overseas Point of Sale purchases||R4.00|
|14||Overseas point of sale cash withdrawals||R75.00|
|15||Immediate interbank payments online, mobile||R65.00|
|16||Immediate interbank payments telephone adviser-assisted||R72.00|
|18||Debit card replacement fee||R140.00|
|19||Stop payments at an Absa branch||R75.00|
|20||Stop payments online||R32.00|
|21||Debit card delivery fee||Free|
|22||Full statement at an Absa branch||R32.00|
|23||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.