How To Open A Bank Account With ABSA South Africa


South Africa is popularly referred to as the economic powerhouse of Africa. It is undoubtedly one of the wealthiest and most developed countries of Africa. It has so much to offer from natural resources and amazing vacationing spots to business opportunities and awesome banking services. Indeed the banking services offered by most of South Africa’s financial institutions are commendable. ABSA is one of the leading banks in the country. It is a bank like any other but their services are simply out of this world. Opening a bank account with ABSA would prove to be a prudent decision for just about anyone.

See Also: How to Apply for and Use South Africa Standard Bank Internet Banking

The Amazing History of ABSA

ABSA is an abbreviation for Amalgamated Banks of South Africa. This bank was formed in the year 1991 after the Volkskas and Sage group of banks merged. The following years saw the acquisition and inclusion of the likes of Trust Bank, Sen Bank, Bankorp and Bank Fin. ABSA has a strong presence all across the African continent with representation in other big economies such as Kenya, Mozambique, Botswana, Nigeria and many others.

Just recently in August 2013, ABSA decided to effect a name change to Barclays Africa Group Limited with their headquarters in South Africa. The name might have been changed but the quality of the services has not been altered southward in any way. As a matter of fact ABSA seems to be improving of the number and quality of services that they have on offer. It is a guarantee that you will get yourself superb services when you sign up for an account at ABSA.

ABSA South Africa

See Also: How to Open a Bank Account With ABSA

Registering for an Account

Anyone wondering how to open a bank account with ABSA South Africa needs to know that it is among the easiest things in the world. This is the digital age. Long gone are the days when you have to rush to the banking hall well before it is opened to the public, make long queues only to be treated to pointless banking talk that you really do not need. You can easily open an account with ABSA South Africa right from the comfort of your home. In fact you will not have to get out of bed to do it.

Simply grab your internet enable device – laptop, tablet or even smart phone and pay a visit to the ABSA South Africa official website Through this website you will be able to register for an account. It could be a personal account or a business (institution) account that you want to open all of which come with different but very good packages.

See Also: How to Use Standard Bank Internet Banking Service

Packages on Offer

There is the savings account that never misses at any bank. Savings accounts are meant to enable people to save up for a particular cause. With ABSA you will get more than just a saving account. There are savings accounts specially designed for teenagers and children as well as low-income individuals. The savings accounts from ABSA are great because it has a significantly lower minimum balance compared to many other banks in the region. You can also access information about your account through the internet with such tremendous ease.

Fixed deposit accounts cannot be lacking at ABSA. This is a really great option for those people who are looking to earn good interests. A fixed deposit account at ABSA is a good investment idea because you will get to earn a healthy interest from it. The interest rates offered by ABSA for both the fixed deposit and savings accounts are considerably better than those that you will find at several other banks across the country.

Online Registration

You always have the option of visiting the bank or opening your account through the internet. When you are on the bank’s homepage you will  see several option to select from. You can open an individual account or a commercial account. Each of them has their different benefits and target client. It is up to you to decide on which account option you want to go with. The process of opening an account through the ABSA website is pretty simple to follow. Fill in the correct information as it is required and within a few minutes you will have your own account. There are contacts available on their website through which you can get in touch with customer service.

Like BuzzSouthAfrica: