ABSA Private Bank Young Professionals

ABSA Private Bank Young Professionals

Below is the information on the ABSA Private Bank Young Professionals.


Get bespoke banking to suit your personality and profession. If you’re under the age of 35, in your final year of study or you have already acquired your degree, you could be eligible for our Private Banking for Young Professionals. Webchat with one of our experts and find out more.

Here’s what you need to know

Who qualifies?

Anyone who is under the age of 35, in their final year of study with a letter of appointment in their field of study; or have graduated and are employed or training for any of the following degrees.

1Medical professionalsMedical doctors, dentists, pharmacists, optometrists, chiropractors, anaesthetists, vets, surgeons, etc.
2Chartered accountancyChartered accountants
3Actuarial sciencesActuaries, statisticians, mathematicians, data scientist
4LawAdvocates, attorneys, lawyers
6EngineeringAll 4 year BScs, B.Tech, B.Eng; All engineering disciplines
7OtherAviation (commercial airplane trainee pilots); management consultants with either a masters or doctorate degree working in a professional service or consulting firm; BCom Honours in Business Science.

Access to credit

  • Credit card
    • Preferential interest rates on straight or budget purchases
    • No card monthly account or service fee
    • Purchase on your credit card for up to 57 days interest free
  • Vehicle finance
    • Prime less 1% on first new or used vehicle
  • Home loan
    • Up to 100% loan to value for first time home buyers
  • Overdraft
    • Preferential interest rate on overdraft amount used
  • Personal loan
    • Preferential interest rate on loan amount

Day-to-day banking

Get access to a Private Banking account that offers you an all-inclusive transactional solution for a discounted monthly management fee.

  • Features and benefits include:
    • Free online and mobile banking app
    • Unlimited NotifyMe SMS or email notifications
    • Unlimited Point of Sale card swipes (local)
    • Free Absa and Saswitch ATM cash withdrawals (local)
    • Free  Absa ATM cash deposits
    • Embedded Absa Rewards
  • Debit card with contactless tap and pay
Absa Rewards

Receive cashback and enjoy various rewards and discounts.


Access to an overdraft facility

Get additional funds when you need it the most.

Personalised debit card

For easy access to your account whilst you earn rewards with every swipe.

Exclusive benefits

Enjoy a range of exclusive rewards and loyalty offerings


10 free Take-Me-home trips per annum within a radius of 50km.

Multi-Currency Cash Passport

Can be loaded with up to four different currencies and offers basic travel insurance.

Local airport lounge access

Free and unlimited access at local BidVest airport lounges with your Private Banking credit card.