How to Open An ABSA Bank Account Online

Open an ABSA Bank Account Online

There are a lot of ABSA bank accounts, so it could be easier to switch to Absa. Simply choose the bank account that suits your lifestyle and fill in the online application form.


We have kept our fees as low as possible. Absa’s new pricing is aimed at alleviating pressure from further financial strain during these uncertain times. Notably, youth and student accounts are free, and the Absa Transact, Gold Value Bundle, Premium, and Private Banking will have no monthly increases, while still offering retrenchment, disability, and death benefits.

Free Banking for Students

Our student cheque accounts have zero monthly fees and all day-to-day transactions are free.


Cover for rainy days. Get instant money into your account to cover for unexpected expenses.

Lower Digital Payment Fees 

Immediate inter-bank payment fees will be reduced to R10, based on customer feedback.

No Increases in Monthly Fees

No increase in monthly fees on Transact, Flexi, Gold, Premium, and Private bank accounts.

Free Accidental Cover for 12 months

Apply for a free accidental policy from Absa Life on the App. Limited to the first 200 000 customers and valid for 12 months.

Gold Value Bundle 

Recommended income:
R4 000 pm

Monthly fee:

  • Retrenchment cover of R5 000
  • Disability cover of R5 000
  • R20 000 lump sum death benefit

Apply now

Premium Banking

Recommended income:
R25 000

Monthly fee:

  • Retrenchment cover of R10 000
  • Disability cover of R10 000
  • R25 000 lump sum death benefit

Apply now

Transact Account

Recommended income:


Monthly fee:

  • Your income must be less than R3 000 pm
  • Unlimited point-of-sale (POS) purchases
  • Unlimited Absa ATM or POS balance enquiries