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Meet the bank Absa - Medupi

Meet the bank Absa

Geovana Ramos
December 11, 2023

ABSA, the African Bank of South Africa, is a financial institution originating in South Africa. Its origin dates back to 1991, when it emerged as a subdivision of Barclays Africa Group Limited, achieving independence in 2017.

ABSA has played a crucial role in the financial landscape in and around South Africa. Over time, it expanded its operations beyond South African borders, consolidating a presence in several African nations and beyond. Its activities encompassed a wide range of financial products, including personal, business, investment banking and other services.

Fees and commissions

Minimum opening balance	R5,000
Minimum balance to earn interest	R10,000
Maintenance fee	Free
Statement (copy - per sheet)	R40
ATM withdrawals (at other local banks)	R50
ATM withdrawals (overseas ATMs)	R75
Standing Orders (to another Absa Account)	R15

To learn more visit: www.absabank.mu/en/rates-and-fees/

Absa Products Reviewed by Absa:

Absa Flexi Core Credit Card

How to open an account

Starting an account on Absa is remarkably simple and surprisingly fast.

Requirements to open your account:

A valid South African ID with barcode or a valid foreign passport.
Proof of address

To open your account, follow the steps below:

Online registration: provide the necessary information at your convenience
Digital KYC verification: complete your KYC verification process digitally
Start of banking activity: everything is ready! Your Digi debit card will be mailed to you. Enjoy banking services that expand your options.