If you are unemployed or earn less than R2 000 per month, this basic and affordable transactional account will meet all your banking needs

Apply now

No monthly fee for internet banking

Use our internet banking to transact with no monthly fees.

Top-up prepaid

You can top up your prepaid electricity and airtime using this account.

Access to Absa loans

You access to Absa loans, if you qualifying criteria.


Get alerts whenever there is transactional activity on your account.

How to get it and what you can expect:

To open a Transact account you will need:
  • A valid, bar-coded South African identity document
  • Proof of residence
  • To close any existing Absa transactional account/s in order to open an Absa Transact account
Account features
  • No minimum balance required to open an account
  • Access and manage your money 24-hours a day
  • Bank card is issued at no fee
  • No minimum daily or opening balance is needed to open or keep the account open
  • Access to NotifyMe, a service that alerts you whenever there is activity on your account
  • Buy prepaid electricity
  • You can top-up your prepaid airtime account
How to use the account to transact
  • Purchase goods using your debit card at any merchant or shop where the Maestro/Visa Electron logo is displayed
  • Use this account for international transactions
  • Make withdrawals, deposits, transfers, account payments, print balances and statements at any Absa ATM
  • Depending on whether you qualify, you will have access to Absa loans
  • Monthly statements and interim statements are available on request, for a fee, from Absa ATM’s or branches

Need more help?

Let one of our bank account consultants help you get the best account for your needs.

Ask a bank consultant