ABSA Bank

Absa bank is one of the largest banks in South Africa that caters to the personal, corporate as well as commercial customers in South Africa.

• It offers a variety of banking services right from the basic banking products to the low income group people to the wealthy products and services to the elite.
• This
  bank was formed because of the amalgamation of Volkskas group and the USB holdings in the year 1991.
• Today the Absa bank is listed on the JSE listings and is proud to be the largest financial services provided in South Africa.
• The bank has assets worth R754 billion, 112 million customers, 9214 automated teller machines and and around 36,000 employees working in the bank.
• The bank has also created an international presence by opening branches in the United States of America(USA), UK, Asia, Europe and Africa.
• The strategy of the bank is to enhance the competitiveness of baas and also be the leader in retail banking market.
• It maintains a cordial relation with all its customers, stakeholders, employees, community, government and the public at large.
• ABSA also provides a variety of loans such as student loans, education loans, personal loans and home loans to its customers.

Internet Banking

ABSA bank Internet banking is a online banking facility provided by the ABSA bank, which facilitates online transactions.

The various facilities offred by Absa Bank are:

• The new account is active immediately on the completion of the online transaction
• One can transfer the funds to the receiver electronically and th ereceiver can withdraw th emoney from any ABSA Bank ATM without any need of any bank account or card.Just the receiver needs the access code generated by the sender.
• With Western Union, one can transfer funds internationally and that too easily and electronically from anywhere in World.
• The facility of Online Share Trading gives the option to access your portfolio, real-time transactions anytime i.e. 24 hours.
• The users of internet banking of Absa Bank can pay traffic fines easily and get proof also of the payments.
• There is a consolidated view of all the unit trust
  investments held with Absa Bank through MyAbsa on Internet Banking which canbe accessed easily.
• Make UIF and SARS payments online.
• There are authorisations in order to provide access to additional users and limit the functioanlity as required.
• As there are many settings available, one can customize the same according to the preferences and update the personal information like address easily.
• When one will Logon, Absa Bank gives security notifications of all the internet banking activities of the users.
• One can link the vehicle finance account to their profile in order to view the financing details and see the outstanding balance and transaction history.
• Maintenance of daily payment limits of transactions of your account
• Easy to do Stop Payments.
• Get payments reminders
• Get eStatements via Email and preserve for future reference.
• See balances,statements and its history online and manage your finances
• One can access their bank accounts online any time and from any where. You just need to have an internet connection and a laptop to know the current status of your bank account.

The Internet Banking is best suited when

• One needs to access the bank account at odd hours i.e. late nights.
• One wants to work from home or office and not want to stand in the long queues in order to get the work done in the bank.
• one wants to manage the finances on its own

In order to use the online banking services, you will require a unique login id and a password provided by the bank.
This login id can be used to sign in to your personal account and perform the desired banking transactions. Internet banking is a completely safe and a secure procedure that not only saves time but also puts an end to standing in long queues. In order to be eligible for the online banking facility, you will have to register with the bank and complete all the registration formalities. Once you are done with it, you can contact the helpline number and make your payments. Details on your savings account can also be found out online.

Services

The bank offers various types of services to individuals, small businesses and commercial entities. Following is the list of services which customers can avail:

• Individuals: ABSA bank offers following services to the customers:
  • Absa Banking services: In this customers can avail cheque accounts, absa credit cards, various types of packaged solutions(such as Gold, silver, Platinum, student account etc), and exclusive banking services.
  • Absa Borrowing services: The bank offers various types of loans such as absa home loans, education loan, absa vehicle loan and lifestyle related loans.
  • Absa Insurance services
  • Saving and investment services
• Small Business: The bank also offers banking, supporting, financing, protecting, accessing and funding services to small businesses.
• Commercial: Coomercial services include banking, international, financing, managing, funding, and sector focus advices to commercial entities.

Bank Branches

The bank has opened branches in various locations such as Cape town, Gauteng, Durban, Midrand, Bryanston. The head office of Absa bank is located in Johannesburg. It has also created an international presence by opening branches in USA, UK, Asia, Europe, Australia and Africa. Its branches are spread across in Arizona, Canberra, Caroline, Miami, Edmonton, Lancaster, Phoenix, Tucson, Victoria, Arcadia, Bellville, Florida, Goodwood, Kempton park, and Namibia.

Credit Card

The ABSA credit card division handles everything about credit cards. Right from handling enquiries to providing credit card statements and answering about the application status, this credit card division provides complete information.

The different types of credit card available are

• Classic Credit Card
• Silver Credit Card
• Gold Credit Card
• Student Credit Card
• Platinum Credit Card
• ABSA Private Bank Credit Card
• MasterCard Electronic Credit Card
• Garage Card
• Affinity Credit Card

By filling up an credit card application form, you can apply for any of the credit card online. The payments can also be made online with the Internet banking facility.

You can contact ABSA Credit Card division at 0800 11 11 55 .

If Credit Card is lost and if one wants to apply for Credit Card, call 0861 11 44 11 or Email on contactcard@absa.co.za

Packages

  1. 11. Student Banking - Get Student Silver Current Account and easy access to student loans.

2. Youth Banking - Get Debit card based savings account

3. Seniors Banking - Get the rewards and convenience of Prosperity Account number along with lifestyle enhancing services of the Prosperity Club.

4. Silver Banking - Save R100 per month along with Silver current account,credit card and other unique benefits

5. Gold Banking - Save R110 per month along with Gold current account,credit card and other attractive benefits

6. Platinum Banking - Save R300 per month along with Platinum current account,credit card and other lucrative benefits

Home Loans

ABSA home loans are available for buying a first house, refinancing an existing loan, furnishing your house or for investing in property. The home loan application forms can be filled online and sent to the concerned department. All the home loan requirements such as minimum income, age group etc should be fulfilled. ABSA bank also provides a home loan calculator which is used to calculate the estimated repayments. All the calculations done in the calculator is only an estimated amount and may not be the final amount that would have to be repaid. The interest rates at which home loans are offered are also affordable by the customers. It gives the customer an option of different interest rates so that it becomes easy for him/her to decide for the type of housing loan to choose. In case of any doubts, the customer care department can be contacted at any time. The home loan officials would clear all the doubts incurred.

Careers and Vacancies

Absa bank offers a variety of career programs such as financial analysts, customer service executives, home loan specialists, marketing executives, human resources executives and so on. To search current vacancies with the bank, you can go to the bank's website directly and enter your details. The bank's recruitment program happens twice a year in which all the applicants are called for a written test and a personal round of interview. The presently vacant positions are available in Cape town and Durban. You can contact the bank personally for more details on their careers, jobs or vacancies with the bank.

Swift Code

ABSA bank swift code in South Africa is ABSAZAJJ. This is an eight character code that is used to identify the banks from other banks in the country. It is very useful whenever there is an international transaction of money from one bank to the other or from one branch to the other. This code is unique and each financial institution operating is given a swift code. SWIFT based payments in South Africa are based on certain rules set by Payments Association of South Africa.

Contact Address
3rd Floor, Absa Towers East,
170 Main Street, Johannesburg,
Tel: 011 350 4000

e-mail: absa@absa.co.za .

For more information on the ABSA bank you can log on to their official website which is www.absa.co.za