Hi. I was wondering if anybody can advise me, or direct me to advice, about Absa's silver banking package. Is getting a Silver current account with a Silver credit card for R110-00/month and 25 free transactions a good deal or not? Thanks.
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Absa Silver Package
- Thread starter philthom
- Start date
FNB R90 for Gold + ebucks + fuel savings + bandwidth
Silver is R85
Smart cheque is R69
Unlimited transactions
Capitec
Eish you barely pay hehe, but no credit card
Anything is better than ABSA these days
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blunomore
Honorary Master
ABSA ......... don't go there. It's the devil.
+1000000000000000000000000000000000000000000000000000000000000000000000000000000
Made the switch today after more than 10years, feel like i just found a cure for cancerious bank fees!
McGuywer
Executive Member
You guys reckon FNB is the way to go?
Right now, either FNB or Capitec IMO. With FNB's "Electronic Payment" option, your electronic transactions have a capped service fee. So all debit-card payments and transactions done via internet banking cannot exceed a fixed total. Using this, my monthly fees rarely exceed R120/month.
The Absa Silver and Gold packages can run up exorbitant fees if you do more than the number of transactions they stipulate, since it's very easy to do more than 1 transaction per day.
kissingmybbgoodbye
Expert Member
yup avoid ABSA
http://www.banking-finance.co.za
ABSA is one of the most expensive banks you can go for unless you enjoy being sucked dry of your money
http://www.banking-finance.co.za
ABSA is one of the most expensive banks you can go for unless you enjoy being sucked dry of your money
I think the reason Absa invented the package solution is so that disciplined users don't pay too high a fee for bank charges. If you compare Absa's silver package with FNB's silver, than the difference you pay per month is only R25-00. But FNB doesn't even offer you a credit card, only the cheque account (if I'm not mistaken).
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???? FNB gives Unlimited free swipes? Free Fuel swipes? Free internet banking, Free debit orders, Free cash withdrawls at ATM
What am i missing here? How is that comparable to ABSA's terrible pricing?
Absa also offer those for free, but only up to 25 transactions/month for the silver package.
Ok, neither are free really. With FNB, you pay up to a maximum capped fee, then the rest of the month's are free. Absa gives a set number for a set fee and then you pay for any transactions beyond the set number. FNB's is less risky though. I'd rather be able to continue doing swipes and withdrawals with FNB without risking high fees though.
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guest2013-1
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Anything-ABSA = not a good deal at all
I'd also advise against using Capitec as they're using ABSA's services and essentially piggy backs off of them
I'd DEFINITELY recommend FNB
Mike Hoxbig
Honorary Master
Really? You get free internet banking with Absa? Does internet banking even work with Absa (judging by the last few days)?
You're impressed by Absa's silver package just because it's a bundle, and costs R110. But have you actually done the calculations, or have you already made up your mind and are now trying to justify your decision? FNB silver cheque account - R85, credit card - R16.25. Total - R101.25. Unlimited transactions, free internet banking, free inContact, etc.
bluejhb
Well-Known Member
's Savvy Account! R85 will all electronic transaction free, debit order(unlimited)
bluejhb
Well-Known Member
Nedbank's Savvy
I haven't made up my mind. I'm only asking and counter-asking. If FNB is better than I'll go with FNB. I'm trying to be objective in deciding which is best and certain emotional responses, such as calling Absa the devil, isn't helpful.