Absa Joint Account Requirements

What are the Absa joint account requirements? Absa is one of the best banks in South Africa for those looking to create joint accounts. Perhaps you are a married couple looking to pool your resources. Or maybe you are a group that wishes to create a single account. The Absa joint account is the best option in this regard. But what do you need to have to qualify for this bank account.

What do I need to open an Absa joint account

The following are the Absa joint account requirements;

  1. You need to have ID cards for all the people who will be signatories to the account.
  2. Proof of residence for the signatories.
  3. An opening deposit that varies depending on the type of group savings account that you are opening. For the Investment Club Account, you need R100. For the Travel Club Account, you need R1000. For the Grocery Stokvel Account, you need R50.

What types of joint accounts are offered by Absa?

The above requirements are for those looking to open group savings accounts. With Absa, you have a couple of options regarding joint accounts. The one given above is probably the easiest to manage.

A lot of married couples want to open joint accounts. That’s possible in South Africa. However, one thing that you need to note is that such an account can be troublesome in the event that the main signatory dies.

Joint accounts do not really exist in South Africa. What exists is an account that has one main owner and the spouse (or another person) as a signatory. So, when the main account holder dies, the account is automatically locked and the spouse cannot access it.

That can become a major challenge where you need money to deal with funeral expenses.

Find out how to play Lotto on the Absa app


Those are the Absa joint account requirements. In this article, we noted that there are 2 options for those looking to create joint accounts. You can have an account that has a main signatory and another person who has signing rights.

It’s also possible to create a group savings account. Such an account can have up to many signatories. You can create an investment club account, a Stokvel account and a travel club account this way.

To learn more, get in touch with Absa on their call centre number


    1. Please reach out to Absa or visit your nearest branch. Search for their contact details on this site. Or look for their social media handles and leave them a message, either on Facebook or on Twitter.

  1. Good day,

    My girlfriend and I want to open a joint account (an Investment Club Account) at Absa. The problem is she is in Cape Town and I am in England. I have my South African ID with me here in England and I still have a registered residence in Cape Town. I have been an Absa client for many years. I have an Absa Savings Account and an Absa Cheque Account. My girlfriend banks with another South African bank. How do we go about opening a joint account (an Investment Club Account)?

    Your help and advice will be appreciated.

    1. Hi. We reached out to Absa and the following is their response;

      Hi there. Thank you for contacting us. Our products are specifically designed for local use, and therefore, you will need to visit an Absa branch to open an account.

    1. You are better off walking into a nearby Absa branch to get help. In terms of transactions, there is, according to Absa, really no joint account. What they have is an account which has a main account holder and another person with the right to use that account. Problems arise in the case of death or if you break up in your case.

  2. I am staying withbmy girl friend for 4 years, can we be able to make a joint account. We are both working but we differ in salaries?

    1. Legally, there are no joint accounts in South Africa. What you can do is to have an account with a main signatory and another person able to use that account. An issue may arise in the event that the main signatory has died or in the event that you break up. The minor signatory will have to go through a lot of admin work to get access to the funds. So, there is no joint account with equal status. It’s probably best to pool your money some other way. But if you wish to go down this route, get in touch with Absa directly

  3. Can I have an account and havrle someone from Zimbabwe who is here on a study visa as a co-signator

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