Motshelo Savings Account
With this account you enjoy an attractive interest rate, free funeral cover for P2,000 each for 10
nominated members and a range of other benefits and rewards.
- Free funeral cover of P2,000 each for 10 nominated members
- Free first chequebook
- SMS alert notifications so that you can track account activity
- Attractive interest rate for a better return on your savings
- Interest paid into the account monthly
- Free cash and cheque deposits in branch
- Unlimited withdrawals
- Access to internet banking
- A minimum of two people are required to open the account.
- You need P500 operating balance.
- You need to select two signatories to maintain the account on behalf of other members.
- You don’t need a formal constitution to open the account.
- You don’t have to be Absa customers to open a Motshelo Savings Account.
- A deposit of at least of P500 to open your account
- Address verification documents for the selected signatories (water, electricity or phone bill)
- Copies of certified Omang/Passport for all members of the group
- Confirmation form signed by all members
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