List of Absa Bank Personal Accounts: Benefits, Requirements, and Features

Absa Personal Accounts

Absa Bank offers a variety of personal accounts that cater to different lifestyles and goals. Whether you want a simple and flexible pay-as-you-go account, a bundled account with savings, investment, and insurance solutions, or a prestige account with exclusive benefits and services, you can find the right account for you at Absa Bank. In this blog post, we will explore the benefits, requirements, and features of all Absa Bank personal accounts: Absa One Account, Ultimate Account, Prestige Account, and others. Read on to find out more about these accounts and how to open them online.

1. Absa One Account

Absa One Account is a personal account offered by Absa Bank Limited. The Absa One Account is a simple and flexible pay-as-you-go account that offers a range of savings, investment, and insurance solutions, plus rewards opportunities when you take up additional products.

Absa One Account Key benefits

  • Pay zero monthly maintenance fees
  • Get a debit card and chequebook
  • Access unsecured loans up to KES4,000,000
  • Open a digital savings account for free
  • Make secure local and international payments

Absa One Account Requirements

  • National ID, passport ID, or Service ID
  • Email Address
  • Phone Number
  • Photos of ID

How to Open Absa One Account

To open an Absa One account you need to have your Kenyan national ID and a photo or PDF of your signature on a white background, and make sure that your front camera is enabled.

  • Visit www.absabank.co.ke
  • Click on “personal,” then “Accounts.”
  • Click on Absa One under Personal Accounts
  • Click open account online
  • Enter your information, accept the terms and conditions, and click next
  • You will receive OTP via SMS
  • Enter OTP and click next
  • Create a username and password and click next
  • You see a confirmation screen

2. Ultimate Account

Ultimate Account is another personal account offered by Absa Bank Limited and has its own unique features. To open a bundled Ultimate Account, you must pay KES 690 a month and benefit from savings accounts (available in KES, USD, and GBP), vehicle finance, and an Absa home loan or equity release that offers repayment of up to 25 years at competitive interest rates.

Ultimate Account Key benefits

  • Get free ATM withdrawals
  • Access a vertical debit card
  • Access a classic credit card
  • Apply for unsecured loans up to KES4,000,000
  • Get free domestic home content insurance
  • Make secure local and international payments

Ultimate Account Requirements

  • National ID, passport ID, or Service ID
  • Email Address
  • Phone Number
  • Photos of ID

How to open an Ultimate Account

To open an Ultimate Account, you need to have your Kenyan national ID and a photo or PDF of your signature on a white background, and make sure that your front camera is enabled.

  • Visit www.absabank.co.ke
  • Click on “personal,” then “Accounts.”
  • Click on Ultimate Account under Personal Accounts
  • Click open account online
  • Enter your information, accept the terms and conditions, and click next
  • You will receive OTP via SMS
  • Enter OTP and click next
  • Create a username and password and click next
  • You see a confirmation screen

3. Prestige accounts

The Prestige account is another personal account offered by Absa Bank Limited and has its own unique features. Prestige accounts are designed to suit your ambitious lifestyle. You will get free retrenchment coverage, free gadget coverage, a free savings account, and foreign currency current accounts in all major currencies. Enjoy extended banking hours in our key branches like Queensway, Yaya, Sarit, Kisumu, Eldoret, and Nyali.

Prestige Account Key benefits

  • Get a free Absa Platinum Debit Card
  • Get a free Absa Platinum Credit card
  • Benefit from a personal banker and online support
  • Access unsecured loans of up to KES5,000,000
  • Get discounted interest rates and preferential pricing on loans and mortgages
  • Bundled account for only KES 1,500 a month.

Prestige Account Requirements

  • National ID, passport ID, or Service ID
  • Email Address
  • Phone Number
  • Photos of ID

How to open a Prestige account

To open a Prestige account, you need to have your Kenyan national ID and a photo or PDF of your signature on a white background, and make sure that your front camera is enabled.

  • Visit www.absabank.co.ke
  • Click on “personal,” then “Accounts.”
  • Click on Prestige account under Personal Accounts
  • Click open account online
  • Enter your information, accept the terms and conditions, and click next
  • You will receive OTP via SMS
  • Enter OTP and click next
  • Create a username and password and click next
  • You see a confirmation screen.

4. Premier account

The Premier account is another personal account offered by Absa Bank Limited and has its own unique features. Premier accounts offer executives exclusive preferential pricing on loans, deposits, and foreign exchange. Amplify your local and offshore investments through a team of qualified relationship managers and foreign exchange dealers, and enjoy access to a suite of banking solutions both locally and abroad.

Premier account Key benefits

  • Get a Free Platinum Debit Card
  • Get automatic access to a Signature Credit Card
  • Access unsecured loans of up to KES6,000,000
  • Get an automatic overdraft of KES140,000
  • Access foreign currency loans, mortgages, and accounts
  • Enjoy a 100% waiver of maintenance fees when your balance exceeds KES7 million.
  • Bundled account for only KES3,100 a month

Premier account Requirements

  • National ID, passport ID, or Service ID
  • Email Address
  • Phone Number
  • Photos of ID

How to open a Premier account

To open a Premier account, you need to have your Kenyan national ID and a photo or PDF of your signature on a white background, and make sure that your front camera is enabled.

  • Visit www.absabank.co.ke
  • Click on “personal,” then “Accounts.”
  • Tap on Premier account under Personal Accounts
  • Click open account online
  • Enter your information, accept the terms and conditions, and click next
  • You will receive OTP via SMS
  • Enter OTP and click next
  • Create a username and password and click next
  • You see a confirmation screen.

5. Ignite account

Ignite account Key benefits

  • There is no maintenance fee 
  • No minimum balance required
  • Access to cash with Mpesa
  • Access to Zidisha Savings Account
  • Free debit card

Ignite account Requirements

  • National ID, passport ID, or Service ID
  • Email Address
  • Phone Number
  • Photos of ID

How to open an Ignite account

To open an Ignite account, you need to have your Kenyan national ID and a photo or PDF of your signature on a white background, and make sure that your front camera is enabled.

  • Visit www.absabank.co.ke
    Click on “personal,” then “Accounts.”
    Select Ignite account under Personal Accounts
    Click open account online
  • Enter your information, accept the terms and conditions, and click next
    You will receive OTP via SMS
    Enter OTP and click next
    Create a username and password and click next
    You see a confirmation screen.

6. Savings Account

There are different types of savings accounts different types of savings accounts offered by Absa bank. The following are the types of savings accounts offered:

Types of Absa Bank Savings Accounts

Absa Digital Savings Account

Secure your future with a high-rate savings account that gives you the power to reach your savings goals through compound interest

  • 9% interest per year, paid monthly
  • No charges are applicable
  • No minimum balance required
USD foreign currency account

No minimum balance is required, and no charges are applicable. Interest of up to 2.5% per annum, paid monthly.

Interest rate balance band:
  • 0 – 5,000: 0.00%
  • 5,000 – 25,000: 1.00 %
  • 25,000 – 100,000: 1.50%
  • 100,000 – 500,000: 2.00%
  • >500,000: 2.50%
GBP Foreign currency account

No minimum balance is required, and no charges are applicable. Interest of up to 1% per year is paid monthly.

Interest rate balance band:
  • 0 – 5,000: 0.00%
  • 5,000 – 25,000: 0.30 %
  • 25,000 – 100,000: 0.70%
  • 100,000 – 500,000: 0.75%
  • >500,000: 1.00%
Absa Junior Savings Account
  • No charges are applicable and no minimum balance required
  • Competitive interest rates starting from 7% interest per annum
  • Access to fun and developmental activities centred on science, art, sports, travel and technology
  • Free piggy bank when you fund your Absa Junior Account
  • Quarterly events focusing on science, technology, arts, theatre, sports, and musicals
  • Exclusive access to Absa Junior Partners with discounts and offers on events
  • Access to education policies for long-term savings, medical insurance, etc
Fixed Deposit Savings Account
  • Minimum balance required is KES 50,000 to open the account
  • No Account charges
  • Competitive interest rates
  • Choose your interest payment frequency from monthly to annually
Twin Reward Account

This call account is designed to let you gain interest on your excess cash, plus you can withdraw the funds whenever you need it. No minimum balance is required to open the account, and no monthly fees are applicable. Interest is paid out monthly.

Savings Account opening Requirements

  • National ID, passport ID, or Service ID
  • Email Address
  • Phone Number
  • Photos of ID

How to open a Savings Account

To open a savings account, you need to have your Kenyan national ID or passport ID and a photo or PDF of your signature on a white background, and make sure that your front camera is enabled.

  • Visit www.absabank.co.ke
  • Click on “personal,” then “Accounts.”
  • Click on Savings under Personal Accounts
  • Select your preferred account type
  • Click open account online
  • Enter your information, accept the terms and conditions, and click next
  • You will receive OTP via SMS
  • Enter OTP and click next
  • Create a username and password and click next
  • You see a confirmation screen

7. Foreign Currency account

There are three foreign Accounts that are offered by Absa Bank namely, USD current, GBP current, and EUR current

Foreign Currency Account Key benefits

  • Negotiated exchange rates
  • Unsecured personal loans in USD and EUR
  • Mortgages are available in USD, GBP, and EUR
  • Secure international payments and transfers
  • Safe and simple banking on digital channels

Foreign Currency Account Requirements

  • National ID, passport ID, or Service ID
  • Email Address
  • Phone Number
  • Photos of ID

How to open a Foreign Currency account

To open a foreign currency account, you need to have your Kenyan national ID or passport ID and a photo or PDF of your signature on a white background, and make sure that your front camera is enabled.

  • Visit www.absabank.co.ke
  • Click on “personal,” then “Accounts.”
  • Click on Foreign Currency account under Personal Accounts
  • Click open account online
  • Enter your information, accept the terms and conditions, and click next
  • You will receive OTP via SMS
  • Enter OTP and click next

My name is Elizabeth Atieno, and I am an author here at Bizhack Kenya. I specialize in finance and investment writing, providing insightful and informative content on personal finance, investing, and market trends. I also wrote an informative article about how to withdraw money from Absa Bank to mpesa.