ABSA Savings Account Requirements 19 April
ABSA Savings Account Requirements 19 April
The information in today's guide will shed more light on the requirements for an Absa Savings account.
This guide contains all of the information you'll need to open a savings account with Amalgamated Bank of South Africa (ABSA) in Kenya. So, without further ado, let's get started.
With the increasing demand for money these days, it has become necessary to look for ways to save a little something for tomorrow's needs.
In Kenya, one such avenue is the ABSA savings account, which provides good value for money.
Absa offers a variety of savings and investment accounts to meet the needs of all customers, regardless of income level.
Individuals can successfully apply for and operate Absa accounts if they understand the account requirements.
REQUIREMENTS FOR AN ABSA KENYA SAVINGS ACCOUNT
The following are the requirements for opening an ABSA savings account in Kenya:
- Identity verification: A valid Kenyan national identity card or passport (non-Kenyan)
- Your KRA PIN number
- one (1) passport-sized photograph
- Proof of permanent residence
- Work or business permit: this is applicable to non-Kenyans who do not have a KRA PIN.
- Fill out the account opening form. This form will request personal information, contact information, employment information, and your agreement to the data and privacy policy.
- Initial deposit is required. This is determined by the savings account you choose. Some savings accounts do not require a minimum opening balance.
REQUIREMENTS FOR AN ABSA KENYA SAVINGS ACCOUNT FOR A CHILD
The requirements for an ABSA Savings account for a child are as follows:
- If the child is adopted, provide an original birth certificate or adoption papers.
- Parent or guardian's national ID or passport (for non-Kenyans)
- KRA PIN
IS THERE A LIMIT TO THE AMOUNT OF MONEY THAT CAN BE PUT IN A SAVINGS ACCOUNT?
No, there is no limit to the amount you can deposit into an Absa savings account. Except for the fixed deposit, which has a time and deposit amount limit, all other types of savings accounts have no deposit limit.
Aside from the interest it earns, this is a key feature of a savings account.
Visit their website at https://www.absabank.co.ke/ for more information.
This concludes our coverage of ABSA Kenya account requirements.
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