How to receive payments in your account

How to do once-off transfers
and payments

How to do recurring transfers
and payments

How to do MoneyGram transfers

Receive payments
To receive payments into your Absa account, simply provide the sender with:
  • Your full account number as a 10-digit number that includes a 3-digit branch code (050 if you opened your account in Providence Branch or 010 if you opened your account in any other branch)
  • The SWIFT code BARCSCSC if the funds are coming from an overseas bank
Once off transfers and payments

  • Transfers between your own accounts for free

    • By making a request to the cashier at any branch (you must have your account numbers at hand)
    • Through internet banking (registration required)
    • Through telephone banking (registration required)
    • Ability to deposit into your own account through ATM Cardless deposit (on select ATMs)

  • Transfer funds to third-party Absa account

    • By making a request to the cashier at any branch (you must have your account numbers at hand)
    • Through internet banking (registration required) for free
    • Ability to make deposit into Absa third-party account through ATM Cardless deposit (on select ATMs)

  • Make payments to other local banks

    • By completing the relevant form and dropping this at any branch, charged at SCR20 per transfer
    • Through internet and mobile banking (registration required)

  • Make payments to international banks through SWIFT transfers

    • By completing the relevant form and dropping this at any branch
    • Through internet and mobile banking (registration required)
    • Through NovoFX application. Available on the App Store or Google Play Store (registration required)
    • The charge for an international transfer is 0.5% of the amount being transferred, where a minimum of SCR 200 and maximum of SCR750 apply. If you choose to bear all charges, you will be charged an additional USD 25 as a flat fee for the correspondent charge. A request for same-day value will be charged at SCR 75. Note that any forms received after the 12:00 cut-off time may be processed the next working day
    • If you choose to share the charges with the beneficiary, you will not be charged the correspondent fee. This will be borne by the beneficiary. If you choose for the beneficiary to bear all charges, the local charges will be deducted from the amount being transferred
    • Please ensure that when you are completing your transfer form, you provide the correct beneficiary banking details of the beneficiary and any preferred intermediary bank. Further, ensure that there are sufficient funds in your account so that your request is not denied
Recurring transfers and payments

  • How does it work?

    If you need to transfer or pay the same amount of money into the same account every month, for your peace of mind that the payment will be taken care of, you can set up a recurring transfer through a standing order instruction. Whether you are transferring funds into your own account, to a third-party Absa account, to a local or international bank, you simply complete the relevant form and hand it in at your nearest branch.

     

    Please ensure that you bring the form at least by 12.00, three working days before the date of the first payment to avoid missing this payment. Else, we will set the first payment to be debited on the next possible working day.

  • Charges for setting up a recurring instruction

    • Between your own accounts and for loan repayment: FREE of charge
    • For any other purpose: SCR25
    • For any amendment of standing orders SCR25 charged and we will not charge you for cancelling your recurring payment.

  • Recurring charges for the service

    The recurring charge will be dependent on the destination of the funds being transferred:

    • To another of your own accounts: FREE of charge
    • To a third-party account in Absa: SCR25
    • To another local bank: SCR35
    • To an international bank: SCR0.5% of the amount being transferred, with a minimum of SCR200 and maximum of SCR750 being applicable; plus SCR75 if same-day value was requested in addition to a correspondent charge of USD25 if you choose to bear all charges.
    • You also have the ability to setup a recurring payment through your internet or mobile banking (registration required).
MoneyGram

  • How does it work?

    • Transfers can be made to over 200 countries and territories
    • Quick and reliable; recipients can collect the funds within minutes of transfer
    • Customers can make account deposits to over 400 bank accounts worldwide
    • Please note that international fund transfer is currently only available for Absa Bank customers, however both customers and non-Absa customers can receive funds

  • Information required if you are the sender

    • A valid ID or passport
    • Your recipient's full name matching their ID
    • Your recipient’s location
    • The amount you wish to send, plus transaction fee
    • Your recipient's bank name and account number (if sending to a bank)

  • Information required if you are the recipient

    • Valid ID or passport
    • Payment reference number (you can get this from the sender)
    • Let us know if you would like to receive the funds into your account or in cash
    • If you do not have an account with Absa, you can open one now

  • Transfer prices

    India (Special Introductory price)
    • SCR 0.0 - SCR 2000.00 has a transfer fee of SCR 20.00
    • SCR 2000.01 - SCR 6000.00 has a transfer fee of SCR 40.00
    • SCR 2000.01 - SCR 6000.00 has a transfer fee of SCR 40.00
    • SCR 6000.00 and more has a transfer fee of SCR 70.00
    Kenya, Philippines, Bangladesh, Nepal, Sri Lanka
    • SCR 1.00 to SCR 20,000.00 has a transfer fee of SCR 100.00
    • SCR 20 000.01 and more has a transfer fee of SCR 150.00
    Rest of the world
    • SCR 1.00 to SCR 100,000.00 has a transfer fee of SCR 150.00
     
Need more help?

Call us on:
(+248) 438 3939

Chat to Abby on WhatsApp:
(+248) 252 1878

Email us:
customerservices.sc@absa.africa