Frequently asked questions

  • What do I need to know about beneficiaries?

    • A beneficiary is a person or company that you are sending money to.

    • Please make sure that you’ve got the right details for your beneficiary before you finalise a transfer. 

    • Add potential repeat beneficiaries to your online recipient list to store their details securely for the next time.

    • Manage your payment history online with up to 999 beneficiaries. 

  • What types of payments can I make online?

     
    • Payments to pre-listed beneficiaries like Telkom, SARS, your local municipality and traffic fines. 
    • Once-off payments. 
    • Recurring payments. 
    • Future-dated payments. 
    • Payments to multiple beneficiaries at the same time. 
    • Immediate Interbank Payments (IIP). 
    •  Inter-account transfers. 
    • Top up on data for Cell C, MTN, Virgin Mobile, 8ta and Vodacom. 
    • CashSend allows you to send money to anyone, even those who do not have bank accounts.  You send them a code that they have to enter at an Absa ATM to withdraw the money. 
    • Send money overseas with Western Union. 
    • Make instant payments using PayShap

  • What is a notice of payment?

    • This is when your beneficiary receives an SMS, email or fax confirming your payment. 

    • Separate charges apply to NotifyMe. 

  • What is a payment limit?

    • When you first register for Absa Online Banking you’ll be asked to set up daily payment limits. 

    • Payment limits apply to interaccount transfers, payments and stop orders. 

    • The limit values are entirely up to you and you can reset them in your profile anytime. 

    • This is an important part of your internet banking security. It can potentially stop a fraudster from transferring 
      very large sums of money from your account. 

    • You will only be able to transfer money and make payments within your set daily limits. 

    • A payment limit is set independently from your account balance. You still need to have the money available to make payments. 

  • Payment lead times

    • Internal transactions made from one Absa account to another should reflect immediately.

    • Immediate Interbank Payments (IIP) allow you to make payments to accounts held at other financial institutions available immediately.

    • Payments made to external bank accounts on Sundays or public holidays will be credited the following  
      business day.

    • Payments made to external bank accounts during the week and on Saturdays follow these guidelines:

     

    Payment type Value     Weekdays Saturdays End of the same business day
    Normal payment     <R5 million     Before 15:30     Before 10:45     End of the following business day
         <R5 million    After 15:30   After 10:45     End of the same business day   
         <R5 million     Before 14:00    Before 09:30        End of the same business day
        <R5 million   After 14:00 After 09:30    End of the following business day
    Immediate interbank payment <R5 million 
    (per transaction)      		 Before 14:45 Before 09:30   Immediately, subject to a one-hour delay for the first and second payments made to new beneficiaries/once-off payments.
       <R25 000 
    (per transaction)    		 After 14:45 After 09:30   Immediately, subject to a one-hour delay for the first and second payments made to new beneficiaries/once-off payments.

  • Immediate interbank payment (IIP) limits

    Weekdays 

    Amount Transfer times When it will be received
    Immediate and daily interbank payments of less than R5 million (five million rand)   Can be performed on weekdays from 08:00 to 14:45 The funds will reach the receiving bank immediately and will be credited to the recipient’s account according to the receiving bank’s internal process. 
    Immediate access of funds is subject to a one-hour delay for the first and second payments to new beneficiaries/once-off payments.
        Immediate and after-hours interbank payments of less than R25 000 (twenty five thousand rand) Can be performed after hours from 14:45 to 08:00 The funds will reach the receiving bank immediately and will be credited to the recipient’s account according to the receiving bank’s internal process. 
    Immediate access to funds is subject to a one-hour delay for the first and second payments to new beneficiaries/once-off payments.

    Saturdays, Sundays and public holidays 

    Amount Transfer times When it will be received
    mmediate and after-hours interbank payments of less than R25 000 (twenty five thousand rand) 
    Saturdays, Sundays and public holidays    		 Can be performed on Saturdays, Sundays and public holidays from 14:45 on Fridays to 08:00 on Mondays and public holidays The funds will reach the receiving bank immediately and will be credited to the recipient’s account according to the receiving bank’s internal process. 
    Immediate access to funds is subject to a one-hour delay for the first and second payments to new beneficiaries/once-off payments.

  • How do I make digital payments?

     

    Make payments using your Absa Banking App, Absa Online Banking or Cellphone Banking. 
     

    Tell me more

     

Contact details  

Call us on:
08600 08600
+27 (0)11 501 5110

Email us at ib@absa.co.za

Visit your nearest branch