ABSA Transactional Cheques and Savings Product Knowledge
ABSA Product Knowledge Quiz
Test your knowledge of ABSA's Transactional Cheques and Savings products with our engaging quiz. This quiz is designed to assess your understanding of various accounts, benefits, and eligibility criteria.
- 11 insightful questions
- Score based on your responses
- Instant feedback on your answers
Gold Value Bundle is a cheque account that gives you access to a full suite of banking fun
Unlimited transactions a fixed monthly fee
Access to Gold Lifestyle Benefits
Unlimited transactions, with no monthly fee
Access to Premium Lifestyle Benefits
If your spouse chooses to take up a GOLD Value Bundle or Islamic Value bundle what discount does he/she qualify for on his/her monthly fee?
50%
25%
75%
100%
Additional Benefits in a Gold Value Bundle include
Disabilty benefit of a monthly payout of R2500 - X 2 months
Lump Sum Death Benefit of R20000
Retrenchment benefit of R2500 for 2 months
Absa staff member enjoys all the benefits for free
A Stockvel is a group saving initiative that allows How many members to save towards a goal/intent?
2 or more
5 or more
1 or more
10 or more
What is the qualifying criteria to open a Stokvel account?
Minimum of 2 members
Members should reside in South Africa
Members only need to produce and Identity doc along with proof of address
Members need a police affidavit
Select the correct features of a True Save Account. (Multiple correct answers)
The minimum balance is R50
Customers can deposit additional funds and benefit from higher interest rates
A card can be issued on request.
Product is for individual customers only
The interest calculated is accrued daily and capitalized monthly.
Funds are available immediately without notice.
What is the Target Market for a Depositor Plus account (2 correct answer)
This is a demand product aimed at serious savers – who want to build their saving pool.
This is a demand product aimed at serious savers – who want maximum interest
Individual customers
Businesses and Larger Groups
What is the opening balance required for an Investor Plus account?
R125000
R250000
R200000
R25000
R12500
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