ABSA Transactional Cheques and Savings Product Knowledge

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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
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11 Questions3 MinutesCreated by LearningBanker517

Gold Value Bundle is a cheque account that gives you access to a full suite of banking functions. What are the offerings of the product?

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

MegaU is a transactional banking account specifically designed for what age group

16 and younger

18 and younger

20 and younger

21 and younger

ABSA Transactional Cheques and Savings Product Knowledge

ABSA Product Knowledge Quiz

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