Basic or Simplified Account is a specific Current Account product for individuals, with a maximum monthly transaction limit of up to 3 minimum banking sector salaries (MZN 57.130,83) per month.
Benefits
  • Available in the following currency: MZN;
  • No minimum amount required for account opening;
  • Maximum balance up to three banking sector minimum salaries;
  • Account access through debit card;
  • Offers optional payment methods through cheque;
  • Intrabank and interbank transfers;
  • Digital channels (Internet Banking, Mobile Banking and Absa App);
  • Other services that may come to be established.
Required Documents
  • National identity card or equivalent document;
  • Proof of residence;
  • NUIT (Tax Identification Number);
  • For more information contact +258 21 344 400.

* If the client does not have an identification document, the use of two witnesses for endorsement will be allowed, and they must present their own documents and contact details. Clients with medium or high risk may be asked to provide additional information, in accordance with the applicable legislation. An additional identification process will be required for clients classified as Politically Exposed Persons (PEPs).

  • Free Transactions

    Electronic channel operations:

    • First three balance inquiries per month at ATM and POS within the country;
    • First three NUIB, NIB or IBAN inquiries per month at ATM or POS within the country;
    • First three mini-statements and transaction inquiries per month at ATM or POS;
    • First two transfers up to MZN 1,000.00 (one thousand meticais) per month;
    • First three withdrawals per month at ATM or POS within the country.

    Electronic money:

    • Balance, transaction, statement and mini-statement inquiries through electronic channels, corresponding to at least five transactions; 
    • Transfers between accounts at the same institution, up to MZN 500.00 (five hundred meticais), once per day, up to a limit of five monthly transactions through electronic means, regardless of the channel used; 
    • Cash withdrawal in national currency from electronic money up to MZN 500.00 (five hundred meticais), once per day, up to a limit of five monthly transactions regardless of the channel used.

    Branch operations:

    • Cash withdrawal up to MZN 3,000.00 (three thousand meticais) per month.

    Account maintenance: free. ·

    • Account inactivity up to 24 months: free. ·
    • Account inactivity after 24 months: MZN 95.00, charged monthly.
    • Debit Card Annual Fee (MZN account): MZN 792.00 divided by 12 months, charged monthly.

    Other fees and charges, please refer to the full Absa Tariff Guide currently in effect, available on the website www.absa.co.mz and at Absa branches.

Standardized Information Sheet 

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Terms and Conditions 

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