The banking sector has over the years continued to significantly change in response to the evolving forces of customer expectations, regulatory requirements, technology, demographics, new competitors and shifting economics.This implies that banks need to choose what posture to adopt, whether to be a shaper of the future, a fast follower or to manage defensively. One institution that has tried to live within these changing times is Absa.The introduction of the MegaU account is a testimony to this.

The Absa MegaU account allows you to take control of your money with this debit card based transactional account tailored for under 18s. This account gives you the financial freedom to decide how,when and where you want to spend or save your money.You can even grow your money by getting paid interest on the cash that’s in your account. Other benefits you get from this account include access and managing your money 24/7,buying airtime, checking balances and banking on your cellphone or the internet.There is also the Cash Send option on this account.

The qualifying criteria for this account include the fact that you must have a valid ID or birth certificate and show proof of residence.

Absa can be contacted on 0860111515 and trained consultants will be on hand to assist you.