How To Make Online Payments At ABSA

ou can easily pay accounts, manage beneficiaries, buy airtime and much more with Absa Online banking. Here are some things that are useful to know.

You can link, manage and view the payment histories of up to 999 beneficiaries
To ensure that you don’t send money to the wrong person, always check your beneficiary details before transferring money
You can create your own permanent beneficiary list online, allowing you to go back and pay them quickly and easily without having to re-add their details

Payments to pre-listed beneficiaries like Telkom, SARS, your local municipality and even traffic fine payments
Once-off payments
Future dated payments
Payments to multiple beneficiaries at the same time
Group payments
Immediate Interbank Payments (IIP)
Inter-account transfers
Online PrePaid airtime purchases for Cell C, MTN, Virgin Mobile, 8ta and Vodacom
Recurring payments
CashSend lets you make payments to beneficiaries who do not own bank accounts, you provide them with a code they simply have to enter at an Absa ATM to withdraw the money
Send money overseas with Western Union

This is proof of payment that gets sent to the beneficiary via SMS, e-mail or fax
Separate charges apply for NotifyMe

Payment limits apply to inter-account transfers, payments and stop-orders.
These form an important part of your Internet banking security and can potentially stop a phisher from transferring very large amounts of money from your account.
When daily limits are set you will only be able to transfer money and make payments within these limits.
The limit values you set-up are entirely up to you and can be reset at any time under your profile.
A payment limit is set independently from your account balance. You still need to have the money available to make payments.
When you initially register, you’ll need to visit a branch to set up your daily payment limits.

You can stop a cheque or debit order payment online as well as view and manage all stopped payments.
When a debit order is stopped on Absa Online, the debit order will still be debited from your account and returned 3 to 4 days later.
This happens because the debit order is submitted by an external company e.g. an insurance house or service provider on a day agreed by you and them. The transaction information is not held by Absa.

Internal transactions made from one Absa account to another are credited immediately
Immediate Interbank Payments 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	Expected delivery at the other bank
Normal Payment	<R5 million	Before 15:30	Before 10:45	End of same business day
	<R5 million	After 15:30	After 10:45	End of following business day
	<R5 million	Before 14:00	Before 09:30	End of same business day
	<R5 million	After 14:00	After 09:30	End of following business day
Immediate Interbank Payment	<R5 million (per transaction)	Before 14:45	Before 09:30	Immediately subject to an hour’s delay for the 1st and 2nd payments made to new beneficiaries/once-off payments
	<R25 000 (per transaction)	After 14:45	After 09:30	Immediately subject to an hour’s delay for the 1st and 2nd payments made to new beneficiaries/once-off payments

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 an hour’s delay for 1st and 2nd 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 an hour’s delay for 1st and 2nd payments to new beneficiaries/once-off payments.

Amount	Transfer times	When it will be received
Immediate 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 an hour’s delay for 1st and 2nd payments to new beneficiaries/once-off payments.