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Student Account

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Key benefits of your Student Account

Zero monthly fees

Bank for free throughout your studies. No monthly maintenance fees mean more moolah in your pocket.

Open Your Account
Get Interest Rates

Unlimited free transactions

Enjoy unlimited card swipes and free Absa ATM withdrawals/deposits up to R2 000 per deposit.

Upib Rewards & Welcome Voucher

Join FREE Absa Rewards and earn real cash back. Get a R50 voucher when you open your account.

What’s included in your Student Account

Student Account benefits

Manage your money 24/7 with the Upib Banking App or Online Banking. Use contactless payments via your debit card or MasterPass digital wallet for quick, secure transactions.

What you need to apply

Full-time student (undergraduate/postgraduate, one-year qualification or longer) at a recognised tertiary institution Aged 18–27

Smarter banking features

Monthly Fee: R0 – enjoy completely free banking Digital Access: Upib Banking App and Online Banking with free in-app and email notifications

Lifestyle & travel perks

Upib Rewards: Earn cashback on every card purchase with free membership included R50 Welcome Voucher: Redeemable for food or groceries at selected partner retailers

  • A free student banking account for full-time students aged 18–27, offering zero monthly fees, unlimited swipes, and perks like Upib Rewards and a R50 voucher.
  • Full-time students (undergraduate/postgraduate, one-year qualification or longer) aged 18–27 with a valid South African ID or passport and proof of residence.
  • Enjoy no-fee banking, unlimited card swipes, free ATM transactions up to R2 000, a R50 welcome voucher, R5 000 life cover, and Upib Rewards cash back.
  • No, it’s completely free with no monthly maintenance fees.
  • Apply online with your ID/passport, proof of residence, and proof of tertiary registration. It’s quick and easy to start banking.

You might be interested in the following debit cards

01

Ultimate

Monthly fee

R98

Earn competitive interest on Savings Boosters, get FREE R100 000 life cover for the first 12 months and more.

02

Ultimate Plus

Monthly fee

R220

Get easy credit with our Enhanced Credit Facility, Balance Booster or a linked credit card with zero monthly fee.

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