Question 1

What is the ABSA* charge on my bank statement?

Accepted Answer

The ABSA* charge on your statement is a legitimate fee from ABSA Bank South Africa. It typically relates to your credit card or banking account and can include monthly account fees, transaction fees, or service charges. The amount varies depending on your specific account type and usage. If you need clarification on exactly what the fee covers, you can contact ABSA directly at absa.co.za/talk-to-us/

Question 2

Is the ABSA* transaction on my statement a scam or fraud?

Accepted Answer

No, ABSA* is not a scam. It is a legitimate charge from ABSA Bank South Africa appearing on your credit card or bank statement. The asterisk notation is commonly used by ABSA when processing banking fees and transactions. If the amount looks unfamiliar or unexpected, you should log in to your ABSA online banking account to review your fee schedule, or reach out to their support team at absa.co.za/talk-to-us/ for a full breakdown.

Question 3

How do I get ABSA to stop charging me this fee?

Accepted Answer

To stop or dispute an ABSA* charge, you will need to contact ABSA Bank South Africa directly, as the fee is tied to your specific banking product or credit card agreement. Visit absa.co.za/talk-to-us/ to get in touch with their customer service team. Depending on the charge, you may be able to switch to a different account tier, cancel a specific service, or negotiate your fee structure with a banking consultant.

Question 4

Why does the ABSA* amount change each month on my statement?

Accepted Answer

The ABSA* charge is listed as a variable amount because ABSA Bank South Africa calculates certain fees based on your account activity, transaction volume, or services used during that billing period. For example, transactional fees, overdraft charges, or credit card service fees can fluctuate month to month. To get a detailed explanation of why your specific charge changed, visit absa.co.za/talk-to-us/ and speak with an ABSA representative who can pull up your account fee history.

ABSA* Charge (What It Is + Is It Legit?)

Why does this charge appear?

What should you do?

Is this charge fraudulent?

Frequently Asked Questions

Community Reports (0)

Community Comments (0)