ABSA Joint Account South Africa
ABSA Joint Account South Africa. At Absa Group we believe in possibility, in the actions of people who always find a way to get things done. We believe in creating opportunities for our customers to make their possibilities real and supporting them every step of the way. Our group is a future-focused organisation, driven by progress and our desire to thrive in the digital age.
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Does Absa have joint accounts?
The joint bank account
Some couples may consider a joint bank account. While this may seem the easiest, most practical solution, it can be an administrative nightmare should a spouse die, as there is no such thing as a “joint” account.
In South Africa, there is only one option, with the main account holder whose spouse has signing rights. This means that if the main account holder dies, the account is frozen, along with all the money to pay the bills.
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