We offer a variety of ways for you to collect money and handle cash payments
to make it easy for you to focus on your business.
Get payment on time every time
We give you total control over collection processes through automated collection of agreed amounts from your debtors’ bank accounts. Through automated verification, we ensure that you make your collections accurately and timely.
Improve cash flow by improving collections
Our mobile cashless collection solution facilitates receipt of payments from your customers’ mobile wallets directly into your Absa account. This improves your collection process, where you benefit from instant payment notifications, detailed and concise reconciliation reports, as well as 24-hour translation of E-float to cash or credit.
No more cash handling anxiety
Our direct banking collection options are designed around your business needs.
Absa, in partnership with cash-in-transit companies, collects bulk cash and cheques from your premises and deposits the funds into your account.
In addition to our cash and cheque bulk collections, we provide trained personnel to handle collections at your premises.
The cashier or teller manages the acceptance, processing and handling of cash and cheques, including the preparation of deposits via cash and cheque bulk collection.
Save time with bank direct mail. We collect non-cash items, such as cheques, instructions, treasury confirmations, trade documents and cheque book requests, then deliver these to the bank on your behalf.
Our bill validation solution ensures 100% accuracy of the information we capture during over-the-counter collections.
We authenticate details provided by your customers against a database of payers’ details provided by you.
This makes for easier reconciliation and accurate data capture, enabling you to directly use the bank statements for updating your operating or accounting systems.
You can do your cash collections at any of our branches.
Deposits done at the branch require the depositor’s unique reference. Your unique reference facilitates over-the-counter cash, cheque and account transfers across all our branches countrywide.
Depositor information is available to you instantly, making your reconciliation process easier.