Outage.Report

Is Absa down? ❌

Contacts:

Absa Group Limited, commonly referred to as Absa, is a major financial services group based in South Africa. It provides a wide range of banking and financial products and services to individuals, businesses, and institutions. Absa has a significant presence in various African countries and is known for its diverse offerings and commitment to serving its customers' financial needs

No problems at Absa

Past Incidents

14d

Why does @AbsaGhana charge elevy for withdrawals from your Absa account to your own Mobile Money account???

1m

Is it just my absa app showing errors??

2m

Just tried to make a 10k payment from my credit account and it said error and I panicked kanti ABSA wanted to confirm it’s me making the payment before releasing the funds 🥺 Mali yami (read yabo 🥲) iSafety bandla 🫶🏾 @AbsaSouthAfrica

2m

Absa has helped me fix a very urgent problem in 6 minutes but I don't want to get very excited.

2m

Not ABSA giving me a heart attack with this system error. 😂 Why don't I get zile errors where my account has an extra 0?

3m

Absa is a waste. For the past week, downtime, errors and lack of communication. Nonsense bank.

3m

Hello @AbsaKenya @Absa am experiencing errors from accesing you website and Absa mobile banking #earthquake #JowieIrungu #Banks #Station19

3m

So ABSA Ghana wants me to accept that the message for a successful completion of mobile banking via USSD code *895# is "Service is currently unavailable (Ext Application Down), please try after some time"?

3m

Is Absa digital banking down for anyone else?

3m

Is the @absa app down?

3m

That ABSA app glitch was not fun 🥲

3m

What's going on Absa? Can't swipe my card, can't access my app and I've tried your atm's they are saying transaction not allowed. I'm stuck at a petrol garage unable to pay #absa

4m

When absa shut its doors at Mega city, I stated on record that I was gonna return again the following week when they open When the time came for me to revisit the bank That morning Vodacom shut down my SIM CARD & reported my phone as STOLEN on their system❌ Why was this done?

4m

Hi @RediTlhabi I was not exclusively referring to South African banks, but the African banking system as an ecosystem. But since you mentioned South Africa, let me share some personal experiences and what others have shared. Opening a bank account in South Africa is still done the old school way of paper work, which is unnecessary. There is too much paperwork to be filled which repetitively asks for the same information. In Europe and England specifically, you can apply for a bank account online and it will be opened immediately, cards are send to you within 48 hours without having to step into a branch. There is no need for all that paperwork and going into branches. Branches are a dying concept in banking as most stuff has gone digital, they are still there, but dying nonetheless. The other issue is that Exchange Control is over regulated, mainly because we have dead economies as opposed to just policing for money laundering as they say. I can wire £20,000 to you from my UK account, and I can increase the limit if need be without Exchange Control applications. My sister-in -law in South Africa had a payment of US$200 for a present for her grandchild in America delayed for two weeks, she was asked to tell the bank her great grandfather’s first girlfriend’s name. It is difficult to transact across the borders in Africa, so it encourages money laundering. Most foreign nationals in South Africa now use Wahala because of the bank restrictions and difficulties and it is the South African economy that loses at times. Wahala is a financial service that offers alternatives or workarounds for dealing with banking restrictions in Africa. Let us say a Malawian pilot wants to buy a R10 million house in South Africa, if they were in Europe they would have moved their money without hassle. But in Africa, they will have to look for a Malawian in South Africa who wants the equivalent of R10 million in Malawi and then they trade. It means that the South African economy has lost R10 million through unofficial externalisation, and this happens everyday across the continent because of over-regulation. The pilot would have moved his money officially without hassles and the Malawian Government gets the charges for moving the money, and the South African economy gets investment through the house sale. It is even worse, the Malawian pilot moves the money via Wahala and buys a house from a white South African going to Australia who gets the money out, which means the SA economy has lost R20 million through unofficial externalisation to Malawi and official externalisation to Australia. Overregulation, cumbersome paperwork, and outdated processes hinder banking efficiency and cross-border transactions, ultimately impacting economic growth and financial inclusion. I have experienced delays in accessing my money after a bank account is opened, delays caused by unnecessary things like device verification taking seven days. It means that money that I was supposed to spend in the economy is parked in a bank account for 7 days. Then bank charges, it is ridiculous, I have been changed thousands of rands in bank charges in an account that is less than four months old. It encourages mattress banking especially in townships because those charges are punitive to the poor. I know a guy who opened an account in Zimbabwe and deposited US$200, he didn’t use the account for 19 months, when he wanted to transact, he discovered that he owed the bank money through bank charges. The US$200 was wiped by bank charges. I bank with Royal Bank of Scotland and Lloyds banks in Britain, I have never been charged a penny for transacting using both accounts which I have had since my varsity days in England. The other thing is ATM cash withdrawals, I get charged for using my Nedbank ATM card at an ABSA cash machine, that is backward. In Britain you can withdraw money from any bank’s ATM without charges. I could have shared more but I have run out of space.