businesscurrentaccount

Business Current Account
  • What you get

    • Quick and convenient access to your funds via ATMs, point-of-sale terminals and internet payment gateways without paying any maintenance fees
    • Quick access to your funds
    • Convenient bill payment from your account
    • Free internet banking and other digital services
    • No maintenance fee
    • Free monthly statements to assist you in tracking your business activities
    • 24-hour access via debit card/ATM
    • Shopping at point-of-sales and online with your debit card
    • A chequebook
  • What you need to know

     
    • There is a minimum average balance
    • No interest is paid on the credit balance in your Business Current Account
    • A debit interest is calculated daily on overdrawn balances on this account and debited monthly
  • What to bring to the branch

     


    Opening a Business Current Account with Absa is straightforward. You simply need to set up an appointment with your nearest business banking relationship manager and provide us with the following documents:

     

    • Your business registration documents such as business name registration certificate (in case of sole traders or partnerships), or company registration certificate and other company formation documents such as memorandum and articles of association (in case of companies)
    • Business licence certificate if applicable to your business type
    • Documentary proof of business address
    • A valid identification document such as passport or national identity card for the proprietor, partners, shareholders and/or directors
    • Documentary proof of address such as a utility bill (not more than three months old) for proprietor, partners, shareholders and/or directors

     

    Please note:

    1. Absa reserves the right to accept or decline any application based on internal policy. We may request additional documentation as deemed necessary.
    2. If you do not receive any bills in your name, you may bring along the bill of the owner of your residence with proof of relationship.
    3. Other documentary proof may be acceptable. Please consult our business banking relationship managers for more information.

businessforeigncurrencyaccount

Business Foreign Currency Account
  • What you get

     
    • Get exclusive products and services and access funds in your account at our branches and through cheques
    • A minimum opening balance applies.Account available in major currencies
    • No maintenance fees
    • Digital banking services
  • What you need to know

     
    • No interest is paid on the credit balance in your Foreign Currency Current Account.
    • A debit interest is calculated daily on overdrawn balances on this account and debited monthly.
    • There is a minimum opening balance.
    • You can link the account to your chequebook.
  • What to bring to the branch


    Opening a Business Foreign Currency Current Account with Absa is straightforward. You simply need to set up an appointment with your nearest business banking relationship manager and provide us with the following documents:

    • Your business registration documents such as business name registration certificate (in case of sole traders or partnerships), or company registration certificate and other company formation documents such as memorandum and articles of association (in case of companies)
    • Business licence certificate if applicable to your business type
    • Documentary proof of business address
    • A valid identification document such as passport or national identity card for the proprietor, partners, shareholders and/or directors
    • Documentary proof of address such as a utility bill (not more than three months old) for proprietor, partners, shareholders and/or directors

     

    Please note:

    1. Absa reserves the right to accept or decline any application based on internal policy. We may request additional documentation as deemed necessary.
    2. If you do not receive any bills in your name, you may bring along the bill of the owner of your residence with proof of relationship.
    3. Other documentary proof may be acceptable. Please consult our business banking relationship managers for more information.
Are you interested in opening a business account? 

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Need more help?

Call us on:
(+248) 438 3939

Email us:
customerservices.sc@absa.africa