currentaccount
Benefis of this account
- Cash deposits and withdrawals
- Fund transfers
- SMS alerts
- ATM cum international business debit card
- Corporate internet banking
- Overdrafts/Loans based on credit ratings
- Chequebooks
- Account sweeping
- Free daily account statements through email (eStatements)
- Merchant or POS facilities
- A dedicated relationship manager assigned to your account
Requirements for this account
- No minimum balances are required on the account
- We recommend a balance of SCR100,000 or else ledger fees will apply
- No interest is paid on the credit balance in your current account
- A penalty charge is applicable on unauthorised overdrawn balances on this account
foreigncurrencyaccount
Benefis of this account
- We offer commercial foreign currency current accounts in US dollar (USD), euro (EUR), Swiss franc (CHF) and British pound sterling (GBP)
- No maintenance fees
- Digital banking services
Requirements for this account
- These accounts feature a maintenance fee and may be linked to a chequebook
- There are no minimum balances on the account
- No interest is paid on the credit balance in your commercial foreign currency current account
- A penalty charge is applicable on unauthorised overdrawn balances on this account
callaccount
Benefis of this account
- Earn interest on surplus funds
- Payable interest
- Mobile alerts
- Internet banking
- Account statements through email
- Account sweeping
- A dedicated relationship manager is assigned to your account
Requirements for this account
- As your business growth gains momentum, and your banking requirements begin to diversify, we can offer you a call account with the added benefit of some interest on your funds depending on market conditions. We offer call accounts in both local and foreign currencies. Your choice of account currencies varies from (Seychelles rupees (SCR), euro (EUR), US dollar (USD) and British pound (GBP).
- There are no minimum balances and maintenance fee on the account. This is a non-transactional account. Funds will have to be transferred to current account for any transactions. Free statements are available as per your requirement to assist you in tracking your business activities.
Documents required to apply
- 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 3 months old) for proprietor, partners, shareholders and/or directors
Please note
- Absa reserves the right to accept or decline any application based on internal policy. We may request additional documentation as deemed necessary
- 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
- Other documentary proof may be acceptable. Please consult our business banking relationship managers for more information
*Terms and conditions apply
