Absa Ultimate Banking Account
Monthly fee
R725.00
Annual turnover
R0 - R500 million
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Benefits of your Evolve Excel account

Best for

Best for

Larger entities that want to cover all their banking costs with a fixed monthly fee.

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Get more

150 electronic transactions and  Absa-to-Absa debit orders at no extra cost.

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Save

Free NotifyMe services - zero fees  on transactional notifications.

Mobile Pay
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Free Liquidity Plus Investment Account

Business Evolve Excel features

To view the full pricing breakdown for your Business Evolve Excel account, view our latest pricing guide.

Description Benefit Rates - out of bundle
Monthly account fee Fixed  
Electronic transactions 150 free per month 'Out of bundle' rates
Cash  Deposits/Withdrawals 35 capped at R250 000 per month Cardless R2.40 per R100
Immediate payments 2 free per month Standard Fees
Absa debit orders Free R0.00
External debit orders - R20.00
Liquidity Plus Free R0.00


What you need to know about Business Evolve Excel

  • How to qualify

    • Any registered business entity with an annual turnover of up to R500 million
    • Sole proprietors (an affidavit must be presented if proof of address or business registration number is not available)
    • Anybody who wants to be registered as a private company (for online customers).
       

    Learn more about debit order switching.

  • Documents required

    • Copy of ID (per business member/individual member and or director)
    • Proof of address (per business member/individual member and or director)
    • Proof of physical address of business (if absent, an affidavit required for a sole proprietor)
    • Bank statements: last three months (not applicable for start-up businesses and sole proprietors)
    • Business member/owner to submit three months' bank account statements on a personal account
    • Company registration documents (not required for sole proprietors)
    • Company resolution (where more than one signatory is applicable).

  • Features and benefits

    • Transacting channels: 24/7 access to Absa Online and the Banking App, at no cost
    • Visa Debit Card: Assists you with day-to-day cash withdrawals, cash-free payments and purchases. Secondary debit cards and personalisation options available
    • Demand Call Account: Access to Liquidity Plus. (Please note that Liquidity Plus is not included on the Business Evolve Islamic Account. Shari’ah-compliant investment options are available if required.)  
    • Zero fees on Absa interaccount transfers, Absa-to-Absa debit orders and NotifyMe
    • Transactions in excess of the bundle cap will be charged at out-of-bundle fee rates
    • Cash transactions in excess of the bundled number and/or transaction value charged as an out-of-bundle fee
    • Transactions that do not form part of the bundled transactions are charged on the normal pay-as-you-transact (PAYT) basis
    • One account number for life: Retain your existing account number when you change between business current account types or price plans
    • Multiple accounts: No limit to the number of business accounts opened per entity
    • Access to the Self-service portal, Absa ATMs, Absa-supported ATMs and branch network
    • Statements: View your statement on your Absa Online profile or receive your statement via email
    • Access to a cash-handling service
    • Shari’ah-compliant account options available.


Explore other Business offers

Need more help

Get in touch with one of our business banking consultants.

Call us on : 0800 227 592

Email us at : mybusinessbanker@absa.co.za