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Business Evolve PAYT

Bank on your own terms with your pay-as-you-transact business account.

Monthly fee

R105.00

Annual turnover

R0 - R500 million

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Benefits of our Evolve PAYT account

Best for

Businesses that want to keep their costs low and only pay for what they do.

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Unlimited Absa inter-account transfers and Absa-to-Absa debit orders.

Mobile Pay

Free with your PAYT account. Learn more

More value

Free Liquidity Plus Investment Account

Business Evolve PAYT features

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

Description	Benefit	Rates - out of bundle
Monthly account fee	Pay as you transact
Electronic transactions	Discounted	Flat Rate
Cash Deposits/Withdrawals	-	Standard Fees
Immediate payments	Discounted	Standard Fees
Absa debit orders	Free	R0.00
External debit orders	-	R15.00
Liquidity Plus	Free	R0.00

What you need to know about Business Evolve PAYT

How to qualify

Sole proprietors with an annual turnover of up to R5 million.

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)

Business member/owner to submit three months' bank account statements on a personal account

Company resolution (where more than one signatory is applicable).
Features and benefits
Zero monthly account fees

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)

Tiered pricing on electronic transactions

Zero fees on Absa interaccount transfers and Absa-to-Absa debit orders

No monthly fee on your Absa Mobile Pay POS device

One account number for life: retain your existing account number when you change between business transactional account types or price plans

Access to the Self-service portal, Absa ATMs, Absa-supported ATMs and branch network

Access to a cash-handling service

Statements: View your statement on your Absa Online profile or receive your statement via email

Shari’ah-compliant account options available.