Streamline your business banking with our Business Evolve account. Business Evolve is a hassle-free business current account that evolves as your business grows, with packages and account types to suit your business needs.

Get zero monthly administration fees for 12 months on newly opened Absa Business Evolve PAYT accounts.

Offer valid until 15 January 2022

Terms and conditions apply

Download Terms and conditions

Download Terms and conditions (Afrikaans)

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Easy to use and easy to pay for

Choose the way you want to structure your Business Evolve account fees in line with your business’ requirements. We have five payment options to choose from when you open a Business Evolve current account: an Evolve Zero account aimed at sole proprietors, a no-frills Pay-as-you-transact account, an Evolve 35 package best suited for start-ups, an Evolve 60 package designed for medium-sized enterprises and an Evolve 90 package for businesses with high transaction volumes. Pick the one that works for you.

Evolve Zero
Limited to Sole Proprietors

Annual turnover:
R0 to R5 million

Monthly fee:
R0

  • Tiered pricing on electronic transactions.
  • Included at a zero monthly fee:
    • Absa Online and the Banking App
    • Visa Debit Card
    • Liquidity Plus Investment Account*
    • Cashflow Manager
  • Unlimited Absa inter account transfers
  • Unlimited Absa-to-Absa (internal) debit orders
  • Shari’ah-compliant option available

Apply now

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Evolve Pay-as-you-transact

Annual turnover:
R0 to R500 million

Monthly fee:
R85

  • Tiered pricing on electronic transactions.
  • Included at a zero monthly fee:
    • Absa Online and the Banking App
    • Visa Debit Card
    • Liquidity Plus Investment Account*
    • Cashflow Manager
  • Unlimited Absa interaccount transfers
  • Unlimited Absa-to-Absa debit orders
  • Access to cash handling
  • Suitable for all business segments and sectors
  •  Shari’ah-compliant option available

Apply now

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Evolve 35

Annual turnover:
R0 to R500 million

Monthly fee:
R265

  • Includes 35 electronic transactions
  • 10 cash deposits/withdrawals at any Absa ATM (capped at R50 000 per month)
  • Included at a zero monthly fee:
    • Absa Online and the Banking App
    •  Visa Debit Card
    • Liquidity Plus Investment Account*
  • Unlimited Absa interaccount transfers
  • Unlimited Absa-to-Absa debit orders
  • Suitable for all business segments and sectors
  • Shari’ah-compliant option available

Apply now

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Evolve 60

Annual turnover:
R0 to R500 million

Monthly fee:
R415

  • 60 electronic transactions
  • 15 cash deposit/withdrawal transactions at any Absa ATM (capped at R100 000 per month)
  • Included at a zero monthly fee:
    • Absa Online and  the Banking App
    • Visa Debit Card
    • Liquidity Plus Investment Account*
    • Cashflow Manager
  • Unlimited Absa interaccount transfers
  • Unlimited Absa-to-Absa debit orders
  • Suitable for all business segments and sectors
  • Shari’ah-compliant option available

Apply now

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Evolve 90

Annual turnover:
R0 to R500 million

Monthly fee:
R590

  • 90 electronic transactions
  • 35 cash deposit/withdrawal transactions at any Absa ATM (capped at R250 000 per month)
  • Included at a zero monthly fee:
    • Absa Online and  the Banking App
    • Visa Debit Card
    • Liquidity Plus Investment Account*
    • Cashflow Manager
  • Unlimited Absa interaccount transfers
  • Unlimited Absa-to-Absa debit orders
  • Suitable for all business segments and sectors
  • Shari’ah-compliant option available

Apply now

Tell me more

Terms and conditions apply.

*The Liquidity Plus Account is not available on Islamic accounts. Shari’ah-compliant investment options are available on request.

Not sure which Business Evolve Package is right for you? Let's help you decide.

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You might also be interested in the business accounts below:

 

Attorney Trust Account

Monthly fee:
R80.00

  • No overdrafts allowed
  • Preferential credit interest rate paid on credit balances
  • Interest is calculated daily and paid on the last day of the month
  • Option to turn your account into an Attorney Management System
  • Can be opened on behalf of the attorney’s clients
  • Option to draw a tax certificate
  • Link to your business current account
  • Free Absa Online Banking (Effective 1 July 2020)

Tell me more

Trust Account

Monthly fee:
R80.00

  • Competitive interest rates
  • Interest is calculated daily and capitalised monthly
  • No need for Trustees to move funds to an investment account
  • 24-hour access to electronic channels
  • Immediate access to funds
  • Can be linked to multiple business accounts
  • Free Absa Online Banking (Effective 1 July 2020)

Tell me more

Business accounts frequently asked questions

 

  • How can I open an Absa business account?

    If you are a sole trader or proprietor, you can apply online or via your banker. For entities with three or more directors, please speak to your banker or visit your nearest branch.

  • What type of business accounts are available?

    We offer you three options:

    • Business Evolve account
    • Business Evolve Islamic account
    • Business Evolve Franchise account

    Any business entity seeking an Absa business account. However, only one person, normally the main applicant, can apply provided they have the mandate to act on behalf of that entity.

     

  • What are the costs and qualifying criteria for Business Evolve?

     

     Price plans


      Monthly      fee

          Qualifying criteria

     

    Business Evolve

     

    R0

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

                              Evolve PAYT

     

           R85

    • 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).
     

     

    Evolve 35

     

       

         R265

     

    Evolve 60

     

         R415

     

     

    Evolve 90

     

         R590

     



    Any business entity seeking an Absa business account. However, only one person, normally the main applicant, can apply provided they have the mandate to act on behalf of that entity.

     

  • Who can apply for a business account online?

    • Evolve Zero - Sole proprietors with an annual turnover of up to R5 million.
    • Evolve PAYT, Evolve 35, Evolve 60 and Evolve 90 - any business entity seeking a business account. However, only one person, normally the main applicant, can apply provided they have the mandate to act on behalf of that entity.

    Any business entity seeking an Absa business account. However, only one person, normally the main applicant, can apply provided they have the mandate to act on behalf of that entity.

     

  • What are the requirements to open a non-profit organisation (NPO) account?

    • Name and purpose of the organisation.
    • Names of all members of the organisation [if applicable, sometimes the non-profit organisation (NPO) can be just one person].
    • South African identity documents or passports of related parties (for example, directors).
    • Company registration documents.
    • Proof of your business’s physical address.
    • Company mandate or resolution document (if there are multiple directors).

    Any business entity seeking an Absa business account. However, only one person, normally the main applicant, can apply provided they have the mandate to act on behalf of that entity.

     

  • How do I know that my application was received?

    We will send you a reference number for your application. If your application is incomplete, we will send you a message asking you to complete your application online.

     

    Any business entity seeking an Absa business account. However, only one person, normally the main applicant, can apply provided they have the mandate to act on behalf of that entity.

     

  • Which legal identity documents can asylum seekers and refugees use to apply for a business account?

    We accept any of the following documents: Section 22 permit, Section 24 permit or valid ID or passport.

    Any business entity seeking an Absa business account. However, only one person, normally the main applicant, can apply provided they have the mandate to act on behalf of that entity.

     

  • Do I need to visit a branch to submit documentation?

    No. You can submit all documents required online.

    Any business entity seeking an Absa business account. However, only one person, normally the main applicant, can apply provided they have the mandate to act on behalf of that entity.

     

  • Who do I contact If I want to check my business account application status?

    Call the Absa contact number provided in the communication sent to you or call 0800 227 592.

  • How do I qualify for promotional campaigns or offers on the Business Evolve Account?

    To qualify for promotional offers, your account must be activated. The account is activated as soon as a deposit is made into your account, preferably on the date the account was opened.

  • How do I activate my business account?

    The account is activated as soon as a deposit is made into your account. The account must be activated with a deposit within seven working days from the date the account was opened, or else the account will close systematically. The account cannot be reopened or used once the account is systematically closed.

  • What is the minimum opening balance for an Absa business account?

    There is no minimum amount. The account is activated as soon as any amount is deposited into your account.

    Any business entity seeking an Absa business account. However, only one person, normally the main applicant, can apply provided they have the mandate to act on behalf of that entity.

     

  • What is the minimum opening balance for the Absa Liquidity Plus Account?

    There is no minimum amount. The account is activated as soon as any amount is deposited into your account.

  • Can business accounts be used for forex trading?

    Yes, you can use your business account to trade in forex.

    Any business entity seeking an Absa business account. However, only one person, normally the main applicant, can apply provided they have the mandate to act on behalf of that entity.

     

premium banking

Manage your spend with our business credit cards

Apply for any of our corporate and business credit cards and improve your business cashflow.

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Need more help?

Let one of our business managers assist you.

For more information on opening a business account online, call us on 0800 227 592.

If you’re a new customer or you don’t bank with us, call us on 0860 040 302.

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