Streamline your business banking now with our Business Evolve Account. We’ve done away with multiple business accounts to give you one business account that you can keep for life. One point of access for all your business banking needs to save you time and money.

Easy to use and easy to pay for

Choose the way that you want to structure your Business Evolve Account fees in line with your business’ requirements. We have five payment options when you open a Business Evolve Transactional Account: Business Evolve Core, aimed at sole proprietors; Business Evolve PAYT, a no-frills pay-as-you-transact option; Business Evolve Start, a bundle best suited for start-ups; Business Evolve Grow, a bundle designed for medium-sized enterprises; and Business Evolve Excel, a bundle packaged for businesses with high transaction volumes. Pick the one that works for you.

 

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

 

Help me decide

Business Evolve Core 

Annual turnover:
R0 to R5 million

Limited to Sole Proprietors

Monthly fee:
R0

  • Tiered pricing on electronic transactions
  • Includes:
    • 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
  • No monthly fee on the Absa SmartPay card payment device
  • Shari’ah-compliant option available

Apply now

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Business Evolve PAYT

Annual turnover:
R0 to R500 million

Monthly fee:
R85

  • Tiered pricing on electronic transactions
  • Includes:
    • 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
  • No monthly fee on the Absa SmartPay card payment device
  • Suitable for all business segments and sectors
  • Shari’ah-compliant option available

Apply now

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Business Evolve Start

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)
  • Includes:
    • Absa Online and the Banking App
    • Visa Debit Card
    • Liquidity Plus Investment Account*
  • Unlimited Absa interaccount transfers
  • Unlimited Absa-to-Absa debit orders
  • No monthly fee on the Absa SmartPay card payment device
  • Unlimited NotifyMe
  • Suitable for all business segments and sectors
  • Shari’ah-compliant option available

Apply now

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Business Evolve Grow

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)
  • Includes:
    • 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
  • Unlimited NotifyMe
  • Suitable for all business segments and sectors
  • Shari’ah-compliant option available

Apply now

Tell me more

Business Evolve Excel

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)
  • Includes:
    • 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
  • Unlimited NotifyMe
  • 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.

Continue an application

You might also be interested in the business accounts below:

 

Attorney Trust Account

Monthly fee:
R85.00

  • Preferential credit interest rate paid on credit balances
  • Free Absa Online Banking (effective 1 July 2020)
  • 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
  • No overdrafts allowed

Tell me more

Trust Account

Monthly fee:
R85.00

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

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   Core

    R0

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

    Business Evolve Start

     

       

         R265

    Business Evolve Grow

     

         R415

     

    Business Evolve Excel

     

         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?

    • Business Evolve Core – Sole proprietors with an annual turnover of up to R5 million.
    • Business Evolve PAYT, Business Evolve Start, Business Evolve Grow and Business Evolve Excel – 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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