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.

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

Annual turnover:
R0 to R5 million

Monthly fee:
R0

Tiered pricing on electronic transactions.
Included at 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 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
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
Ten cash deposits/withdrawals at any Absa ATM (capped at R50 000 per month)
Included at zero monthly fee:
- Absa Online and the Banking App
- Visa Debit Card
- Liquidity Plus investment account*
Unlimited Absa inter-account transfers
Unlimited Absa-to-Absa (internal) debit orders
Suitable for all business segments and sectors
Shari’ah-compliant option available

Apply now

Tell me more

Evolve 60

Annual turnover:
R0 to R500 million

Monthly fee:
R415

Includes 60 electronic transactions
Fifteen cash deposit/withdrawal transactions at any Absa ATM (capped at R100 000 per month)
Included at zero monthly fee:
- Absa Online and the Banking App
- Visa Debit Card
- Liquidity Plus investment account*
- Cash Flow Manager
Unlimited Absa inter account transfers
Unlimited Absa-to-Absa (internal) debit orders
Suitable for all business segments and sectors
Shari’ah-compliant option available

Apply now

Tell me more

Evolve 90

Annual turnover:
R0 to R500 million

Monthly fee:
R590

Includes 90 electronic transactions
Fifteen cash deposit/withdrawal transactions at any Absa ATM (capped at R250 000 per month)
Included at zero monthly fee:
- Absa Online and the Banking App
- Visa Debit Card
- Liquidity Plus investment account*
- Cash Flow Manager
Unlimited Absa inter account transfers
Unlimited Absa-to-Absa (internal) 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.

Continue an application

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)

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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)

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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 account types:

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

Evolve Zero

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.

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.