Pay only for the transactions you actually do and enjoy access to a host of benefits when you apply online for our Pay-as-you-transact (PAYT) business account.

 

Monthly account fee:
R85

Get 10 free electronic transactions per month
More value

Visa Debit Card, Liquidity Plus* investment account, 24/7 access to Absa Online Banking, the Absa Banking App and Cashflow Manager at no additional cost.

*Liquidity Plus is not available on Islamic accounts.

Get 5 free cash transactions per month
Save

Our tiered pricing on electronic transactions saves you money. 

Unlimited POS and prepaid airtime transactions
Access to a dedicated service desk

Let our dedicated team of bankers take care of your daily banking needs.

Unlimited POS and prepaid airtime transactions
Build a credit record

Helps you build a good credit history for your business.

Tailor your PAYT business account to suit your business needs

Apply for any one of the Business Evolve current accounts below and reap the benefits.

Business
Account

Apply online now for your business account.

Apply now

Islamic Business
Account

Apply online now for your Shari'ah-compliant business account.

Apply now

Franchise Business Account

Speak to your banker, or apply in branch to tailor a business account for your franchise.

 

Applying for a business account is easy

  • Let’s switch your debit orders

    Whether you’re an existing customer or new Absa business customer, you can switch your debit orders.

    Learn more

  • Pay-as-you-transact account features

    • Zero fees on Absa inter-account transfers and Absa to Absa (internal) debit orders.
    • 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.
    • Visa Debit Card: Assists you with day-to-day cash withdrawals, cash-free payments and purchases.
    • Secondary debit cards and personalisation options available.
    • Transacting channels: 24/7 access to Absa Online Banking and the Absa Banking App, at no additional monthly management fee.
    • Access to Cashflow Manager at no additional monthly management fee.
    • Access to self-service portal, Absa ATMs, Absa-supported ATMs and a branch network.
    • Demand Call Account: Access to Liquidity Plus (please note Liquidity Plus is not included on the Business Evolve Islamic Account, Shari’ah-compliant investment options are available if required).  
    • Access to a cash-handling service.
    • Statements: View your statement on your Absa Online banking profile or receive your statement via email.
    • Tiered pricing on electronic transactions.
    • Franchise and Shari’ah-compliant options available.

How to apply for your business account

  • Qualifying criteria

    • 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).
  • 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).
  • What it costs

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