Pay only for the transactions that you actually do and enjoy access to a host of benefits when you apply online for our Business Evolve PAYT package.

Monthly account fee:
R85

transactions per month
More value

Includes a Visa Debit Card, Liquidity Plus* Investment Account, 24/7 access to Absa Online and the 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 Business Evolve Account to suit your business needs

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

 

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Business Evolve
Account

Apply online for your business account.

Apply now

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Business Evolve Islamic
Account

Apply online for your Shari’ah-compliant account.

Apply now

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Business Evolve Franchise 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

  • Business Evolve PAYT Account features

    • Transacting channels: 24/7 access to Absa Online and the Banking App, at no additional monthly management fee.
    • 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.)  
    • Access to Cashflow Manager at no additional monthly management fee.
    • Zero fees on Absa interaccount transfers and Absa-to-Absa debit orders.
    • Tiered pricing on electronic transactions.
    • No monthly fee on the Absa SmartPay card payment device.
    • One account number for life: Retain your existing account number when you change between business transactional account types or price plans.
    • Multiple accounts: No limit to the number of business accounts opened per entity.
    • 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.
    • 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 needed

    • 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 to 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.