Are you a start-up business with an annual turnover below R10 million? The Absa Classic Business Account will take care of all your daily business banking needs.

Apply now My saved application

Build a credit record

Getting an Absa Classic Business Account is an excellent way to build a good credit history for you and your company.

Free access to value adds

You get value adding offerings: switching service, concierge service and business legal advice at no cost.

Access Enterprise Development Centers

When you get an Absa Classic Business Account you also get access to Enterprise Development Centers to help grow your business.

Tell me more

How to get it and what you can expect

Qualifying criteria
  • Any registered business entity with an annual turnover below R10 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
  • Monthly account fee - R65.00
  • Monthly cheque service fee - R75.00
Account features
  • Debit card: assisting you with day-to-day cash withdrawals, cash-free payments and purchases
  • Unlimited transacting channel: access to our branch network as well as our electronic platforms such as; internet banking, the App, self-service kiosks, ATMs and Absa supported ATMs
  • Statements either via post or email
  • Cheque book: a personalised cheque is available if required
  • Multiple accounts: open an unlimited number of business accounts
  • One account number for life: retain existing account number when changing between current accounts
  • Block debit orders: block unwanted debit orders to protect your funds from being used fraudulently
  • Transfer charges: transfer banking fees to another Absa current account in your profile

*Download our Business Client Agreement

Need more help?

Let one of our consultants assist you.

If you need more information on opening an Instant Business Account

Call us on:

0861 000 734

If you’re a new customer or you don’t bank with us

Call Business Banking on:

0860 040 302