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

Build a credit record

Our Classic Business Account is an excellent way to build a good credit history when you add a business overdraft facility to your account. Take advantage of the best interest rate in the market, which is tailor-made based on your risk profile.

Get 5 free cash transactions per month
Electronic banking

Access our digital solutions, Absa Online and no-monthly fee App banking.

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

Helps you with your day-to-day banking needs through a dedicated team of bankers on call.

Unlimited POS and prepaid airtime transactions
Access to Enterprise Development Centres

Get the help you need from our Enterprise Development Centres to help grow your business.

We make business banking 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

  • Account features

    • Debit card: assists you with day-to-day cash withdrawals, cash-free payments and purchases.
    • Access to our branch network as well as our electronic platforms such as online banking, monthly fee free Absa Banking App, self-service kiosks, ATMs and Absa-supported ATMs.
    • Access to cash-handling service.
    • Unlimited Inter-account transfers and Internal Debit orders.
    • Get statements via email.
    • Multiple accounts: open an unlimited number of business accounts.
    • One account number for life.
    • Block debit orders: block illicit debit orders digitally or at any of our branches.
    • Transfer charges: transfer banking fees to another Absa current account in your profile.
    • Free Absa Online Banking (Effective 1 July 2020).

    *Download our business client agreement

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

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