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 for you and your company.

Access ED 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, Absa Banking App, self-service kiosks, ATMs and Absa-supported ATMs.
    • Get 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.
    • Unlimited Inter-account transfers and Internal Debit orders

    *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 consultants assist you.

For more information on opening a business account online, call us on:

0861 000 734

If you’re a new customer or you don’t bank with us, call us on:

0860 040 302