Our Islamic small business account is best suited for start-ups.  Apply for the Islamic  Business Essentials Lite Package and benefit from unlimited point-of-sale, Inter-account transfers, intertal debit orders and prepaid transactions.

Apply now

Electronic transactions

Includes 10 electronic transactions per month.

Cash transactions

Includes five cash transactions per month capped at R15 000 per month.

Unlimited POS and prepaid airtime transactions

Get business done effectively, with no hassle.

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

    • Shari’ah compliant.
    • Ten electronic transactions (transfers and payments).
    • Transactions in excess of the 10 bundled to be charged at premium of R23.00 Out of bundle fee.
    • Five cash transactions – ATM deposits and withdrawals (capped below R15 000 per month). 
    • Cash transactions in excess of the bundled number and or value of transactions to be charged at a premium fee of 2.65% of the deposit or withdrawals value.
    • Free Point-of-Sale transactions.
    • Unlimited prepaid airtime transactions.
    • Unlimited inter-account transfers and internal debit orders.
    • Absa Online.

    *Download our business client agreement

  • Qualifying criteria

    • Any registered business entity with the 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 limited (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 (Although not applicable for start-up businesses and sole proprietors. Business member/owner to submit three month 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