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.
We make business banking easy
- Shari’ah compliant.
- No monthly fees for online and app banking.
- Ten electronic transactions (digital payments or debit orders).
- Five cash transactions capped at R15 000 per month at any Absa ATM.
- 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.
- Transactions which do not form part of the bundled transactions to be charged at the normal Pay-As-You-Transact (PAYT) basis.
- Unlimited point-of-sale transactions.
- Unlimited prepaid airtime transactions.
- Unlimited inter-account transfers and internal debit orders.
- 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).
- 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).
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: