Bank Accounts - Absa Essential Business Account

Absa Essential Business Account

 
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Absa Essential Business Account

The Absa Essential Business Account is ideal for low volume business customers to help streamline…

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Absa Essential Business Account

The Absa Essential Business Account is ideal for low volume business customers to help streamline banking costs, regardless of whether you are a start up business or an established business. This account includes a current account with 30 free monthly electronic payments and transfers, a debit card and access to valued adds such as; Concierge Service and Business Legal Advice, all included in a bundled monthly account fee.

Absa Essential Business 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: receive statements either via post or email
  • Cheque book: a personalised cheque book is available if required
  • Multiple accounts: open an unlimited number of business accounts in your profile
  • One account number for life: retain your 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 your banking fees to another Absa current account in your profile

Benefits:

  • Packaged pricing to help you save and control your banking fees
  • Personalise your products: you can name your account and debit card a name you want
  • Value adding offerings: Switching Service, Concierge Service and Business Legal Advice at no cost
  • Banking Support: access to our Enterprise Development Centers
    A business current account also provides:
    • Legal protection on your personal assets should there be a legal recourse against your
    • business
    • Tax advantages as it enables professional reporting on business funds to correctly align to
    • tax requirements
    • A note of credibility to your business as it provides proof that your business exists as a
    • separate entity with its own records

 

Absa contact details:

Address: 15 Troye Street,
Johannesburg, 2001

Tel: 011 350 4000
Email: [email protected]
Website: www.absa.co.z

Account Details

Monthly Fee 59.50
Account Type Standard Fee
Monthly transactions included 30 Transactions For Free
Interest 0.00

Qualifying Criteria

Age Requirement 18
Minimum Monthly Salary Below R10 000000
Minimum Monthly Balance
Minimum Opening Deposit

Deposits

Cheque Deposit Branch 25.00
Cheque Deposit ATM 25.00
Cash Deposit Branch 7.00
Cash Deposit ATM R3.00 + R1.50/R100.00

Cash Withdrawals

Branch counter R50.00 + R1.50/R100.00
Own Bank ATM R3.95 + R1.30/R100.00
Other Bank ATM R9.95 + R1.30/R100.00
Point Of Sale/Till 3.95
Overseas ATM 50.00

Purchases

POS (Point Of Sale) - local 3.95
POS - Overseas R9.85 + R0.85/R100.00 (max. R45.00)
Prepaid 1.15

Account Payments

ATM 8.00
Branch Counter 50.00
Internet 0.00
Cellphone NA
Telephone Advisor NA

Debit Orders

Internal Debit Orders 4.50
External Debit Orders R12.00 + R1.50/R100.00 (max. R20.00)
Stop Orders 4.50

Fund Transfer

ATM 3.95
Branch Counter 50.00
Internet 0.00
Cellphone 0.00
Phone Advisor 50.00

Balance Enquiries

ATM 1.50
At Other Bank ATM 5.00
Branch counter 5.00
POS 1.00
Overseas ATM/POS 1.00
Internet, Cellphone 5.00
Telephone Advisor 0.00

Statements

Branch 20.00
ATM 5.00

Administration Fees

Bank cheque/marked cheque 120.00
Stop payments 75.00
Stop order 0.00
Special clearance 120.00
Debit Card replacement 100.00
Cheque Card replacement 100.00
New Cheque Card 0.00

Other Fees

Overdraft ledger 45.00
Dishonoured / returned payment 120.00
Notice of payment


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