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2020 Pricing Guide Business Banking PDF
2020 Pricing Guide Business Banking PDF
2020 Pricing Guide Business Banking PDF
Every day.
Business Banking
Pricing Guide 2020
For all businesses, big or small, new or established, a relationship
with Absa offers true value. We understand you, your business
and your ambitions and partner with you to help you grow.
Current Account 4
•
Classic Business Account, Growing Business Account, Islamic Business Account (PAYT),
*The Essentials Package offer is also available to our Islamic Banking Customers
• BizStart Account
Investment Account 12
• Liquidity Plus
3
Current Account
Current Account
Service fee
Cheque encashment
Deposits
4
Current Account
Deposits
Cash withdrawals
Purchases
Prepaid top-up
Point of sale
Local R4,20
Overseas R4,20(2)
Account payments
5
Current Account
Funds transfers
Balance enquiries
POS R1,75
Statement fees
eStatement No charge
6
Current Account
Administration fees
Other fees
7
Current Account
POS R8,50
Internal No charge
External R19,00
*The Essentials Package offer is also available to our Islamic Banking Customers. **Overdraft not applicable on Islamic accounts.
Notes: (1) A convenience fee is included when you withdraw from either an Absa-supported or a Saswitch ATM. (2) Overseas includes but is not limited to; Barclays ATM
and Global Alliance Partners. Currency conversion fee of 2,75% (of rand value of the transaction) applies to only transactions outside South Africa. (3) An unauthorised debit
balance fee is applicable when an account without an approved limit goes into a debit position. Due to the administrative burden, this fee is calculated differently for Islamic
Banking customers. (4) Increasing to R170,00 per transaction from the 4th occurrence within 12 months. (5) An honouring fee will be charged for each transaction paid
against uncleared cheques deposited or when we allow payments in excess of the available funds in the account. (6) Only applicable to Juristic Persons. (7) An initiation fee of
1,21% will apply to all applicants (NCA maximum fee limits will apply to Non-Juristic Persons). For Juristic Persons we also apply an annual facility review fee of 1,21%.
Absa online for Business No charges applicable for the monthly subscription fee
* The Essentials Package offering is also available to our Islamic Banking Customers.
Notes: (1) Product needs to be taken up in conjunction with a SmartPay device. (2) 50% Rebate on monthly fee for minimum balances>= R100k. (3) Out of bundle fee is
R23,00 per transaction for all payments and transfers. (4) Out of bundle fee is 2.65% plus standard base fee per transaction for cash deposits and withdrawals.
8
BizStart Account
BizStart Account
Deposits
Cash withdrawals
Purchases
9
BizStart Account
Account payments
Internal No charge
External R19,00
Fund transfers
Balance enquiries
POS R1,75
10
BizStart Account
Statement fees
eStatement No charge
Administration fees
Other fees
Unpaid fees
POS R8,50
Notes: (1) A convenience fee is included when you withdraw from either an Absa-supported or Saswitch ATM. (2) Increasing to R170,00 per transaction
from the fourth occurrence within 12 months. (3) Overseas includes but is not limited to; Barclays ATM and Global Alliance Partners. Currency conversion fee of 2,75%
(of rand value of the transaction) applies to only transactions outside South Africa.
11
Liquidity Plus
Monthly fee
Deposits
Cash withdrawals
Account payments
• Absa ATM N/A
• Branch counter N/A
12
Liquidity Plus
Transaction Fee per transaction
Funds transfers
• Absa ATM No charge
• Branch counter R75,00
Balance enquiries
Statement fees
eStatement No charge
Administration fees
Other fees
Note: (1) Currency conversion fee of 2,75% (of rand value of the transaction) applies to only transactions outside South Africa.
13
Savings and investments
Monthly fees
Deposits
Cash withdrawals
Funds transfer
Balance enquiries
14
Savings and investments
Statement fees
eStatement (1)
No charge
Administration fees
Note: (1) Customers can register for eStatements by logging onto Absa Online and clicking on the ‘Profile’ menu bar and then on ‘Manage eStatements’, or via Telephone
Banking or by sending their request to officialemail@absa.co.za
15
Absa Online for Business, Mobile
and Telephone Banking
16
Mobile fee Telephone fee
Transaction Online fee amount
amount amount
Basic enquiry No charge No charge R1,05 IVR
R32,00 adviser-
assisted
Email R1,25 R1,25 R2,00 IVR
R2,00 adviser-
assisted
Fax R13,00 R13,00 R13,00 IVR
R13,00 adviser-
assisted
R32,00 adviser-
Statement/Proof of payment(1) R8,00 N/A
assisted
*The Essentials Package offer is also available to our Islamic Banking Customers.
Note: (1) All statements or proof of payment (POP) older than three months retrieved on your behalf will cost R65,00 per statement/POP.
statement/POP.
17
Commercial Credit Card Payment Solutions(1)
Account fees
18
Transaction Fee per transaction
Balance enquiries
19
Transaction Fee per transaction
Cash deposits
Notes: (1) Detailed Absa Group pricing published – absa.co.za/Absacoza/Rates-and-Fees. (2) Corporate Card lounge access – no charges applicable for two Corporate Card
lounge access visits and discounted access for additional visits. (3) Currency Conversion Fees applicable on all overseas card transactions.
Disclaimer
Fees quoted in this brochure are valid from 1 January 2020. Unless otherwise stated, fees include 15% VAT and are subject to change.
Absa is entitled to, immediately and without notice, for each product or service offered to individual clients, change the fees to such fees as are applicable to the same
or similar business products and services offered to business clients, if there is proof that an individual product is used for business purposes, or used in any way that is
not allowed by the product terms or rules. This may also result in clients having to pay additional fees or the product or service could even be terminated.
Terms and conditions apply Authorised Financial Services Provider Registered Credit Provider Reg No NCRCP7
20