Are you interested to learn about Absa business evolve grow in South Africa? Then check out this guide.
This account bundle is designed for medium-sized businesses with high transaction volumes.
The account offers you uncapped electronic transfers and gets you more value for your money.
The account is available for sole proprietors or anybody who wants to be registered as a private company.
We will first show you the requirements to apply for the account.
What Are The Requirements
Below are the documents required to apply for the account:
- You should have an annual turnover of up to R500 million
- You need a copy of your ID
- Proof of residence
- You need proof of the physical address of the business or an affidavit for the sole proprietor.
- Submit your three months bank statements
- Company registration documents if you are not a sole proprietor
- A company resolution where there is more than one signatory
These are the basic requirements to apply for the business evolve grow in South Africa.
We will now show you the features of the Business Evolve Grow.
Absa Business Evolve Grow
You get 60 electronic transactions and 15 cash transactions per month.
You have free 24/7 access to Absa online and the Absa banking app.
You get a visa debit card to help with your day-to-day cash withdrawals, cash-free payments, and purchases.
You can withdraw funds from the account any time you need them.
All cash transactions in excess of the bundled number or transaction value are charged as an out-of-bundle fee.
Transactions that do not form the bundled transactions are charged on the normal PAYT basis.
You get to retain your account for life even if you change business transactional account types or price plans.
There is no limit to the number of business accounts opened per entity.
You have access to the self-service portal, Absa ATMs, Absa supported ATMs, branch network, and a cash handling service.
There is a shariah-compliant account option available if you need one.
These are the features of Absa’s business evolve grow in South Africa.
We will now show you the cost of the account.
What Is The Cost Of Absa Business Evolve Grow In South Africa
There are no charges for Absa inter-account transfers, Absa-to-Absa debit orders, and NotifyMe.
The monthly fee for this account is R415.
There is no monthly fee for the Absa SmartPay card.
You have access to the cash flow manager at no additional fee.
This is all the information about Absa business evolve grow in South Africa.