If you are thinking of opening a business account with FNB, it is imperative you need to know how much an FNB South Africa business account is.
FNB is a reputable bank whether you are starting a business or looking for the best bank to open a business account.
A business account is a must-have as a business person as it helps you differentiate your finances from business finances.
But before opening any business account, you need to know the account operating fees and the amount required to open the respective account.
First National Bank cares for every business where it is small or big.
For these reasons, they have different business accounts you can open with respect to your business income.
Additionally, this also determines how much the FNB business account is.
Below I’ve summarized FNB business accounts’ monthly fees and how much you need to open your respective account.
FNB Business Account opening charges
The charges to open any of these FNB business accounts depend on your business turnover and the kind of business you’re operating.
Thus you need to be certain of the amount your business will make if it starts up a business and choose the right business account.
Each business account has a monthly fee.
Here are more details;
FNB First Business Zero Account Fee
The first type of FNB business account you can open is the First Business Zero account.
The account is ideal for a business with a turnover of less than R5 million per year.
This account is ideal for startup businesses.
There is obviously no monthly fee on this account.
The charges come in when carrying out transactions like withdrawal or sending money.
It is an easy account to maintain as your business grows to the next level.
FNB Gold Business Account Charges
Gold Business account is meant for businesses with a turnover of more than R5 million per year.
Through the account, the business can access more resources compared to the first business zero accounts.
There is a monthly fee to operate the account, which is R265.00 per month.
FNB Platinum Business Account
The FNB Platinum Business is the third type of FNB business accounts meant for businesses with a turnover of between R5 million and R60 million per year.
The account is tailored to meet the business-specific needs and with more resources than the Gold business account.
Besides these charges, there are also other charges incurred as per the account.
You can click here for more information.
Finally, you know how much is FNB Business account in South Africa.