Business Account

  • No fees when using your card for local point of sale purchases
  • Link multiple profiles for easy payments
  • Activate your Debit Card for Tap & Go for contactless transacting
  • Make cash deposits at till points at Checkers, Shoprite, Usave, Pick n Pay and Boxer
  • stores nationwide using your Debit Card
  • Deposit cash at selected ABSA cash-accepting ATMs Access to over 25 000 saswitch
  • ATMs nationwide to withdraw cash
  • Transact online with ease, 24/7 with Internet Banking
  • Additional monthly subscription fee for Internet Banking
  • Upload beneficiaries in bulk via batch uploads
  • Capture and release payments in Batches
  • Make SARS payments online
  • Access funds urgently online with Real Time Payment
  • Receive e-stamped statements online
  • Download the Al Baraka Banking app
  • Low monthly admin fee of R50
  • A minimum balance of R500 is required to open a Business Banking Account
  • View the detailed 2021/2022 fees here

The following documentation is required to apply:

Entity

  • The founding document of the applying entity.
  • Click here for a list of Entities with their respective document.
  • Proof of address, not older than 3 months, for the verification of the business trading address.

Authorised Signatories

  • South African green bar-coded Identity Document or Smart ID for each of the authorised signatories and Corporate banking users
  • Proof of address, not older than 3 months, for the verification of residential address of the authorised signatories

Click here to view all acceptable forms of proof of address required to open an account

Please note that depending on the nature of business and type of Entity additional information will be requested.

With these on hand, you can then contact your nearest branch to apply, or complete the Contact Form on this page for our Sales Consultant to call you.

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