Business Current Account

Our business current account offers overdraft facilities and can be tailored to support your business needs.One of the features of a current account is that the account can be overdrawn up to a pre-arranged limit, which means that the account can be conducted on a credit/overdraft basis or fluctuating between overdraft and credit, depending on transactions. Interest on overdraft is calculated on daily balance whilst there are various options available for credit balances.

Funds are deposited and are withdrawn by:

• Cheque
• Debit Cards
• Debit Orders
• Stop Orders
• Credit Transfers

How we do it

When it comes to running your business, convenience is key. That is why we have expert dedicated business managers to service your business. From agriculture, construction, to mining and everything in between – we can tailor our services to support your business needs.

What you need to apply

• Professional & Small Businesses - Sole proprietors
  • Valid Passport of individual.
  • Traders Licence or Registration certificate and tax clearance.
  • Resident and Work permit if Temporary Resident.
  • Latest six (6) months bank statement.
  • Proof of trading address.
  • Proof of residential address.
• Local & International Companies and Corporations - Proprietor Limited & Close corporations
  • Memorandum & Articles of Association.
  • Certificate of Incorporation.
  • Traders license and tax clearance.
  • Proof of trading address.
  • Board Resolution regarding authority to open Account with full list of members.
  • Valid Passport of Members/ Directors.
  • Proof of residential address of directors / members.
  • Bank details and statement of directors if a new Company that has no Financials (6 months statement).
  • Latest Audited Financial Statements.
• Latest six (6) Months bank statement Informal Bodies - NGO’s, societies, schools, churches, charities, etc.
  • Constitution Document.
  • Registration Document.
  • Introduction Letter from Chairman or leader of congregation.
  • Resolution by the board of Governors of a school.
  • Resolution by Executive Committee.
  • Valid passport of individuals authorized to operate and open account.
  • Proof of trading address.
  • Proof of residential address of signatories.