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Business Savings Account

We can help you to invest in the future growth of your business or to make provision for a rainy day.

What you can expect

What you get
Interest is calculated daily based on the balance.

Interest is paid quarterly.

One free withdrawal per quarter. Additional withdrawals are charged at P30.

If you don’t withdraw in a quarter, you earn bonus interest.
What you need to know
You need a minimum of P2,000 to open and operate the account.
What to bring when you apply
Form 3 (Certificate of Incorporation)

Resolution - opening an account with Absa, stating signing arrangements, signed by ALL directors and stamped by company secretaries/for an existing account confirmation of the current signatories

Directors’ signatories: ID documents (Omang for Batswana and passports for non-citizens)

Address verification for the company and directors: letters of confirmation from company secretaries. Please note both the physical and postal address should be clearly stated in the letter

12 months’ cash flow projections for new companies or latest financial statements for existing companies

P2,000 opening balance required to activate the account

Directors’ source of income and source of funds (payslip) or declaration of income form to be completed

Enquire now Find a branch

Need more help?

Call:

Tel: +267 315 9524
Fax: +267 395 9780
Toll free: 080 060 0783

Email:

absa.commercial@absa.africa