Managing collections and payments affects your cash flow and ability to grow. That’s why we have simplified this process by putting the speed of our entire network to work for you.

Bank online 24/7


Perfect payment solutions

Outgoing transactions
Outgoing transactions (customer account debited) | ||
---|---|---|
Service type | Cut-off times (CAT) | Application of value date |
Cash and cheque transactions | ||
Banker’s cheque/draft | 15:30 | Account debited on day of issue |
Cash delivery company’s office | Instruction to be received by the branch at least one working day before the day of delivery (Cash will not be delivered after 15:00) |
Account debited on day of delivery |
Cash out branches | Branch hours | Account debited on day of withdrawal |
Customer cheque printing | Payment files must be received by the bank 2 working days before cheque beneficiary due date | Banker’s cheques⁄drafts: account debited on the day of issue if issued before 15:00, or the following business day if posted by 15:00 |
Domestic and international transactions | ||
Domestic book transfer | 15:30 (Branch)⁄21:00 (online) | Account debited/credited same day. Funds available immediately. |
Domestic non-urgent/ACH payment | 14:00 (online)/16:00 (branch) | Account debited and delivered to counterparty bank same day (D) |
Domestic urgent/RTGS payment | 15:00 (branch)/15:30 (online) | Account debited and delivered to counterparty bank same day (D) |
International payments via SWIFT | 12:00 (ZAR)/15:00 (other currencies) | Account debited same day (D) and credit delivered to counterparty bank on D+2 |
Payroll/Salary payments | 10:00 | Accounts debited/credited on D |
Standing order | 14:00 | Absa Bank Botswana: accounts debited/credited on instruction date specified (D) Payments to other bank's account debited on instruction date specified (D) and credit delivered to counterparty bank on D+4 |
Stop payment instruction | Branch hours | Instruction will complete immediately as long as the transaction has not been completed |
SWIFT MT101 outbound | 15:00 | Account debited same day (D) |
Glossary
Online | Is the Absa online banking facility. |
Business day | Is a day in Botswana on which banks are generally open for business, excluding weekends and local public holidays. |
CAT | Is Central Africa Time, which is a time zone used in central and southern Africa that is two hours ahead of UTC/GMT. |
Cut-off time | Is a time by which Absa must receive a payment instruction or a payment into an account if it is to be processed that day. |
D, D-x, D+x |
D means the day on which Absa receives a funds transfer or a payment instruction, or if this is after a cut-off time or on a non-business day, the next business day. D–x means x business days before D. D+x means x business days after D. |
RTGS | Real-time gross settlement system, a payments system in which processing and settlement takes place in real time (continuously), i.e. as each transaction is cleared its value is also settled between the two banks. |

Optimise cash flow

We understand the importance of efficient cash management.
By consolidating your cash, you’ll know just how much cash you have and can decide whether to use it for internal funding, reducing borrowing costs or investing surpluses. We’re also able to consolidate balances held at other banks via MT101 sweeping, as well as provide visibility of balances held at other banks through MT940 reporting.
Define your own automated cash sweeping between multiple bank accounts, with reduced administration time and cost.
Your relationship team will work with you to make sure you are getting the best return on your funds. They can help you use our range of investment products, from call accounts, tiered call accounts to fixed deposits, and structured deposits offered through our markets team.
Interest
If interest is payable on an account, the time from which interest becomes payable
on funds credited to an account depends on how the funds were received.
Type of payment to an account | Interest payable |
Cash and electronic payments in BWP | Accrued daily and paid monthly |
Cash and electronic payments in other currencies | Accrued daily and paid monthly |
BWP cheques drawn on a Absa Bank Botswana account and paid in at a Botswana branch of Absa | Accrual from day of cleared value (D+2) |
Cheques in other currencies or drawn on a non-Absa Bank Botswana account | Accrual from day of cleared value (D+3) |

Benefit from our collections solutions

What you can expect
Incoming transactions
Incoming transactions (customer account credited) | ||
---|---|---|
Service type | Cut-off times (CAT) | Application |
Cash and cheque transactions | ||
Cash/Cheque bulk collections | 15:30 | Cash account credited and funds available on day of collection Cheques are subject to local clearing times |
Cash paid in at bank | 15:00 | Account credited same day. Funds available immediately. |
Doorstep banking/On-site teller | 15:00 | Cash: account credited and funds available same day (D) Cheques are subject to local clearing times |
Cheque deposit – local currency | 15:30 | Cheques drawn on Absa Bank Botswana are credited to the account and cleared on D+2 Cheques drawn on other local banks are credited to the account and cleared on D+3 Funds are available on day of clearing |
Cheque deposit – foreign currency | 15:30 | Cheques drawn on overseas banks are credited to the account and cleared D+6 weeks on all major currencies Funds are available on the day of clearing |
Cheque deposit – foreign cheque collection | Branch hours | Account credited and funds available on the day the funds are received from the drawer’s bank |
Domestic and international transactions | ||
Domestic electronic funds transfer | 14:00 | Account credited on the day of receipt and funds available immediately |
International inward receipt | 15:00 | Account credited and funds available on day of receipt |
Domestic direct debits | 13:00 (online)/15:00 (branch) | Account credited and funds available on the collection due date |
SWIFT MT101 inbound | 15:00 | Account credited and funds available on day of receipt |

The new way to pay

The prepaid cash management solution enables a corporate entity to order and distribute cards to individuals who can spend funds locally in the country of issue or internationally.
What you can expect
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Need more help?
Call:
Tel: +267 315 9524
Fax: +267 395 9780
Toll free: 080 060 0783
Email: