South Africa
Business Current Account
Run your business with a business bank account that lets you manage your money and transact 24/7 from your Banking App or Internet Banking. Our business current account gives you access to secure electronic transfers, pre-paid purchases and payments, and allows you to boost your business’s cashflow with tailored business lending solutions
R
80
minimum service fee
R
85
Monthly fees
Some of the benefits
Convenient payment solutions
Get quick and safe payments from your customers with our innovative point of sale (POS) devices and solutions
Access business lending solutions
Boost your business’s cashflow with a business overdraft, business loans, revolving credit, and debit or structured finance
Travel insurance
Get free basic travel insurance every time you pay for your travel ticket using your Standard Bank Visa Business cheque card
Dedicated support
Get cross-border and international business support as well as access to our BizDirect support team for any business queries
WHAT YOU GET
- Secure chip- and PIN-enabled cheque card with automatic lost card protection
- Earn UCount Rewards Points whenever you swipe your business debit card
- Access to secure electronic transfers, pre-paid purchases and payments
- Custom payment and collection solutions such as innovative point of sale (POS) devices
- Dedicated support from the BizDirect team
- Cross-border and international business support
- eStatements for easy filing
- Notifications on transactions via MyUpdates
- Get in touch with us via WeChat or Facebook Messenger
CARD FEATURES
Business debit card
- Your MasterCard Business debit card is linked to and gives you access to your business accounts
- You can pay with your card for purchases locally and internationally wherever MasterCard is accepted, and you can do your banking via any of our electronic banking channels
- Tap to Pay™ at till points for R 500 or less
- Link your card to the SnapScan or Masterpass apps to pay by phone
- Activate or disable till-point, ATM and online card functionality using our Banking App
Business cheque card
- Your Visa Business cheque card offers all the functionality of your debit card and more:
- Get automatic free basic travel insurance every time you pay for your travel ticket using your Standard Bank Visa Business cheque card
- Additional travel cover is available at preferential rates
- Visa Commercial Offers has significant discount on business related services and benefits, including travel and accommodation, stationery, advertising and cleaning services (subject to latest offers on http://www.visa.co.za)/ (https://merchantoffersresource.visa.com)
- Cards can be used at toll roads, car rental companies, hotels, and for telephone and Internet purchases
- Access to your Business current account via digital banking channels, subject to limits authorised by account signatories.
- Additional cards are available for signatories on your Business current account
- Contactless transactions can be performed for small value purchases
- GCAS - Dedicated 24/7 Visa cardholder services to assist with international emergency card/cash replacement
- Medical and legal referral and company liability waiver insurance
WHAT IT COSTS
- No opening deposit
- No minimum balance
- Annual card fee included
Monthly fees 2020:
| Small enterprise | : R 85.00 |
| Business | : R 100.00 |
| Commercial | : R 115.00 |
How to get it
Documents required
- ID of owners and signatories
- Proof of address not older than 3 months
- Company registration documents if a registered company
To submit your documents online
- On completing the online application process, you’ll see an email address
- Click on the email address to generate a reference number* in the subject field.
- Attach the required documents to this email and send it through to us
*You can use this reference number if you have any queries
To submit your documents in-branch
- Visit your nearest branch with your documents and we’ll process them for you
-
WHAT YOU GET
-
CARD FEATURES
-
WHAT IT COSTS
-
How to get it
- Secure chip- and PIN-enabled cheque card with automatic lost card protection
- Earn UCount Rewards Points whenever you swipe your business debit card
- Access to secure electronic transfers, pre-paid purchases and payments
- Custom payment and collection solutions such as innovative point of sale (POS) devices
- Dedicated support from the BizDirect team
- Cross-border and international business support
- eStatements for easy filing
- Notifications on transactions via MyUpdates
- Get in touch with us via WeChat or Facebook Messenger
Business debit card
- Your MasterCard Business debit card is linked to and gives you access to your business accounts
- You can pay with your card for purchases locally and internationally wherever MasterCard is accepted, and you can do your banking via any of our electronic banking channels
- Tap to Pay™ at till points for R 500 or less
- Link your card to the SnapScan or Masterpass apps to pay by phone
- Activate or disable till-point, ATM and online card functionality using our Banking App
Business cheque card
- Your Visa Business cheque card offers all the functionality of your debit card and more:
- Get automatic free basic travel insurance every time you pay for your travel ticket using your Standard Bank Visa Business cheque card
- Additional travel cover is available at preferential rates
- Visa Commercial Offers has significant discount on business related services and benefits, including travel and accommodation, stationery, advertising and cleaning services (subject to latest offers on http://www.visa.co.za)/ (https://merchantoffersresource.visa.com)
- Cards can be used at toll roads, car rental companies, hotels, and for telephone and Internet purchases
- Access to your Business current account via digital banking channels, subject to limits authorised by account signatories.
- Additional cards are available for signatories on your Business current account
- Contactless transactions can be performed for small value purchases
- GCAS - Dedicated 24/7 Visa cardholder services to assist with international emergency card/cash replacement
- Medical and legal referral and company liability waiver insurance
- No opening deposit
- No minimum balance
- Annual card fee included
Monthly fees 2020:
| Small enterprise | : R 85.00 |
| Business | : R 100.00 |
| Commercial | : R 115.00 |
Documents required
- ID of owners and signatories
- Proof of address not older than 3 months
- Company registration documents if a registered company
To submit your documents online
- On completing the online application process, you’ll see an email address
- Click on the email address to generate a reference number* in the subject field.
- Attach the required documents to this email and send it through to us
*You can use this reference number if you have any queries
To submit your documents in-branch
- Visit your nearest branch with your documents and we’ll process them for you
Business Current Account
Monthly management fee - Small enterprise: R85
Monthly management fee - Business: R100
Monthly management fee - Commercial: R115
Fees on the Banking App are the same as on Internet Banking for Business.
Deposit fees
Cheque deposits are R60 per deposit + R8.50 per cheque in branch and at ATMs.
Cash deposit fees are R4.50 per deposit + 1.011% based on the transaction value at ATMs and ANAs.
Deposits at a branch have a flat fee of R8 + a fee based on the transaction as a % of the value (ranging from 1.465% to 3.099%).
Deposits at a cash centre have a flat fee of R6.50 + a fee based on the transaction as a % of the value (ranging from 1.244% to 2.646%).
Cash withdrawal fees
Cash withdrawals at Standard Bank ATMs are R1.90 per R100 or part thereof. Using another bank’s ATM incurs an additional fee of R9.
Branch cash withdrawal is R70 + 2.50% based on the transaction as a % of the value.
Cheque encashment is R70 + 2.50% based on the transaction as a % of the value.
Cash withdrawals at international ATMs are R75 + 2.11% based on the transaction as a % of the value.
Payment fees
Inter-account transfers and internal debit orders are R5.30.
Electronic account payments are R4.74 + 0.74% based on the transaction as a % of the value. The total maximum fee is R18.64.
External debit orders are R19.50.
Debit card (Maestro) and cheque card purchases are R6.20.
To establish, amend or cancel a stop order, it will cost R20 in branch but is free on ATM and Internet Banking.
Cheque service fee is R140 per month.
International currency conversion is 2.75% based on the transaction as a % if the value.
Information fees
Balance enquiry with no slip is free on ATM and Internet Banking. With slip, the fee is R1.60 on ATM and R10 in branch. Balance enquiry at other bank’s ATM is R9.
Provincial statements cost R7.50 at ATMs and R30 per statement in branch. Internet statements are free when viewed or downloaded online.
Transaction history
Requesting transaction history for 60 days on Internet Banking is free and in branch is R65.
Requesting transaction history for 90 days on Internet Banking is free and in branch is R95.
Requesting transaction history for 120 days at a branch is R130.
Requesting transaction history for 150 days at a branch is R160.
Requesting transaction history for 180 days at a branch is R190.
Payment confirmation fees
SMSs cost R1.35.
Email notifications cost R1.10 on Internet Banking and R1 on Business Online Domestic Banking.
Fax will cost R20 on Internet Banking and R4 on Business Online Domestic Banking.
Other fees
Monthly fee for Internet Banking is free and for Business Online Domestic Banking is R365.
Special clearance costs R160.
Debit card replacement (Chip) is R150.
Access to cheque funds is R130 + 0.10% based on the transaction as a % of the value.
Penalty fees
Deposit correction fee is R90.
There is no fee for an ATM cash decline at a Standard Bank ATM.
ATM cash decline fee at other bank’s ATMs is R9.
Honouring fee is R145 per transaction.
Dishonour or unpaid fee is R120 for first three and R150 thereafter per calendar year.
Tips and guidance
Getting started
Getting started
Learn to make the most of your new card.
Managing your business
Managing your business
Growing your business
Growing your business
Get tips and tools on strategising, innovating and accelerating growth from BizConnect™
Registering for chat services
Registering for chat services
Speak to your banker anytime through social media.
We also offer
Business Overdraft
As a short-term credit facility on your Business Current Account, your overdraft is a quick and convenient way to free up your cash flow.
In 3 minutes you’ll know if your business overdraft has been approved.
Business Revolving credit plan
Open a line of business credit to use as working capital or bridging finance to expand your operations or make acquisitions
