Exceptional value.

Every day.
Business Banking
Pricing Guide 2020
For all businesses, big or small, new or established, a relationship
with Absa offers true value. We understand you, your business
and your ambitions and partner with you to help you grow.

In 2020 we bring you affordable banking

and innovative solutions so that you experience
our promise to bring your possibilities to life. Every day.
Contents

Current Account 4

• 
Classic Business Account, Growing Business Account, Islamic Business Account (PAYT),

Business Essentials Account*, Business Essentials Package*, Business Essentials Lite*,

Business Essentials Plus* and other business current accounts

*The Essentials Package offer is also available to our Islamic Banking Customers

Business Savings Account 9

• BizStart Account

Investment Account 12

• Liquidity Plus

Savings and investments 14

• Notice Select, Call Savings, AIT (Absa Investment Tracker)

Absa Online for Business, Mobile and Telephone Banking 16

• Small/Medium Enterprise Business, Commercial Business

Commercial Credit Card Payment Solutions 18

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Current Account

Current Account

from R80,00 a month

The following fees are applicable to these service channels:

Transaction Fee per transaction

Monthly account fees

Classic Business Account R80,00

Growing Business Account R150,00

Islamic Business Account (PAYT) R80,00

Business Essentials Account* R80,00

Business Essentials Package* R245,00

Business Essentials Lite* R130,00

Business Essentials Plus* R415,00

Other business accounts R80,00

Service fee

Cheque service fee R200,00

Cheque encashment

Cheque encashment fee Cash withdrawal fee plus service fee

Deposits

Cheque deposit: Branch counter R60,00

Cash deposit - Minimum

• Branch counter R60,00
• Cash Centre R30,00
• Cardless No charge
• Device No charge

Cash deposit - Base fee

• Branch counter R9,00
• Cash Centre R7,00
• Cardless R6,70
• Device No charge

Cash deposit fee - Branch counter

• R0 - R5 000 3,00% of deposit
• R5 000 - R30 000 1,66% of deposit
• > R30 000 1,26% of deposit

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Current Account

Transaction Fee per transaction

Deposits

Cash deposit fee - Cash centre

• R0 - R5 000 3,00% of deposit
• R5 000 - R30 000 1,70% of deposit
• > R30 000 1,14% of deposit

Cash deposit fee - Cardless

• R0 - R5 000 2,60% of deposit
• R5 000 - R30 000 1,66% of deposit
• > R30 000 1,14% of deposit

Cash deposit fee - Device

• R0 - R5 000 2,60% of deposit
• R5 000 - R30 000 1,66% of deposit
• > R30 000 1,14% of deposit

Cash deposit: Absa ATM R4,50 + R1,60⁄R100 or part thereof

Cash withdrawals

Branch counter R65,00 + R2,00/R100

Absa ATM R2,00 per R100

Point of sale (POS)(local) R4,50

Absa-supported ATM R6,00 + R2,00/R100 (1)

Saswitch ATM R11,50 + R2,00/R100(1)

Overseas ATM R75,00(2)

Purchases

Prepaid top-up

Absa ATM, POS R1,50

Absa-supported ATM R6,00

Saswitch ATM R11,50

Point of sale

Local R4,20

Overseas R4,20(2)

Account payments and funds transfers

Account payments

Absa ATM R9,35

Branch counter R75,00

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Current Account

Transaction Fee per transaction

Account payments and funds transfers

Funds transfers

Absa ATM No charge

Branch counter R75,00

CashSend (Absa ATM) R2,00 per R100

Balance enquiries

Branch counter R7,10

Absa ATM No charge

Absa-supported ATM R4,30

Saswitch ATM R8,00

POS R1,75

Statement fees

Full statement - branch R32,00

Mailed statement R32,00

Ministatement at an Absa ATM R8,00

eStatement No charge

Absa CAT terminal full statement R16,00

Copies of statements (per statement)

Less than 4 months old R32,00 (or branch statement)

4 months or older R75,00

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Current Account

Transaction Fee per transaction

Administration fees

Bank cheque/Marked cheque R200,00

Stop payment instruction R75,00

Stop order establishment/amendment No charge

Special clearance R200,00

Debit card replacement fee R140,00

Cheque card replacement fee/New card fee R140,00

Other fees

Notification fee (SMS or email) R0,60

Overdraft ledger fee (pm)**

Overdraft provision on your account** R69,00

Unauthorised debit balance fee

Juristic persons 1,71% of excess (minimum R100,00)(3)

Non-juristic persons R100,00(3)

Dishonoured/Returned payment or RD cheque R150,00(4)

Honouring fee R100,00(5)

Unutilised facility fee 1,21%(6)

Initiation fee 1,21% of facility value(7)

Review fee 1,21% of facility value(7)

Declined fee (insufficient funds)

Absa ATM No charge

Absa-supported ATM R8,50

Saswitch ATM R8,50

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Current Account

Transaction Fee per transaction

Other fees

Declined fee (insufficient funds)

POS R8,50

Returned cheque deposit R150,00

Debit and stop orders

Internal No charge

External R19,00

*The Essentials Package offer is also available to our Islamic Banking Customers. **Overdraft not applicable on Islamic accounts.

Notes: (1) A convenience fee is included when you withdraw from either an Absa-supported or a Saswitch ATM. (2) Overseas includes but is not limited to; Barclays ATM
and Global Alliance Partners. Currency conversion fee of 2,75% (of rand value of the transaction) applies to only transactions outside South Africa. (3) An unauthorised debit
balance fee is applicable when an account without an approved limit goes into a debit position. Due to the administrative burden, this fee is calculated differently for Islamic
Banking customers. (4) Increasing to R170,00 per transaction from the 4th occurrence within 12 months. (5) An honouring fee will be charged for each transaction paid
against uncleared cheques deposited or when we allow payments in excess of the available funds in the account. (6) Only applicable to Juristic Persons. (7) An initiation fee of
1,21% will apply to all applicants (NCA maximum fee limits will apply to Non-Juristic Persons). For Juristic Persons we also apply an annual facility review fee of 1,21%.

Bundled pricing for Business Bank

Transaction type Business Business Business Business

Essentials Lite* Essentials Essentials Plus* Essentials
Package* Smart*(1)
Monthly fee R130,00 R245,00 R415,00(2) R245,00(2)

Absa electronic, account Limited to 10 Limited to 30 Limited to 75 Limited to 75

payments, funds transfers transactions per transactions per transactions per transactions per
and debit orders (excludes month(3) month(3) month(3) month(3)
immediate interbank
payments, Cashsend, branch
and other transactions)

Absa online for Business No charges applicable for the monthly subscription fee

Free ATM cash deposits/ Limited to 5 Limited to 10 Limited to 15 imited to 15

withdrawals transactions or transactions or transactions or transactions or
R15 000 per R50 000 per R100 000 per R100 000 per
month(4) month(4) month(4) month(4)

Debit card purchases and

Unlimited free
prepaid airtime

* The Essentials Package offering is also available to our Islamic Banking Customers.

Notes: (1) Product needs to be taken up in conjunction with a SmartPay device. (2) 50% Rebate on monthly fee for minimum balances>= R100k. (3) Out of bundle fee is
R23,00 per transaction for all payments and transfers. (4) Out of bundle fee is 2.65% plus standard base fee per transaction for cash deposits and withdrawals.

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BizStart Account

BizStart Account

from R65,00 a month

The following fees are applicable to these service channels:

Transaction Fee per transaction

Monthly account fee

Monthly administration fee R65,00

Deposits

Cheque deposit: Branch counter R60,00

Base fee R9,00 + R1,96/R100

Cash deposit: Branch counter
(or part thereof)

Minimum cash deposit fee R60,00

Cash deposit: Absa ATM R4,50 + R1,60/R100 (or part thereof)

Cardless cash deposit R9,00 + R1,96/R100

Cash withdrawals

Branch counter R65,00 + R2,00/R100

Absa ATM R2,00 per R100

Absa-supported ATM R6,80 + R2,00/R100(1)

Saswitch ATM R11,50 + R2,00/R100(1)

Overseas ATM R75,00(3)

Purchases

Prepaid top-up (Absa ATM/POS) R1,50

Point of sale (POS) – local R4,20

Point of sale (POS) – overseas R4,20(3)

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BizStart Account

Transaction Fee per transaction

Account payments and funds transfers

Account payments

Absa ATM R9,35

Branch counter R75,00

Debit and stop orders

Internal No charge

External R19,00

Fund transfers

Absa ATM No charge

Branch counter R75,00

CashSend (Absa ATM) R2,00 per R100

Balance enquiries

Branch counter R7,10

Absa ATM No charge

Absa-supported ATM R4,30

Saswitch ATM R8,00

POS R1,75

Absa CAT terminal - full statement R16,00

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BizStart Account

Transaction Fee per transaction

Statement fees

Full statement - branch R32,00

Mailed statement R32,00

Ministatement at an Absa ATM R8,00

eStatement No charge

Less than 4 months old R32,00 (or full statement)

4 months or older R75,00

Administration fees

Bank cheque/Marked cheque R200,00

Stop payment instruction R75,00

Stop order establishment/amendment No charge

Special clearance R200,00

Debit card replacement fee R140,00

Other fees

Notification fee (SMS or email) R0,60

Unpaid fees

Dishonoured/Reurned payment R150,00(2)

Declined fees (insufficient funds)

Absa ATM No charge

Absa-supported ATM R8,50

Saswitch ATM R8,50

POS R8,50

Returned cheque deposit R150,00

Notes: (1) A convenience fee is included when you withdraw from either an Absa-supported or Saswitch ATM. (2) Increasing to R170,00 per transaction
from the fourth occurrence within 12 months. (3) Overseas includes but is not limited to; Barclays ATM and Global Alliance Partners. Currency conversion fee of 2,75%
(of rand value of the transaction) applies to only transactions outside South Africa.

11
Liquidity Plus

The following fees are applicable to these service channels:

Transaction Fee per transaction

Monthly fee

Monthly account fee No charge

Deposits

Cheque deposit - Branch counter R60,00

Cheque deposit - Absa ATM No charge

Cash deposit - Branch counter R60,00 + R2,00/R100

Cash deposit - Absa ATM R4,50 + R1,60/R100 (or part thereof)

Cardless cash deposit - Cash acceptor R6,70 + R1,60/R100

Cash withdrawals

Branch counter R65,00 + R2,00/R100

Absa ATM R2,00 per R100

Absa-supported ATM R9,00 + R2,00/R100

Saswitch ATM R14,50 + R2,00/R100

Overseas ATM R75,00(1)

Global Alliance Partner R75,00

Account payments and funds transfers

Account payments
• Absa ATM N/A
• Branch counter N/A

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Liquidity Plus
Transaction Fee per transaction

Account payments and funds transfers

Debit and stop orders

• Internal debit orders N/A
• External debit orders N/A
• Stop orders N/A

Funds transfers
• Absa ATM No charge
• Branch counter R75,00

Balance enquiries

Branch counter R7,10

Absa ATM R1,75

Absa-supported ATM R4,30

Saswitch ATM R8,00

Statement fees

Branch counter - full statement R32,00

Absa ATM/Barclays ATM ministatement R8,00

Absa CAT terminal full statement R16,00

Mailed statement No charge

eStatement No charge

Administration fees

Bank cheque R200,00

Special clearance N/A

Debit card replacement fee R140,00

Debit card – Face-to-face delivery R140,00

Returned cheque deposit R150,00

Other fees

Notification fee (SMS or email) No charge

Dishonoured/Returned payments N/A

Declined fee (insufficient funds)

- SMS | Email | Fax R8,50
- Absa-supported ATM R8,50
- Saswitch ATM R8,50
- Point of sale (POS) N/A

Returned cheque deposit R150,00

Note: (1) Currency conversion fee of 2,75% (of rand value of the transaction) applies to only transactions outside South Africa.

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Savings and investments

The following fees are applicable to these service channels:

Notice Select, Call Savings, AIT (Absa Investment Tracker)

Monthly fees

Monthly account fee No charge

Monthly management fee for Investor Plus No charge

Deposits

Cheque deposit - Branch counter R60,00

Cash deposit - Branch counter R60,00 + R2,00/R100

R4,50 + R1,60/R100 (first 2 ATM cash

Cash deposit - Absa ATM
deposits free a month)

Cardless cash deposit - Cash acceptor R6,70 + R1,60/R100

Cash withdrawals

Branch counter R65,00 + R2 ,00/R100

Absa ATM R2,00 per R100

Absa- supported ATM R9,00 + R2,00/R100

Saswitch ATM R14,50+ R2,00/R100

Funds transfer

Absa ATM, Online, Mobile No charge

Branch counter R70,00

Balance enquiries

Branch counter No charge

Absa ATM No charge

Absa-supported ATM No charge

Saswitch ATM R8,00

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Savings and investments

Notice Select, Call Savings, AIT (Absa Investment Tracker)

Statement fees

Branch counter - full statement R32,00

Absa ATM ministatement R8,00

Absa CAT terminal R16,00

Mailed statement R32,00

eStatement (1)
No charge

Administration fees

Debit card replacement fee R140,00

Debit card - Face-to-face delivery R140,00

Early redemption fees are applicable subject to your Savings Plan.

Note: (1) Customers can register for eStatements by logging onto Absa Online and clicking on the ‘Profile’ menu bar and then on ‘Manage eStatements’, or via Telephone
Banking or by sending their request to officialemail@absa.co.za

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 Absa Online for Business, Mobile
and Telephone Banking

Banking from R99,00 a month

The following fees are applicable to these service channels:

Mobile fee Telephone fee

Transaction Online fee amount
amount amount
Monthly account fees

Business Essentials Package* No charge No charge No charge

Business Essentials Lite* No charge No charge No charge

Business Essentials Plus* No charge No charge No charge

All other business accounts R99,00 R99,00 No charge

Account payments and funds transfers

Prepaid top-up purchases R1,50 R1,50 R1,50

Bill and beneficiary payments R9,35 R9,35 R9,35 IVR

R16,35 adviser-
assisted
Immediate interbank payments R75,00 R75,00 R75,00 IVR
R82,00 adviser-
assisted
CashSend Plus R2,00 per R100 N/A N/A
(maximum R18,00)
Funds transfers No charge No charge No charge
R7,00 adviser-
assisted
Balance enquiries No charge No charge No charge IVR
R7,00 adviser-
assisted
R32,00 adviser-
Transaction history No charge No charge
assisted

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 Mobile fee Telephone fee
Transaction Online fee amount
amount amount
Basic enquiry No charge No charge R1,05 IVR
R32,00 adviser-
assisted
Email R1,25 R1,25 R2,00 IVR
R2,00 adviser-
assisted
Fax R13,00 R13,00 R13,00 IVR
R13,00 adviser-
assisted
R32,00 adviser-
Statement/Proof of payment(1) R8,00 N/A
assisted

Notice of payments, reminders and notifications

SMS R1,25 R1,25 R1,25

Email R1,25 R1,25 R1,25

Fax R12,00 R12,00 R12,00

Online Banking NotifyMe

SMS No charge No charge N/A

Email No charge No charge N/A

Stop payments R75,00 R75,00 R75,00

Stop order establishment/ amendment fee No charge No charge No charge

*The Essentials Package offer is also available to our Islamic Banking Customers.

Note: (1) All statements or proof of payment (POP) older than three months retrieved on your behalf will cost R65,00 per statement/POP.
statement/POP.

17
Commercial Credit Card Payment Solutions(1)

The following fees are applicable to these service channels:

Account fees

Business Revolve R34,00

Business Silver Card (a month) R34,00

Business Gold Card (annually) R410,00

Corporate Card (annually)(2) R420,00

Purchase Card (annually) R365,00

Travel Lodge Card (annually) R605,00

Aviation Card (annually) R315,00

Virtual Pay (annually) R785,00

Transaction Fee per transaction

Other charges

Initiation fee R287,00

Garage Card (monthly) – Business Silver R27,50

Garage Card (annually) – all other products R292,00

Replacement card fee R140,00

Face-to-face delivery fee R205,00

Lost card administration fee R140,00

Garage Card transaction fee R6,50

Duplicate statement fee R10,00 per request

Plus R1,00 per page (max R50)

Currency conversion fee (all products except Virtual Pay) 2,75%

Currency conversion fee – Virtual Pay 2,00%

18
Transaction Fee per transaction

Transfers and payments

Funds transfers - Absa ATM No charge

Funds transfers - Branch counter R75,00

Account payments - Absa ATM R9,35

Balance enquiries

Balance enquiry - Absa ATM and Self-service Kiosk No charge

Balance enquiry - Absa-supported ATM R4,30

Own bank ministatement R8,00

Balance enquiry - Saswitch ATM R8,00

MIS fee charges

Visa IntelliLink Level 1 (Basic) R1,75

Visa IntelliLink Level 3 (Premium) or Addendum Data R2,75

Transaction fee (per transaction)

P-Card purchases* R2,52

Other card purchases No charge

SMS/Email notifications (NotifyMe) business cards R0,60

Cash withdrawals - Branch counter (any local bank) R65,00 + R2,00/R100

Cash withdrawal - Absa ATM R2,00 per R100

Cash withdrawal - Absa-supported ATM R6,00 + R2,00/R100

Cash withdrawal - Saswitch ATM R11,50 + R2,00/R100

Cash withdrawal - Point of sale (POS) (local) R4,50

19
 Transaction Fee per transaction

Transaction fee (per transaction)

Bank cheque R200,00

Cash withdrawal - overseas ATM/Counter R75,00(3)

Invalid disputes fee - domestic transactions R50,00

Invalid disputes fee - international transactions R128,00

Declined insufficient funds – (ATM/POS) R8,50

Cash deposits

Cash deposit - Branch counter R9,00 + R3,00/R100

Cash deposit - Absa ATM R4,50 + R1,60/R100

Cheque deposit - Branch counter R60,00

*Only Purchase Card transactions

Notes: (1) Detailed Absa Group pricing published – absa.co.za/Absacoza/Rates-and-Fees. (2) Corporate Card lounge access – no charges applicable for two Corporate Card
lounge access visits and discounted access for additional visits. (3) Currency Conversion Fees applicable on all overseas card transactions.

Disclaimer
Fees quoted in this brochure are valid from 1 January 2020. Unless otherwise stated, fees include 15% VAT and are subject to change.

Absa is entitled to, immediately and without notice, for each product or service offered to individual clients, change the fees to such fees as are applicable to the same
or similar business products and services offered to business clients, if there is proof that an individual product is used for business purposes, or used in any way that is
not allowed by the product terms or rules. This may also result in clients having to pay additional fees or the product or service could even be terminated.

Terms and conditions apply Authorised Financial Services Provider Registered Credit Provider Reg No NCRCP7

20