FNB vs ABSA vs Standard bank

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  • bjsteyn
    Silver Member

    • Jul 2010
    • 231

    #31
    Originally posted by league_of_ordinary_men
    Does anyone of you know what the monthly fee's are for a standard bank business account?
    Its R99 per month for the first year. There BizLaunch account.

    From Standard Bank website:

    "Introduction

    You've taken the first step, decided to start your own business and be your own boss.
    Our years of experiences and expertise can help you with this exciting next step.

    Do I qualify for a BizLaunch account?

    You qualify for a BizLaunch account if you are one of the following:

    An entity, sole proprietor or informal body formed with the intention to do business and generate a turnover
    A start-up business with no other business accounts
    Run an existing business less than 12 months old
    A business trading and using your personal account to transact

    Why do I need a BizLaunch account?

    BizLaunch account helps you to keep accurate banking records, produces statements for easy reference and assists you to build up a banking relationship and credit risk profile.

    Our business account is simple to manage and allows you to transact in the way that is most convenient for you, from traditional branch banking to using our advanced electronic services.

    What do we offer?

    A BizLaunch account has all the functionality of a standard current account, with a difference! We understand that costs matter when you're starting out. During the early days, cash flow is scarce, so paying a fixed amount for bank charges every month allows you to plan better. For this reason, BizLaunch offers bundled pricing, which means you save on bank fees while your business is starting up.

    The account also offers a cheque card, which is your key to doing your banking anytime anywhere. It allows you to:

    Access all our banking channels
    Do your banking on the Internet, by telephone, cellphone and at our AutoBank centres
    Pay for business purchases at merchants displaying the VISA sign. You are able to manage the monthly limits on the cards
    Gives you access to Visa premium business benefits

    There's more...

    Your BizLaunch transactional account also offers you:

    A merchant device for R325.00 a month at a rate of 3.25% across all card types
    Business registration services
    A business plan template to help you with finance applications
    Classroom-based training at a 20% discount
    Access to BizConnect online portal for business tips
    Access to BizDirect all centre for business support and query resolution

    Other benefits...

    Pastel My Business Online Accounting package support to help you to produce management accounts and financial statements
    Business Insurance for R150 per month
    You can deposit and withdraw money whenever required, (subject to the available balance in your account)
    Electronic banking facilities enable you to have access to your bank accounts 24-hours a day, using AutoBank, AutoPlus, internet and telephone banking
    Stop payment instructions on debit orders.
    Money is easily transferable to other Standard Bank branches and other banks
    You can manage the following through internet banking:
    Future dated payments
    Account payments
    Balances and provisional statements
    Inter account transfers

    Ready, steady, go!

    To activate your account you need an opening deposit of R500. Your business banker will facilitate this for you and get you ready to start transacting.

    Bundled pricing

    For the first 12 months your pricing bundle includes the following transactions:

    8 ATM cash withdrawals
    Combined total of 30 card purchases electronic account payments
    Unlimited debit orders
    Unlimited inter account transfers
    Unlimited AutoBank deposits
    Unlimited Autobank/Autoplus statements and balance enquiries
    Internet banking subscription
    MyUpdates subscription
    Annual cheque card fee
    Online accounting package monthly license fee

    Terms and Conditions:

    This offer is valid for a 12 month period starting from the day the Bizlaunch account is opened.

    The Bizlaunch account will automatically convert to a bundled BizLaunch pricing of R180 per month on the 12 month anniversary of the account. You will be able to choose to enjoy all of the great benefits of BizLaunch at this competitive rate, or you can elect to move to a Business Current Account with 'pay as you transact' pricing by calling BizDirect.

    Contact Us:

    For more information speak to a business banker or call the BizDirect call centre on 0860 109 075 or email: bizdirect(@)standardbank.co.za."
    Please support us--> https://thundafund.com/project/6716626611208846

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    • bjsteyn
      Silver Member

      • Jul 2010
      • 231

      #32
      The only thing is Standard Bank doesn't give Business Loans (or at least startup loans) as far as I know. And you can only upload funds to Paypal from FNB (as far as i know). Thats the two reasons my business account is still with FNB and not Standard Bank.
      Please support us--> https://thundafund.com/project/6716626611208846

      More info about Timeless.
      www.facebook.com/atimelessnation
      www.facebook.com/atnmagazine
      www.facebook.com/timelessaction
      www.facebook.com/timelessrehab
      www.facebook.com/godisstaying
      www.facebook.com/groups/howbigisourgod
      www.facebook.com/timelessessentials2020
      www.facebook.com/timelesscsm2019

      My Business Card
      https://imgur.com/N3PFn00
      https://imgur.com/qlYNGST

      Comment

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