Its R99 per month for the first year. There BizLaunch account.Originally Posted by league_of_ordinary_men
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."
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