InvoiceBerry Tips for for Freelancers & Small Businesses 5 Best Banks for SA Small Businesses | Page 7

# 2 FNB – Business Acct.

According to FNB’ s site, its business account is suited to sole proprietors, partnerships, close corporations, companies, incorporated businesses, trusts and co-operatives.

Account Feature Minimum Balance

Monthly fee

Deposit Electronic debit transactions

Debit card fee

Cost R750 for sole proprietors; R1000 for juristic entities Option 1: R215,00, Option 2: R320,00, Option 3: R480,00 R0 Option 1: 30, Option 2: 50, and Option 3: 75 electronic debit transactions per month, with R18, R17, and R16 for excess R0