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Complete guide to the FNB Gold Business Account, all that you need to know, charges, fees, interest, application process and contact details.

A basic checking account for enterprises is the FNB Gold Business Account. The account is designed for tightly owned, startup-registered micro-, small-, and small-businesses.

The FNB Gold Business Account is a straightforward day-to-day transaction account that enables fast and uncomplicated in-person and online transactions.

You may simply buy products and services both domestically and abroad if you have a Gold Business Account.

Through online banking, the Department of Trade and Industry and FNB have partnered to help people register their enterprises with the Companies and Intellectual Property Commissions. Now, individuals may create a bank account with FNB and register their companies at the same time.

FNB Gold Business Account Overview

If your annual business income is between R0, 000,000.00 and R5, 000,000.00, you may open a FNB gold business account, which allows you to write business checks.

The four price tiers available with a FNB gold business account are as follows:

  1. Option 1: A monthly account cost of R299.00 (a single price).
  2. The second single-price pricing tier includes an R399.00 monthly account fee.
  3. The PAYU plan has a monthly price of R83 and is a pay-as-you-go model.(the monthly maintenance cost for trust accounts is R156 00)
  4. A Gold Business Account, with a monthly price of R99.00, is available.

Digital banking services are included with FNB Gold Business accounts. Business banking services are available around the clock for the convenience of account users.

The Advantages of FNB Gold Business Account

Choosing this business account with First National Bank comes with great benefits that includes and not limited to the following.

  • Four price choices are available: single charge, Pay As You Use, single fee 2, and gold business bundle.
  • The account accommodates heavy and light transactors.
  • It provides more services and perks than the FNB First Business Zero Account.
  • Includes electronic transactions.
  • Fundaba on the FNB App provides a business coach for the FNB Gold Business Account. Free service.
  • Card swipes are limitless at South African and international stores.
  • Free airtime, data, and energy with FNB digital transactions.
  • Includes a free FNB business call account with a guaranteed minimum interest rate of 2.25% per year and savings from R1.00.
  • Bank account users may use the FNB Gold Business Account/Debit Card to receive eBucks points and discounts on qualifying purchases.
  • FNB will register your firm with CIPC and create your FNB Gold Business Account.

As may all know, there are always advantages and disadvantages to any type of finance option, let us look at the competitive advantages of this account.

The Pros of FNB Gold Business Account

  • Includes free on-demand business solutions.
  • Includes a no-cost business call account.
  • The account has a variety of price tiers to pick from.
  • Since the account may be created online, opening one is simple.
  • When it comes to keeping the account up to date, there are no additional fees.
  • The account permits the use of several cards.
  • Account members are granted free access to the FNB eBucks rewards program.

Account Application Requirements

To apply for this business account, you can visit the following section of the First National Bank website, however you need to meet the following minimum requirement.

  • A South African enterprise must be registered.
  • Have yearly incomes that vary from 0 to 5,000,000 Rand.
  • Provide green barcoded ID booklets or smart cards for the company’s directors.
  • Address verification for the business’s owners.
  • The certificate of company registration is one of the required business papers.
  • Tax identification number for the company.
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