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Absa Evolve Pay As You Transact Business Account Review 2023

Absa Pay As You Transact Business Account

Absa Evolve Pay As You Transact account is a transactional account for businesses to earn an annual revenue of up to R500 million. The account charges a monthly account fee of R90.00. 

Absa Evolve PAYT accounts include free 24/7 access to the Absa digital platform. Account holders can perform an unlimited number of interaccount transfers and debit order transactions via the digital platforms.

The Absa Evolve Pay as You Transact business account is a regressive transaction billing transactional account. Companies that conduct a large number of transactions each month can benefit from the account. 

Businesses that transact more frequently benefit the most from this account’s lower transaction fees.  For billing purposes, the account employs a tier system. 
Tiers for payments, immediate payments, debit order payments, and debit card purchases are all available. Each tier has its own set of transactional benefits, and each tier employs a regressive transactional billing system.

The Absa Evolve Pay As You Transact Business Account comes at a cost, unlike its sister account, the Absa Evolve Zero Account. Compared to the Evolve Zero Account, the Evolve Pay As You Transact Business Account offers more value when it comes to transactions and cost per transaction. However, the Evolve Pay As You Transact account is designed for registered companies and SMMEs. 

The Evolve Pay As You Transact Business Account comes with a service desk and a business can open an investment account to manage liquid cash. Moreover, the account comes with a cash flow manager at no additional cost. These benefits are there to enhance SMMEs’ performance financially and otherwise. 

Absa Evolve Pay As You Transact Business Account Benefits 

  1. The account has zero fees on Absa inter-account transfers. 
  2. The account has zero fees on Absa to Absa debit orders. 
  3. Clients get one account number for life, meaning should they want to upgrade or degrade their business account they will always use the same account number. 
  4. It comes with a Visa Debit Card that will assist in making day-to-day cash withdrawals, cash-free payments and purchases both in-store and online. 
  5. Can open multiple accounts per entity and manage them on one profile. 
  6. Your business can get secondary debit cards and personalisation options are available. 
  7. The account gives clients access to a cash flow manager at no additional cost. 
  8. Access to the Absa self-service portal, Absa ATMs, Absa supported ATMs and Absa branch networks. 
  9. It comes with an optional liquidity investment plus account that allows clients to invest or save money
  10. Businesses get access to a cash handling service. 
  11. Can view statements online or opt for them to be sent to your business email address every month. 
  12. It has regressive tier pricing, which saves account holders money for additional transactions made. 

Absa Evolve Pay As You Transact Fees 2023

Fee DescriptionAmount
Monthly Account FeeR90.00
Fee for first 30 transactions R7.50
Fee for 31 to 70 transactionsR7.40
Fee for 71 to 210 transactions R7.20
Transaction fee for 210 or more paymentsR6.30
Immediate payment fee for the first 20 transactionsR49.00
Immediate payment fee for over 20 transactions R48.00
External debit order feeR11.00
Debit card purchases for first 20 transactions R4.35
Card purchases for 21 to 40 transactions R4.00
Card purchases for 41 to 90 transactionsR3.70
Debit card purchases for over 90 transactions R3.00

Competitive Advantages of the Absa Evolve Pay As You Transact Business Account 

  • Comes with free access to the Absa digital platforms. 
  • Can transact 24/7 anywhere using the Absa Banking App. 
  • The account has a cashflow manager who is there to advise with the cash flow needs of the company. 
  • Has an option to choose an Islamic bank account. 
  • The account has a low monthly account fee. 
  • Has a regressive tiered system which allows saving on transaction fees for any additional transaction. 
  • Comes with access to a team of bankers who are there to take care of your business daily banking needs. 
  • Can open liquidity plus account. 
  • The visa debit card comes for free. 

Competitive Disadvantages of the Absa Evolve Pay As You Transact Business Account 

  • No access to the Absa Rewards Program. There are no rewards when the business makes transactions or make purchases. 

Business Account Requirements 

  1. Any registered business entity or sole proprietorship or anybody who wants to be registered as a private company. 
  2. Have an annual turnover of R500,000,000.00 or less.
  3. Copy of ID of directors or business owners 
  4. Proof of residence for directors, or individual owner, or business member. 
  5. Proof of physical address of the business. Sole proprietors can get an Affidavit. 
  6. Business bank statements for the last three months. 
  7. Business members/ owner must submit three months bank account statements on a personal account. 
  8. Company registration documents for registered companies. 
  9. Company resolution where applicable. 


The Absa Evolve Pay As You Transact Business Account offers a better way to transact for small businesses. The account’s value-added services make it even better for small businesses to partially comply.



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