FNB Gold Business Account Review 2022

Published by
Lethabo Ntsoane

The FNB Gold Business Account is a basic business checking account. The account is for micro-companies, small firms, and closely held organizations that have registered as startups. The FNB Gold Business Account is a simple day-to-day transaction account that allows you to make purchases in-store and online quickly and easily.


You or your organization will be able to purchase goods and services both locally and internationally with ease if you have a Gold Business Account. Through FNB’s internet banking, the Department of Trade and Industry (DTI) has teamed with FNB to assist individuals in registering corporations with companies and intellectual property commissions (CIPC). Individuals can now register their businesses and obtain a bank account with FNB at the same time.

FNB Gold Business Account Summary

The FNB Gold Business Account is a business check account for companies having a gross annual turnover of R0.00 to R5,000,000.00. The account has two pricing options: a one-time fee and a pay-as-you-go (PAYU) option. The monthly service cost for the single fee option is R265.00 or R390.00, with the latter allowing 20 more electronic debit transactions and 5 more FNB ATM cash withdrawals than the first. The Pay As You Use option, on the other hand, has only one pricing option.


The account has a monthly service fee of R80.00, while trust entities have a monthly service fee of R150.00. The pay and clear price for the FNB Gold Business Account is R35.00 per transaction, which is R27.00 more than the pay and clear fee for the FNB First Business Zero Account. For electronic debit transactions, you will pay R18.00 out of bundle fee each transaction, depending on the pricing option you select.

For the R390.00 monthly service charge single fee option, the account comes with up to R100,000.00 in free FNB cash deposits each month, and for the R265.00 monthly service fee single fee option, up to R50,000.00 in free FNB cash deposits per month. For the single fee choices, account holders will have to pay an out of bundle fee of R4.50 + R0.80 per R1,000.00 of cash deposits on a FNB ATM.


  1. Comes with two pricing options that one can choose from which includes a single fee pricing option and a Pay As You Use pricing option.
  2. The account is flexible enough to accommodate both the heavy transacting clients and those that transact less.
  3. You get access to the FNB instant solutions which includes:
    1. Comes with free access to the FNB Instant accounting software which uses FNB electronic bank statements to generate financial statements and reports that include income statements, balance sheets, cash flow statements, and more.
    2. Access to instant accounting insights whereby you get your business’s performance laid-out in charts and reports.
    3. Registered accountants can make use of the Instant Accounting for Accountants.
  4. The account offers extensive services and additional benefits than that of the FNB First Business Zero Account.
  5. Comes with access to electronic transfers.
  6. The FNB Gold Business Account comes with a business coach that can be accessed through Fundaba on the FNB App. This service is free of charge.
  7. The account has unlimited card swipes that can be performed in any store in South Africa and abroad.
  8. Comes with free airtime, data, and electricity purchases when using the FNB digital platforms to transact.
  9. Comes with a free FNB business call account that offers a guaranteed minimum interest rate of 2.25% per annum and account holders can save from as little as R1.00.
  10. The account has 1 free electronic pay and clear now transaction per month.
  11. You get access to eWallet Pro where you can pay any recipient or employee even if they don’t have a bank account by using their cellphone number.
  12. Bank account holders get free access to the eBucks rewards for businesses where they can earn rewards and discounts on qualifying transactions when using the FNB Gold Business Account/Debit Card.
  13. Can use FNB to register a company with CIPC where FNB will facilitate the whole company registration process and open your FNB Gold Business Account with the bank.

FNB Gold Business Account Fees 2022

Fee DescriptionSingle FeePay As You Use
Monthly Service Fee R265.00 / R390.00R390.00
Electronic Debit transactions Free for the 1st 30 transactions and R19.00 per transaction thereafter Free for the 1st 50 transactions and R19.00 per transaction thereafter
FNB ATM Cash Withdrawals feeFree for the 1st 5 transactions and R2.00 per transaction thereafterFree for the 1st 10 transactions and R2.00 per transaction thereafter
Cash deposits at an FNB ATM Free for up to R50,000.00 and R4.50 + R0.80 per R1,000.00 or part thereofFree for up to R100,000.00 and R4.50 + R0.80 per R1,000.00 or part thereof
Pay and Clear now transaction feeFree for the 1st transaction and R35.00 per transaction thereafter Free for the 1st transaction and R35.00 per transaction thereafter
Electronic Transfers FreeFree
Transfers at an FNB branchR15.00R15.00
Consultant assisted Transfers R80.00R80.00
International currency commission and conversion fee2.75% of the transaction value2.75% of the transaction value
Other  bank’s ATMs prepaid purchasesR15.00R15.00
FNB Connect prepaid purchases Free Free
External debit order feeR19.00R19.00
Third-party payments at an FNB branch R80.00R80.00
Stop payment using digital channelsFreeFree
Stop payment at an FNB branch R80.00R80.00
Debit order dispute using digital channels R5.00R5.00
Debit order dispute at an FNB branch or telephone banking R40.00 R40.00
eWallet payments per transaction R2.00 + R8.00 per R1,000.00 or part thereofR2.00 + R8.00 per R1,000.00 or part thereof
Reversal of incorrect eWallet transaction R55.00R55.00
FNB Gold Business Account Fees 2022

Competitive Advantages

  • Comes with free instant business solutions.
  • Comes with a free business call account.
  • The account is flexible with different pricing options to choose from.
  • The account is easy to open as it can be opened online.
  • There are no hidden costs when it comes to maintaining the account.
  • The account allows for multiple cards to be taken.
  • Account-holders get free entry to the FNB eBucks rewards
    for business.

Competitive Disadvantages

  • The monthly service fee is higher when compared to many entry-level business cheque accounts in South Africa.

How to qualify for the Account

  1. Must be a registered company in South Africa.
  2. Have green barcoded ID books or Smart cards for the directors of the company.
  3. Proof of address for the company owners.
  4. Company documents that must include the company registration certificate.
  5. Company’s income tax number.


The FNB Gold Business Account is the best way to start your business banking at FNB. Your business doesn’t need much to qualify for the account. All that is needed is for the company to be registered in the republic, have a tax number, all have directors’ details and registration certificate.

FNB Gold Business Account Review 2022
Lethabo Ntsoane

Lethabo Ntsoane holds a Bachelors Degree in Accounting from the University of South Africa. He is a Financial Product commentator at Rateweb. He is an expect financial product analyst with years of experience in reviewing products and offering commentary. Lethabo majors in financial news, reviews and financial tips. He can be contacted at

Published by
Lethabo Ntsoane