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.
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.
|Fee Description||Single Fee||Pay As You Use|
|Monthly Service Fee||R265.00 / R390.00||R390.00|
|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 fee||Free for the 1st 5 transactions and R2.00 per transaction thereafter||Free 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 thereof||Free for up to R100,000.00 and R4.50 + R0.80 per R1,000.00 or part thereof|
|Pay and Clear now transaction fee||Free for the 1st transaction and R35.00 per transaction thereafter||Free for the 1st transaction and R35.00 per transaction thereafter|
|Transfers at an FNB branch||R15.00||R15.00|
|Consultant assisted Transfers||R80.00||R80.00|
|International currency commission and conversion fee||2.75% of the transaction value||2.75% of the transaction value|
|Other bank’s ATMs prepaid purchases||R15.00||R15.00|
|FNB Connect prepaid purchases||Free||Free|
|External debit order fee||R19.00||R19.00|
|Third-party payments at an FNB branch||R80.00||R80.00|
|Stop payment using digital channels||Free||Free|
|Stop payment at an FNB branch||R80.00||R80.00|
|Debit order dispute using digital channels||R5.00||R5.00|
|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 thereof||R2.00 + R8.00 per R1,000.00 or part thereof|
|Reversal of incorrect eWallet transaction||R55.00||R55.00|
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.