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2023-01-15 10:51 AM

FNB Gold Business Account Review 2023

By Lethabo Ntsoane

The FNB Gold Business Account is a basic checking account for businesses. The account is intended for micro-companies, small businesses, and closely held companies that are registered as startups. The FNB Gold Business Account is a simple day-to-day transaction account that allows for a quick and easy purchases in-store and online.

If you have a Gold Business Account, you will be able to easily purchase goods and services both locally and internationally. The Department of Trade and Industry (DTI) has collaborated with FNB through internet banking to assist individuals in registering businesses through the companies and intellectual property commissions (CIPC). Individuals can now register their businesses while also opening a bank account with FNB.

FNB Gold Business Account Summary

The FNB gold business account is a business cheque account that is available for registered businesses with an annual revenue that ranges between R0.00 to R5,000,000.00. The FNB gold business account has 4 pricing options that include:

  • Pay As You Use (PAYU) option which charges a monthly fee of R83. Trust entities are charged a monthly fee of R156.00 for the account;
  • Gold Business Account option which charges a monthly account fee of R99.00;
  • Single fee pricing option 1 which charges a monthly account fee of R299.00; and
  • Single fee pricing option 2 which charges a monthly account fee of R399.00.

FNB Gold Business accounts include access to FNB’s digital banking platforms. Account holders have access to a 24-hour business desk that can assist with any banking needs. Furthermore, account holders receive free business coaching lessons from Fundaba via the FNB app.

Benefits of the FNB Gold Business Account

  1. Comes with 4 pricing options to choose from which includes a single fee pricing option, Pay As You Use pricing option, single fee pricing option 2, and gold business bundle 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. 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.
  11. 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 2023

Fee DescriptionGold Business BundlePay As You Use
Monthly Service Fee R99.00R83.00/ R156 (if you are a trust entity)
Cash withdrawals at an FNB ATMR2.30 per R100 or part thereofR2.30 per R100 or part thereof
Cash deposits at an FNB ATMR4.65 + R1.20 per R100 or part thereofR4.65 + R1.20 per R100 or part thereof
Internal debit orders (Debit orders
raised by FNB, WesBank, and Direct Axis)
Pay and Clear now transaction feeUp to R3 000 is R10 per transaction
More than R 3 000 is R45 per transaction
Up to R3 000 is R10 per transaction
More than R 3 000 is R45 per transaction
Global payments within
the CMA
Max 1501 FREE, thereafter max R150 per transaction
Prepaid purchasesFNB Connect FREE
All other services
providers R2.70
FNB Connect FREE
All other services
providers R2.70
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
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
Reversal of incorrect eWallet transaction R65.00R65.00
FNB Gold Business Account Fees 2023

Competitive Advantages of the FNB Gold Business Account

  • 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 of the FNB Gold Business Account

  • 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 an annual revenue that ranges between R0.00 to R5,000,000.00.
  3. Have green barcoded ID books or Smart cards for the directors of the company.
  4. Proof of address for the company owners.
  5. Company documents that must include the company registration certificate.
  6. 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 including a signed mandate by other directors and registration certificate.

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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: Email: lethabo@rateweb.co.za Twitter: @NtsoaneLethabo

View Comments

  • good day

    how are you doing today?

    please help my with my account for business GOLD BUSINESS ACCOUNT, Name of the Account MPHO MSIMANGO T/A UBUNTU BESIZWE and Account number is 62916810808. please can yourl make some payment inside my account, i kindly need to fund them please

    thank you

    mpho msimango. contact me +27633306300. cause my email is not working not using it for now