The FNB Gold Business Account is an entry-level cheque account for businesses. The account is for registered startups that include micro-businesses, small businesses, and close corporations.
FNB Gold Business Account offers an easy day-to-day transacting account to make purchases in-store and online easy and fast. With the Gold Business Account, you or your business will be able to purchase goods and services both locally and internationally with ease.
FNB has partnered with the Department of Trade and Industry (DTI) to help individuals register companies with companies and intellectual property commissions (CIPC) through the FNB’s internet banking. This has made it easier for individuals to register businesses at the same time open a bank account with FNB.
FNB Gold Business Account is a business cheque account for businesses with a gross turnover of R0.00 – R5,000,000.00 per annum. The account comes in two options which include a single fee and pay as you use (PAYU) option.
The single fee option comes in two pricing options of R265.00 and R390.00 monthly service fee with the latter offering 20 more electronic debit transactions and 5 more FNB ATM cash withdrawals than the first option.
On the other hand, the Pay As You Use option pricing comes in one option. The account has a monthly service fee of R80.00 and charges a monthly service fee of R150.00 for trust entities.
The FNB Gold Business Account charges a pay and clear fee of R35.00 per transaction which is R27.00 more than the pay and clear charges for the FNB First Business Zero Account. Depending on which pricing option you choose, you get to pay R18.00 out of bundle fee per transaction for electronic debit transactions.
The account comes with free FNB cash deposits of up to R100,000.00 for the R390.00 monthly service fee single fee option and up to R50,000.00 FNB cash deposits per month for the R265.00 monthly service fee single fee option. Thereafter, account holders will have to pay an out of bundle fee of R4.50 + R0.80 per R1,000.00 of cash deposits on an FNB ATM for the single fee options.
|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.