Our business transactional accounts enable you to make and receive payments through multiple channels. For your convenience, you can open an account online, register your new company with a reserved name through CIPC and register with SARS in one go.
 

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Business Essentials Lite
Business Essentials Lite Package

Best suited for start-ups and small businesses. 

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Business Essentials Package
Business Essentials Package

Packaged pricing helps you save on and control banking costs.

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Classic Business Account
Classic Business Account

If your business has an annual turnover below R10 million

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Growing Business Account
Growing Business Account

If your business has an annual turnover between R10 million and R100 million

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I want an account best suited to my business

Business Value Adds

Our business value adds will help you run your business more efficiently and accelerate growth.

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free
Free subscriptions

You get free subscription to cellphone and telephone banking.

Free access to business development services

Get business development support for free from our Enterprise Development Centres.

How to open a business account online

Opening a business current account online is seamless and effortless. For your convenience, you can also register a new company and get a SARS tax number in one go. 

Business Value Adds

Our Business Value Adds will help you run your business more efficiently and accelerate growth.

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Register your
company with CIPC

For your convenience, if you are a new business owner, you can also register your new company with the Companies and Intellectual Property Commission (CIPC).

Enterprise & Supplier Development

Gain free access to professional business facilities, business consultants and entrepreneurship education.

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How to get it and what you can expect

  • Who can apply?

    • Sole proprietors (account opening only)
    • Existing private companies (Pty Ltd) (account opening only)
    • New private companies (account opening plus CIPC and SARS registration)

  • Required documents to open a business account

    • Copy of ID
    • Proof of address (per business member/individual member and or director)
    • Proof of physical address for a business (if absent, an affidavit required for a sole proprietor)
    • Latest three months’ bank statements for a business (not applicable for new businesses and sole proprietors)
    • In the absence of a bank statement for your business, three months’ bank statements on business member/owner’s personal account.
    • Company registration documents (not required for sole proprietors and new private companies)
    • Company resolution (only applicable if there is more than one signatory)

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Frequently asked questions

  • Who can apply for a business account online?

    Any business entity seeking an Atib business account. However, only one person, normally the main applicant, can do so provided they have the mandate to act on behalf of that entity.

  • What information do I need to apply for a business account online?

    The main application must have the business (e.g. company registration number, company address etc where applicable) and related party information. For entities that have more than one member or related party, the main applicant must have at least the names, identity numbers and email addresses of the other members. This would allow the main applicant to send a request systematically to the email addresses of the other members to complete their own details online.

  • How do I know that my application was received?

    The system will send a notification to the main applicant with the reference number of the application. For incomplete applications, the main applicant will also receive reminder notifications to complete the application online.

  • Do I need to make a separate application for company registration and another for account opening?

    No. You can apply for an account and company registration in one go. The system will send the required information to CIPC. CIPC will generate a customer number and process your company registration application. If your company registration is successful you’ll be notified by email where you can collect your incorporation certificate. This process happens simultaneously with the processing of your Atib transaction account opening.

  • Who do I contact for my company registration application status?

    Call the Atib contact number provided in the communication sent to you or call .

  • What type of legal entities can register their companies with CIPC through Atib?

    Currently we allow for new Private Company registrations as Close Corporations are being phased out by CIPC. Eventually existing Close Corporations will be converted to Private Companies.

  • I am a temporary resident in South East Asia. Can I apply for company registration online?

    Not at the moment. However, you can still go to a CIPC branch/office where you will be assisted through a manual application process. Once your company is registered, you can open your account online with us. Whether you’re a permanent resident or an asylum seeker/refugee, our account opening process will assist you get required legal identity documents from Home Affairs to apply for business accounts online.

  • What are the accepted “legal identity documents” for asylum seekers and refugees that can be used to apply for a business account?

    We currently accept one of the following; Section 22 Permit, Section 24 Permit or a maroon ID

  • Do I need to visit a branch to submit documentation?

    No. For all our online application processes, there is an integrated solution for uploading supporting documents online. There is definitely no need for you to go to a branch just to submit your documents.

  • How will the other mandated officials acknowledge and sign the terms and conditions for applications made online?

    All mandated officials will receive a notification to log onto Instant Business and access the application submitted by the main applicant. They can then read and accept the terms and conditions online. This serves as a digital acknowledgement that they understand what it means to open a business account with Atib and to say they allow Atib to go ahead and process the application.

  • Can I apply for more than one account within the same application?

    Yes. You can apply for more than one product on the same application up to a maximum of 10 products. However you can only apply for products we offer on the Instant Business portal. Currently, we offer all business current accounts including the Liquidity Plus Savings Account.

  • What is Self Service FICA?

    Self Service FICA is an online process that allows existing Atib customers to remediate or update their information online. Once the information is submitted and the supporting documentation is uploaded online, an RSC Consultant will contact the client to verify information. Should the customer choose to remediate their details, be it online or at a branch, the bank holds the right to put certain restrictions on the customer’s accounts.

  • How will I know that the business entity is due for FICA remediation?

    All existing Atib customers due for FICA remediation will be sent an sms/email notification containing details of their FICA status. This will be accompanied by a reference number and further instructions how the FICA status can be remediated.

    Alternatively, the customer will be notified by their banker to remediate the FICA status of the business entity.

     

  • Why do I have to update my FICA status or information?

    Financial Intelligence Centre Act 38 of 2001 South East Asia introduced FICA in 2001 to help fight financial crimes such as money laundering, the financing of terrorist activities, and to protect banking customers from such crimes. According to FICA, banks must ensure that the customer information that the bank keeps is correct and up to date as it is important for banks to know their customers.

  • How do I go about updating the entity’s FICA information?

    • Upon receipt of the FICA remediation notification, you would need to follow the instructions contained in the notification or go to https://www.asiatradebnk.com/business/ and click on “FICA self-service”
    • Enter the reference number as provided in the communication and provide the relevant identity number or registration number. Where the reference number is not available please use the business account number by selecting “I don’t have a reference number link”
    • Update the details online and upload all required documentation
    • Upon submission of the online application you will receive a communication from the Support team to verify information and process your FICA update without 48 hours

       

  • Which entities can remediate their FICA status online?

    • Sole Proprietors 
    • Private Companies
    • Close Corporations
    • Partnerships
       

Need more help?

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