To open an African Bank business account, you will generally need to meet standard business banking requirements in South Africa, which typically include:
- Proof of CIPC (Companies and Intellectual Property Commission) registration for your business. Depending on your business structure, this could be a certificate or multiple documents[1].
- Valid identification documents for all business owners, partners, or authorized signatories (such as ID books or passports)[1].
- Proof of your business’s physical address (such as a utility bill, lease, or municipal letter)[1].
- Company mandate or resolution document if there are multiple directors or signatories[3].
- Additional supporting documents may be required depending on your business structure (e.g., partnership agreement, trust deed)[1].
Both residents and non-residents with registered businesses in South Africa can apply for a business account. Some documents may need to be translated if they are not in an official South African language. African Bank offers a fully online application process for business accounts, allowing you to start, pause, and complete your application digitally[2].
Banks advise contacting them beforehand to ensure you bring all necessary documents, as requirements can vary based on your legal entity type and other factors[1].
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