AfriPower Bank Business account is specially developed to cater to the banking needs of all SMEs providing the opportunity to find the right business solutions and platform to nurture their businesses for growth.


The account provides a wide range of exceptional value offerings and flexibility for all businesses with Corporate Affairs Commission (CAC) registration. These include Enterprises, Business Ventures, Limited Liability Companies, Sole proprietorship, (with Corporate Affairs Commission (CAC) registration etc.), Churches, Clubs/Associations, Cooperative Societies, Charities, and other Not-For-Profit Organisations.



Product Features and Benefits


◩   Account opening balance of $5,000
◩   Zero minimum operating Balance
◩   Availability of Cheque book
◩   Master debit card is available for Sole signatories
◩   Free AfriPower Bank business Sales record book
◩   Free/Discounted Invitation to sector- specific business seminars
◩   Access to personal loans for employees*
◩   Access to loans at single digit interest rates*
◩   Easy access to working capital finance of up to $1 Million with flexible collateral option
◩   Dedicated Relationship Manager
◩   Account maintenance fee of $1 per mille applies on all debit transaction
◩   Access to Internet banking, transaction alert, and e-statement
◩   Free enlistment for female Entrepreneur on AfriPower Bank Pearl




Account Opening Documentation


◩   Duly completed account opening application form
◩   Two (2) recent identical passport photographs of each signatory
◩   Two (2) suitable reference forms
◩   Certified True Copy of certificate of registration of Business Name
◩   Copy of application forms for Registration of Business Name
◩   Legal Search report
◩   Valid Primary means of identification
◩   Current utility bill (not more than 3 months)
◩   Residence permit issued by the immigration Authorities (Expatriates).
◩   Premises visitation report

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