Get access to funding and credit packages


An account targeted at Micro & Small Businesses. The product is dynamic enough to charge based on your monthly activities.


Who is eligible?

◩   Sole Entrepreneurs
◩   Micro Enterprises
◩   Small and Medium scale businesses


Features

◩   Low Account opening & operating balance
◩   Easy access to loans
◩   Concession on transaction charges
◩   Activity-based charge for growing business which factors in changes in the business cycle
◩   Access to SME capacity building programs (T’s & C’s Apply)
◩   Business debit card
◩   Tax advisory and Business tools (T’s & C’s Apply)


Accrue interest on your account balances

Do you desire the benefits of a savings account combined with the flexibility of a current account?

AfriPower Bank SME Accounts offer you these benefits with minimal restrictions. You can conduct third-party transactions whilst accruing interest on your account balances


Target Market

Individuals

Professional firms, social clubs, associations, trade and co-operative societies, and similar organisations


Features & Benefits

Minimum opening and operating balance of $5,000 for individuals and $10,000 for clubs and association
Lodgement of cheques/dividend warrant

Withdrawals below minimum operating balance (Customer however loses the credit interest for the period)
Zero COT charge

Graduated interest rate at 1% above standard savings account rate

Additional interest of 0.8% per annum for non-withdrawal of deposit within three months

Personalised cheque book for over-the-counter withdrawals for self and third parties across the AfriPower Bank branch network (this cheque does not go through clearing)

Access to AfriPower Bank e-banking products and services

Easy access to fund

Access to mobile and internet banking services

ALERT for transactions on your account


CAPITAL STRUCTURING

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SME BANK ACCOUNTS

Do you desire the benefits of a savings account combined with the flexibility of a current account? Our SME Accounts offer you these benefits with minimal restrictions. You can conduct third-party transactions whilst accruing interest...

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