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
