Starting a new business in South Africa? Once your company is registered, the next step is to open a business bank account—but which one should you choose?
At Sharna Enterprise, we help startups not only register their businesses but also make smart financial decisions. In this post, we review the most affordable business bank accounts in SA and help you choose the best one for your startup.
Top 3 Cheapest Business Bank Accounts in South Africa (2025)
1. FNB First Business Zero Account
Monthly Fee: R0
Who it’s for: Sole proprietors, freelancers, and small startups
Includes:
- Free business card
- Instant online banking
- Free POS machine options
- Access to eBucks for Business
💬 Why we love it:
It’s truly zero-rated and easy to apply for online—even with minimal documentation.
2. TymeBank Business Account (Coming in 2025)
Monthly Fee: R0 (projected)
Who it’s for: Entrepreneurs who prefer digital-only banking
Includes:
- Easy registration via the TymeBank app
- No branch visits needed
- Great for online businesses and freelancers
💬 Note:
This account is expected to launch officially in 2025. Keep an eye on updates from TymeBank.
3. Capitec Business Account (Mercantile)
Monthly Fee: R50 – R70
Who it’s for: Registered businesses that want a physical branch option
Includes:
- Secure card & app
- Branch and online support
- Works well for small-to-medium-sized businesses
💬 Why we love it:
You get solid customer service and both online + branch access for a low fee.
Comparison Table
| Bank | Monthly Fee | Type | Great For | Online Signup |
|---|---|---|---|---|
| FNB First Business Zero | R0 | Digital/Physical | Startups, Sole Props | ✅ |
| TymeBank (Coming Soon) | R0 (projected) | Digital Only | Online Startups | ✅ |
| Capitec Business | R50–R70 | Digital + Branch | Growing SMEs | ✅ |
Sharna Tip: Open an Account That Matches Your Business Stage
Just registered? Start with FNB or Capitec.
Digital-first? Wait for TymeBank’s business release.
Need help registering a company? Let us do it for you → Register now
What You’ll Need to Open a Business Account:
- Company registration certificate (from CIPC)
- Director’s ID and proof of address
- Tax number
Need Help Opening a Business Account?
We’ll guide you through the entire process.
📞 Call or WhatsApp: 076 130 9165
📧 Email: info@sharna.co.za
🌐 Visit Sharna Enterprise
