Business Current Accounts 2016 Fee Structure. Business Banking

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Business Banking

Business Current

Accounts 2016

Fee Structure

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Business Banking Cheque Account

Fee structure

The Business Banking Cheque Account is the gateway to your business’ relationship with Absa. This product allows you to do transactions through a wide range of delivery channels such as our extensive branch network, ATM infrastructure, Cellphone Banking, Telephone Banking as well as Internet Banking. An overdraft facility is available at competitive rates and for added convenience, we issue a chequebook on this account. Note that we don’t pay any interest on Cheque Account credit balances, unless explicitly stated.

All transactional charges will be billed on a pay-as-you-transact basis. Please note that the bundled pricing option is excluded.

Transaction Fee amount

Monthly account fees

Classic Business Account R59,50 Growing Business Account R120,00 Premier Business Account R150,00 Business Essentials Account R59,50 Business Essentials Package R170,00 Other Business Account* R59,50 Service fees

Cheque service fee R55,00

Cheque encashment

Cheque encashment fee Branch cash withdrawal fee plus service fee

Deposits

Cheque deposit R25,00

Cash deposit Base fee (Branch R7,00;

Cash Centre R6,00; Cash Protector R0,00) plus R0,01 to R5 000,00 2% of deposit

R5 000,01 to R30 000,00 1.25% of deposit

> R30 000,01 0.90% of deposit

Absa ATM R3,00 + R1,50 per R100,00

(or part thereof) Cash withdrawals

Branch counter R50,00 + R1,50/R100,00

Absa ATM R3,95 + R1,30/R100,00

Barclays ATM (using Absa debit card)

R3,95 + R1,30/R100,00 POS (Local) R3,95 Absa-supported ATM R6,95 + R1,30/R100,00(1) Saswitch ATM R9,95 + R1,30/R100,00(1) Overseas ATM R50,00 Purchases

Prepaid top-up (Absa ATM/POS) R1,15

POS (Local) R3,95

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Notes:(1) A convenience fee of R3,00 or R6,00 is included when you withdraw from either an Absa-supported or Saswitch ATM.(2)An honouring fee will be charged for each transaction paid against uncleared cheque deposited or when we allow payments in excess of the available funds on the account.(3) No charge for the first statement or copy of statement/agreement for accounts falling inside NCA.

(4) Applicable to accounts that fall into the National Credit Act. Accounts outside the National Credit Act will be charged a minimum of 1% of the excess.

POS (Overseas) R9,85 + R0,85/R100,00 (max. R45,00) Account payments and funds transfers

Account payments Absa ATM R8,00 Branch counter R50,00 Balance enquiries Branch counter R5,00 Absa ATM R1,50 Absa-supported ATM R4,00 Saswitch ATM R5,00 POS R1,00

Full statement fees Over the counter (branch) full statement

R20,00(3) Mini statement at an Absa ATM R5,00

eStatement R0,00

Absa CAT terminal full statement R10,00 Copies of statements (per statement) Less than 4 months old R20,00

4 months or older R50,00

Administrative fees

Bank cheque/Marked cheque R120,00 Stop payment instruction R75,00 Stop order establishment/Amendment No charge

Special clearance R120,00

Debit card replacement fee R100,00 Cheque card replacement fee/

New card fee

R100,00 Other fees

Notification fee (SMS or email) R0,55 Overdraft ledger fee (pm)

Overdraft provision

on your account R45,00

Unauthorised overdraft R68,40(4)

Dishonoured/Returned payment R120,00 (increasing to R140 from the fourth occurrence within 12 months)

Honouring fee R120,00(2)

Declined fee (insufficient funds)

Absa ATM R5,00

Absa-supported ATM R5,00

Saswitch ATM R5,00

POS R5,00

Returned cheque deposit R120,00 Debit and stop orders

Internal R4,50

External R12,00 + R1,50/R100,00

(max. R20,00)

Monthly administration fee R22,00 Deposits

Cheque deposit: Absa ATM No charge Cheque deposit: Branch counter R25,00

Cash deposit: Branch counter Base fee R7,00 + R1,55/R100,00 (or part thereof)

Cash deposit: Absa ATM R3,00 + R1,50/R100,00 (or part thereof) Cash withdrawals

Branch counter R50,00 + R1,50/R100,00

BizStart

The following fees are applicable to these service channels:

Fee structure

Funds transfers

Absa ATM R3,95

Branch counter R50,00

Immediate interbank payments

CashSend (Absa ATM) R7,90 + R1,30/R100,00

Transaction type Threshold (per customer account per month)

Monthly fee

Absa electronic account payments and funds transfers (excluding Immediate Interbank, CashSend, branch as well as other transactions)

*30 transactions per month

R170,00

Monthly Internet Banking for Business Subscription

*You will be charged R15,00 per transaction in excess of the limit

Bundled pricing for the Business Essentials Package

* Includes Islamic Business Cheque Acccount

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Transaction Fee amount Absa ATM R3,95 + R1,30/ R100,00 POS R3,95 Absa-supported ATM R6,95 + R1,30/R100,00(1) Saswitch ATM R9,95 + R1,30/R100,00(1) Overseas ATM R50,00 Purchases

Prepaid top-up (Absa ATM/POS) R1,15

POS – Local R3,95

POS – Overseas R9,85 + R0,85/R100,00

(max. R45,00) Account payments and funds transfers

Account payments

Absa ATM R8,00

Debit and stop orders

Internal R3,95

External R8,50

Funds transfers

Absa ATM R8,00

Immediate interbank payments

CashSend (Absa ATM) R7,90 + R1,30/R100,00 Balance enquiries Branch counter R5,00 Absa ATM R1,50 Absa-supported ATM R4,00 Saswitch ATM R5,00 POS R1,00 Statement fees

Over the counter (branch)

full statement R20,00

Mini statement at an Absa ATM R5,00

eStatement R0,00

Absa CAT terminal full statement R10,00 Copies of statements (per statement) Less than 4 months old R20,00

4 Months or older R50,00

Administrative fees

Bank cheque/Marked cheque R120,00 Stop payment instruction R75,00 Stop order establishment/

Amendment

No charge

Special clearance R120,00

Debit card replacement fee R100,00 Cheque card replacement fee/

New card fee

N/A

Notes:(1) A convenience fee of R3,00 or R6,00 is included when you withdraw from either an Absa-supported or Saswitch ATM.(2)Increasing to R125,00 per transaction from the fourth occurrence within 12 months.

Absa Online for Business,

Telephone and Cellphone Banking

Fee structure

Transaction Internet

Fee amount Cellphone Fee amount Telephone Fee amount

Enterprise Business R99,00 No charge No charge Commercial Business R149,00 No charge No charge Corporate Business R149,00 No charge No charge Account payments and funds transfers

Prepaid top-up

purchases R1,15 R1,15 R1,15

Bill and beneficiary

payments R8,00 R8,00 R8,00 IVRR15,00 Adviser-assisted Immediate interbank payments R15,00 + R1,50/ R100,00 (max. R120,00) R15,00 + R1,50/ R100,00 (max. R120,00) R15,00 + R1,50/ R100,00 (max. R120,00) IVR R22,00 + R1,50/R100,00 (max. R120,00) Adviser-assisted

Other fees

Notification fee (SMS or email) R0,55 Overdraft ledger fee (pm)

Overdraft provision on your account; or R45,00 Unauthorised overdraft R68,40 Dishonoured/Returned payment or RD cheque R100,00 (2)

Declined fee (insufficient funds)

Absa ATM R5,00

Absa-supported ATM R5,00

Saswitch ATM R5,00

POS R5,00

Returned cheque deposit R100,00

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Transaction Internet

Fee amount Cellphone Fee amount Telephone Fee amount

CashSend transactions R7,90 + R1,30/ R100,00 R7.90 + R1.30/ R100,00 N/A

Funds transfers R4,50 R4,50 R4,50 IVR

R10,85 Adviser-assisted Balance enquiries No charge No charge No charge IVR

R3,35 Adviser-assisted Transaction history No charge No charge N/A

SMS R0,80 R0,80 R1,05 IVR R16,00 Adviser-assisted Email R0,80 R0,80 R2,00 IVR R2,00 Adviser-assisted Fax R5,00 R5,00 R6,50 IVR R6,50 Adviser-assisted Statement /Proof of payment(1) R6,60 N/A N/A

Notice of payments, reminders and notifications

SMS R0,80 R0,80 R0,80

Email R0,80 R0,80 R0,80

Fax R5,00 R5,00 R5,00

Internet Banking NotifyMe

SMS No charge No charge N/A

Email No charge No charge N/A

Stop payments R75,00 R75,00 R75,00

Stop order establishment/ Amendment fee

No charge No charge No charge

Notes:(1) All statements or proof of payment (POP) older than three months retrieved on your behalf will cost R50,00 per statement/POP.

Commercial card payment

solutions

Fee structure 2016

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Service fee charges

Business Silver Card (per month) R24,00 Business Gold Card (annually) R290,00 Corporate Card (annually)(2) _R310,00

Purchase Card R285,00

Travel Lodge Card R505,00

Aviation Card R245,00

Virtual Pay R650,00

Other charges

Initiation fee R213,00

Garage cards (monthly)

- Business Silver R18,00

Garage cards (annually)

- All other products R215,00

Replacement card fee R125,00 Face-to-face delivery fee

- business cards

R127,00 Lost card administration fee R125,00 Garage card transaction fee R5,00

Duplicate statement fee R10,00 per request + R1,00 per page Currency conversion fee

(all products except Visa Business Silver and Visa Aviation Gold)

2.5%

Currency conversion fee for Visa Business Silver and Visa Aviation Gold

2.75%

Transaction fee charges (per transaction) MIS fee charges

Visa IntelliLink Level 1 (Basic) R1,50 Visa IntelliLink Level 3 (Premium)

or Addendum Data R2,50

P-Card purchases R2,50

SMS/Email notifications (NotifyMe)business cards

R0,55

Notes:(1) All statements or proof of payment (POP) older than three months retrieved on your behalf will cost R50,00 per statement/POP.

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Cash withdrawals Cash withdrawal:

Branch counter (any local bank) R50,00 + R1,50/R100,00 (max. 999,00) Cash withdrawal: Absa ATM R3,95 + R1,30/R100,00 Cash withdrawal: Absa-supported ATM R6,95 + R1,30/R100,00 Cash withdrawal: Saswitch ATM R9,95 + R1,30/R100,00 Bank cheque R120,00

Cash withdrawal: Overseas

ATM/Counter R50,00

Cash deposits

Cash deposit: Branch counter R7,00 + R2,00/R100,00 Cash deposit: Absa ATM R3,00 + R1,50/R100,00 Cheque deposit: Branch counter R25,00

Unpaid debit order fee R120,00

Unpaid cheque fee R120,00

Transfers & payments

Funds transfers: Absa ATM R3,95 Funds transfers: Branch counter R50,00 Balance enquiries

Balance enquiry: Absa ATM

& Self-service kiosk R1,50 Balance enquiry:

Absa-supported ATM

R4,00 Own bank mini statement R5,00 Balance Enquiry: Saswitch ATM R5,00