Before we get started with the application process, we would like to ensure that this is the best account for you.
As a digitally savvy sole proprietor, do you:
Then you are eligible for the FNB First Business Zero Account
Not a sole proprietor?
Get paid with QR Speedpoint® available on the FNB App. Simply generate a QR code to accept payments on the go, PLUS there are no sign-up or monthly fees.
View QR Speedpoint® pageGet rewarded with an FNB Connect SIM
FNB First Business Zero Connect rewards
Get rewarded with WhatsApp messaging*, 400MB data and 35 voice minutes every month on your FNB Connect SIM.
Qualifying criteria
Note:
Spend is defined as all purchases and/or fees charged to the FNB Connect SIM card account, namely, SIM card subscription fees, recharge fees and purchases, SIM and Connection fees, Call Line Identify (CLI) fees and itemised billing fees. All Top Up Go promo SIM cards that are in use and that were sold with a device will be included in the spend calculation. Top Up plans bundled with devices, device purchases, and all penalty fees are excluded from this spend calculation.
Deposit includes the payment of your salary, other payments or drawings and specifically excludes (but are not limited to) any inter-account transfers. Transfers from mandated accounts will be classified as inter-account transfers (except for spousal accounts).
Only available to one FNB Connect SIM per commercial entity.
*Messages includes all voice notes, messages, sending of video files, pictures/image files, documents files limited to 2GB.
Our FNB Business Call Account is designed to meet the needs of business owners, by helping you manage your cash flow and derive higher benefit from your cash while still enjoying instant access. By using the FNB Business Call Account you can ring-fence your surplus cash from your day-to-day spending ensuring that your cash is working for you (by earning interest) until you need it. Use the account to build up cash reserves, which are essential to your business.
Account features
Interest
Published at 2023-05-26
Balance | Rate | Effective Rate |
---|---|---|
R1 - R19 999 | 6.50% | 6.70% |
R20 000 - R99 999 | 6.75% | 6.96% |
R100 000+ | 7.00% | 7.23% |
Nominal rate per annum (NACM): This is the annualised interest rate that you will earn daily and is capitalised monthly. This rate does not take into account the compounding interest effect.
Annual Effective Interest rate: Annualised interest rate that takes into account the compounding interest effect for one year assuming interest is not withdrawn.
Money in
Money out
Fees
Discipline
Access
A sole proprietor is a type of business that is owned and run by one person. There is no legal distinction between the owner
and the business entity. With First Business Zero you pay a zero monthly account fee and get free unlimited card swipes.
You are only allowed to have one FBZ account (with exception of a trust account).
First Business Zero is a digital solution designed just for you.
As a sole proprietor who owns and runs your business by yourself, we understand the challenges and time constraints that come from working 'on' your business whilst working 'in' your business. Your are constantly on the move, wishing you had more hours in the day to get through everything.
Opening a First Business Zero Account is simple. Open the FNB App, select 'First Business Zero Account', upload your documents and start transacting.
Pay no monthly account fee and enjoy unlimited free card swipes.
Get rewarded with WhatsApp messaging, up to 400MB data and 35 voice minutes per month.
Access a free business coach any time, anywhere with Fundaba on the FNB App.
The FNB Virtual Card on the FNB App is a faster, safer and more secure way to pay for online and in-store purchases wherever you are in the world. You can also create an unlimited number of cards at no additional cost to use as you need them.
Your CVV number changes every hour. Create, cancel, delete or block your card at any time.
Virtual cards can also be used for FNB Pay (Tap to Pay, Scan to Pay) and all partner wallet transactions, including Apple Pay, Samsung Pay, Fitbit Pay and Garmin Pay, without the need for a physical card.
Choose more value for your business and earn eBucks while you spend online.
First Business Zero is designed exclusively for sole proprietors.
Sole proprietorship is a type of business that is owned and run by one person. There is no legal distinction between the owner and the business entity. A sole proprietor is a business not registered with CIPC (Companies and Intellectual Property Commission). The sole proprietor business owner accepts all risks associated with the business and makes all the business decisions by themselves.
Other business types have access to our Gold Business Account as an alternative.