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Business
Cheque/Current Account |
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Overview
At the heart of Nedbank’s banking service for
businesses and corporates is a prestigious current/cheque
account – your complete solution to linking to other
products and services. A cheque account provides a
safe and convenient cashless mechanism for the
payment of goods, suppliers, and other services.
Why a Nedbank current account?
A Nedbank Business Current account makes it so much
easier and convenient to take care of all your
day-to-day business banking needs, offering:
- Qualify for a wide range of financial products and
services - such as:
- overdraft facilities,
- vehicle finance,
- a Building Loan,
- digital banking channels, to name a few.
- Freedom to change your mind – You can access a
range of other products and services.
- Convenient digital channels - bank anywhere,
anytime with of our electronic banking channels. To
do this, you will need to apply for Internet banking
and have your electronic profile activated.
Features & Benefits
- Funds are available on demand
- Funds can be withdrawn as cash, or a cheque can be
issued to effect payment to vendors/service
providers and third-parties
- Deposits usually withdrawn by means of a cheque
making it convenient and safer to gain immediate
access to funds
- Credit may be granted in the form of a bank
overdraft
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"safe and convenient cashless
mechanism" |
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Qualifying Criteria
Professional & Small Businesses
For Sole proprietors (Sole traders)
- Valid Passport of individual (certified identity
with passport size photo)
- Traders Licence or Registration certificate and
tax clearance (certified)
- Latest six (6) months statement (from current
bankers)
- Resident and Work permit for Temporary Residents
(foreign business people Only residing in Lesotho)
- Proof of trading address (lease, sub-lease, rental
agreement, chief declaration or utility bill)
- Proof of residential address (lease, sub-lease,
rental agreement, chief declaration or utility bill)
Local & International Companies & Corporations
For companies - Proprietor Limited & Close
corporations i.e. (Pty) Ltd & cc.
- Memorandum & Articles of Association (certified)
- Certificate of Incorporation(certified)
- Traders license and tax clearance(certified)
- Proof of trading address (lease, sub-lease, rental
agreement, chief declaration or utility bill)
- Board Resolution regarding authority to open
Account with full list of members (signed by
appointed director/members stating signatories &
signing arrangement)
- Valid Passport of Members/ Directors (certified
Identity with passport size photo)
- Proof of residential address of directors /
members (lease, sub-lease, rental agreement, chief
declaration or utility bill)
- Bank details of directors for new Company with no
Financials (6 months statement) – ignore if NOT new
company
- Latest Financial Statement (audited)
- Latest six (6) Months statement (from current
bankers)
Informal Bodies
NGO’s, societies, schools, churches, charities, etc.
- Constitution Document (certified)
- Registration Document (certified)
- Introduction Letter from Chairman or leader of
congregation
- Resolution by the board of Governors of a school
(regarding authority to open Account with full list
of members (signed by appointed members stating
signatories & signing arrangement)
- Resolution by Executive Committee (regarding
authority to open Account with full list of members
& signed by appointed director/members stating
signatories & signing arrangement)
- Valid passport of individuals authorized to
operate and open account.
- Proof of trading address (lease, sub-lease, rental
agreement, chief declaration or utility bill)
- Proof of residential address of signatories
(lease, sub-lease, rental agreement, chief
declaration or utility bill)
To open your Business Current Account, contact our
team of Business Banking Relationship Managers on
22312696, or visit your nearest branch.
Why not transfer your debit orders to your new
Nedbank Business Current account…
Relax; we will help switch your debit orders to
your new Nedbank current account. Speak to your
Relationship Manager, and they will show you how.
Important tips
Please do not close your old bank account until we
have given you confirmation that all your debit
orders are going through your new Nedbank account. |
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