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SMME Banking - SMME Business Current Account |
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Overview
At the heart of Nedbank’s banking service for SMMEs
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 for your growing
SMME, offering you:
- Qualify for a wide range of financial products and
services - such as:
- an overdraft,
- vehicle finance,
- a Building Loan,
- digital banking channels, to name a few.
- Freedom to change your mind – You can apply for a
range of 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 on your
account.
Features and Benefits
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"a safe and convenient cashless mechanism" |
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Reduces the need to carry large amounts of cash
Make payment to suppliers, vendors, and to
purchase goods and services for your business.
It’s a complete payment solution - arrange debit
and stop orders against your current account to take
care of regular monthly payments.
You may also elect to pay your accounts
electronically (through Netbank Internet banking)
Transfer of funds and withdraw of cash
Access to credit facilities on application and
pre-approvals like overdrafts, to help meet your
business financial needs
Keep track of your transactions, through your
monthly statement or at your convenience on Internet
banking
Qualifying Criteria
Professional & Small Businesses
For Soleproprietors (Sole traders)
- Valid Passport of individual (certified identity
with passport size photo)
- Traders Licence or Registration certificate and
tax clearance (certified)
- Resident and Work permit for Temporary
Resident (foreign business people only residing
in Lesotho
- Latest six (6) months statement (from current
banker)
- Proof of trading address (lease, sub-lease, rental
agreement ,local chief’s 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 SMME Business Current Account, contact
our team of SMME 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 SMME
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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