Turnaround
1-2 days
Requirements
• Company Documents: Your new company registration certificate.
• Director FICA: ID and proof of residence for all directors.
Process
1. Introduction: As part of a registration package, we facilitate an introduction to a partner bank.2. Bank Contact: A representative from the bank contacts you directly.3. FICA & Account Opening: The bank completes their FICA and account opening process with you.4. Account Live: Your business bank account is activated.
FAQ
How do I open a business bank account for my new company?
Once your company is registered with the CIPC, you need to open a separate bank account in the company’s name. This service, included free in our registration packages, facilitates an introduction to a partner bank who will then contact you directly to streamline the FICA and account opening process.
Can I use my personal bank account for my business?
No, it is a legal requirement and a critical business practice to keep your business finances separate from your personal finances. A dedicated business bank account is essential for proper accounting, tax compliance with SARS, and maintaining your limited liability protection.
We facilitate a quick and easy introduction to major banks to open your business bank account. Includes:
✅ Facilitated introduction to a major South African bank.
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