Start with the way your business transacts
A zero or low monthly fee can matter to a startup, but it is not the whole cost. Compare transaction fees, cash handling, payment acceptance, cards, digital banking, support and future lending needs.
| Account | Published monthly fee | Useful context | Source |
|---|---|---|---|
| Nedbank Startup Bundle | R0 monthly maintenance for 2 years | Sole proprietors and single-owned private companies with turnover below R1m/year; official page states PAYU pricing applies after 2 years. | Official provider source ↗ |
| FNB First Business Zero | From R0/month | Official FNB page says it is exclusively for sole proprietors with turnover of R0–R1m/year. | Official provider source ↗ |
| Standard Bank MyMoBiz | R15/month | Official page positions it as an affordable small-business account for annual turnover R0–R5m. | Official provider source ↗ |
| Capitec Business Banking | R50/month | Official 2026 fees page states R50 monthly fee and a R150 minimum balance to keep the account active. | Official provider source ↗ |
| Absa Business Evolve Lite | R50/month | Official comparison page lists R50/month for businesses with annual turnover R0–R1.5m. | Official provider source ↗ |
What about Nedbank?
Nedbank's current Startup Bundle is particularly relevant to new BXE businesses because its official page states R0 monthly maintenance for two years for qualifying businesses, along with defined free transaction allowances. That is stronger than describing it simply as a short introductory zero-fee offer.
Which account is “best”?
There is no single account that is best for every business. A sole proprietor with low transaction volume may make a different choice from a cash-heavy retailer or a company that needs relationship banking and funding.
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