Start process First open a personal profile in less than 5 mins so that we can quickly FICA you. Log back into app to see banking canvas. Tap ‘+’ on grey empty tile, then choose ‘Add business’ and select relevant type.

Provide proof that business exists Depends on business type – CIPC certificate / DSD certificate / trust deed / etc. Sole traders provide nothing. (We’ll guide you on the screen.)

Add all owners plus those mandated to open / maintain this banking profile One single, simple screen. Owners = directors / shareholders / members / trustees / etc (depends on business type) and all ultimate beneficial owners (where applicable). If owner is an individual, provide cell number to uniquely link them to the business. By law, all owners must be FICAed, so ask them to open personal profiles – they don’t have to subsequently bank with us. (Or mark them as ‘foreigner’.) If owner is a business, give registration / trust / etc number. If want to create authorisation chain now, go ahead. Or do it later.

To make it easy, we auto-populate all necessary declarations …and email to you – just add a last info we don’t yet have, then sign: Resolution to appoint mandated officials. Ownership / control structure showing all shareholders and ultimate beneficial owners. Watch out for messages to re-submit documentation.

Top 40 Digital Bank Globally

Powerful Banking

At Zero Cost

A fresh, simple and modern App-only bank for individuals and businesses.

Top 40 Digital Bank Globally

Powerful Banking

At Zero Cost

A fresh, simple and modern App-only bank for individuals and businesses.

Our Customer Stories

Sello: Misplaced your wallet?

Sello, a 46-year old soccer fan, did his usual daily commute to work on 9 Sept. He stepped out of his taxi at his usual drop-off point and began his last 100m walk to work. But… it was not going to be a usual day.

Liné: Commercial banking is easy – finally

Monthly billing can be a nightmare – just ask any business owner or financial manager. Payments add up quickly to several hundred transactions.

Thokozani: No more ‘Send Money’ hassles

Thokozani Zuma, an innovation junkie who loves testing new and exciting tech, grabbed the opportunity to apply for a special invite to join Bank Zero during its Beta testing phase.

Lemon+Lime: Saves thousands after switching to Bank Zero

Despite doing 100-fold more transactions through Bank Zero over eight months than through its other big bank account, Lemon+Lime deli paid only R112 in Bank Zero fees – compared to R8,936 at the big bank.

Willem: Special card patent protection

Willem Roux, who joined Bank Zero in August 2021, has a great story that shows how Bank Zero’s unique patent technology for its cards protects the bank’s customers.

Dee: Tracking down criminals

Dee, a popular real estate agent, was about to take an interested couple through her show house when everything suddenly turned into a horror show.

Our Customer Reviews

4.7 Rating

4.0 Rating

Why Choose Bank Zero

Zero Card Fraud

No skimming, no online fraud

Unique-in-world patent protects you from losing any money to card data theft, card skimming or fraudulent eCommerce transactions.

We ensure ALL online card transactions are approved by you: if not a 3DS transaction, you tell us which merchants to auto - approve on your behalf using "card subscriptions"

Zero Debit Order Surprises

Always receive alerts beforehand

For NEW debit orders, we warn you with a red task on your App. Reject if you don’t recognise it, and it won’t even hit your account.

For EXISTING debit orders, we always warn you just before it runs, so that you manage your cash flow.

Pay Immediately

Lowest cost above R3000

Pay only R6.50 for any amount. (Unfortunately, if the amount is above R3000 to FNB/RMB, Standard or ABSA, we are forced to charge R12.)

Shared Accounts

Clubs, stokvels, households, couples, kids

Directly connect your account with family, friends, kids, staff, co-owners of businesses, club/stokvel members, or basically anyone you choose.

Share information, allow inward (but not outward) flows from all.

Easy Card Control

From ATM to Online transactions

Lock fully if temporarily lost, or lock only some parts like Online use or ATM use. You can even select what ATM use is allowed (once / always / never).

Choose if card is locked for taps below R500. Appoint someone to approve online card transactions on your behalf. Download to see everything you can do.

Easy Downloads

With a swipe and a tap, straight into Excel

Transaction history viewable on App can be downloaded straight into an Excel file for further transaction analysis. Swipe down to required date (as far back as you want), then tap the Excel icon to create the file on your phone.

Relationship Banking

Setup people to load payments for you

Assistants, staff members, family members… anyone helping with your banking admin… They load, you do final authorisation

Under 16?

Own profile, own card & own login

Once legal guardian kick-starts process by providing child’s proof of ID, child can then create own unique profile, with own personal access and with full control over own transactions.

Business & Commercial Banking

Large CIPC-registered companies or small sole traders. NPOs or partnerships. Same zero fees, same awesome features.

Payments control

Multi-level authorisations

Easily build and change your own authorisation chain within a few minutes. No need to call anyone – just drag the authoriser’s face tile to the required level.

Example

Card Machines

Seamlessly order and
link a POS

Zero monthly fees, only a small once-off upfront payment to iKhokha for the machine. Automatically link business account to machine, without needing to re-FICA.

Get started here

Pay Many

Multiple payments, one single screen

Business or individual, pay suppliers and staff from one single App screen. If list too long to comfortably type on phone, just upload csv file from computer. You can also export all existing recipients from App into a csv file.

Seamless Integration

Link to external accounting software.

Connect Xero directly to your Bank Zero account and automatically import your transactional data. No more manual data entries.

Xero Website

How to open your business account

Open your business banking profile in a few easy steps.

Start process

First open a personal profile in less than 5 mins so that we can quickly FICA you.
Log back into app to see banking canvas.
Tap ‘+’ on grey empty tile, then choose ‘Add business’ and select relevant type.

Provide proof that business exists

Depends on business type – CIPC certificate / DSD certificate / trust deed / etc. Sole traders provide nothing. (We’ll guide you on the screen.)

Add all owners plus those mandated to open / maintain this banking profile

One single, simple screen.
Owners = directors / shareholders / members / trustees / etc (depends on business type) and all ultimate beneficial owners (where applicable).
If owner is an individual, provide cell number to uniquely link them to the business.
By law, all owners must be FICAed, so ask them to open personal profiles – they don’t have to subsequently bank with us. (Or mark them as ‘foreigner’.)
If owner is a business, give registration / trust / etc number.
If want to create authorisation chain now, go ahead. Or do it later.

To make it easy, we auto-populate all necessary declarations
…and email to you – just add a last info we don’t yet have, then sign:

Resolution to appoint mandated officials.
Ownership / control structure showing all shareholders and ultimate beneficial owners.
Watch out for messages to re-submit documentation.

Powerful Banking

At Zero Cost

Powerful Banking

At Zero Cost