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DAY-TO-DAY TRANSACTING
Be empowered
Your RMB Private Bank Business Visa Cheque Card can be used internationally and gives qualifying cardholders unlimited access to SLOW Domestic Lounges, SLOW International and SLOW in the City.
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Business Savings Pocket
The Business Savings Pocket links to your Healthcare Business Account, allowing you to ring fence funds away from your main transactional account for provision or saving purposes. This helps you manage your cash flow by allowing you to provide for your PAYE, VAT, staff bonuses and other short-term business obligations.
The Business Savings Pocket allows you immediate access to your funds, by transferring between your Business Savings Pocket and your Healthcare Business Account.
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Accessibility to the required cash flow you need to run your business
Payments into the overdraft facility makes funds available for use again
Flexibility to deal with unexpected expenses and to capitalise on opportunities
Monthly repayments are based on the amount of credit you've used
Enjoy FREE access to Instant Accounting - an easy-to-use online accounting solution which uses your RMB Private Bank Online Banking statements to do your bookkeeping automatically every night
Enjoy FREE access to Instant Accounting Insights - giving you a monthly snapshot of your business's cash flow, income and expenses
The opportunity to apply for the new RMB Private Bank VISA Business Debit Card with chip and PIN technology, the most secure cheque card available today, that helps your business save money
The amount you qualify for and interest rate, will depend on your credit profile
The interest rate will be calculated for you, once your application has been submitted
Interest is charged monthly on your overdraft balance
Credit fees will be provided upon application
Product terms and conditions are included in the Facility Letter you receive with your approved overdraft
Only after signing the required facility and collateral documentation, will the overdraft facility be made available for use
Business Overdraft
WHAT THE BUSINESS OVERDRAFT OFFERS
WHAT YOU CAN DO
COSTS
LEGAL
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Plan your cash flow effectively
THe Business Savings Pocket links to your Healthcare Business Account, allowing you to ring fences funds away from your main transactional account for provision or savings purposes. This helps you manage your cash flow by allowing you to provide for your PAYE, VAT, staff bonuses and other short-term business obligations.
THe Business Savings Pocket allows you immediate access to your funds, by transferring between your Business Savings Pocket and your Healthcare Business Account
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Savings Pocket rates
| Balance | Rate |
|---|---|
| R1 - R999 | 0.45% |
| R1,000 - R9,999 | 0.45% |
| R10,000 - R19,999 | 0.6% |
| R20,000 - R49,999 | 0.8% |
| R50,000 - R99,999 | 0.8% |
| R100,000 - R249,999 | 0.8% |
| R250,000 - R499,999 | 0.8% |
| R500,000 - R999,999 | 1% |
| R1,000,000 - R1,999,999 | 1.1% |
| R2,000,000 - R2,999,999 | 1.2% |
| R3,000,000 - R3,999,999 | 1.3% |
| R4000,000 - R4,999,999 | 1.4% |
| R5,000,000 + | 1.5% |
Savings Pocket rates
