Business current account

Our business current account is simple to manage and allows you to transact in the way that is most convenient for you, from traditional branch banking to using our advanced electronic services, including Internet banking and new Business Online.

What does it offer me?

The account is linked to a Business AutoBank card. Your Business AutoBank card is linked to your business account and gives you full control and management of your business accounts. This enables you to:

  • Access all our banking channels
  • Do your banking on the Internet, by telephone, cellphone and at our AutoBank centres
  • Pay for business purchases at merchants displaying the Maestro sign.

The security features built into your Business AutoBank card let you issue cards to as many employees as you choose. You are able to manage the monthly limits on the issued cards.

 

What do I need to apply?

Sole proprietor

  • Identification documents of owner, signatories and persons who act on behalf of the sole proprietor**
  • Proof of residential address of sole proprietor
  • Business’ last three months’ bank statements (if existing).

Partnership

  • Partnership agreement (or letter confirming that one does not exist)
  • Identification documents of partners, signatories, person who exercises executive control and persons who act on behalf of a partnership**
  • Business’ last three months’ bank statements (if existing).

Unlisted company

  • Certificate of incorporation
  • Memorandum of Association
  • Articles of Association
  • Certificate of change of name of company
  • Identification documents of directors, signatories, principal executive officer, shareholders with 25% or more voting rights and persons acting on behalf of company**
  • Proof of physical or trading address of business
  • The business’ last three months’ bank statements (if existing).

External company

  • Certificate of registration of memorandum of external company
  • Proof of listing (if listed on a foreign stock exchange)
  • Official incorporation documents from relevant foreign country
  • Notice of person authorised to accept service on behalf of external company
  • Proof of trade name and physical business/head office address (in foreign country and in Lesotho)
  • Contents of register of directors, auditors and officers
  • Identification documents of directors, signatories, manager of affairs in the country, shareholders with 25% or more voting rights and persons acting on behalf of the company*
  • Business’ last three months’ bank statements (if existing).

Co-operative

  • Statute
  • Certificate of registration of co-operative
  • Identification documents of all directors, the secretary and persons who act on behalf of the co-operative.**

Body corporate

  • Copy of body corporate’s rules
  • Identification documents of signatories and persons who act on behalf of the body corporate**
  • Proof of physical address
  • Business’ last three months’ bank statements (if existing).

Informal body

  • Constitution or other founding document (or letter confirming that one exists)
  • Identification documents of signatories and persons who act on behalf of the informal body**
  • Proof of physical address (can use constitution or founding document)
  • Business’ last three months bank statements (if existing).

Trusts

  • Trust Deed (or other founding document)
  • Letter of authority.
  • Identification documents of founder of trust, trustees, beneficiaries, signatories and persons who act on behalf of a trust**
  • Proof of address of the Master's Office where the trust is registered (use Letter of Authority).

Attorney’s trust account

  • List of documents as shown above, according your specific legal entity type.

Deceased estates

  • Master’s letter of executorship
  • Death certificate
  • Power of attorney (if applicable)
  • Identification documents of executor, signatories and persons who act on behalf of the executor**
  • Identity document of deceased.

Insolvent estates/in liquidation

  • Certificate of appointment
  • Identification documents of executor, signatories and persons who act on behalf of the executor.**

Notes

* If your company does not have a Certificate of Incorporation, we need all your registration documents.

** For persons acting on behalf of any business entity, we need written confirmation that the person has authority to act on behalf of the entity. This is usually any one of the following: a power of attorney, a written mandate, a court order, letters of authority, or a resolution duly executed by the authorised signatories to the account.


 
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