Transacting your Business
Business Transaction Accounts  •   Cash Management  •   Electronic Banking  •   Guarantees  •   Attorney Trust Accounts

Business Transaction Accounts

Your business banking transaction (cheque) account is the heart of your banking relationship. It offers a safe, convenient platform and also provides access to a wide range of additional services and products.

From the business banking account, you will be able to access:
  • Our lending offerings
  • Cash management solutions
  • Electronic banking
  • ATM card and cheque book facilities
  • Foreign exchange services
  • Deposit and investment products and more

Perhaps the most valuable feature of your business account is the dedicated Relationship Manager assigned to provide you with support. We believe that a business banking relationship is more than just an account - it's a key component of your business. Your dedicated Relationship Manager will be able to provide comprehensive support and advice on your business' banking needs.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Cash Management


Cash Solutions

Many businesses today are faced with the challenge of handling cash effectively. Optimising your cash-handling can often improve your business in many ways, including improved security, efficiency, management information and speed to account.

The Bank of Athens provides class leading cash management solutions for your deposit and withdrawal requirements. Our solutions range from automated onsite collection of funds through to the more traditional branch. There are three cash handling channels which can be structured in combination to ensure your unique requirements are addressed. These channels include automated onsite banking machines, cash-in-transit collection and traditional branch banking.

The optimisation of these channels for your business will be done in conjunction with your dedicated Relationship Manager. We believe strongly in the traditional value of face-to-face consultation with a highly qualified and experienced banker who knows your business.

Automated Cash Handling Channels

Our automated cash handling is driven by innovative automated banking machines installed at your premises. These devices provide many advantages to your business. Not only do they assist in dealing with cash efficiently, but they also reduce the risk of holding cash at your business premises.

Benefits of having Automated Cash Handling:

Business Efficiency:
  • Improved cost efficiency through reduced administration and time spent counting money and cashing up
  • Same day value, providing your business with an improved cash flow position
  • Reduction of in-store cash losses and employee theft
  • Potential reduction in insurance costs
  • Easy reconciliation - deposits can be identified or personalised per cashier
  • Accurate financial reporting and easy access to information in real time over the web
  • Reporting can be formatted for various software packages, allowing easy integration into your accounting system

Risk Benefits:
  • Early transfer of risk once Cash-in-Transit collects the cash from your business
  • Highly secure and tamper sensitive onsite storage of bank notes
  • Independent 24 hour armed response linked to the device - providing additional security over and above your business' normal security
  • Detailed audit trail with all records of cash transactions and any other device activity
  • Cash is rapidly transferred to a secured and bolted device, creating a substantial obstacle to criminal activity

The extent of the device's range and technology can be customised for the size of your business and its cash requirements. Options range from single note feeders to multi high speed cash acceptors, with capacity ranges from R 50,000 to R 1,000,000.
The device is smart enough to not only count your money but also validate the authenticity of the cash accepted from your customers.

It's important to note that the negotiations and contractual arrangements with the CIT service provider remain independent of the cash handling agreement with Bank of Athens.

Traditional Cash-Handling Channels

Our traditional cash-handling channels facilitate your cash-handling needs through cash centres and branches around the country.
These traditional channels offer you the option of banking directly at one of our sites or making use of a cash-in-transit (CIT) service provider for improved security and risk management.

Traditional branch banking:

To provide a full and competitive service to you, we have entered into an alliance agreement with ABSA bank. This agreement provides you with access to ABSA's network of over 700 sites around the country, allowing you to withdraw from and deposit into your Bank of Athens account throughout South Africa.

CIT and Cash Centre services:

Cash deposits and withdrawals can be made via cash centres. This service is available in all major centres around the country and handles both CIT and walk-in business from Bank of Athens business banking customers. Both withdrawals and deposits can be facilitated through this channel, providing substantially improved security for customers.


For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Electronic Banking

Business Internet Banking takes the hassle out of banking. It frees up your time to do the important things, like running your business. It’s available when you want it, wherever you happen to be, and it puts you in control of your banking.

Banking manually can be time consuming and costly – both in time and money. Business Internet Banking is a quick, cost-effective and flexible offering that ensures you have the time you need to spend on your business.

What can I do online?
  • Real time balances and transaction information available 24 hours a day
  • Access to your accounts – all of your transaction history and statement information is available at your fingertips
  • Manage Beneficiaries and view Direct Debits without having to contact your support team
  • Pay your creditors and employees in the comfort of your own office / home
  • Transfer money between your business accounts

Is online banking safe and secure?

The security of our service and of your accounts is our top priority.  Our online banking site is encrypted and is accessed through your secret login number and pin.

In addition to encryption and access control, there is also user defined controls that allow limited access e.g. view only, beneficiary loading and payment submission.

How can my business enrol for Internet Banking?
  • The first step is to open an account if you haven’t already got one with us.
  • Select the internet banking login option, thereafter click the New User Enrolment icon.
  • Complete the enrolment application form and submit.
  • Once you have submitted your online application, we will perform a validation of your details against the information we have on record to ensure your security.
  • After successful registration, your pin will be available for collection at your business suite or from your relationship manager.

How much will it cost my business to transact via Internet Banking?

Electronic banking is one of the most cost effective ways to do your banking. Viewing your balances and downloading statements are both free services. The Bank charges a monthly subscription fee once you have registered, thereafter fees are payable as you transact. All of the applicable fees can be found in our pricing guide available in the Rates and Pricing tab at the top of your page.

What other electronic banking services does the Bank offer?


Athena Payment System (APS)

The Athena Payment System is specifically designed to cater for a business’ bulk / batch payment requirements.

How does APS work?
  • APS is easy to install and is designed to run your bulk and batch payments.
  • The system provides you with a complete database on the payment history of all your transactions.
  • Similarly to Internet Banking, beneficiaries are created and stored on the system for payment.
  • The system runs a validation on the beneficiary account numbers and branch codes whilst looking for duplicate transactions within the same batch.
  • The information once verified and authorised by you, is submitted/uploaded to Bank of Athens for distribution into the various beneficiary accounts.
  • The system provides the client with an audit trail of the transactions plus an invoice for the service fees and details of the funding account into which the funding deposit must be made.

How much will it cost my business to make use of APS?

The Bank charges a monthly subscription fee once you have registered, thereafter fees are payable as you transact. All of the applicable fees can be found in our pricing guide available Rates and Pricing tab at the top of your page.

Electronic Banking Support

We have a dedicated electronic banking support team that can offer assistance with training, beneficiary loading and the normal operational support matters like pin resets. Please contact your relationship manager or call us on 0861 102 205 for assistance. Alternatively, you can email us at internetbanksupport2@bankofathens.co.za



Guarantees

The Bank offers this product to formally guarantee payment in respect of your business’ obligations to third parties.

The guarantees are offered in three main categories:
  • Property Guarantees – issued to effect transfer of immovable property
  • Performance Guarantees – issued to underwrite building/development activities
  • Payment Guarantees – issued to guarantee rental payments, deposits to municipalities, etc.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Attorney Trust Accounts

Attorney Trust Accounts are specifically designed for those Attorney practices that hold funds in trust for another party and ensures that these funds remain completely safe.

What are the benefits to my business?
  • Competitive interest rate.
  • Free electronic banking subscription, free internal transfers and reduced fees on external electronic transfers.
  • Reduced fees on cash covered guarantees.
  • Manage 3rd party accounts on-line with access to information 24 hours a day, see electronic banking for more benefits to your business.Eliminate a significant amount of administration with easy account opening and closing processes.

What do I need to qualify for an Attorney Trust Account?
  • The account holder must be an Attorney
  • The Attorney must have an ITC credit record that is acceptable to the Bank
  • The account must only be used for the safe keeping of funds belonging to the Attorney's client.

To apply

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Transacting your Business
Business Transaction Accounts  •   Cash Management  •   Electronic Banking  •   Guarantees  •   Attorney Trust Accounts

Business Transaction Accounts

Your business banking transaction (cheque) account is the heart of your banking relationship. It offers a safe, convenient platform and also provides access to a wide range of additional services and products.

From the business banking account, you will be able to access:
  • Our lending offerings
  • Cash management solutions
  • Electronic banking
  • ATM card and cheque book facilities
  • Foreign exchange services
  • Deposit and investment products and more

Perhaps the most valuable feature of your business account is the dedicated Relationship Manager assigned to provide you with support. We believe that a business banking relationship is more than just an account - it's a key component of your business. Your dedicated Relationship Manager will be able to provide comprehensive support and advice on your business' banking needs.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Cash Management


Cash Solutions

Many businesses today are faced with the challenge of handling cash effectively. Optimising your cash-handling can often improve your business in many ways, including improved security, efficiency, management information and speed to account.

The Bank of Athens provides class leading cash management solutions for your deposit and withdrawal requirements. Our solutions range from automated onsite collection of funds through to the more traditional branch. There are three cash handling channels which can be structured in combination to ensure your unique requirements are addressed. These channels include automated onsite banking machines, cash-in-transit collection and traditional branch banking.

The optimisation of these channels for your business will be done in conjunction with your dedicated Relationship Manager. We believe strongly in the traditional value of face-to-face consultation with a highly qualified and experienced banker who knows your business.

Automated Cash Handling Channels

Our automated cash handling is driven by innovative automated banking machines installed at your premises. These devices provide many advantages to your business. Not only do they assist in dealing with cash efficiently, but they also reduce the risk of holding cash at your business premises.

Benefits of having Automated Cash Handling:

Business Efficiency:
  • Improved cost efficiency through reduced administration and time spent counting money and cashing up
  • Same day value, providing your business with an improved cash flow position
  • Reduction of in-store cash losses and employee theft
  • Potential reduction in insurance costs
  • Easy reconciliation - deposits can be identified or personalised per cashier
  • Accurate financial reporting and easy access to information in real time over the web
  • Reporting can be formatted for various software packages, allowing easy integration into your accounting system

Risk Benefits:
  • Early transfer of risk once Cash-in-Transit collects the cash from your business
  • Highly secure and tamper sensitive onsite storage of bank notes
  • Independent 24 hour armed response linked to the device - providing additional security over and above your business' normal security
  • Detailed audit trail with all records of cash transactions and any other device activity
  • Cash is rapidly transferred to a secured and bolted device, creating a substantial obstacle to criminal activity

The extent of the device's range and technology can be customised for the size of your business and its cash requirements. Options range from single note feeders to multi high speed cash acceptors, with capacity ranges from R 50,000 to R 1,000,000.
The device is smart enough to not only count your money but also validate the authenticity of the cash accepted from your customers.

It's important to note that the negotiations and contractual arrangements with the CIT service provider remain independent of the cash handling agreement with Bank of Athens.

Traditional Cash-Handling Channels

Our traditional cash-handling channels facilitate your cash-handling needs through cash centres and branches around the country.
These traditional channels offer you the option of banking directly at one of our sites or making use of a cash-in-transit (CIT) service provider for improved security and risk management.

Traditional branch banking:

To provide a full and competitive service to you, we have entered into an alliance agreement with ABSA bank. This agreement provides you with access to ABSA's network of over 700 sites around the country, allowing you to withdraw from and deposit into your Bank of Athens account throughout South Africa.

CIT and Cash Centre services:

Cash deposits and withdrawals can be made via cash centres. This service is available in all major centres around the country and handles both CIT and walk-in business from Bank of Athens business banking customers. Both withdrawals and deposits can be facilitated through this channel, providing substantially improved security for customers.


For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Electronic Banking

Business Internet Banking takes the hassle out of banking. It frees up your time to do the important things, like running your business. It’s available when you want it, wherever you happen to be, and it puts you in control of your banking.

Banking manually can be time consuming and costly – both in time and money. Business Internet Banking is a quick, cost-effective and flexible offering that ensures you have the time you need to spend on your business.

What can I do online?
  • Real time balances and transaction information available 24 hours a day
  • Access to your accounts – all of your transaction history and statement information is available at your fingertips
  • Manage Beneficiaries and view Direct Debits without having to contact your support team
  • Pay your creditors and employees in the comfort of your own office / home
  • Transfer money between your business accounts

Is online banking safe and secure?

The security of our service and of your accounts is our top priority.  Our online banking site is encrypted and is accessed through your secret login number and pin.

In addition to encryption and access control, there is also user defined controls that allow limited access e.g. view only, beneficiary loading and payment submission.

How can my business enrol for Internet Banking?
  • The first step is to open an account if you haven’t already got one with us.
  • Select the internet banking login option, thereafter click the New User Enrolment icon.
  • Complete the enrolment application form and submit.
  • Once you have submitted your online application, we will perform a validation of your details against the information we have on record to ensure your security.
  • After successful registration, your pin will be available for collection at your business suite or from your relationship manager.

How much will it cost my business to transact via Internet Banking?

Electronic banking is one of the most cost effective ways to do your banking. Viewing your balances and downloading statements are both free services. The Bank charges a monthly subscription fee once you have registered, thereafter fees are payable as you transact. All of the applicable fees can be found in our pricing guide available in the Rates and Pricing tab at the top of your page.

What other electronic banking services does the Bank offer?


Athena Payment System (APS)

The Athena Payment System is specifically designed to cater for a business’ bulk / batch payment requirements.

How does APS work?
  • APS is easy to install and is designed to run your bulk and batch payments.
  • The system provides you with a complete database on the payment history of all your transactions.
  • Similarly to Internet Banking, beneficiaries are created and stored on the system for payment.
  • The system runs a validation on the beneficiary account numbers and branch codes whilst looking for duplicate transactions within the same batch.
  • The information once verified and authorised by you, is submitted/uploaded to Bank of Athens for distribution into the various beneficiary accounts.
  • The system provides the client with an audit trail of the transactions plus an invoice for the service fees and details of the funding account into which the funding deposit must be made.

How much will it cost my business to make use of APS?

The Bank charges a monthly subscription fee once you have registered, thereafter fees are payable as you transact. All of the applicable fees can be found in our pricing guide available Rates and Pricing tab at the top of your page.

Electronic Banking Support

We have a dedicated electronic banking support team that can offer assistance with training, beneficiary loading and the normal operational support matters like pin resets. Please contact your relationship manager or call us on 0861 102 205 for assistance. Alternatively, you can email us at internetbanksupport2@bankofathens.co.za



Guarantees

The Bank offers this product to formally guarantee payment in respect of your business’ obligations to third parties.

The guarantees are offered in three main categories:
  • Property Guarantees – issued to effect transfer of immovable property
  • Performance Guarantees – issued to underwrite building/development activities
  • Payment Guarantees – issued to guarantee rental payments, deposits to municipalities, etc.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Attorney Trust Accounts

Attorney Trust Accounts are specifically designed for those Attorney practices that hold funds in trust for another party and ensures that these funds remain completely safe.

What are the benefits to my business?
  • Competitive interest rate.
  • Free electronic banking subscription, free internal transfers and reduced fees on external electronic transfers.
  • Reduced fees on cash covered guarantees.
  • Manage 3rd party accounts on-line with access to information 24 hours a day, see electronic banking for more benefits to your business.Eliminate a significant amount of administration with easy account opening and closing processes.

What do I need to qualify for an Attorney Trust Account?
  • The account holder must be an Attorney
  • The Attorney must have an ITC credit record that is acceptable to the Bank
  • The account must only be used for the safe keeping of funds belonging to the Attorney's client.

To apply

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Transacting your Business
Business Transaction Accounts  •   Cash Management  •   Electronic Banking  •   Guarantees  •   Attorney Trust Accounts

Business Transaction Accounts

Your business banking transaction (cheque) account is the heart of your banking relationship. It offers a safe, convenient platform and also provides access to a wide range of additional services and products.

From the business banking account, you will be able to access:
  • Our lending offerings
  • Cash management solutions
  • Electronic banking
  • ATM card and cheque book facilities
  • Foreign exchange services
  • Deposit and investment products and more

Perhaps the most valuable feature of your business account is the dedicated Relationship Manager assigned to provide you with support. We believe that a business banking relationship is more than just an account - it's a key component of your business. Your dedicated Relationship Manager will be able to provide comprehensive support and advice on your business' banking needs.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Cash Management


Cash Solutions

Many businesses today are faced with the challenge of handling cash effectively. Optimising your cash-handling can often improve your business in many ways, including improved security, efficiency, management information and speed to account.

The Bank of Athens provides class leading cash management solutions for your deposit and withdrawal requirements. Our solutions range from automated onsite collection of funds through to the more traditional branch. There are three cash handling channels which can be structured in combination to ensure your unique requirements are addressed. These channels include automated onsite banking machines, cash-in-transit collection and traditional branch banking.

The optimisation of these channels for your business will be done in conjunction with your dedicated Relationship Manager. We believe strongly in the traditional value of face-to-face consultation with a highly qualified and experienced banker who knows your business.

Automated Cash Handling Channels

Our automated cash handling is driven by innovative automated banking machines installed at your premises. These devices provide many advantages to your business. Not only do they assist in dealing with cash efficiently, but they also reduce the risk of holding cash at your business premises.

Benefits of having Automated Cash Handling:

Business Efficiency:
  • Improved cost efficiency through reduced administration and time spent counting money and cashing up
  • Same day value, providing your business with an improved cash flow position
  • Reduction of in-store cash losses and employee theft
  • Potential reduction in insurance costs
  • Easy reconciliation - deposits can be identified or personalised per cashier
  • Accurate financial reporting and easy access to information in real time over the web
  • Reporting can be formatted for various software packages, allowing easy integration into your accounting system

Risk Benefits:
  • Early transfer of risk once Cash-in-Transit collects the cash from your business
  • Highly secure and tamper sensitive onsite storage of bank notes
  • Independent 24 hour armed response linked to the device - providing additional security over and above your business' normal security
  • Detailed audit trail with all records of cash transactions and any other device activity
  • Cash is rapidly transferred to a secured and bolted device, creating a substantial obstacle to criminal activity

The extent of the device's range and technology can be customised for the size of your business and its cash requirements. Options range from single note feeders to multi high speed cash acceptors, with capacity ranges from R 50,000 to R 1,000,000.
The device is smart enough to not only count your money but also validate the authenticity of the cash accepted from your customers.

It's important to note that the negotiations and contractual arrangements with the CIT service provider remain independent of the cash handling agreement with Bank of Athens.

Traditional Cash-Handling Channels

Our traditional cash-handling channels facilitate your cash-handling needs through cash centres and branches around the country.
These traditional channels offer you the option of banking directly at one of our sites or making use of a cash-in-transit (CIT) service provider for improved security and risk management.

Traditional branch banking:

To provide a full and competitive service to you, we have entered into an alliance agreement with ABSA bank. This agreement provides you with access to ABSA's network of over 700 sites around the country, allowing you to withdraw from and deposit into your Bank of Athens account throughout South Africa.

CIT and Cash Centre services:

Cash deposits and withdrawals can be made via cash centres. This service is available in all major centres around the country and handles both CIT and walk-in business from Bank of Athens business banking customers. Both withdrawals and deposits can be facilitated through this channel, providing substantially improved security for customers.


For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Electronic Banking

Business Internet Banking takes the hassle out of banking. It frees up your time to do the important things, like running your business. It’s available when you want it, wherever you happen to be, and it puts you in control of your banking.

Banking manually can be time consuming and costly – both in time and money. Business Internet Banking is a quick, cost-effective and flexible offering that ensures you have the time you need to spend on your business.

What can I do online?
  • Real time balances and transaction information available 24 hours a day
  • Access to your accounts – all of your transaction history and statement information is available at your fingertips
  • Manage Beneficiaries and view Direct Debits without having to contact your support team
  • Pay your creditors and employees in the comfort of your own office / home
  • Transfer money between your business accounts

Is online banking safe and secure?

The security of our service and of your accounts is our top priority.  Our online banking site is encrypted and is accessed through your secret login number and pin.

In addition to encryption and access control, there is also user defined controls that allow limited access e.g. view only, beneficiary loading and payment submission.

How can my business enrol for Internet Banking?
  • The first step is to open an account if you haven’t already got one with us.
  • Select the internet banking login option, thereafter click the New User Enrolment icon.
  • Complete the enrolment application form and submit.
  • Once you have submitted your online application, we will perform a validation of your details against the information we have on record to ensure your security.
  • After successful registration, your pin will be available for collection at your business suite or from your relationship manager.

How much will it cost my business to transact via Internet Banking?

Electronic banking is one of the most cost effective ways to do your banking. Viewing your balances and downloading statements are both free services. The Bank charges a monthly subscription fee once you have registered, thereafter fees are payable as you transact. All of the applicable fees can be found in our pricing guide available in the Rates and Pricing tab at the top of your page.

What other electronic banking services does the Bank offer?


Athena Payment System (APS)

The Athena Payment System is specifically designed to cater for a business’ bulk / batch payment requirements.

How does APS work?
  • APS is easy to install and is designed to run your bulk and batch payments.
  • The system provides you with a complete database on the payment history of all your transactions.
  • Similarly to Internet Banking, beneficiaries are created and stored on the system for payment.
  • The system runs a validation on the beneficiary account numbers and branch codes whilst looking for duplicate transactions within the same batch.
  • The information once verified and authorised by you, is submitted/uploaded to Bank of Athens for distribution into the various beneficiary accounts.
  • The system provides the client with an audit trail of the transactions plus an invoice for the service fees and details of the funding account into which the funding deposit must be made.

How much will it cost my business to make use of APS?

The Bank charges a monthly subscription fee once you have registered, thereafter fees are payable as you transact. All of the applicable fees can be found in our pricing guide available Rates and Pricing tab at the top of your page.

Electronic Banking Support

We have a dedicated electronic banking support team that can offer assistance with training, beneficiary loading and the normal operational support matters like pin resets. Please contact your relationship manager or call us on 0861 102 205 for assistance. Alternatively, you can email us at internetbanksupport2@bankofathens.co.za



Guarantees

The Bank offers this product to formally guarantee payment in respect of your business’ obligations to third parties.

The guarantees are offered in three main categories:
  • Property Guarantees – issued to effect transfer of immovable property
  • Performance Guarantees – issued to underwrite building/development activities
  • Payment Guarantees – issued to guarantee rental payments, deposits to municipalities, etc.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Attorney Trust Accounts

Attorney Trust Accounts are specifically designed for those Attorney practices that hold funds in trust for another party and ensures that these funds remain completely safe.

What are the benefits to my business?
  • Competitive interest rate.
  • Free electronic banking subscription, free internal transfers and reduced fees on external electronic transfers.
  • Reduced fees on cash covered guarantees.
  • Manage 3rd party accounts on-line with access to information 24 hours a day, see electronic banking for more benefits to your business.Eliminate a significant amount of administration with easy account opening and closing processes.

What do I need to qualify for an Attorney Trust Account?
  • The account holder must be an Attorney
  • The Attorney must have an ITC credit record that is acceptable to the Bank
  • The account must only be used for the safe keeping of funds belonging to the Attorney's client.

To apply

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Transacting your Business
Business Transaction Accounts  •   Cash Management  •   Electronic Banking  •   Guarantees  •   Attorney Trust Accounts

Business Transaction Accounts

Your business banking transaction (cheque) account is the heart of your banking relationship. It offers a safe, convenient platform and also provides access to a wide range of additional services and products.

From the business banking account, you will be able to access:
  • Our lending offerings
  • Cash management solutions
  • Electronic banking
  • ATM card and cheque book facilities
  • Foreign exchange services
  • Deposit and investment products and more

Perhaps the most valuable feature of your business account is the dedicated Relationship Manager assigned to provide you with support. We believe that a business banking relationship is more than just an account - it's a key component of your business. Your dedicated Relationship Manager will be able to provide comprehensive support and advice on your business' banking needs.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Cash Management


Cash Solutions

Many businesses today are faced with the challenge of handling cash effectively. Optimising your cash-handling can often improve your business in many ways, including improved security, efficiency, management information and speed to account.

The Bank of Athens provides class leading cash management solutions for your deposit and withdrawal requirements. Our solutions range from automated onsite collection of funds through to the more traditional branch. There are three cash handling channels which can be structured in combination to ensure your unique requirements are addressed. These channels include automated onsite banking machines, cash-in-transit collection and traditional branch banking.

The optimisation of these channels for your business will be done in conjunction with your dedicated Relationship Manager. We believe strongly in the traditional value of face-to-face consultation with a highly qualified and experienced banker who knows your business.

Automated Cash Handling Channels

Our automated cash handling is driven by innovative automated banking machines installed at your premises. These devices provide many advantages to your business. Not only do they assist in dealing with cash efficiently, but they also reduce the risk of holding cash at your business premises.

Benefits of having Automated Cash Handling:

Business Efficiency:
  • Improved cost efficiency through reduced administration and time spent counting money and cashing up
  • Same day value, providing your business with an improved cash flow position
  • Reduction of in-store cash losses and employee theft
  • Potential reduction in insurance costs
  • Easy reconciliation - deposits can be identified or personalised per cashier
  • Accurate financial reporting and easy access to information in real time over the web
  • Reporting can be formatted for various software packages, allowing easy integration into your accounting system

Risk Benefits:
  • Early transfer of risk once Cash-in-Transit collects the cash from your business
  • Highly secure and tamper sensitive onsite storage of bank notes
  • Independent 24 hour armed response linked to the device - providing additional security over and above your business' normal security
  • Detailed audit trail with all records of cash transactions and any other device activity
  • Cash is rapidly transferred to a secured and bolted device, creating a substantial obstacle to criminal activity

The extent of the device's range and technology can be customised for the size of your business and its cash requirements. Options range from single note feeders to multi high speed cash acceptors, with capacity ranges from R 50,000 to R 1,000,000.
The device is smart enough to not only count your money but also validate the authenticity of the cash accepted from your customers.

It's important to note that the negotiations and contractual arrangements with the CIT service provider remain independent of the cash handling agreement with Bank of Athens.

Traditional Cash-Handling Channels

Our traditional cash-handling channels facilitate your cash-handling needs through cash centres and branches around the country.
These traditional channels offer you the option of banking directly at one of our sites or making use of a cash-in-transit (CIT) service provider for improved security and risk management.

Traditional branch banking:

To provide a full and competitive service to you, we have entered into an alliance agreement with ABSA bank. This agreement provides you with access to ABSA's network of over 700 sites around the country, allowing you to withdraw from and deposit into your Bank of Athens account throughout South Africa.

CIT and Cash Centre services:

Cash deposits and withdrawals can be made via cash centres. This service is available in all major centres around the country and handles both CIT and walk-in business from Bank of Athens business banking customers. Both withdrawals and deposits can be facilitated through this channel, providing substantially improved security for customers.


For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Electronic Banking

Business Internet Banking takes the hassle out of banking. It frees up your time to do the important things, like running your business. It’s available when you want it, wherever you happen to be, and it puts you in control of your banking.

Banking manually can be time consuming and costly – both in time and money. Business Internet Banking is a quick, cost-effective and flexible offering that ensures you have the time you need to spend on your business.

What can I do online?
  • Real time balances and transaction information available 24 hours a day
  • Access to your accounts – all of your transaction history and statement information is available at your fingertips
  • Manage Beneficiaries and view Direct Debits without having to contact your support team
  • Pay your creditors and employees in the comfort of your own office / home
  • Transfer money between your business accounts

Is online banking safe and secure?

The security of our service and of your accounts is our top priority.  Our online banking site is encrypted and is accessed through your secret login number and pin.

In addition to encryption and access control, there is also user defined controls that allow limited access e.g. view only, beneficiary loading and payment submission.

How can my business enrol for Internet Banking?
  • The first step is to open an account if you haven’t already got one with us.
  • Select the internet banking login option, thereafter click the New User Enrolment icon.
  • Complete the enrolment application form and submit.
  • Once you have submitted your online application, we will perform a validation of your details against the information we have on record to ensure your security.
  • After successful registration, your pin will be available for collection at your business suite or from your relationship manager.

How much will it cost my business to transact via Internet Banking?

Electronic banking is one of the most cost effective ways to do your banking. Viewing your balances and downloading statements are both free services. The Bank charges a monthly subscription fee once you have registered, thereafter fees are payable as you transact. All of the applicable fees can be found in our pricing guide available in the Rates and Pricing tab at the top of your page.

What other electronic banking services does the Bank offer?


Athena Payment System (APS)

The Athena Payment System is specifically designed to cater for a business’ bulk / batch payment requirements.

How does APS work?
  • APS is easy to install and is designed to run your bulk and batch payments.
  • The system provides you with a complete database on the payment history of all your transactions.
  • Similarly to Internet Banking, beneficiaries are created and stored on the system for payment.
  • The system runs a validation on the beneficiary account numbers and branch codes whilst looking for duplicate transactions within the same batch.
  • The information once verified and authorised by you, is submitted/uploaded to Bank of Athens for distribution into the various beneficiary accounts.
  • The system provides the client with an audit trail of the transactions plus an invoice for the service fees and details of the funding account into which the funding deposit must be made.

How much will it cost my business to make use of APS?

The Bank charges a monthly subscription fee once you have registered, thereafter fees are payable as you transact. All of the applicable fees can be found in our pricing guide available Rates and Pricing tab at the top of your page.

Electronic Banking Support

We have a dedicated electronic banking support team that can offer assistance with training, beneficiary loading and the normal operational support matters like pin resets. Please contact your relationship manager or call us on 0861 102 205 for assistance. Alternatively, you can email us at internetbanksupport2@bankofathens.co.za



Guarantees

The Bank offers this product to formally guarantee payment in respect of your business’ obligations to third parties.

The guarantees are offered in three main categories:
  • Property Guarantees – issued to effect transfer of immovable property
  • Performance Guarantees – issued to underwrite building/development activities
  • Payment Guarantees – issued to guarantee rental payments, deposits to municipalities, etc.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Attorney Trust Accounts

Attorney Trust Accounts are specifically designed for those Attorney practices that hold funds in trust for another party and ensures that these funds remain completely safe.

What are the benefits to my business?
  • Competitive interest rate.
  • Free electronic banking subscription, free internal transfers and reduced fees on external electronic transfers.
  • Reduced fees on cash covered guarantees.
  • Manage 3rd party accounts on-line with access to information 24 hours a day, see electronic banking for more benefits to your business.Eliminate a significant amount of administration with easy account opening and closing processes.

What do I need to qualify for an Attorney Trust Account?
  • The account holder must be an Attorney
  • The Attorney must have an ITC credit record that is acceptable to the Bank
  • The account must only be used for the safe keeping of funds belonging to the Attorney's client.

To apply

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Transacting your Business
Business Transaction Accounts  •   Cash Management  •   Electronic Banking  •   Guarantees  •   Attorney Trust Accounts

Business Transaction Accounts

Your business banking transaction (cheque) account is the heart of your banking relationship. It offers a safe, convenient platform and also provides access to a wide range of additional services and products.

From the business banking account, you will be able to access:
  • Our lending offerings
  • Cash management solutions
  • Electronic banking
  • ATM card and cheque book facilities
  • Foreign exchange services
  • Deposit and investment products and more

Perhaps the most valuable feature of your business account is the dedicated Relationship Manager assigned to provide you with support. We believe that a business banking relationship is more than just an account - it's a key component of your business. Your dedicated Relationship Manager will be able to provide comprehensive support and advice on your business' banking needs.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Cash Management


Cash Solutions

Many businesses today are faced with the challenge of handling cash effectively. Optimising your cash-handling can often improve your business in many ways, including improved security, efficiency, management information and speed to account.

The Bank of Athens provides class leading cash management solutions for your deposit and withdrawal requirements. Our solutions range from automated onsite collection of funds through to the more traditional branch. There are three cash handling channels which can be structured in combination to ensure your unique requirements are addressed. These channels include automated onsite banking machines, cash-in-transit collection and traditional branch banking.

The optimisation of these channels for your business will be done in conjunction with your dedicated Relationship Manager. We believe strongly in the traditional value of face-to-face consultation with a highly qualified and experienced banker who knows your business.

Automated Cash Handling Channels

Our automated cash handling is driven by innovative automated banking machines installed at your premises. These devices provide many advantages to your business. Not only do they assist in dealing with cash efficiently, but they also reduce the risk of holding cash at your business premises.

Benefits of having Automated Cash Handling:

Business Efficiency:
  • Improved cost efficiency through reduced administration and time spent counting money and cashing up
  • Same day value, providing your business with an improved cash flow position
  • Reduction of in-store cash losses and employee theft
  • Potential reduction in insurance costs
  • Easy reconciliation - deposits can be identified or personalised per cashier
  • Accurate financial reporting and easy access to information in real time over the web
  • Reporting can be formatted for various software packages, allowing easy integration into your accounting system

Risk Benefits:
  • Early transfer of risk once Cash-in-Transit collects the cash from your business
  • Highly secure and tamper sensitive onsite storage of bank notes
  • Independent 24 hour armed response linked to the device - providing additional security over and above your business' normal security
  • Detailed audit trail with all records of cash transactions and any other device activity
  • Cash is rapidly transferred to a secured and bolted device, creating a substantial obstacle to criminal activity

The extent of the device's range and technology can be customised for the size of your business and its cash requirements. Options range from single note feeders to multi high speed cash acceptors, with capacity ranges from R 50,000 to R 1,000,000.
The device is smart enough to not only count your money but also validate the authenticity of the cash accepted from your customers.

It's important to note that the negotiations and contractual arrangements with the CIT service provider remain independent of the cash handling agreement with Bank of Athens.

Traditional Cash-Handling Channels

Our traditional cash-handling channels facilitate your cash-handling needs through cash centres and branches around the country.
These traditional channels offer you the option of banking directly at one of our sites or making use of a cash-in-transit (CIT) service provider for improved security and risk management.

Traditional branch banking:

To provide a full and competitive service to you, we have entered into an alliance agreement with ABSA bank. This agreement provides you with access to ABSA's network of over 700 sites around the country, allowing you to withdraw from and deposit into your Bank of Athens account throughout South Africa.

CIT and Cash Centre services:

Cash deposits and withdrawals can be made via cash centres. This service is available in all major centres around the country and handles both CIT and walk-in business from Bank of Athens business banking customers. Both withdrawals and deposits can be facilitated through this channel, providing substantially improved security for customers.


For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Electronic Banking

Business Internet Banking takes the hassle out of banking. It frees up your time to do the important things, like running your business. It’s available when you want it, wherever you happen to be, and it puts you in control of your banking.

Banking manually can be time consuming and costly – both in time and money. Business Internet Banking is a quick, cost-effective and flexible offering that ensures you have the time you need to spend on your business.

What can I do online?
  • Real time balances and transaction information available 24 hours a day
  • Access to your accounts – all of your transaction history and statement information is available at your fingertips
  • Manage Beneficiaries and view Direct Debits without having to contact your support team
  • Pay your creditors and employees in the comfort of your own office / home
  • Transfer money between your business accounts

Is online banking safe and secure?

The security of our service and of your accounts is our top priority.  Our online banking site is encrypted and is accessed through your secret login number and pin.

In addition to encryption and access control, there is also user defined controls that allow limited access e.g. view only, beneficiary loading and payment submission.

How can my business enrol for Internet Banking?
  • The first step is to open an account if you haven’t already got one with us.
  • Select the internet banking login option, thereafter click the New User Enrolment icon.
  • Complete the enrolment application form and submit.
  • Once you have submitted your online application, we will perform a validation of your details against the information we have on record to ensure your security.
  • After successful registration, your pin will be available for collection at your business suite or from your relationship manager.

How much will it cost my business to transact via Internet Banking?

Electronic banking is one of the most cost effective ways to do your banking. Viewing your balances and downloading statements are both free services. The Bank charges a monthly subscription fee once you have registered, thereafter fees are payable as you transact. All of the applicable fees can be found in our pricing guide available in the Rates and Pricing tab at the top of your page.

What other electronic banking services does the Bank offer?


Athena Payment System (APS)

The Athena Payment System is specifically designed to cater for a business’ bulk / batch payment requirements.

How does APS work?
  • APS is easy to install and is designed to run your bulk and batch payments.
  • The system provides you with a complete database on the payment history of all your transactions.
  • Similarly to Internet Banking, beneficiaries are created and stored on the system for payment.
  • The system runs a validation on the beneficiary account numbers and branch codes whilst looking for duplicate transactions within the same batch.
  • The information once verified and authorised by you, is submitted/uploaded to Bank of Athens for distribution into the various beneficiary accounts.
  • The system provides the client with an audit trail of the transactions plus an invoice for the service fees and details of the funding account into which the funding deposit must be made.

How much will it cost my business to make use of APS?

The Bank charges a monthly subscription fee once you have registered, thereafter fees are payable as you transact. All of the applicable fees can be found in our pricing guide available Rates and Pricing tab at the top of your page.

Electronic Banking Support

We have a dedicated electronic banking support team that can offer assistance with training, beneficiary loading and the normal operational support matters like pin resets. Please contact your relationship manager or call us on 0861 102 205 for assistance. Alternatively, you can email us at internetbanksupport2@bankofathens.co.za



Guarantees

The Bank offers this product to formally guarantee payment in respect of your business’ obligations to third parties.

The guarantees are offered in three main categories:
  • Property Guarantees – issued to effect transfer of immovable property
  • Performance Guarantees – issued to underwrite building/development activities
  • Payment Guarantees – issued to guarantee rental payments, deposits to municipalities, etc.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Attorney Trust Accounts

Attorney Trust Accounts are specifically designed for those Attorney practices that hold funds in trust for another party and ensures that these funds remain completely safe.

What are the benefits to my business?
  • Competitive interest rate.
  • Free electronic banking subscription, free internal transfers and reduced fees on external electronic transfers.
  • Reduced fees on cash covered guarantees.
  • Manage 3rd party accounts on-line with access to information 24 hours a day, see electronic banking for more benefits to your business.Eliminate a significant amount of administration with easy account opening and closing processes.

What do I need to qualify for an Attorney Trust Account?
  • The account holder must be an Attorney
  • The Attorney must have an ITC credit record that is acceptable to the Bank
  • The account must only be used for the safe keeping of funds belonging to the Attorney's client.

To apply

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Financing your Business
Working Capital  •   Vehicle & Asset Finance  •   Property Finance

Working Capital

Overdraft Facilities


Overview

Working capital is the lifeblood of a successful business. We can structure an overdraft facility to meet your business needs, taking into account your unique circumstances. Once we’ve undertaken a financial analysis of your business and its needs, our banking professionals will tailor a solution to meet your cash flow requirements.

What benefits does an overdraft provide to my Business?
  • Gives your business the financial flexibility and comfort should you overdraw on your available balance
  • You don’t have minimum monthly repayments, provided you remain within your arranged limit and make regular deposits
  • Due to the fluctuating nature of the facility you will only pay interest on what you use and not on the total arrangement, saving you interest
  • You may act on those unforeseen business opportunities or expenses
  • You will have access to the funds immediately

What do I need to qualify for a business overdraft?

To assess your short term working capital requirements, we would need to understand your needs and your business through the following items:

  • Your latest business financial statements
  • Cash flow projections
  • Personal statement of assets & liabilities from the business members /directors
  • Business plan (if a start-up business or new venture)
  • Current bank statements (if your account is not held with us)
  • FICA documentation

Depending on the nature of your requirements, there may be a need for additional information. This would be communicated to you by your Relationship Manager, who will be on hand to support you throughout the process.

How much would an overdraft facility cost my business?

If you make use of the overdraft facility, your business will pay interest which is calculated daily and charged monthly. The interest rate is linked to the bank’s prime lending rate and is negotiated with your respective Relationship Manager.

For additional information on overdraft facility fees, please contact your relationship manager or a business development officer in your area.

To apply:

For more information, please contact your Relationship Manager or contact us via our business response centre or email address.

Commercial Loans


Overview

A Commercial Loan is a medium term working capital facility used to finance a company's immediate working capital needs. If you are a new or established business that needs financing, you are probably thinking about seeking a commercial loan.

What benefits does a commercial loan provide to my business?

  • Gives your business financial flexibility.
  • A maximum repayment period of 60 months is available.
  • Instalments are payable monthly in arrears.
  • Interest rate linked to the bank’s prime lending rate dependant on the inherent risk to the bank.

What do I need to qualify for a commercial loan?

To assess your requirements, we would need to understand your needs and your business through the following items:

  • Your latest business financial statements
  • Cash flow projections
  • Personal statement of assets & liabilities from the business members /directors
  • Business plan (if a start-up business or new venture)
  • Current bank statements (if your account is not held with us).
  • FICA documentation

Depending on the nature of your requirements, there may be a need for additional information. This would be communicated to you by your Relationship Manager, who will be on hand to support you throughout the process.

How much would a commercial loan cost my business?

Your business will pay interest which is calculated daily and charged at the end of the month. The interest rate is linked to the bank’s prime lending rate and is negotiated with your respective Relationship Manager.

For additional information on overdraft facility fees, please contact your relationship manager or a business development officer in your area.

To apply:

For more information, please contact your Relationship Manager or contact us via our business response centre or email address.



Vehicle & Asset Finance

Overview

As specialists in asset finance, we understand that you need equipment and machinery to keep your business wheels turning. Our goal is to help you finance movable assets that are critical for the smooth-running and growth of your enterprise.

Our experienced team can tailor-make flexible solutions to match your requirements. So whether you need a 12 ton truck, a cement mixer or a bread making machine, we can structure the ideal solution for you.

What other benefits does the bank provide when financing your movable assets?
  • High touch service delivered by knowledgeable bankers who will assist you through every step of the process
  • A variety of finance packages to meet your business requirements whether instalment sale or lease agreement
  • A suitable repayment plan that matches your financial situation, providing flexibility
  • A line of credit to accommodate future capital expenditure in assets, allowing you to plan for the future

What do you need to qualify for asset finance?

Each application for asset finance is assessed according to credit and affordability principles. In order to apply, you will need:

  • Offer to Purchase / Pro-forma invoice
  • Latest financial statements
  • Cash flow projections
  • Personal statement of assets and liabilities from the business members / directors.
  • Bank statements (if your account is not held with us).
  • FICA documentation

Depending on the nature of your requirements, there may be a need for additional information. This would be communicated to you by your Relationship Manager, who will be on hand to support you throughout the process.

How much would the bank charge my business for financing assets?

Your business will pay interest which is calculated daily and charged at the end of the month. The interest rate is linked to the bank’s prime lending rate and is negotiated with your Relationship Manager.

For additional information on overdraft facility fees, please contact your relationship manager or a business development officer in your area.

To apply:

For more information, please contact your Relationship Manager or contact us via our business response call centre or email address.



Property Finance

Commercial Property Loan


Overview

Commercial property is often one of the largest investment decisions a business can make. Our extensive experience in commercial property deals offers you a range of options for your business including:

  • Making an acquisition of fixed assets in retail, commercial, industrial, agricultural and vacant properties
  • Providing for property extensions / alterations
  • Refinancing your property

We offer a medium and long term repayment program for revenue generating or owner occupied properties.

What other benefits does the bank provide when financing your property?
  • High touch service delivered by knowledgeable bankers who will assist you through every step of the process
  • A suitable repayment plan that matches your financial situation, providing flexibility
  • We offer an access finance facility (subject to certain terms and conditions)
  • The bank can offer additional assistance by providing an overdraft sufficient to meet your short term working capital requirements in support of the awaiting rentals to be collected

What do you need to qualify for a commercial property loan?

The bank will require detailed information on the property being financed. In addition the bank will assist in establishing the market value via a bank appointed professional valuator, ensuring that your initial capital is well spent. An affordability assessment will be undertaken to ensure that your monthly commitments are adequately provided for.

The following documentation will be required to assess such application for property finance:
  • Offer to purchase / sale agreement
  • Rent role, applicable to properties with established tenant base
  • Latest financial statements
  • Cash flow projections
  • Personal statement of assets and liabilities from business members / directors
  • Bank statements (if your account is not held with us)
  • FICA documentation

Depending on the nature of your requirements, there may be a need for additional information. This would be communicated to you by your Relationship Manager, who will be on hand to support you throughout the process.

How much would the bank charge my business for financing property?

Your business will pay interest which is calculated daily and charged at the end of the month. The interest rate is linked to the bank’s prime lending rate and is negotiated with your respective Relationship Manager.

For additional information on overdraft facility fees, please contact your relationship manager or a business development officer in your area.

What other costs are involved when purchasing property for your business?

Deposit:

A deposit is needed if your business only qualifies for a percentage of the loan. Interest may be earned on the deposit (if it is kept by an attorney in a trust) until the property is transferred into your name. The deposit is equity that you introduce and the amount is stated in the Offer to Purchase.

Transfer fees:

Includes "transfer duty" payable to the receiver of revenue, as well as "deeds office fee" and "administrative fee" payable to the transferring attorney. Be aware that transfer duty is not to be paid if the transaction involves a VAT registered party. The deeds and admin fee is however payable on a VAT transaction.

Property Registration Costs:

Consists of the fee payable by you (the purchaser of a property) to a conveyancer (also called a transferring attorney) attending to the registration of a bond over the property in favour of the bank. This fee consists of stamp duty and VAT (as prescribed by law), registration costs (also called conveyancing fees) payable to the transferring (conveyancing) attorney for services rendered as well as bond costs payable to the Deeds Office for the registration of the bond amount.

Valuation Assessment Fee:

Bank assessors carry out a valuation and a fee is charged (payable to the bank), also known as security assessment fee.

To apply:

For more information, please contact your Relationship Manager or contact us via our business response centre or email address.

Residential Property Finance


Property FinanceOverview

At the Bank of Athens, we have been providing mortgage finance for more than 60 years.  We understand that mortgages play a significant role for the business owner – whether it’s to finance your own property, make a property investment or leverage a property for collateral to finance your business.

Our Relationship Managers, backed by a highly experienced credit team, will structure a deal according to your needs and will assist you throughout the process.

What benefits does the bank provide when financing my property?
  • We offer an access finance facility, this subject to certain terms and conditions.
  • Mortgages are normally done over a twenty year period, however you can choose to pay off the home loan over a shorter period of time to save on your total interest cost.
  • Competitive interest rates – a mortgage can be one of the most cost effective forms of financing.

What do I need to qualify for a home loan?

As always, information will be needed on the property being financed. In addition, an affordability assessment will be undertaken to ensure that your monthly commitments are adequately provided for.

The following documentation will be required for a mortgage finance application:

  • Offer to purchase
  • Personal statement of assets and liabilities
  • Income and expenditure statement
  • Bank statements (if your account is not held with us)
  • Salary advise (Payslips)
  • FICA Documentation

Depending on the nature of your requirements, there may be a need for additional information. This would be communicated to you by your Relationship Manager, who will be on hand to support you throughout the process.

How much would the bank charge me for financing a property?

You will pay interest which is calculated daily and charged at the end of the month. The interest rate is linked to the bank’s prime lending rate and is negotiated with your respective relationship manager.

For additional information on overdraft facility fees, please contact your relationship manager or a business development officer in your area.

What other costs are involved when purchasing a property?

Deposit:

A deposit is needed if you or your business only qualifies for a percentage of the loan. Interest can be earned on the deposit (if it is kept by an attorney in a trust) until the property is transferred into your name. The deposit is equity that you introduce and the amount is stated in the Offer to Purchase.

Transfer fees:

Includes "transfer duty" payable to the receiver of revenue, as well as "deeds office fee" and "administrative fee" payable to the transferring attorney. Be aware that transfer duty is not to be paid if the transaction involves a VAT registered party. The deeds and admin fee is payable on a VAT transaction.

Property Registration Costs:

Consists of the fee payable by you (the purchaser of a property) to a conveyance (also called a transferring attorney) attending to the registration of a bond over the property in favour of the bank. This fee consists of stamp duty and VAT (as prescribed by law), registration costs (also called conveyancing fees) payable to the transferring (conveyancing) attorney for services rendered as well as bond costs payable to the Deeds Office for the registration of the bond amount.

Valuation Assessment Fee:

Bank assessors carry out valuation and a fee is charged and payable to the bank, also known as security assessment fee.

To apply:

For more information, please contact your Relationship Manager or contact us via our business response centre or email address.

Financing your Business
Working Capital  •   Vehicle & Asset Finance  •   Property Finance

Working Capital

Overdraft Facilities


Overview

Working capital is the lifeblood of a successful business. We can structure an overdraft facility to meet your business needs, taking into account your unique circumstances. Once we’ve undertaken a financial analysis of your business and its needs, our banking professionals will tailor a solution to meet your cash flow requirements.

What benefits does an overdraft provide to my Business?
  • Gives your business the financial flexibility and comfort should you overdraw on your available balance
  • You don’t have minimum monthly repayments, provided you remain within your arranged limit and make regular deposits
  • Due to the fluctuating nature of the facility you will only pay interest on what you use and not on the total arrangement, saving you interest
  • You may act on those unforeseen business opportunities or expenses
  • You will have access to the funds immediately

What do I need to qualify for a business overdraft?

To assess your short term working capital requirements, we would need to understand your needs and your business through the following items:

  • Your latest business financial statements
  • Cash flow projections
  • Personal statement of assets & liabilities from the business members /directors
  • Business plan (if a start-up business or new venture)
  • Current bank statements (if your account is not held with us)
  • FICA documentation

Depending on the nature of your requirements, there may be a need for additional information. This would be communicated to you by your Relationship Manager, who will be on hand to support you throughout the process.

How much would an overdraft facility cost my business?

If you make use of the overdraft facility, your business will pay interest which is calculated daily and charged monthly. The interest rate is linked to the bank’s prime lending rate and is negotiated with your respective Relationship Manager.

For additional information on overdraft facility fees, please contact your relationship manager or a business development officer in your area.

To apply:

For more information, please contact your Relationship Manager or contact us via our business response centre or email address.

Commercial Loans


Overview

A Commercial Loan is a medium term working capital facility used to finance a company's immediate working capital needs. If you are a new or established business that needs financing, you are probably thinking about seeking a commercial loan.

What benefits does a commercial loan provide to my business?

  • Gives your business financial flexibility.
  • A maximum repayment period of 60 months is available.
  • Instalments are payable monthly in arrears.
  • Interest rate linked to the bank’s prime lending rate dependant on the inherent risk to the bank.

What do I need to qualify for a commercial loan?

To assess your requirements, we would need to understand your needs and your business through the following items:

  • Your latest business financial statements
  • Cash flow projections
  • Personal statement of assets & liabilities from the business members /directors
  • Business plan (if a start-up business or new venture)
  • Current bank statements (if your account is not held with us).
  • FICA documentation

Depending on the nature of your requirements, there may be a need for additional information. This would be communicated to you by your Relationship Manager, who will be on hand to support you throughout the process.

How much would a commercial loan cost my business?

Your business will pay interest which is calculated daily and charged at the end of the month. The interest rate is linked to the bank’s prime lending rate and is negotiated with your respective Relationship Manager.

For additional information on overdraft facility fees, please contact your relationship manager or a business development officer in your area.

To apply:

For more information, please contact your Relationship Manager or contact us via our business response centre or email address.



Vehicle & Asset Finance

Overview

As specialists in asset finance, we understand that you need equipment and machinery to keep your business wheels turning. Our goal is to help you finance movable assets that are critical for the smooth-running and growth of your enterprise.

Our experienced team can tailor-make flexible solutions to match your requirements. So whether you need a 12 ton truck, a cement mixer or a bread making machine, we can structure the ideal solution for you.

What other benefits does the bank provide when financing your movable assets?
  • High touch service delivered by knowledgeable bankers who will assist you through every step of the process
  • A variety of finance packages to meet your business requirements whether instalment sale or lease agreement
  • A suitable repayment plan that matches your financial situation, providing flexibility
  • A line of credit to accommodate future capital expenditure in assets, allowing you to plan for the future

What do you need to qualify for asset finance?

Each application for asset finance is assessed according to credit and affordability principles. In order to apply, you will need:

  • Offer to Purchase / Pro-forma invoice
  • Latest financial statements
  • Cash flow projections
  • Personal statement of assets and liabilities from the business members / directors.
  • Bank statements (if your account is not held with us).
  • FICA documentation

Depending on the nature of your requirements, there may be a need for additional information. This would be communicated to you by your Relationship Manager, who will be on hand to support you throughout the process.

How much would the bank charge my business for financing assets?

Your business will pay interest which is calculated daily and charged at the end of the month. The interest rate is linked to the bank’s prime lending rate and is negotiated with your Relationship Manager.

For additional information on overdraft facility fees, please contact your relationship manager or a business development officer in your area.

To apply:

For more information, please contact your Relationship Manager or contact us via our business response call centre or email address.



Property Finance

Commercial Property Loan


Overview

Commercial property is often one of the largest investment decisions a business can make. Our extensive experience in commercial property deals offers you a range of options for your business including:

  • Making an acquisition of fixed assets in retail, commercial, industrial, agricultural and vacant properties
  • Providing for property extensions / alterations
  • Refinancing your property

We offer a medium and long term repayment program for revenue generating or owner occupied properties.

What other benefits does the bank provide when financing your property?
  • High touch service delivered by knowledgeable bankers who will assist you through every step of the process
  • A suitable repayment plan that matches your financial situation, providing flexibility
  • We offer an access finance facility (subject to certain terms and conditions)
  • The bank can offer additional assistance by providing an overdraft sufficient to meet your short term working capital requirements in support of the awaiting rentals to be collected

What do you need to qualify for a commercial property loan?

The bank will require detailed information on the property being financed. In addition the bank will assist in establishing the market value via a bank appointed professional valuator, ensuring that your initial capital is well spent. An affordability assessment will be undertaken to ensure that your monthly commitments are adequately provided for.

The following documentation will be required to assess such application for property finance:
  • Offer to purchase / sale agreement
  • Rent role, applicable to properties with established tenant base
  • Latest financial statements
  • Cash flow projections
  • Personal statement of assets and liabilities from business members / directors
  • Bank statements (if your account is not held with us)
  • FICA documentation

Depending on the nature of your requirements, there may be a need for additional information. This would be communicated to you by your Relationship Manager, who will be on hand to support you throughout the process.

How much would the bank charge my business for financing property?

Your business will pay interest which is calculated daily and charged at the end of the month. The interest rate is linked to the bank’s prime lending rate and is negotiated with your respective Relationship Manager.

For additional information on overdraft facility fees, please contact your relationship manager or a business development officer in your area.

What other costs are involved when purchasing property for your business?

Deposit:

A deposit is needed if your business only qualifies for a percentage of the loan. Interest may be earned on the deposit (if it is kept by an attorney in a trust) until the property is transferred into your name. The deposit is equity that you introduce and the amount is stated in the Offer to Purchase.

Transfer fees:

Includes "transfer duty" payable to the receiver of revenue, as well as "deeds office fee" and "administrative fee" payable to the transferring attorney. Be aware that transfer duty is not to be paid if the transaction involves a VAT registered party. The deeds and admin fee is however payable on a VAT transaction.

Property Registration Costs:

Consists of the fee payable by you (the purchaser of a property) to a conveyancer (also called a transferring attorney) attending to the registration of a bond over the property in favour of the bank. This fee consists of stamp duty and VAT (as prescribed by law), registration costs (also called conveyancing fees) payable to the transferring (conveyancing) attorney for services rendered as well as bond costs payable to the Deeds Office for the registration of the bond amount.

Valuation Assessment Fee:

Bank assessors carry out a valuation and a fee is charged (payable to the bank), also known as security assessment fee.

To apply:

For more information, please contact your Relationship Manager or contact us via our business response centre or email address.

Residential Property Finance


Property FinanceOverview

At the Bank of Athens, we have been providing mortgage finance for more than 60 years.  We understand that mortgages play a significant role for the business owner – whether it’s to finance your own property, make a property investment or leverage a property for collateral to finance your business.

Our Relationship Managers, backed by a highly experienced credit team, will structure a deal according to your needs and will assist you throughout the process.

What benefits does the bank provide when financing my property?
  • We offer an access finance facility, this subject to certain terms and conditions.
  • Mortgages are normally done over a twenty year period, however you can choose to pay off the home loan over a shorter period of time to save on your total interest cost.
  • Competitive interest rates – a mortgage can be one of the most cost effective forms of financing.

What do I need to qualify for a home loan?

As always, information will be needed on the property being financed. In addition, an affordability assessment will be undertaken to ensure that your monthly commitments are adequately provided for.

The following documentation will be required for a mortgage finance application:

  • Offer to purchase
  • Personal statement of assets and liabilities
  • Income and expenditure statement
  • Bank statements (if your account is not held with us)
  • Salary advise (Payslips)
  • FICA Documentation

Depending on the nature of your requirements, there may be a need for additional information. This would be communicated to you by your Relationship Manager, who will be on hand to support you throughout the process.

How much would the bank charge me for financing a property?

You will pay interest which is calculated daily and charged at the end of the month. The interest rate is linked to the bank’s prime lending rate and is negotiated with your respective relationship manager.

For additional information on overdraft facility fees, please contact your relationship manager or a business development officer in your area.

What other costs are involved when purchasing a property?

Deposit:

A deposit is needed if you or your business only qualifies for a percentage of the loan. Interest can be earned on the deposit (if it is kept by an attorney in a trust) until the property is transferred into your name. The deposit is equity that you introduce and the amount is stated in the Offer to Purchase.

Transfer fees:

Includes "transfer duty" payable to the receiver of revenue, as well as "deeds office fee" and "administrative fee" payable to the transferring attorney. Be aware that transfer duty is not to be paid if the transaction involves a VAT registered party. The deeds and admin fee is payable on a VAT transaction.

Property Registration Costs:

Consists of the fee payable by you (the purchaser of a property) to a conveyance (also called a transferring attorney) attending to the registration of a bond over the property in favour of the bank. This fee consists of stamp duty and VAT (as prescribed by law), registration costs (also called conveyancing fees) payable to the transferring (conveyancing) attorney for services rendered as well as bond costs payable to the Deeds Office for the registration of the bond amount.

Valuation Assessment Fee:

Bank assessors carry out valuation and a fee is charged and payable to the bank, also known as security assessment fee.

To apply:

For more information, please contact your Relationship Manager or contact us via our business response centre or email address.

Financing your Business
Working Capital  •   Vehicle & Asset Finance  •   Property Finance

Working Capital

Overdraft Facilities


Overview

Working capital is the lifeblood of a successful business. We can structure an overdraft facility to meet your business needs, taking into account your unique circumstances. Once we’ve undertaken a financial analysis of your business and its needs, our banking professionals will tailor a solution to meet your cash flow requirements.

What benefits does an overdraft provide to my Business?
  • Gives your business the financial flexibility and comfort should you overdraw on your available balance
  • You don’t have minimum monthly repayments, provided you remain within your arranged limit and make regular deposits
  • Due to the fluctuating nature of the facility you will only pay interest on what you use and not on the total arrangement, saving you interest
  • You may act on those unforeseen business opportunities or expenses
  • You will have access to the funds immediately

What do I need to qualify for a business overdraft?

To assess your short term working capital requirements, we would need to understand your needs and your business through the following items:

  • Your latest business financial statements
  • Cash flow projections
  • Personal statement of assets & liabilities from the business members /directors
  • Business plan (if a start-up business or new venture)
  • Current bank statements (if your account is not held with us)
  • FICA documentation

Depending on the nature of your requirements, there may be a need for additional information. This would be communicated to you by your Relationship Manager, who will be on hand to support you throughout the process.

How much would an overdraft facility cost my business?

If you make use of the overdraft facility, your business will pay interest which is calculated daily and charged monthly. The interest rate is linked to the bank’s prime lending rate and is negotiated with your respective Relationship Manager.

For additional information on overdraft facility fees, please contact your relationship manager or a business development officer in your area.

To apply:

For more information, please contact your Relationship Manager or contact us via our business response centre or email address.

Commercial Loans


Overview

A Commercial Loan is a medium term working capital facility used to finance a company's immediate working capital needs. If you are a new or established business that needs financing, you are probably thinking about seeking a commercial loan.

What benefits does a commercial loan provide to my business?

  • Gives your business financial flexibility.
  • A maximum repayment period of 60 months is available.
  • Instalments are payable monthly in arrears.
  • Interest rate linked to the bank’s prime lending rate dependant on the inherent risk to the bank.

What do I need to qualify for a commercial loan?

To assess your requirements, we would need to understand your needs and your business through the following items:

  • Your latest business financial statements
  • Cash flow projections
  • Personal statement of assets & liabilities from the business members /directors
  • Business plan (if a start-up business or new venture)
  • Current bank statements (if your account is not held with us).
  • FICA documentation

Depending on the nature of your requirements, there may be a need for additional information. This would be communicated to you by your Relationship Manager, who will be on hand to support you throughout the process.

How much would a commercial loan cost my business?

Your business will pay interest which is calculated daily and charged at the end of the month. The interest rate is linked to the bank’s prime lending rate and is negotiated with your respective Relationship Manager.

For additional information on overdraft facility fees, please contact your relationship manager or a business development officer in your area.

To apply:

For more information, please contact your Relationship Manager or contact us via our business response centre or email address.



Vehicle & Asset Finance

Overview

As specialists in asset finance, we understand that you need equipment and machinery to keep your business wheels turning. Our goal is to help you finance movable assets that are critical for the smooth-running and growth of your enterprise.

Our experienced team can tailor-make flexible solutions to match your requirements. So whether you need a 12 ton truck, a cement mixer or a bread making machine, we can structure the ideal solution for you.

What other benefits does the bank provide when financing your movable assets?
  • High touch service delivered by knowledgeable bankers who will assist you through every step of the process
  • A variety of finance packages to meet your business requirements whether instalment sale or lease agreement
  • A suitable repayment plan that matches your financial situation, providing flexibility
  • A line of credit to accommodate future capital expenditure in assets, allowing you to plan for the future

What do you need to qualify for asset finance?

Each application for asset finance is assessed according to credit and affordability principles. In order to apply, you will need:

  • Offer to Purchase / Pro-forma invoice
  • Latest financial statements
  • Cash flow projections
  • Personal statement of assets and liabilities from the business members / directors.
  • Bank statements (if your account is not held with us).
  • FICA documentation

Depending on the nature of your requirements, there may be a need for additional information. This would be communicated to you by your Relationship Manager, who will be on hand to support you throughout the process.

How much would the bank charge my business for financing assets?

Your business will pay interest which is calculated daily and charged at the end of the month. The interest rate is linked to the bank’s prime lending rate and is negotiated with your Relationship Manager.

For additional information on overdraft facility fees, please contact your relationship manager or a business development officer in your area.

To apply:

For more information, please contact your Relationship Manager or contact us via our business response call centre or email address.



Property Finance

Commercial Property Loan


Overview

Commercial property is often one of the largest investment decisions a business can make. Our extensive experience in commercial property deals offers you a range of options for your business including:

  • Making an acquisition of fixed assets in retail, commercial, industrial, agricultural and vacant properties
  • Providing for property extensions / alterations
  • Refinancing your property

We offer a medium and long term repayment program for revenue generating or owner occupied properties.

What other benefits does the bank provide when financing your property?
  • High touch service delivered by knowledgeable bankers who will assist you through every step of the process
  • A suitable repayment plan that matches your financial situation, providing flexibility
  • We offer an access finance facility (subject to certain terms and conditions)
  • The bank can offer additional assistance by providing an overdraft sufficient to meet your short term working capital requirements in support of the awaiting rentals to be collected

What do you need to qualify for a commercial property loan?

The bank will require detailed information on the property being financed. In addition the bank will assist in establishing the market value via a bank appointed professional valuator, ensuring that your initial capital is well spent. An affordability assessment will be undertaken to ensure that your monthly commitments are adequately provided for.

The following documentation will be required to assess such application for property finance:
  • Offer to purchase / sale agreement
  • Rent role, applicable to properties with established tenant base
  • Latest financial statements
  • Cash flow projections
  • Personal statement of assets and liabilities from business members / directors
  • Bank statements (if your account is not held with us)
  • FICA documentation

Depending on the nature of your requirements, there may be a need for additional information. This would be communicated to you by your Relationship Manager, who will be on hand to support you throughout the process.

How much would the bank charge my business for financing property?

Your business will pay interest which is calculated daily and charged at the end of the month. The interest rate is linked to the bank’s prime lending rate and is negotiated with your respective Relationship Manager.

For additional information on overdraft facility fees, please contact your relationship manager or a business development officer in your area.

What other costs are involved when purchasing property for your business?

Deposit:

A deposit is needed if your business only qualifies for a percentage of the loan. Interest may be earned on the deposit (if it is kept by an attorney in a trust) until the property is transferred into your name. The deposit is equity that you introduce and the amount is stated in the Offer to Purchase.

Transfer fees:

Includes "transfer duty" payable to the receiver of revenue, as well as "deeds office fee" and "administrative fee" payable to the transferring attorney. Be aware that transfer duty is not to be paid if the transaction involves a VAT registered party. The deeds and admin fee is however payable on a VAT transaction.

Property Registration Costs:

Consists of the fee payable by you (the purchaser of a property) to a conveyancer (also called a transferring attorney) attending to the registration of a bond over the property in favour of the bank. This fee consists of stamp duty and VAT (as prescribed by law), registration costs (also called conveyancing fees) payable to the transferring (conveyancing) attorney for services rendered as well as bond costs payable to the Deeds Office for the registration of the bond amount.

Valuation Assessment Fee:

Bank assessors carry out a valuation and a fee is charged (payable to the bank), also known as security assessment fee.

To apply:

For more information, please contact your Relationship Manager or contact us via our business response centre or email address.

Residential Property Finance


Property FinanceOverview

At the Bank of Athens, we have been providing mortgage finance for more than 60 years.  We understand that mortgages play a significant role for the business owner – whether it’s to finance your own property, make a property investment or leverage a property for collateral to finance your business.

Our Relationship Managers, backed by a highly experienced credit team, will structure a deal according to your needs and will assist you throughout the process.

What benefits does the bank provide when financing my property?
  • We offer an access finance facility, this subject to certain terms and conditions.
  • Mortgages are normally done over a twenty year period, however you can choose to pay off the home loan over a shorter period of time to save on your total interest cost.
  • Competitive interest rates – a mortgage can be one of the most cost effective forms of financing.

What do I need to qualify for a home loan?

As always, information will be needed on the property being financed. In addition, an affordability assessment will be undertaken to ensure that your monthly commitments are adequately provided for.

The following documentation will be required for a mortgage finance application:

  • Offer to purchase
  • Personal statement of assets and liabilities
  • Income and expenditure statement
  • Bank statements (if your account is not held with us)
  • Salary advise (Payslips)
  • FICA Documentation

Depending on the nature of your requirements, there may be a need for additional information. This would be communicated to you by your Relationship Manager, who will be on hand to support you throughout the process.

How much would the bank charge me for financing a property?

You will pay interest which is calculated daily and charged at the end of the month. The interest rate is linked to the bank’s prime lending rate and is negotiated with your respective relationship manager.

For additional information on overdraft facility fees, please contact your relationship manager or a business development officer in your area.

What other costs are involved when purchasing a property?

Deposit:

A deposit is needed if you or your business only qualifies for a percentage of the loan. Interest can be earned on the deposit (if it is kept by an attorney in a trust) until the property is transferred into your name. The deposit is equity that you introduce and the amount is stated in the Offer to Purchase.

Transfer fees:

Includes "transfer duty" payable to the receiver of revenue, as well as "deeds office fee" and "administrative fee" payable to the transferring attorney. Be aware that transfer duty is not to be paid if the transaction involves a VAT registered party. The deeds and admin fee is payable on a VAT transaction.

Property Registration Costs:

Consists of the fee payable by you (the purchaser of a property) to a conveyance (also called a transferring attorney) attending to the registration of a bond over the property in favour of the bank. This fee consists of stamp duty and VAT (as prescribed by law), registration costs (also called conveyancing fees) payable to the transferring (conveyancing) attorney for services rendered as well as bond costs payable to the Deeds Office for the registration of the bond amount.

Valuation Assessment Fee:

Bank assessors carry out valuation and a fee is charged and payable to the bank, also known as security assessment fee.

To apply:

For more information, please contact your Relationship Manager or contact us via our business response centre or email address.

Investing your Business
Overview  •   Savings & Call-Accounts  •   Notice Accounts  •   Fixed Deposit Accounts

Overview

The Bank of Athens offers a comprehensive range of investment products coupled with highly competitive interest rates. Whether you are looking for greater rewards, an income from your investment or expert advice, our Relationship Managers, backed by a highly experienced Treasury team, will assist you through the investment process.

Planned correctly, an investment account will make your money available to you when you need it and earn interest for you at a competitive rate during the selected investment period. Generally, the longer the term for which you invest, the greater the interest your money will earn.

Should you or your business need to borrow money at any time you could pledge your investment account as security.

Bank of Athens offers you various investment accounts: savings, call, notice and fixed deposits.



Savings and Call Accounts

A call / savings account gives you the option to make a deposit and withdraw your money on demand. This call account is suitable for a business and an individual and can be accessed through the Internet.

Bank statements are produced bi-annually and no service fees are levied.

  • With this account, you will always have easy access to your funds.
  • You can make additional deposits at any time.
  • Earn competitive returns.
  • Statements are available on request.
  • Minimum amount required to open and maintain this account is R1000.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Notice Accounts (32, 66 and 88 Day)

Notice Accounts provide an investment option that makes your money available to you, at an agreed number of days after you give the required written notice to withdraw.

Interest rates depend partly on the notice period you select when you open the account, either 32, 60, or 88 days. In addition, the interest rate varies from time to time with movements in the money market.

You may choose to capitalise your interest earned monthly or it can be paid out to a nominated account.

  • A low cost investment account offering great returns
  • No maximum deposit amount applicable
  • Statements available on request
  • Account can be ceded to the bank as collateral for loans
  • Make additional deposits at any time
  • Minimum amount required to open and maintain this account is R250 000

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Fixed Deposit Accounts (6, 9, 12 and 24 Months)

Fixed deposits allow you to invest your money for a predetermined period, either 6, 9, 12 or 24 months. Interest rate is fixed for the entire period of your investment. On maturity date your investment, with interest, will automatically be paid to a non-interest bearing account.

You have the flexible option of interest being payable monthly, quarterly or six-monthly.

  • A deposit is made for a fixed time frame, which can vary from 6 to 24 months
  • Longer term investments can be structured on request
  • Statements are available on request
  • Your interest can be paid to any Bank of Athens current or savings account or to any other bank of your choice
  • Your deposit account can be used as collateral on credit facilities and guarantees
  • You have the flexible option of interest being payable monthly, quarterly or six-monthly
  • Minimum amount required to open and maintain this account is R250 000

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Investing your Business
Overview  •   Savings & Call-Accounts  •   Notice Accounts  •   Fixed Deposit Accounts

Overview

The Bank of Athens offers a comprehensive range of investment products coupled with highly competitive interest rates. Whether you are looking for greater rewards, an income from your investment or expert advice, our Relationship Managers, backed by a highly experienced Treasury team, will assist you through the investment process.

Planned correctly, an investment account will make your money available to you when you need it and earn interest for you at a competitive rate during the selected investment period. Generally, the longer the term for which you invest, the greater the interest your money will earn.

Should you or your business need to borrow money at any time you could pledge your investment account as security.

Bank of Athens offers you various investment accounts: savings, call, notice and fixed deposits.



Savings and Call Accounts

A call / savings account gives you the option to make a deposit and withdraw your money on demand. This call account is suitable for a business and an individual and can be accessed through the Internet.

Bank statements are produced bi-annually and no service fees are levied.

  • With this account, you will always have easy access to your funds.
  • You can make additional deposits at any time.
  • Earn competitive returns.
  • Statements are available on request.
  • Minimum amount required to open and maintain this account is R1000.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Notice Accounts (32, 66 and 88 Day)

Notice Accounts provide an investment option that makes your money available to you, at an agreed number of days after you give the required written notice to withdraw.

Interest rates depend partly on the notice period you select when you open the account, either 32, 60, or 88 days. In addition, the interest rate varies from time to time with movements in the money market.

You may choose to capitalise your interest earned monthly or it can be paid out to a nominated account.

  • A low cost investment account offering great returns
  • No maximum deposit amount applicable
  • Statements available on request
  • Account can be ceded to the bank as collateral for loans
  • Make additional deposits at any time
  • Minimum amount required to open and maintain this account is R250 000

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Fixed Deposit Accounts (6, 9, 12 and 24 Months)

Fixed deposits allow you to invest your money for a predetermined period, either 6, 9, 12 or 24 months. Interest rate is fixed for the entire period of your investment. On maturity date your investment, with interest, will automatically be paid to a non-interest bearing account.

You have the flexible option of interest being payable monthly, quarterly or six-monthly.

  • A deposit is made for a fixed time frame, which can vary from 6 to 24 months
  • Longer term investments can be structured on request
  • Statements are available on request
  • Your interest can be paid to any Bank of Athens current or savings account or to any other bank of your choice
  • Your deposit account can be used as collateral on credit facilities and guarantees
  • You have the flexible option of interest being payable monthly, quarterly or six-monthly
  • Minimum amount required to open and maintain this account is R250 000

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Investing your Business
Overview  •   Savings & Call-Accounts  •   Notice Accounts  •   Fixed Deposit Accounts

Overview

The Bank of Athens offers a comprehensive range of investment products coupled with highly competitive interest rates. Whether you are looking for greater rewards, an income from your investment or expert advice, our Relationship Managers, backed by a highly experienced Treasury team, will assist you through the investment process.

Planned correctly, an investment account will make your money available to you when you need it and earn interest for you at a competitive rate during the selected investment period. Generally, the longer the term for which you invest, the greater the interest your money will earn.

Should you or your business need to borrow money at any time you could pledge your investment account as security.

Bank of Athens offers you various investment accounts: savings, call, notice and fixed deposits.



Savings and Call Accounts

A call / savings account gives you the option to make a deposit and withdraw your money on demand. This call account is suitable for a business and an individual and can be accessed through the Internet.

Bank statements are produced bi-annually and no service fees are levied.

  • With this account, you will always have easy access to your funds.
  • You can make additional deposits at any time.
  • Earn competitive returns.
  • Statements are available on request.
  • Minimum amount required to open and maintain this account is R1000.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Notice Accounts (32, 66 and 88 Day)

Notice Accounts provide an investment option that makes your money available to you, at an agreed number of days after you give the required written notice to withdraw.

Interest rates depend partly on the notice period you select when you open the account, either 32, 60, or 88 days. In addition, the interest rate varies from time to time with movements in the money market.

You may choose to capitalise your interest earned monthly or it can be paid out to a nominated account.

  • A low cost investment account offering great returns
  • No maximum deposit amount applicable
  • Statements available on request
  • Account can be ceded to the bank as collateral for loans
  • Make additional deposits at any time
  • Minimum amount required to open and maintain this account is R250 000

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Fixed Deposit Accounts (6, 9, 12 and 24 Months)

Fixed deposits allow you to invest your money for a predetermined period, either 6, 9, 12 or 24 months. Interest rate is fixed for the entire period of your investment. On maturity date your investment, with interest, will automatically be paid to a non-interest bearing account.

You have the flexible option of interest being payable monthly, quarterly or six-monthly.

  • A deposit is made for a fixed time frame, which can vary from 6 to 24 months
  • Longer term investments can be structured on request
  • Statements are available on request
  • Your interest can be paid to any Bank of Athens current or savings account or to any other bank of your choice
  • Your deposit account can be used as collateral on credit facilities and guarantees
  • You have the flexible option of interest being payable monthly, quarterly or six-monthly
  • Minimum amount required to open and maintain this account is R250 000

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Investing your Business
Overview  •   Savings & Call-Accounts  •   Notice Accounts  •   Fixed Deposit Accounts

Overview

The Bank of Athens offers a comprehensive range of investment products coupled with highly competitive interest rates. Whether you are looking for greater rewards, an income from your investment or expert advice, our Relationship Managers, backed by a highly experienced Treasury team, will assist you through the investment process.

Planned correctly, an investment account will make your money available to you when you need it and earn interest for you at a competitive rate during the selected investment period. Generally, the longer the term for which you invest, the greater the interest your money will earn.

Should you or your business need to borrow money at any time you could pledge your investment account as security.

Bank of Athens offers you various investment accounts: savings, call, notice and fixed deposits.



Savings and Call Accounts

A call / savings account gives you the option to make a deposit and withdraw your money on demand. This call account is suitable for a business and an individual and can be accessed through the Internet.

Bank statements are produced bi-annually and no service fees are levied.

  • With this account, you will always have easy access to your funds.
  • You can make additional deposits at any time.
  • Earn competitive returns.
  • Statements are available on request.
  • Minimum amount required to open and maintain this account is R1000.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Notice Accounts (32, 66 and 88 Day)

Notice Accounts provide an investment option that makes your money available to you, at an agreed number of days after you give the required written notice to withdraw.

Interest rates depend partly on the notice period you select when you open the account, either 32, 60, or 88 days. In addition, the interest rate varies from time to time with movements in the money market.

You may choose to capitalise your interest earned monthly or it can be paid out to a nominated account.

  • A low cost investment account offering great returns
  • No maximum deposit amount applicable
  • Statements available on request
  • Account can be ceded to the bank as collateral for loans
  • Make additional deposits at any time
  • Minimum amount required to open and maintain this account is R250 000

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Fixed Deposit Accounts (6, 9, 12 and 24 Months)

Fixed deposits allow you to invest your money for a predetermined period, either 6, 9, 12 or 24 months. Interest rate is fixed for the entire period of your investment. On maturity date your investment, with interest, will automatically be paid to a non-interest bearing account.

You have the flexible option of interest being payable monthly, quarterly or six-monthly.

  • A deposit is made for a fixed time frame, which can vary from 6 to 24 months
  • Longer term investments can be structured on request
  • Statements are available on request
  • Your interest can be paid to any Bank of Athens current or savings account or to any other bank of your choice
  • Your deposit account can be used as collateral on credit facilities and guarantees
  • You have the flexible option of interest being payable monthly, quarterly or six-monthly
  • Minimum amount required to open and maintain this account is R250 000

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



International Trading
Overview  •   Exchange Control  •   Offshore Investments  •   Foreign Currency Accounts  •   Forward Exchange Contracts

Letters of Credit  •   Documentary Bills for Collection  •   Cross Border Payments

Overview

There are countless reasons why you might need quick, competent and economical foreign exchange services. When you do, your best answer is always to come to Bank of Athens. Not only do we offer you every foreign exchange service you are likely to need, we also promise you competitive rates. Furthermore, Bank of Athens delivers premium same-day service.

Guidance you can trust

Foreign exchange regulations are complex and the Reserve Bank imposes severe penalties on people who fall foul of them. You need up-to-date and trustworthy advice on how to stay within the law. Since exchange rates are always fluctuating, you need to know you can trust your foreign exchange provider to get the best rates for you and direct you towards the most suitable mechanisms. These are additional reasons why you should choose Bank of Athens. We adopt a highly ethical approach to foreign exchange matters and our goal is to retain you as a satisfied customer.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Exchange Control

Rules and regulations govern all foreign exchange transactions in South Africa and the Exchange Control Department of the Reserve Bank oversees local banks’ compliance in this regard. Bank of Athens is an authorised foreign exchange dealer, which means you can rely on us to help you comply with regulations and take care of any special requests.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Offshore Investments

Should you decide to utilise your offshore investment allowance to broaden your investment exposure, Bank of Athens will remit your SARS/Exchange Control approved offshore allowance to any major country of your choice.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Foreign Currency Accounts

If you require an account that is denominated in a foreign currency, we will be pleased to open one for you in accordance with the ruling exchange control rules and regulations. Your money will earn interest at the market rates applying to the denominated currency.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Forward Exchange Contracts

Provided you have a firm and ascertainable commitment to pay for imports or receive funds for exports, Bank of Athens can arrange forward cover thereby protecting you from adverse exchange rate fluctuations.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Letters of Credit

If you want to take advantage of import/export opportunities, you may wish to make use of letters of credit. When a supplier concludes a cross border deal with a buyer and wishes to make sure the buyer can pay for the purchase, the supplier normally asks for such a letter, which is a banker’s guarantee that payment will be made. Bank of Athens will be pleased to assist you with letters of credit whether you need to issue or accept them.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Documentary Bills for Collection

These bills for collection do not guarantee payment as would a Letter of Credit, but they do offer some protection. We will be happy to tell you more about this product.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Cross Border Payments (SWIFTS)

We can settle your open account foreign payment to suppliers in any country in the world in all major currencies; we can likewise receive funds from any of your offshore counterparties in for the credit of your account in our books or at any other local bank.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



International Trading
Overview  •   Exchange Control  •   Offshore Investments  •   Foreign Currency Accounts  •   Forward Exchange Contracts

Letters of Credit  •   Documentary Bills for Collection  •   Cross Border Payments

Overview

There are countless reasons why you might need quick, competent and economical foreign exchange services. When you do, your best answer is always to come to Bank of Athens. Not only do we offer you every foreign exchange service you are likely to need, we also promise you competitive rates. Furthermore, Bank of Athens delivers premium same-day service.

Guidance you can trust

Foreign exchange regulations are complex and the Reserve Bank imposes severe penalties on people who fall foul of them. You need up-to-date and trustworthy advice on how to stay within the law. Since exchange rates are always fluctuating, you need to know you can trust your foreign exchange provider to get the best rates for you and direct you towards the most suitable mechanisms. These are additional reasons why you should choose Bank of Athens. We adopt a highly ethical approach to foreign exchange matters and our goal is to retain you as a satisfied customer.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Exchange Control

Rules and regulations govern all foreign exchange transactions in South Africa and the Exchange Control Department of the Reserve Bank oversees local banks’ compliance in this regard. Bank of Athens is an authorised foreign exchange dealer, which means you can rely on us to help you comply with regulations and take care of any special requests.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Offshore Investments

Should you decide to utilise your offshore investment allowance to broaden your investment exposure, Bank of Athens will remit your SARS/Exchange Control approved offshore allowance to any major country of your choice.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Foreign Currency Accounts

If you require an account that is denominated in a foreign currency, we will be pleased to open one for you in accordance with the ruling exchange control rules and regulations. Your money will earn interest at the market rates applying to the denominated currency.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Forward Exchange Contracts

Provided you have a firm and ascertainable commitment to pay for imports or receive funds for exports, Bank of Athens can arrange forward cover thereby protecting you from adverse exchange rate fluctuations.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Letters of Credit

If you want to take advantage of import/export opportunities, you may wish to make use of letters of credit. When a supplier concludes a cross border deal with a buyer and wishes to make sure the buyer can pay for the purchase, the supplier normally asks for such a letter, which is a banker’s guarantee that payment will be made. Bank of Athens will be pleased to assist you with letters of credit whether you need to issue or accept them.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Documentary Bills for Collection

These bills for collection do not guarantee payment as would a Letter of Credit, but they do offer some protection. We will be happy to tell you more about this product.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Cross Border Payments (SWIFTS)

We can settle your open account foreign payment to suppliers in any country in the world in all major currencies; we can likewise receive funds from any of your offshore counterparties in for the credit of your account in our books or at any other local bank.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



International Trading
Overview  •   Exchange Control  •   Offshore Investments  •   Foreign Currency Accounts  •   Forward Exchange Contracts

Letters of Credit  •   Documentary Bills for Collection  •   Cross Border Payments

Overview

There are countless reasons why you might need quick, competent and economical foreign exchange services. When you do, your best answer is always to come to Bank of Athens. Not only do we offer you every foreign exchange service you are likely to need, we also promise you competitive rates. Furthermore, Bank of Athens delivers premium same-day service.

Guidance you can trust

Foreign exchange regulations are complex and the Reserve Bank imposes severe penalties on people who fall foul of them. You need up-to-date and trustworthy advice on how to stay within the law. Since exchange rates are always fluctuating, you need to know you can trust your foreign exchange provider to get the best rates for you and direct you towards the most suitable mechanisms. These are additional reasons why you should choose Bank of Athens. We adopt a highly ethical approach to foreign exchange matters and our goal is to retain you as a satisfied customer.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Exchange Control

Rules and regulations govern all foreign exchange transactions in South Africa and the Exchange Control Department of the Reserve Bank oversees local banks’ compliance in this regard. Bank of Athens is an authorised foreign exchange dealer, which means you can rely on us to help you comply with regulations and take care of any special requests.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Offshore Investments

Should you decide to utilise your offshore investment allowance to broaden your investment exposure, Bank of Athens will remit your SARS/Exchange Control approved offshore allowance to any major country of your choice.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Foreign Currency Accounts

If you require an account that is denominated in a foreign currency, we will be pleased to open one for you in accordance with the ruling exchange control rules and regulations. Your money will earn interest at the market rates applying to the denominated currency.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Forward Exchange Contracts

Provided you have a firm and ascertainable commitment to pay for imports or receive funds for exports, Bank of Athens can arrange forward cover thereby protecting you from adverse exchange rate fluctuations.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Letters of Credit

If you want to take advantage of import/export opportunities, you may wish to make use of letters of credit. When a supplier concludes a cross border deal with a buyer and wishes to make sure the buyer can pay for the purchase, the supplier normally asks for such a letter, which is a banker’s guarantee that payment will be made. Bank of Athens will be pleased to assist you with letters of credit whether you need to issue or accept them.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Documentary Bills for Collection

These bills for collection do not guarantee payment as would a Letter of Credit, but they do offer some protection. We will be happy to tell you more about this product.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Cross Border Payments (SWIFTS)

We can settle your open account foreign payment to suppliers in any country in the world in all major currencies; we can likewise receive funds from any of your offshore counterparties in for the credit of your account in our books or at any other local bank.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



International Trading
Overview  •   Exchange Control  •   Offshore Investments  •   Foreign Currency Accounts  •   Forward Exchange Contracts

Letters of Credit  •   Documentary Bills for Collection  •   Cross Border Payments

Overview

There are countless reasons why you might need quick, competent and economical foreign exchange services. When you do, your best answer is always to come to Bank of Athens. Not only do we offer you every foreign exchange service you are likely to need, we also promise you competitive rates. Furthermore, Bank of Athens delivers premium same-day service.

Guidance you can trust

Foreign exchange regulations are complex and the Reserve Bank imposes severe penalties on people who fall foul of them. You need up-to-date and trustworthy advice on how to stay within the law. Since exchange rates are always fluctuating, you need to know you can trust your foreign exchange provider to get the best rates for you and direct you towards the most suitable mechanisms. These are additional reasons why you should choose Bank of Athens. We adopt a highly ethical approach to foreign exchange matters and our goal is to retain you as a satisfied customer.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Exchange Control

Rules and regulations govern all foreign exchange transactions in South Africa and the Exchange Control Department of the Reserve Bank oversees local banks’ compliance in this regard. Bank of Athens is an authorised foreign exchange dealer, which means you can rely on us to help you comply with regulations and take care of any special requests.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Offshore Investments

Should you decide to utilise your offshore investment allowance to broaden your investment exposure, Bank of Athens will remit your SARS/Exchange Control approved offshore allowance to any major country of your choice.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Foreign Currency Accounts

If you require an account that is denominated in a foreign currency, we will be pleased to open one for you in accordance with the ruling exchange control rules and regulations. Your money will earn interest at the market rates applying to the denominated currency.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Forward Exchange Contracts

Provided you have a firm and ascertainable commitment to pay for imports or receive funds for exports, Bank of Athens can arrange forward cover thereby protecting you from adverse exchange rate fluctuations.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Letters of Credit

If you want to take advantage of import/export opportunities, you may wish to make use of letters of credit. When a supplier concludes a cross border deal with a buyer and wishes to make sure the buyer can pay for the purchase, the supplier normally asks for such a letter, which is a banker’s guarantee that payment will be made. Bank of Athens will be pleased to assist you with letters of credit whether you need to issue or accept them.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Documentary Bills for Collection

These bills for collection do not guarantee payment as would a Letter of Credit, but they do offer some protection. We will be happy to tell you more about this product.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Cross Border Payments (SWIFTS)

We can settle your open account foreign payment to suppliers in any country in the world in all major currencies; we can likewise receive funds from any of your offshore counterparties in for the credit of your account in our books or at any other local bank.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



International Trading
Overview  •   Exchange Control  •   Offshore Investments  •   Foreign Currency Accounts  •   Forward Exchange Contracts

Letters of Credit  •   Documentary Bills for Collection  •   Cross Border Payments

Overview

There are countless reasons why you might need quick, competent and economical foreign exchange services. When you do, your best answer is always to come to Bank of Athens. Not only do we offer you every foreign exchange service you are likely to need, we also promise you competitive rates. Furthermore, Bank of Athens delivers premium same-day service.

Guidance you can trust

Foreign exchange regulations are complex and the Reserve Bank imposes severe penalties on people who fall foul of them. You need up-to-date and trustworthy advice on how to stay within the law. Since exchange rates are always fluctuating, you need to know you can trust your foreign exchange provider to get the best rates for you and direct you towards the most suitable mechanisms. These are additional reasons why you should choose Bank of Athens. We adopt a highly ethical approach to foreign exchange matters and our goal is to retain you as a satisfied customer.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Exchange Control

Rules and regulations govern all foreign exchange transactions in South Africa and the Exchange Control Department of the Reserve Bank oversees local banks’ compliance in this regard. Bank of Athens is an authorised foreign exchange dealer, which means you can rely on us to help you comply with regulations and take care of any special requests.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Offshore Investments

Should you decide to utilise your offshore investment allowance to broaden your investment exposure, Bank of Athens will remit your SARS/Exchange Control approved offshore allowance to any major country of your choice.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Foreign Currency Accounts

If you require an account that is denominated in a foreign currency, we will be pleased to open one for you in accordance with the ruling exchange control rules and regulations. Your money will earn interest at the market rates applying to the denominated currency.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Forward Exchange Contracts

Provided you have a firm and ascertainable commitment to pay for imports or receive funds for exports, Bank of Athens can arrange forward cover thereby protecting you from adverse exchange rate fluctuations.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Letters of Credit

If you want to take advantage of import/export opportunities, you may wish to make use of letters of credit. When a supplier concludes a cross border deal with a buyer and wishes to make sure the buyer can pay for the purchase, the supplier normally asks for such a letter, which is a banker’s guarantee that payment will be made. Bank of Athens will be pleased to assist you with letters of credit whether you need to issue or accept them.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Documentary Bills for Collection

These bills for collection do not guarantee payment as would a Letter of Credit, but they do offer some protection. We will be happy to tell you more about this product.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Cross Border Payments (SWIFTS)

We can settle your open account foreign payment to suppliers in any country in the world in all major currencies; we can likewise receive funds from any of your offshore counterparties in for the credit of your account in our books or at any other local bank.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



International Trading
Overview  •   Exchange Control  •   Offshore Investments  •   Foreign Currency Accounts  •   Forward Exchange Contracts

Letters of Credit  •   Documentary Bills for Collection  •   Cross Border Payments

Overview

There are countless reasons why you might need quick, competent and economical foreign exchange services. When you do, your best answer is always to come to Bank of Athens. Not only do we offer you every foreign exchange service you are likely to need, we also promise you competitive rates. Furthermore, Bank of Athens delivers premium same-day service.

Guidance you can trust

Foreign exchange regulations are complex and the Reserve Bank imposes severe penalties on people who fall foul of them. You need up-to-date and trustworthy advice on how to stay within the law. Since exchange rates are always fluctuating, you need to know you can trust your foreign exchange provider to get the best rates for you and direct you towards the most suitable mechanisms. These are additional reasons why you should choose Bank of Athens. We adopt a highly ethical approach to foreign exchange matters and our goal is to retain you as a satisfied customer.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Exchange Control

Rules and regulations govern all foreign exchange transactions in South Africa and the Exchange Control Department of the Reserve Bank oversees local banks’ compliance in this regard. Bank of Athens is an authorised foreign exchange dealer, which means you can rely on us to help you comply with regulations and take care of any special requests.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Offshore Investments

Should you decide to utilise your offshore investment allowance to broaden your investment exposure, Bank of Athens will remit your SARS/Exchange Control approved offshore allowance to any major country of your choice.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Foreign Currency Accounts

If you require an account that is denominated in a foreign currency, we will be pleased to open one for you in accordance with the ruling exchange control rules and regulations. Your money will earn interest at the market rates applying to the denominated currency.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Forward Exchange Contracts

Provided you have a firm and ascertainable commitment to pay for imports or receive funds for exports, Bank of Athens can arrange forward cover thereby protecting you from adverse exchange rate fluctuations.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Letters of Credit

If you want to take advantage of import/export opportunities, you may wish to make use of letters of credit. When a supplier concludes a cross border deal with a buyer and wishes to make sure the buyer can pay for the purchase, the supplier normally asks for such a letter, which is a banker’s guarantee that payment will be made. Bank of Athens will be pleased to assist you with letters of credit whether you need to issue or accept them.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Documentary Bills for Collection

These bills for collection do not guarantee payment as would a Letter of Credit, but they do offer some protection. We will be happy to tell you more about this product.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Cross Border Payments (SWIFTS)

We can settle your open account foreign payment to suppliers in any country in the world in all major currencies; we can likewise receive funds from any of your offshore counterparties in for the credit of your account in our books or at any other local bank.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



International Trading
Overview  •   Exchange Control  •   Offshore Investments  •   Foreign Currency Accounts  •   Forward Exchange Contracts

Letters of Credit  •   Documentary Bills for Collection  •   Cross Border Payments

Overview

There are countless reasons why you might need quick, competent and economical foreign exchange services. When you do, your best answer is always to come to Bank of Athens. Not only do we offer you every foreign exchange service you are likely to need, we also promise you competitive rates. Furthermore, Bank of Athens delivers premium same-day service.

Guidance you can trust

Foreign exchange regulations are complex and the Reserve Bank imposes severe penalties on people who fall foul of them. You need up-to-date and trustworthy advice on how to stay within the law. Since exchange rates are always fluctuating, you need to know you can trust your foreign exchange provider to get the best rates for you and direct you towards the most suitable mechanisms. These are additional reasons why you should choose Bank of Athens. We adopt a highly ethical approach to foreign exchange matters and our goal is to retain you as a satisfied customer.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Exchange Control

Rules and regulations govern all foreign exchange transactions in South Africa and the Exchange Control Department of the Reserve Bank oversees local banks’ compliance in this regard. Bank of Athens is an authorised foreign exchange dealer, which means you can rely on us to help you comply with regulations and take care of any special requests.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Offshore Investments

Should you decide to utilise your offshore investment allowance to broaden your investment exposure, Bank of Athens will remit your SARS/Exchange Control approved offshore allowance to any major country of your choice.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Foreign Currency Accounts

If you require an account that is denominated in a foreign currency, we will be pleased to open one for you in accordance with the ruling exchange control rules and regulations. Your money will earn interest at the market rates applying to the denominated currency.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Forward Exchange Contracts

Provided you have a firm and ascertainable commitment to pay for imports or receive funds for exports, Bank of Athens can arrange forward cover thereby protecting you from adverse exchange rate fluctuations.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Letters of Credit

If you want to take advantage of import/export opportunities, you may wish to make use of letters of credit. When a supplier concludes a cross border deal with a buyer and wishes to make sure the buyer can pay for the purchase, the supplier normally asks for such a letter, which is a banker’s guarantee that payment will be made. Bank of Athens will be pleased to assist you with letters of credit whether you need to issue or accept them.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Documentary Bills for Collection

These bills for collection do not guarantee payment as would a Letter of Credit, but they do offer some protection. We will be happy to tell you more about this product.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Cross Border Payments (SWIFTS)

We can settle your open account foreign payment to suppliers in any country in the world in all major currencies; we can likewise receive funds from any of your offshore counterparties in for the credit of your account in our books or at any other local bank.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



International Trading
Overview  •   Exchange Control  •   Offshore Investments  •   Foreign Currency Accounts  •   Forward Exchange Contracts

Letters of Credit  •   Documentary Bills for Collection  •   Cross Border Payments

Overview

There are countless reasons why you might need quick, competent and economical foreign exchange services. When you do, your best answer is always to come to Bank of Athens. Not only do we offer you every foreign exchange service you are likely to need, we also promise you competitive rates. Furthermore, Bank of Athens delivers premium same-day service.

Guidance you can trust

Foreign exchange regulations are complex and the Reserve Bank imposes severe penalties on people who fall foul of them. You need up-to-date and trustworthy advice on how to stay within the law. Since exchange rates are always fluctuating, you need to know you can trust your foreign exchange provider to get the best rates for you and direct you towards the most suitable mechanisms. These are additional reasons why you should choose Bank of Athens. We adopt a highly ethical approach to foreign exchange matters and our goal is to retain you as a satisfied customer.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Exchange Control

Rules and regulations govern all foreign exchange transactions in South Africa and the Exchange Control Department of the Reserve Bank oversees local banks’ compliance in this regard. Bank of Athens is an authorised foreign exchange dealer, which means you can rely on us to help you comply with regulations and take care of any special requests.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Offshore Investments

Should you decide to utilise your offshore investment allowance to broaden your investment exposure, Bank of Athens will remit your SARS/Exchange Control approved offshore allowance to any major country of your choice.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Foreign Currency Accounts

If you require an account that is denominated in a foreign currency, we will be pleased to open one for you in accordance with the ruling exchange control rules and regulations. Your money will earn interest at the market rates applying to the denominated currency.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Forward Exchange Contracts

Provided you have a firm and ascertainable commitment to pay for imports or receive funds for exports, Bank of Athens can arrange forward cover thereby protecting you from adverse exchange rate fluctuations.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Letters of Credit

If you want to take advantage of import/export opportunities, you may wish to make use of letters of credit. When a supplier concludes a cross border deal with a buyer and wishes to make sure the buyer can pay for the purchase, the supplier normally asks for such a letter, which is a banker’s guarantee that payment will be made. Bank of Athens will be pleased to assist you with letters of credit whether you need to issue or accept them.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Documentary Bills for Collection

These bills for collection do not guarantee payment as would a Letter of Credit, but they do offer some protection. We will be happy to tell you more about this product.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



Cross Border Payments (SWIFTS)

We can settle your open account foreign payment to suppliers in any country in the world in all major currencies; we can likewise receive funds from any of your offshore counterparties in for the credit of your account in our books or at any other local bank.

For more information, please contact your Relationship Manager or contact us via our call centre or email address.



About Us
History & Business Approach  •   Reporting  •   Leadership Team  •   The NBG Group

Partners  •   Outlets  •   Careers

History and Business Approach

The South African Bank of Athens Limited is focused on delivering world class banking services to the medium-sized business market in South Africa.

A truly South African bank, it was established and has been operating in this country since 1947. The bank’s primary focus is the delivery of core banking services to businesses with an annual turnover above R10 million. These services include the cornerstones of business banking – lending, transactional banking, treasury and foreign exchange.

The bank currently has business banking suites in Gauteng, Western Cape, Eastern Cape and Kwazulu-Natal.

The primary benefit offered is the ability to specialise in the financial and banking needs of medium-sized businesses, providing exceptional customer service through highly skilled and experienced relationship managers offering service levels usually reserved for large corporates. Our relationship managers each run small portfolios, allowing a significantly higher level of customer contact and involvement, as well as unmatched speed in decision-making.

The bank has principle clearing bank status, and it is a Registered Credit Provider and an Authorised Financial Services Provider.

Specialties

Business Banking including transactional banking, lending (commercial property, asset finance, term lending, overdrafts and working capital), treasury and foreign exchange services.



Leadership Team

Spiro Georgopoulos
Chief Executive Officer
BCom (Honours) (Wits), MBA (Carnegie Mellon USA)
Spiro joined the South African Bank of Athens (SABA) in 2010 after holding several executive roles at Standard Bank and PricewaterhouseCoopers. During his tenure at Standard Bank, Spiro established the business banking strategy, successfully led the Vehicle and Asset finance division and took executive responsibility for sales in Personal and Business Banking. Spiro's appointment as CEO saw SABA change its focus from broad retail banking to a focus on medium business banking. This has resulted in a significant turnaround of the business.
Darryl Adriaanzen
Head: Customer Strategy
BCom (Pretoria), SMP (Pretoria)
Darryl has over 15 years' experience in financial services with most of that time focussed on channel, sales and marketing management in personal and business banking roles. This experience includes roles at Investec, PricewaterhouseCoopers and most recently at Standard Bank. He joined SABA in August 2011 as Head: Customer Strategy and is responsible for the Bank's customer facing operations including alliance partners and joint ventures.
Paul de Bruyn
Head: Banking Channels
BCom (Honours) (Potch), MBA (Potch)
A highly experienced banker, Paul's more than 20 years of banking experience has been gained in sales, customer service, banking operations and channel management. Upon joining the Bank in 2006, Paul assumed overall responsibility for and leadership of the Bank's sales, relationship management and distribution channel functions. His experience prior to joining SABA, was gained leading sales, distribution and branch banking teams at ABSA and FNB, dealing with the retail markets and the broad business banking market.
Cessy Frazao
Head: Human Resources
BA (UNISA)
Cessy's HR experience and qualifications are complimented by a broad background in banking and financial services. While Cessy has more than 11 years of experience in HR in the banking industry, she also has substantial industry knowledge through experience gained in credit, administration, marketing and treasury functions in financial services. Cessy has been part of the Bank's HR team since 2000 and has been responsible for the leadership of that team since 2009.
David Haarhoff
Head: Risk
MBA (Oxford Brookes London), MDP (Stellenbosch), SMDP (Wits), CAIB (IOB), Post Graduate Diploma in Compliance Management (Johannesburg), Internal Audit Certificate (Pretoria)
With more than 30 year's banking experience, David has extensive knowledge of both branch operations and the risk portfolio. Prior to joining SABA in 2009, David spent more than 27 years at Nedbank Ltd. in branch banking, risk and compliance roles. David joined SABA in 2009 as Head: Risk and in 2011 took on an expanded role encompassing leadership of the GRC cluster (risk, credit, compliance, legal and internal audit).
Hermann Krull
Head: Compliance and Legal
BA (Pretoria), LLB (Pretoria)
Formerly Assistant General Counsel at the Reserve Bank of South Africa and Adjunct Professor in Banking Law and Financial Sector Integrity at Case Western Reserve University School of Law, Hermann has led the Legal and Compliance division at SABA since joining in 2010. He started his legal career as a public prosecutor, and later as State Advocate, with the South African Justice Department. Subsequently, Hermann held several roles at the South African Reserve Bank including Division Head: Bank Supervision. Hermann's experience includes the role of Senior Counsel of the International Monetary Fund (IMF) and Director: Group Compliance, of The Standard Bank Group. Hermann was admitted as Advocate of the High Court of South Africa in 1989 and is a Certified Compliance Practitioner.
Andre de Lange
Head: Internal Audit
BCom (Johannesburg), Dip IT (Johannesburg), CIA, CCSA
Andre has gathered experience in the fields of financial, operational and information systems internal control, risk management and process improvement over more than 19 years. His exposure to a broad range of industries includes FMCG, Financial services (retail and short term credit, long term insurance, employee benefits, asset management and banking) and Freight logistics. Andre joined the Bank in 2010, taking responsibility for the Internal Audit function from that date.
Chrisanthi Michaelides
Chief Financial Officer
BCom (Wits), BAcc (Wits), CA(SA)
A qualified CA(SA) with more than 15 years of experience in the financial services industry, Chrisanthi joined the Bank as Chief Financial Officer in 2012. Her background in financial services has been gained at Liberty Life, HSBC, Rand Merchant Bank, Fintech and most recently as Finance Director at AC Nielsen South Africa.
Sanjay Persad
Head: Operations
Sanjay has extensive experience in banking operations including branch management and operations, internal audit and forensics. After joining the Bank in 1994 as a Teller, Sanjay has acquired experience throughout the operational and risk areas of the business, culminating is his current role as Head: Operations. In this role, Sanjay is responsible for process management, premises and leasing management and logistics. Sanjay also takes responsibility for SABA's clearing and payments operations and is the Bank's primary representative to the Payments Association of South Africa (PASA).
Enzo Pietropaolo
Head: Treasury
SMP (Potchefstroom), Diploma in Derivatives (Amsterdam)
Enzo took over the leadership of the Treasury functions at SABA after gathering more than 35 years of experience in the financial services industry. His experience has been gained at institutions like First National Bank, ABN Amro, PSG Investment Bank and most recently Sasfin Bank where he filled the role of General Manager, International Treasury. Enzo joined the SABA team in 2010 and has responsibility for both the Treasury and the International Banking Division.
Roy Scott
Head: Credit
BCom (Wits), CAIB (IOB)
The Bank's hands-on approach to credit is supported by Roy's enormous experience in branch banking, business banking and credit spanning across more than 25 years. With a comprehensive background of branch management, general credit management, specialised lending and commercial lending established at Standard Bank, Roy joined SABA in 2003 as a Senior Credit Manager. In 2007, Roy took over full responsibility for the leadership of the Bank's credit functions.
Nico Vlok
Head: Information Systems
BCom (Pretoria)
With background in the consulting and financial services industries, Nico's experience at Accenture and as Head of IT at the Bond Exchange of South Africa have equipped him to lead the renewal of SABA's IT strategy. After joining the Bank in 2010, Nico initiated the Bank's current program to replace the Bank's core systems, taking the organisation to the forefront of banking technology.


The NBG Group

SABA is a member of the National Bank of Greece Group (NBG Group). National Bank, with dominant presence in the Greek banking market and strong profile in South East Europe and the Eastern Mediterranean, leads the largest and strongest financial group in Greece.

The NBG Group is the first Greek financial institution to successfully introduce its shares on the NYSE in 1999.

NBG Group offers a wide range of financial products and services that meet the ever changing needs of businesses and individuals such as deposits, business investment, finance, brokerage, insurance, leasing and factoring.

The Group operates in 12 countries and controls (apart from NBG itself) 8 banks and 58 companies providing financial and other services, with a workforce of 34,557 employees. It has the widest distribution network of products and services of any Greek bank internationally (1,131 units) and the most complete network in Greece with 528 branches and 1,383 ATMs (data as of 3/31/2012).

The NBG Group aims to maintain its leading position in Greece and its dynamic presence internationally, operating with commitment, consistency and transparency for the benefit of the customer, the shareholder, the employee and, last but not least, with responsibility towards society.

www.nbg.gr



Partners


Surebank

SureBank is a division of The South African Bank of Athens Limited, managed by SureCard Financial Enabler (Pty) Ltd.

SureBank believes in the harnessing of technology to deliver creative financial products that meaningfully address one of the biggest banking issues in the South African market, i.e. the cost of banking.

SureBank offers transactional accounts and savings products tailor-made for the broader South African community. While it does not provide lending products directly, it acts as an enabling platform to other companies providing lending and financial services to the community.

There are several thousand SureBank Account holders around the country and these numbers grow on a continuous basis.

www.surebank.co.za


Wizzit

Wizzit Payment Systems (Pty) Ltd is a division of The South African Bank of Athens Ltd.

Cell phone and debit card based, Wizzit, which regards itself as a "bank in your pocket", essentially provides banking facilities and access to the unbanked / under-banked.

As Wizzit has no branch infrastructure, support for Wizzit customers is supplied by a call centre appropriately called "World of Wizzit" Marketing is done by WizzKids. Importantly, various partners and systems are in place to make delivery of the Wizzit bank account possible.

Since its formation in 2004, the Wizzit division has grown substantially and now services several thousand customers around South Africa and has strong potential for future growth.

www.wizzit.co.za



Outlets

The South African Bank of Athens (SABA) is able to offer the full range of business banking solutions throughout South Africa.

Relationship management is at the core of the SABA business and this is delivered by a team of highly experienced relationship and business development managers. Because of our business banking focus, we know that business owners rarely have the time to spend at banking premises which is why our team generally consults at the customers’ premises.

Should a customer prefer to engage at our premises, SABA maintains a network that consists of 7 business suites in Gauteng, Western Cape, Eastern Cape and KwaZulu-Natal. These suites are professional consulting environments for customer interaction and servicing.

Lastly, the logistics of handling cash on a daily basis often requires local facilities close to a customer’s business premises. Through our partnerships with ABSA and G4S, we are able to offer branch banking and cash centre facilities at over 700 traditional retail banking branches and cash centres countrywide. We also offer one of the most comprehensive ranges of cash-in-transit (CIT) and onsite automated banking devices (cash boxes) in the market.



Careers

The South African Bank of Athens Limited is focused on delivering world class banking services to the medium-sized business market in South Africa.

We are a truly South African bank, operating since 1947. Our primary focus is the delivery of core banking services to businesses with an annual turnover above R10 million. These services include the cornerstones of business banking – lending, transactional banking, treasury and foreign exchange.

We are always on the lookout for experienced and talented business bankers. Please browse the available jobs listed on this page, or email us your CV at

careers@bankofathens.co.za



About Us
SABA Blog  •   SABA Blog Archive  •   Press Releases
About Us
Interest Rates  •   Savings and Investments   •   Pricing Guide

Interest Rates


The current prime lending rate is 9.25%.


Savings and Investments

Deposit Rates


SAVINGS / CALL A/C's
FROM TO Int. Monthly
R 0.00 R 99 999.99 1.25 %
R100 000.00 R 249 999.99 3.00 %
R 250 000.00
R 499 999.99 3.85 %
R 500 000.00 R 999 999.99 4.25 %
ABOVE R1 000 000.00 5.35 %

32 DAY NOTICE DEPOSIT
Minimum Deposit of R250 000
FROM TO Interest payable at maturity
R 250 000.00
R 499 999.99 4.25 %
R 500 000.00 R 999 999.99 4.65 %
ABOVE R1 000 000.00 5.50 %

88 DAY NOTICE DEPOSIT
Minimum Deposit of R250 000
FROM TO Interest payable at maturity
R 250 000.00
R 499 999.99 4.35 %
R 500 000.00 R 999 999.99 4.85 %
ABOVE R1 000 000.00 5.60 %

6 MONTHS FIXED DEPOSIT
Minimum Deposit of R250 000
FROM TO Interest payable at maturity
R 250 000.00
R 499 999.99 4.55 %
R 500 000.00 R 999 999.99 5.00 %
ABOVE R1 000 000.00 5.85 %

9 MONTHS FIXED DEPOSIT
Minimum Deposit of R250 000
FROM TO Interest payable at maturity
R 250 000.00
R 499 999.99 4.85 %
R 500 000.00 R 999 999.99 5.25 %
ABOVE R1 000 000.00 6.05 %

12 MONTHS FIXED DEPOSIT
Minimum Deposit of R250 000
FROM TO Interest payable at maturity
R 250 000.00
R 499 999.99 5.25 %
R 500 000.00 R 999 999.99 5.75 %
ABOVE R1 000 000.00 6.25 %



Pricing Guide


Monthly Fees (Incl. VAT)
Monthly Current Account Fees
  • Individuals
  • Business
R57.00
R114.00
Internet Banking Subscription
  • Individuals
  • Business
R24.00
R100.00
APS Subscription FeeR200.00
Deposit Fees (Incl. VAT)
Cash Deposit Fee (over the counter) R5.30 + R1.40 per R100.00
Cheque Deposit Fee R16.50
Special Presentation
  • Standard Request
  • Late Request
R85.50
R146.50
Cheque Deposit Unpaid R97.00
Withdrawal Fees (Incl. VAT)
Branch R17.00 + R1.45 per R100 (maximum R1710.00)
Cheque Encashment

R17.00 + R1.45 per R100.00 (maximum R1710.00)
ATM Cash Withdrawal
  • Local ATM
  • International ATM
R11.00 + R1.30 per R100.00
R58.50
Cash Back with Purchase Free
Account Payments, Transfers and Purchases (Incl. VAT)
Bank Cheque R75.00
Cheque Marked for Payment R105.00
Service Fee
  • Cheque Payment/Processing
  • Debit Order
R8.00 + R2.60 per R100.00 (maximum R50.00)
R8.30 + R2.60 per R100.00 (maximum R50.00)
Stop Order
  • Internal
  • External
R5.90
R22.50
Accounts Payments at Branch R50.00
Point of Sale Purchase
  • Local
  • International
R4.70
R28.50
Internet Banking - Internal Transfer
  • Individuals
  • Business
R4.00
R6.30
Internet Banking - Electronic Payments
  • Individuals


  • Business
R6.80 (Up to R1000.00)
R13.70 (R1000.00 plus)

R6.80 (Up to R1000.00)
R17.10 (R1000.00 plus)
Athena Payment System (Bulk Payments)
  • 1 - 200
  • 201 - 500
  • 501 - 1000
  • 1001 - and over
R9.10
R7.40
R6.00
R4.60
Statements and Enquiries (Incl. VAT)
E - Statement Free
Posted Statement
  • Monthly
  • Fortnightly
R10.00
R15.00
Statement over the Counter R18.00 per page
Archived Statements (older than 6 months) R24.50 per page
Internet Banking Statements Free
Balance Enquiry
  • Over the Counter
  • ATM
Free
R4.80
Other Fees (Incl. VAT)
Deposit Book R85.50
Stop Payment R70.00
Cheque Books
  • 40's
  • 100's
  • 200's
  • Select
R45.60
R120.00
R182.50
R25.00
Notifications and Reminders (sms/email only) R0.85
Dishounor Fee R156.00
Honouring Fee R156.00
Decline Transactions
  • ATM - Local
  • ATM - International
  • POS Purchase
R5.70
R8.00
R2.85
Card Issues
  • First Card
  • Replacement Card
Free
R62.50
Telefax Charges
  • Local
  • International
R17.00
R73.00
Document Retrieval Fee R57.00
Auditors Certificate R360.00
Viewing of Video Tapes (Cash Centres) R300.00
Electronic Banking
  • Training (per hour)
  • Call Out Fee
  • Reset of Daily Password
R370.00
R370.00
Free
Unpaids/Reversals R250.00
About Us
Asset Finance Calculator  •   Home Loan Calculator  •   Investment Calculator

Asset Finance Calculator


Article Price: (Incl. VAT)
Deposit:
Trade In:
Loan Amount:
Interest: %
Residual: %
  Value
Terms: Months
Extra Payment:
Payment Frequency:
 
 

Payment: (Incl. VAT)


How to use the calculator
Key in all the applicable fields to your personal situation. Select the term required up to a maximum of 60 months, and click on the "Calculate" button.

What will this calculate?
Calculates the monthly repayment applicable to your loan.

Disclaimer
Whilst every effort has been made to ensure accuracy, no responsibility can be accepted for errors or omissions however caused by the use of material in this programme. No responsibility for any loss occasioned to any person acting or refraining from action as a result of material in this programme is accepted by The South African Bank of Athens Ltd


Home Loan Calculator


Gross Monthly Income (Rand)
Interest Rate (% per annum)
Repayment Term (# months)
 


Monthly Instalment
Maximum Home Loan Amount (Rand)



*The Maximum Home Loan Amount indicated may vary
according to your personal financial situation.



HOW TO USE THE CALCULATOR
Key in your monthly gross income (single or joint). Key in the home loan interest rate you qualify for. Key in the number of months that you would like to repay your bond (this may vary between 20, 25 and 30 years e.g. 20 years = 240 months). Click on the ?Calculate? button.


WHAT WILL THIS CALCULATE?
Calculates the maximum home loan that you can afford and what the monthly repayment will be.


DISCLAIMER
Whilst every effort has been made to ensure accuracy, no responsibility can be accepted for errors or omissions however caused by the use of material in this programme. No responsibility for any loss occasioned to any person acting or refraining from action as a result of material in this programme is accepted by The South African Bank of Athens Ltd
.

Investment Calculator


Capital Investment Amount (Rand)
Nominal Monthly Interest Rate (%)
Term of Investment (# months)
   
 


Total Amount (Rand)
Interest (Rand)
   

How to use the calculator
Fill in the amount of capital you have to invest, the rate of interest you expect to earn on your capital and the number of months that you can invest the capital for.The calculator will now determine the Rand value return or capital growth you will receive.

What will this calculate?
If you have got a lump sum to invest, this calculator will determine the Rand value of your investment at the end of the selected term.

Disclaimer
Whilst every effort has been made to ensure accuracy, no responsibility can be accepted for errors or omissions however caused by the use of material in this programme. No responsibility for any loss occasioned to any person acting or refraining from action as a result of material in this programme is accepted by The South African Bank of Athens Ltd.


About Us
Customer Care  •   Complaints Management  •   Safety Tips  •   Whistle Blowing  •   Consumer Protection Act

Customer Care

At The South African Bank of Athens we believe that the customer is our first and foremost priority. We have built our business model around exceptional customer service delivered through a single point of contact – the Relationship Manager.

Our relationship management team is made up of highly experienced and skilled bankers who provide a single point of contact for business banking customers. These individuals are focused on providing a high-touch customer experience and they are backed up by a strong support team at each of our business banking suites.

In addition to a primary point of contact – your relationship manager – customers have access to alternative contact channels for service support. Our web site, business banking suites, call centre number and email contact are all available to provide the customer support and service you need.



Complaints Management

If you have a complaint, we would encourage you to contact your relationship manager directly for assistance. In addition to your relationship manager, each of our business suites has a Customer Support Manager / Supervisor who can also provide assistance in resolving any complaints.

Should your relationship manager or business suite not be able to resolve your complaint, please contact our Customer Care Centre at our Head Office on (011) 634-4397.

Our complaints management process:
  • We will immediately acknowledge and log your complaint in our complaints processing system. You will be provided with a reference number.
  • We will provide you with feedback on the status of your complaint(s) within 24 hours from logging and daily thereafter until satisfactorily resolved.
  • We will investigate your complaint thoroughly.
  • We will treat your complaint in a confidential manner.
  • We will provide you with written feedback once we have investigated the matter fully.

The Ombudsman for Banking Services

If we are unable to resolve a complaint in a satisfactory manner, customers have the option to approach the Ombudsman for Banking Services for further assistance. Should you wish to make use of this service, we will gladly assist you by providing all relevant details of the complaint to you.

Contact Details:

<
The Ombudsman for Banking Services:

Physical Location: 1st Floor, Houghton Place, 51 West Street, Houghton, 2198.
Postal Address: P.O. Box 87056, Houghton. 2041.
Telephone Number: +27 11 712 1800
Share call: +27 860 800 900
Fax Number: +27 11 483 3212
Website: www.obssa.co.za
E-mail: info@obssa.co.za


Financial Advice and Intermediary Services (FAIS) Ombudsman: (in respect of investment and deposit related matters)

Physical Location: Ground Floor, Baobab House, Eastwood Office Park
Cnr. Lynnwood & Jacobson Drive, Lynnwood Ridge, 0081
Postal Address: P.O. Box 74571
Lynwood Ridge
0040
Telephone Number: +27 12 470 9080
Share call: +27 860 324 766
Fax Number: +27 12 348 3447
Website: www.faisombud.co.za
E-mail: info@faisombud.co.za


Credit Information Ombudsman:

Postal Address:
Postnet Suite #444
Private Bag 1
Jukskei Park
2153
Telephone Number: +27 861 662837 or +27 860 800 900
Fax Number: +27 86 678 9147
E-mail Address: ombud@creditombud.org.za
Website: www.creditombud.org.za



Safety Tips

We have put together a simple set of guidelines to assist you in managing your accounts that could help in protecting you from criminal and fraudulent activity. As always, the most important aspect is vigilance.

Cheque Security

One of the more frequent means by which customers are defrauded is by cheque interception. On average, a cheque is handled by up to 20 people from the time you make it out to the time your branch pays it. This means that there are numerous opportunities for the cheque to be intercepted. This happens most commonly when cheques are posted.

Another common way in which customers are defrauded is when accepting a cheque or bank deposits when selling goods. Often the cheque or the deposit turns out to be fraudulent, resulting in the seller losing both the goods and the payment. We would strongly advise that you never release goods until you are certain that the payment is valid.

Always wait for the funds to be cleared before releasing goods, even if it seems to be a bank issued cheque. While the cheque may appear to be genuine, it could be forged or stolen.

Never accept a faxed bank deposit slip as proof of payment. Amounts and details can easily be changed to reflect a higher value. Check with your bank first that the correct amount has been deposited and whether the deposit is cash or cheque. If it is a cheque deposit, wait until the cheque has been paid (usually this will take seven days) before you release goods.

Some Sensible Safety Tips:
  • The person writing out a cheque should always attempt to use a ballpoint pen instead of making use of pens with more erasable inks like fountain pens.
  • To prevent unauthorised additions and/or alterations, commence all writing as close as possible to the left-hand margin, leaving no gaps and drawing a line through unused spaces.
  • If you don’t want your cheque to be cashed, ensure that it is crossed so that it can only be paid into the intended beneficiary’s account. The cheque should be marked with the words "Not Transferable" between two transverse lines.
  • Always keep your cheque book in a safe place to prevent unauthorised use.
  • Always keep your cheque book separate from your credit cards, ATM cards or any other document that bears your signature. If a thief gets hold of your cheque book, but does not have a sample of your signature, a forged signature will probably not resemble yours.
  • All paid cheques that are returned with your bank statement should be kept in a safe place because they contain your signature. Fraudsters may even try to re-use these cheques.
  • Do monthly reconciliations on the cheques that were issued on your account.
  • Regular recons should be done on all unused cheques in a cheque book against the counterfoil.
  • Report a stolen cheque book to your nearest Bank of Athens suite as soon as possible. There is also the ability to stop a cheque online via Bank of Athens’ Internet Banking.
  • Avoid posting cheques but should it be necessary, place them in non-transparent or dark envelopes without any staples/paper clips, which can be felt through the envelope.
  • Never sign a blank cheque ahead of time since fraudsters can simply fill in the details to suit themselves.
  • When you receive a cheque, keep it in a safe place and deposit it as soon as possible. Remember that a cheque becomes stale after six months
  • Consider making electronic payments where possible

ATM/Debit Card

Trapping your card in the ATM slot is one of the means used by criminals to distract you. They are known to use your frustration to build a relationship of trust with you, and thereafter trick you into giving away your PIN and bank card. Once they have your PIN and card, they are free to withdraw money from your account.

Protecting your Bank Card and Pin:
Your bank card and PIN are your personal keys to secure banking. Criminals are aware of this and use various tricks to steal them in order to access your money. Often they look over your shoulder when you are busy at the ATM and steal your PIN and then come up with ways of getting hold of your card to skim it. In that way, they will have both your card and PIN and are free to steal money from your account.

Protecting your Cash after withdrawal:
Criminals are known to identify banking clients that have made cash withdrawals from ATMs. These customers are then followed and robbed of their cash. Make sure that you don’t set a pattern of large withdrawals on a regular date or at a regular site. Remain vigilant at all times. Ultimately, cash withdrawals are always a risk and there are many solutions that are safer than large cash withdrawals and we would strongly encourage you to discuss these with your relationship manager.

Please remember the following:
  • Your PIN (Personal Identification Number) must remain a secret, preferably memorised, or else kept completely separate from your card.
  • While a card is issued with a random PIN, customers can change this to any number at any time at a Bank of Athens suite.
  • Your PIN should be easy for you to remember but difficult for anyone else to guess.
  • The rule is simple: don’t ever give your PIN to anyone, not even to a bank official. A bank official will never ask you to reveal your pin.
  • Shield the ATM or in-store keypad as you punch your PIN into the machine to prevent criminals from peering over your shoulder and keep your hand over the card slot so that no one can swap your card.
  • Do not insert your card until asked to do so by the display screen and do not use an ATM that is obscured from view or poorly lit.

Remember that you use an ATM at your own risk. So, it is always important to:
  • Follow the on-screen instructions carefully
  • Avoid drawing cash late or when you are alone
  • Do not force your card into the card slot
  • Leave the ATM immediately if you don’t feel safe
  • Set your daily ATM withdrawal limit at your nearest business suite.
  • Be in the company of someone you trust when making large cash withdrawals
  • Think of using the ATM to make transfers instead of drawing large amounts of cash
  • Never let anyone stand too close to you when using the ATM
  • Be alert and conscious of your surroundings when using an ATM
  • Never hurry when using an ATM. Make sure you are not distracted, intimidated or rushed into your transaction and never openly count the cash you withdraw
  • Never accept help from strangers when using the ATM. You should be aware that criminals work in teams - one to distract you while the other steals your card
  • If your card is retained (swallowed) by the ATM, phone the toll free number displayed at the ATM to stop your card. Follow the same process if you lose your card and do not leave the ATM until the bank confirms that your card has been cancelled
  • Never allow a bystander to call the toll-free stop card line on your behalf - they may trick you into believing that they have phoned to place a stop on your card; and do not use someone else’s phone
  • Guards are placed at ATMs to discourage criminal activities and therefore cannot help you with your transaction - if you need help, ask a bank official

Cash:
  • Be careful when withdrawing cash. Wherever possible rather make payments with a Debit Card, via Internet Banking, etc.
  • Do not leave your bag, purse or wallet unattended – always keep an eye on your belongings.

Internet Banking:
  • Never save your password on your desktop as it may allow others to access your personal information without your permission.
  • Do not make your passwords too personal - rather create passwords that have letters and numbers that cannot be attributed to you.
  • Never provide your internet ID or password/PIN to anyone; never write them down or share them, not even with a bank official.
  • Never provide your internet ID or password/PIN to any site that you do not recognise and fully trust.
  • Only provide your internet ID or password/PIN when your browser shows a secure connection directly to the Bank.
  • Do not leave your computer unattended after you have entered your internet banking password.
  • Always log off or sign off at the end of a session.
  • For your security you only have three attempts to enter your PIN/password correctly before you are denied access to our services. If this occurs, you will need to go to the nearest business suite to reset these passwords/PIN.
  • Do not open email from unknown sources.
  • Beware of emails that ask for passwords, PINS, credit and debit card information.
  • Avoid doing internet banking in public areas such as internet cafes as you do not know what software is loaded and this may compromise your transactions.
  • Make sure no one has unauthorised access to your PC or laptop.
  • Be especially aware that there are no security cameras trained on your PC and keyboard.
  • Ensure that you have the latest anti-virus software applications loaded on your PC or laptop.
  • Make sure the software on your PC or laptop is correctly licensed.
  • Update your operating system and browser with the latest patches.
  • Install a personal firewall on your PC or laptop if you use a dial-up modem
  • Only provide your credit card details to reputable companies.
  • To ensure that you are using a secure shopping site, look for the lock and key and the security certificate online.

Beware of internet fraud e.g. "Phishing". This is most commonly done through email and a fake website, claiming to be from a bank or other institution and asking you to confirm your personal details. Fraudsters use various ways of enticing you to confirm your personal information.



Whistle Blowing

Transparency, ethics and corporate governance are at the heart of everything we do at The South African Bank of Athens Limited.

As a responsible corporate citizen, we have established whistleblowing procedures for the submission by our employees and other stakeholders - i.e. shareholders, alliance partners, customers, suppliers, members of the public and other parties - of concerns regarding accounting, internal controls or auditing matters. Any stakeholder who has a reasonable belief that any of the following acts has been, or is likely to be committed, may make a report:

  • Commission of a criminal act;
  • Failure to comply with legal obligations;
  • Miscarriage of justice;
  • Endangering the health or safety of an individual or damage to the environment;
  • Unfair discrimination as considered in the Promotion of Equality and Prevention of Unfair Discrimination Act 4 of 2000; and/or
  • Deliberate attempts to conceal any of the above.

A person who chooses to make a written report should include the following information:
  • The background and history of the concern being reported;
  • The business unit and the person (s) involved;
  • Relevant dates, times, names and places;
  • The reason for concern about the situation;
  • The identity of credible witnesses; and
  • If available, any supporting documentation or evidence, or information on how they may be accessed

The whistleblower need not, if he or she so wishes, disclose his or her name.
Please address your correspondence to:
Postal Address: The South African Bank of Athens Limited c/o
The Head of Internal Audit
PO Box 7781 Johannesburg 2000
Email: whistleblowing@bankofathens.co.za



Consumer Protection Act

The Act creates and promotes an economic environment that supports and strengthens a culture of rights and responsibilities.

It protects consumers from exploitation and unfair practices in the market place and empowers consumers to make wise purchasing decisions.

What is the purpose of the Act?
  • To promote a fair, accessible and sustainable market place for consumers.
  • Provide greater protection for vulnerable and low literacy individuals.
  • Protect consumers from unfair trade practices.
  • Promote a unified consumer system, whereby all transactions and agreements will be interpreted and enforced.
  • Replace outdated legislation, in a simplified comprehensive manner which applies to business transactions and agreements throughout South Africa.
  • Promote consumer empowerment and provide an efficient system of redress for consumers.

What rights do I have as a Consumer?
  • Equality in the consumer market
  • Protection from discriminatory marketing practices
  • Privacy
  • Choice
  • Disclosure of information
  • Fair and responsible marketing
  • Fair and honest dealing
  • Fair, just and reasonable terms and conditions
  • Fair value, good quality and safety.

Are there any exclusions from the Act?

Services which are provided by an employment contract and are covered by the Labour Act are exempt from the Act. Services and goods that are provided to the government are exempt from the Act. Some aspects of the financial services industry are also exempt from the Act. Industries that are given exemption by the DTI are exempt from the Act. Any transaction where the consumer is a body corporate or a partnership, association or trust, and the asset value either exceeds or is equal to a threshold of R2,000,000. Consumers have the right to escalate their complaints falling within the ambit of the Act. The following regulatory bodies have been developed to assist consumers.

The National Consumer Tribunal:
+27 860 627 627 or +27 12 663-5615

Should you have any further enquiries kindly contact our
Customer Care Centre on +27 861 102 205 or alternatively visit your nearest suite.


About Us
General Enquiries  •   Gauteng  •   KwaZulu-Natal  •   Western Cape  •   Eastern Cape  •   International

Relationship Manager  •   Map

General Enquiries

Customer Service


Local Calls:
0861 102 205

International Calls:
+27 11 833 2117

General enquiries:
info@bankofathens.co.za
Internet banking enquiries:
internetbanksupport2@bankofathens.co.za
2094

Head Office


Tel: +27 11 634 4300
Fax: +27 11 838 1001

Address: Building 3, Inanda Greens Business Park
54 Wierda Road West, Wierda Valley
Sandton, 2196

Postal Address: P.O Box 784921
Sandton
2146

Swift:
BATHZAJJ




Gauteng


Bedfordview:

Tel: +27 11 622 8106
Fax: +27 11 622 7623

Address: Shop U33, Bedford Centre
Cnr. Smith & Bradford Roads
Bedfordview
2094

Pretoria

Tel: +27 12 346 2203
Fax: +27 12 346 5419

Address: Shop 121, Brooklyn Mall
338 Bronkhorst Street
New Muckleneuk
Pretoria
0181

Rosebank

Tel: +27 11 442 9323
Fax: +27 11 442 7259

Address: Shop No.9, Baker Square
33 Baker Street
Rosebank
2196


Roodepoort

Tel: +27 11 475 6871
Fax: +27 11 475 6756

Address: Shop 19, Allen's Nek Retail Park
Cnr. Hendrik Potgieter
& Jim Fouche Roads
Roodepoort
1739




KwaZulu-Natal


La Lucia:

Tel: +27 31 562 7700
Fax: +27 31 572 3693

Address: 86 Armstrong Avenue,
La Lucia
4051




Western Cape


Cape Town:


Tel: +27 21 425 1365
Fax: +27 21 425 5670

Address: Suite 102, Section 6,
1st Floor Icon Building
Cnr. Hans Strydom & Lower Long Streets
Foreshore
Cape Town
8001




Eastern Cape


Port Elizabeth:

Tel: +27 41 363 1318 |1339|0033
Fax: +27 41 363 1217

Address: 1st Floor, Block D,
Southern Life Gardens,
70 2nd Ave,
Newton Park, Port Elizabeth
6045




International Banking Division


Treasury

Tel: +27 11 836 4171/5
Fax: +27 11 838 2726

Address: 116 Marshall Street
Johannesburg
2001

Foreign Exchange Services

Tel: +27 11 622 8106/7 or +27 11 616 1305
Fax: +27 11 622 7623

Address: Shop U33, Bedford Centre
Cnr. Smith & Bradford Roads
Bedfordview
2094


Contact a Relationship Manager


Please fill out the form below if you would like one of our Relationship Managers to get in touch with you.











About Us
Website Disclaimer  •   Privacy Statement

Website Disclaimer


While we have taken care to ensure that the content on this website is accurate, this website and the service accessible on this website and your use of and reliance on the information on this website and the online services, are entirely at your own risk. The Bank of Athens Limited (SABA) accepts no liability for any loss or damage of whatsoever nature that may be caused, directly or indirectly, by the use of this website or reliance on any information contained therein.

We attempt to keep information up to date and correct, but any interest rate quoted on this site must be confirmed by a SABA Business Unit and the bank does not accept any liability for reliance placed on quoted rates in the absence of such confirmation.

The calculators on the website are intended to provide an indication of the amounts calculated only. SABA does not have any control over the information entered by any user and figures calculated shall not be binding on us.



Privacy Statement


Your privacy is important to us and SABA will protect the security and confidentiality of information shared with us by the user. User information will be treated as confidential and cannot be disclosed to third parties unless:

  • We are legally obliged to do so
  • We have to disclose the information upon your request and consent in writing.

SABA will not be liable for any downtime, malfunction, interruption or any other failure of our website, system, databases or part thereof for reasons beyond our control.

SABA will not be liable for any damage or loss regarding customer data directly or indirectly caused by any malfunction of our system, third party systems, power failures, computer viruses or unlawful access of data on our system or third party systems or programming defects.

SABA will not be liable for any event over which we have no control e.g. downtime or failures for services provided by third parties such as public telecommunication service providers, internet services providers, electricity suppliers or local authorities.



About Us
Current  •   2013  •   2012  •   2011  •   2010  •   2009

Current Annual Report

2013 Annual Reports

2012 Annual Reports

2011 Annual Reports

2010 Annual Reports

2009 Annual Reports



About Us
Current  •   2013  •   2012  •   2011  •   2010  •   2009
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