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Standard Lesotho Bank is your business banking partner. Our range of business banking accounts ensure that your cash is accessible whenever you need it, while ensuring that you’re always informed of all expenditure
Some of the benefits
Community
Partner with the bank that grew to be the largest in Lesotho by remaining rooted in the needs of its people
Easy Finance
Loans to help you afford your most important purchases
Expertise
Our expert advice helps you to make the best possible decisions
Put your money to work
Put your savings in our investment accounts, keeping it safe while we help it grow
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Molleloa Account
It is a transactional account suitable for small businesses with an annual turnover of at most M240,000.00 essential for managing business financial operations and supporting its growth and sustainability.
What is it?
It is a transactional account suitable for small businesses with an annual turnover of at most 240,000.00 essential for managing business financial operations and supporting its growth and sustainability.
Features
- Transactional account
- The account allows cash deposits and cash withdrawals
- Payments can be performed on this account
- The account can be linked to electronic channels.
- The account can only be in local currency LSL
- An initial deposit of 50.00 Maloti is required.
What does it offer me?
- Multiple Payment and Deposit: Facilitates various payment methods, including wire transfers and electronic funds; making it easier to manage transactions.
- Merchant Services: The account can accept credit and debit payments from customers.
- Online and Mobile Banking: Provides online and mobile banking features, allowing for the customer to manage account, pay bills and track expenses conveniently.
- Cash Management Services: Offers services to help manage cash flow, such as sweep accounts, which automatically transfer excess funds into interest bearing accounts.
What do I need to apply?
- Tax clearance
- Trader’s license
- Copy of ID
- Proof of residence (Directors)
- Proof of residence e.g., Utility bill, Lease
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Business Account
It is a transactional account essential for Business and Commercial clients and Enterprise clients with an annual turnover of at least 15 -300million(Commercial clients) and 240,000-15 million(Enterprise clients) maloti suitable for managing business financial operations and supporting its growth and sustainability.
Features
- Transactional account
- The account allows cash deposits and cash withdrawals
- Payments can be performed on this account
- The account can be linked to electronic channels
- The account can have an overdraft
- The account can only be in local currency LSL
- An initial deposit of 100.00 Maloti is required
What does it offer me?
- Multiple Payment and Deposit: Facilitates various payment methods, including wire transfers and electronic funds; making it easier to manage transactions.
- Access to business loans and Credit: A pre-requisite for applying for business loans or lines of credit which can provide necessary growth for funding growth and opportunities.
- Merchant Services: The account can accept credit and debit payments from customers.
- Online and Mobile Banking: Provides online and mobile banking features, allowing for the customer to manage account, pay bills and track expenses conveniently.
- Higher Transaction Limits: Allows for higher transaction limits accommodating the higher volume and value of transactions.
- Cash Management Services: Offers services to help manage cash flow, such as sweep accounts, which automatically transfer excess funds into interest bearing accounts.
What do I need to apply?
- Tax clearance
- Trader’s license
- Copy of ID of directors
- Proof of residence (Directors)
- Proof of residence e.g., Utility bill, Lease
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