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Diaspora Demand / Current Account

A Foreign Currency account for Ethiopian Diaspora, from which money may be withdrawn without notice. It’s typically an active account catering for frequent deposits and withdrawals by Cheque (for MSME).

Product Features
  • Safe
  • Bears no interest rate
  • Effect transfers abroad/make foreign payments, such as import and other foreign service payments
  • Convert into a Birr account at the prevailing exchange rate for local payment
  • Limitless inter and intra-bank transfer of funds
  • Serve as collateral or guarantee for loans or bids.
  • Make local payments in Birr
  • Free monthly account statement
  • Initial Deposit : USD 100
  • Minimum deposit amount : USD 100
  • Maximum deposit amount : Not Restricted
  • Withdrawal Limit : Not Restricted
  • Can be withdrawn through cash, account to account transfer, Debit Card internet and mobile banking, standing instruction with no withdrawal limit
Eligibility Requirements
  • Valid and renewed Ethiopian origin ID, passport or ID where nationality is explicitly defined
  • Valid resident and/or work permit that certify the Ethiopian National living and working abroad for more than one year
  • Tin registration certificate, Renewed trade license and commercial registration certificate (For MSME)
  • One recent photograph (3×4)