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The Current Account product, which is a foreign currency account for Ethiopian Diaspora offered based on the contract of Qard that allows account holders ready access to their money placed with the Bank.

Product Features
  • Safe custody
  • 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 and minimum deposit is set to be USD 100 with no maximum deposit and withdrawal limit
Basic 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 and Corporate)
  • One recent photograph (3×4)