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An FCY denominated trust agreement where the Bank accepts deposit from its Diaspora customers looking for safe custody of their funds & degree of convenience in their use.

Product Features
  • Safe custody
  • Non profit and loss bearing deposit
  • A non-repatriate Birr saving account that can be used for local payments only
  • Limitless deposit and withdrawal
  • Operated by passbook
  • ATM/POS , Debit card, Internet and mobile banking facility
  • The Bank may at its own discretion give Hibah (monetary or in kind) for the customers
  • Free, convenient and limitless intra-bank transfer of funds (only local)
  • Initial Deposit USB 100 with no minimum deposit and withdrawal limit
  • Withdrawal can be done thorough Cash/ Account to Account Transfer, Debit Card, Internet/Mobile banking
Basic Requirements

For Natural person [Retail Business Segment]

  • Has to be of legal age [>= 18 years]
  • Present valid and renewed ID card and two recent photographs (3×4)
  • The customer should be engaged in Shari’ah compliant business [Halal Business]
  • Initial Deposit.

For Artificial Persons [Partnership, Assn., Ço-ops., PLCs, Share Companies, etc.] MSME &Corp.

  • 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)
  • The customer should be engaged in Shari’ah compliant business [Halal Business]
  • Initial deposit [The Branch Manager has the discretion to open zero balance account]
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