Community

 

  • Diaspora foreign currency account

  • Ethiopian and naturalized Ethiopian Diaspora with Ethiopian origin ID may open a foreign currency and convertible birr accounts in Ethiopia

 

Quick Facts to Open Foreign currency Account with Commercial Bank of Ethiopia

OPTIOn 1: - Online application through the Website (www.combanketh.com)

 

OPTION 2- Application through Embassies

 

  • Download and print the Diaspora accounts application form, or collects the copy of it from the embassy, fill and sign it. Application form for foreign currency Account (alternatively the form is attached here)
  • Get copy of your passport/Ethiopian origin ID if you are naturalized citizen / and your resident ID/ current passport.
  • Sign the application form in front of embassy staff and submit to the embassy for authentication (there is a fee of €53 for this service).
  • Send all the above documents to the following address (there is no need to send money with the application)

 

 

 

Commercial bank of Ethiopia

International banking department

P.O. Box 255

Addis Ababa

Ethiopia

  • Within two weeks time, the bank will open the account and send your account details through the address you provided
  • Wire your initial deposit to your account number, through SWIFT or other transfer mechanisms with in two weeks period of receiving the account number.
  • When you need to transfer money to the account any time after the initial deposit you may wire the money directly to your account number.
  • The bank will send your bank statement through your address.
  • Swift code of the international banking department is CBETETAA

 

OPTION 3:-Applying in person at any branch of the bank in Ethiopia by filling the application form and depositing or transferring the foreign currency.

 

 

 

Quick Facts: To Open Foreign currency Account with Lion       Bank of Ethiopia

 

OPTION 1: - Application through Embassies

 

  • Download and print the Diaspora accounts application form, or collects the copy of it from the embassy, fill and sign it (alternatively the form is attached here)

Current Accounts Form (CA-025)

Saving Account Form (SA-014)

Joint Accounts Form (SA-015)

Cheque Requisition Form (CA-007A)

  • Get a copy of your passport/Ethiopian origin ID if you are naturalized citizen / and your resident ID/ current passport and one photograph.
  • Sign the application form in front of embassy staff and submit to the embassy for authentication (there is a fee of €53 for this service).
  • Send all the above documents to the following address through the Embassy (there is no need to send money with the application)

 

Lion International bank S.C.

International banking department

Addis Ababa

Ethiopia

  • As soon as the application is received the bank will open the account at branches of the applicant’s choice and send your account details and check book through the address you provided
  • Wire your initial deposit to your account number, through SWIFT or other transfer mechanisms with in two weeks period of receiving the account number.
  • When you need to transfer money to the account any time after the initial deposit you may wire the money directly to your account number.
  • The bank will send your bank statement through your address.
  • Swift code of the bank is LIBSETAA

 

OPTION 2:-Applying in person at any branch of the bank in Ethiopia by filling the application form and depositing or transferring the foreign currency.

 

NOTICE

  • Sending the document to the bank through the embassy as requested by the bank may take time as documents are sent to Ethiopia by the embassy every three months.
  • Please not from the attached Lion bank’s document that the types of accounts and the interest rates applied may not be  similar to that of the commercial bank.

 

Quick Facts: to Open Foreign currency Account with Abyssinia Bank of Ethiopia

 

OPTION 1: - Application through Embassies

  • Download and print the following application form, or collects the copy of it from the embassy, fill and sign it (alternatively the form is attached here)

Account Opening Form

Specimen Signature Form in two copies

Check Requisition form

  • Get copy of your passport/Ethiopian origin ID if you are naturalized citizen / and your resident ID/ current passport and one photograph.
  • Sign the application form in front of embassy staff and submit to the embassy for authentication (there is a fee of €53 for this service).
  • Send all the above documents to the following address (there is no need to send money with the application)

 

The Manager, Filwuha Branch (You can use other branches as indicated in     Branch List)

Bank of Abyssinia

P.O. Box 12947

Addis Ababa

Ethiopia

  • As soon as the application is received the bank will open the account at branches of the applicant’s choice and send your account details and check book through the address you provided
  • Wire your initial deposit to your account number through SWIFT or other transfer mechanisms, with in two weeks period of receiving the account number.
  • When you need to transfer money to the account any time after the initial deposit you may wire the money directly to your account number.
  • The bank will send your bank statement through your address.
  • Swift code of the bank is ABYSETAA

 

OPTION 2:-Applying in person at any branch of the bank in Ethiopia by filling the application form and depositing or transferring the foreign currency.

 

NOTICE

Please not from the attached Abyssinia bank’s terms and conditions and other documents that the types of accounts and the interest rates applied may not be similar to that of the commercial bank.

 


Last Updated (Thursday, 24 February 2011 03:26)