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Opening a bank account in Cameroon


#1  2011-09-28 09:43:18

Julien
Founder
Julien
From: Grand Baie
Registered: 2005-03-11
Posts: 27447

Opening a bank account in Cameroon

Hi all,

is it difficult for expats to open a bank account in Cameroon ?

Which documents are required to open a bank account in Cameroon ?

How long does it take to open it ?

Is there any restriction for expats regarding the services (loans for instance)  ?

Which bank would you recommend ?

Thanks in advance for your participation,

Julien




 
 
 
 
 
 
 
 
 
 
 

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#2  2012-01-22 20:20:15

123chr
New member
From: Amsterdam
Registered: 2012-01-22
Posts: 1

Re: Opening a bank account in Cameroon

If you have long stay resident permit in cameroon you can easily open your personal bank account. However, if you will need a loan, it is very difficult, unless you are employee of well established and stable company.

If you have all required documents, your account could be opened in few hours. You just need to visit the bank office, but you will need to wait for 2 or three weeks to receive you credit card or Debit Card. Internet banking is not well developed in Cameroon, however ATM is available and work very well.

to get the full documents required, it is good to approach the bank when you are in Cameroun. Basically, you will need:
- Proof of income (empoyment contract or last three months pay slip)
- Identification documents (your resident permit)
- residence address and localisation plan
- Passport sized picture
- Bank acount request form to be filled there.

Thank,




 
 
 

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#3  2012-01-24 09:40:34

Christine
Administrator
Christine
From: grand baie
Registered: 2008-09-29
Posts: 23478

Re: Opening a bank account in Cameroon

Thank you for this info, 123chr!




 
 
 
 

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#4  2012-01-24 19:53:08

marius benn
New member
marius benn
From: Ugie EC
Registered: 2012-01-24
Posts: 1

Re: Opening a bank account in Cameroon

Which is better. To pay your salary in my bank in South Africa or to pay it in a bank ain Cameroon. For tax purposes.

Last edited by marius benn (2012-01-24 19:54:26)




 
 
 
 

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#5  2012-05-25 22:43:19

wayneishappy
New member
From: Douala
Registered: 2012-05-25
Posts: 8

Re: Opening a bank account in Cameroon

Marius = If you work in Cameroon - then pay your money into a Bank in SA.  You will not be taxed if you are out of SA for 6 months and a day. 

I do not trust Cameroon.... anything.




 
 
 
 

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#6  2013-05-06 15:44:21

Joyce11
New member
From: hua hin
Registered: 2013-05-06
Posts: 1

Re: Opening a bank account in Cameroon

I want a saving  account in Cameroon

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