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Opening a bank account in Ethiopia


#1  2011-09-28 09:43:18

Julien
Founder
Julien
From: Grand Baie
Registered: 2005-03-11
Posts: 27427

Opening a bank account in Ethiopia

Hi all,

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

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

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  2011-10-05 16:50:06

suave
Active member
From: Addis Ababa
Registered: 2009-03-22
Posts: 97

Re: Opening a bank account in Ethiopia

All you need to open bank accounts in Ethiopia are copy of your passport and work/residence permit. Almost all banks provide similar services. Loans would be permitted if the expats are engaged in business activities. It doesn't take more than half an hour to open bank accounts in anyone of the commercial banks. I recommend Zemen Bank for its speed and courtsy. Though it has only one branch, it has got ATM machines in most of the commercial areas.

Regards,




 
 
 

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#3  2011-10-06 07:35:32

Harmonie
ViP
Harmonie
From: Mauritius/Ile Maurice
Registered: 2011-06-13
Posts: 19273

Re: Opening a bank account in Ethiopia

Thanks for your contribution suave!top

Harmonie.wink




 

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#4  2011-10-20 20:06:05

DeafMoonGirl
New member
From: ST LOUIS
Registered: 2011-10-20
Posts: 8

Re: Opening a bank account in Ethiopia

Hi all-

I plan to volunteer in Addis Ababa for about 6-12 months, although that's not determined yet. Would you recommend that I open up a bank account, or do you think I'm better off without it? I have a U.S bank account.




 
 
 
 

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#5  2012-04-01 03:05:40

ethiopia007
Member
ethiopia007
From: Addis Ababa
Registered: 2012-03-31
Posts: 16

Re: Opening a bank account in Ethiopia

It is difficult unless you have a residency card/yellow card. If you have one it is easy. Just money and 2 photos is required. The ZEMEN BANK near the Rasidon Blu hotel bank ,however, will give you an account if you do not have residency but there is a monthly fee if your account goes under 25,000 bire. You will get a VISA ELECTRON card in all the main banks.




 
 
 

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