OroCash Allows you to conduct financial transactions by using your mobile device.
Who is eligible to open Diaspora accounts?
- Non-Resident Ethiopian
- Non-Resident Foreign Nationals of Ethiopian Origin
What kind of Diaspora accounts are allowed to open?
- Diaspora Current Account
- Fixed or Time Deposit Account
- Non-repatriable Birr Account
To open Diaspora accounts, what kinds of documents are needed?
- Properly filled and signed application by account holder
- Can be operate by power of attorney
- Resident Permit/Certification
- Valid passport and/or identification card
- Certification of ownership entitlement for the organization and/or article and
memorandum of association
What types of currencies are allowed to maintain the Diaspora accounts?
- The US Dollar
- Pound Sterling
Minimum foreign currency cash requirement to open Diaspora accounts?
- For an individual USD 100 or its equivalent
- For fixed time deposit USD 5,000 or its equivalent
How to credit Diaspora accounts?
- The account holder
- The spouse of the account holder upon presentation of marriage certificate
- The employer upon presentation of valid employment agreement
- The business entity owned by the account holder or share company upon presentation of documents ascertaining the shareholding
What’s in it for you?
- Make local payments in Birr
- Make foreign payments for import
- Effect Transfer abroad
- Withdraw for travel in cash notes
- Convert into a Birr account at the prevailing exchange rate
- Serve as collateral or guarantee for loans or bids
- Can be withdrawn against a cheque written and a withdrawal slip
Repartition of the deposit
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