ZamZam Bank provides a range of international banking services, including trade services, foreign transfer services, remittance services, foreign currency accounts and many more.

Diaspora accounts are usually available for Ethiopian citizens or people of Ethiopian origin who reside and work outside the country. They may need to provide proof of their identity, nationality, and residence status to open a diaspora account

• The types of ID that are acceptable for opening diaspora accounts may vary depending on  the country of residence. Some common types of ID are passports, national ID cards, driver’s licenses, birth certificates, and residence permits.

• Diaspora accounts may offer various benefits for customers, such as:
  • Access to foreign currency and local currency accounts
  • Ability to transfer money to and from Ethiopia easily and securely
  • Access to interest-free banking products and services
  • Ability to invest in Ethiopia and support the development of the country
  • Access to loans and mortgages for personal or business purposes

To apply for a diaspora account online, you may need to visit the bank’s website and fill out an online application form. You may also need to upload some documents to verify your identity and eligibility. The bank will review your application and contact you with the next steps

• Diaspora customers may have access to different types of Fiancing , such as:
  • Mortgage Financing : These are financing for buying or building a house or property in Ethiopia.
  • Investment Financing : These are Financing for starting or expanding a business or project in Ethiopia.
  • Working capital Financing : These are Financing for covering the operational expenses of a business or project in Ethiopia.
  • Consumer Financing : These are Financing  for personal needs, such as education, health, travel, or household expenses.
  • Car/vehicle Financing : These are Financing  for buying or leasing a car or vehicle in Ethiopia.

The requirements and procedures for applying for a financing  may differ depending on the type of financing , the amount of financing , the repayment period, and the bank’s policies. Some general requirements and procedures are:

• • Having a diaspora account with the bank
  • Having a steady and verifiable income source
  • Having a good credit history and rating
  • Having a collateral or guarantor to secure the financing 
  • Filling out a financing  application form and submitting the required documents
  • Getting a financing  appraisal and approval from the bank
  • Signing a financing  agreement and paying the fees and charges

You can easily transfer funds through ZamZam Bank’s Foreign Transfer Services, ensuring secure and efficient transactions for global financial connectivity.