It is a non-interest-bearing account opened and operated by check catering to expats (foreign nationals, employees of international organizations [UN, AU, etc.], NGOs, International organizations, Embassies/its employees living/operating in Ethiopia for those salary earn by foreign currency

Product Features

• Non-interest bearing unless authorized by NBE
• It can be operated by check or pre-arranged agreement with the client
• Deposits from local source is prohibited
• No exchange commission is levied upon transfer to abroad.
• Can be used for travel allowances upon presenting valid travel documents
• Can be transferred to other eligible foreign currency account(s) in FCY
• Initial Deposit: USD 100
• Minimum deposit amount: FCY, No Limit
• Maximum deposit amount: FCY, No Limit
• Withdrawal Limit: ETB-No Limit
• Withdrawal can be made through cash and over the counter upon the presentation of travel document

Eligibility Requirements

• Present valid and renewed Resident/Diplomatic ID, Passport
• A letter of application which is signed by the ambassador or her/his delegate
• Valid and renewed Ethiopian origin ID, passport or ID where nationality is explicitly defined
• Valid resident and/or work permit that certify the Ethiopian National living and working abroad for more than one year