Lets proceed in the order above in discussing the requirements needed for a Cameroonian to open a diaspora bank account.
BICEC diaspora account requirements
Starting with BICEC, its rather unfortunate that you can not open a diaspora bank account at BICEC, not as yet. You need to be physically present in order to do so.UBA diaspora account requirements
As for UBA, Africa's Global Bank, here is what you need to know. You can open 2 types of accounts; a current account and a savings account.Opening Balance
For a current account the minimum opening balance is 100,000 frs CFA while for a savings account you need a minimum opening balance of 150,000 frs CFA.Minimum Balance
After having opened the account and while using your account, you need to always have a minimum balance of 25,000frs CFA for a current account and a minimum balance of 100,000 frs CFA for a savings account. Visibly it is more expensive to own a savings account than a current account. This could be due to the interest rate of upto 3.25% for UBA savings accounts.Identification Credentials
- 2 Passport size photos
- Copy of valid national identity card or passport with Visa (Mandatory)
Proof of residence
To show proof that you are actually not in Cameroon and that you are where you claim to be you need to provide your resident permit or work permit. Without one of these documents your account can not be opened.Source of income
Depending on your profession or the activity you do to generate income, and in addition to a letter of good standing from your actual bank, you would be asked different documents to verify your source of income. If you are an employee earning salary at the end of a specified period of time, you would need to provide your pay slip + employee status form. If you are a self emplyed individual or a sole proprietor, you would be asked to provide your business registration documnets. If you are a professional in the liberal field, you would be required to provide a bank statement of your banking transactions of the last 3 months.With UBA, if your source of income documentation is incomplete, you can still proceed by getting a recommendation form signed by a friend or relative who has an account in good standing with UBA.
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