How can I open a bank account in Cameroon?

In general, to open a current bank account in Cameroon, you will have to produce two 4×4 identity photos, proof of income such as your recent pay slips, proof of address and a certified copy of your passport or national identity card. Other documents may be requested, depending on the bank you have chosen.

How much does it cost to create a bank account in Cameroon?

Cost of Creating or Opening a Bank Account in Cameroon

The cost of opening in Cameroon, in most cases, is free. Depending on the type of bank account to be created in Cameroon, the individual or entity may be asked to pay the sum of 10,000 XAF to 50,000 XAF as an initial deposit.

Can you open a bank account without going to the bank?

There’s no need to visit a branch to open a bank account anymore. You can open a bank account, deposit money and set up automatic payments all from the comfort of your home. Once you’ve applied, just wait for the card to be sent to you in the mail, activate the account and you’re good to go.

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How much does it cost to create a UBA bank account in Cameroon?

10 Interesting facts about the UBA Africard

It will cost you just $20 to get a UBA Africard from any UBA bank in Africa…which is very cheap as compared to the UBA debit cards which requires that you open a bank account with the UBA bank.

Which is the best bank in Cameroon?

With XAF704. 7 billion, Afriland First Bank holds the top spot. During the period under review, the bank recorded an XAF18 billion month-over-month rise in its outstanding credits. The second bank in that top 5 was Société Générale with a XAF678.

Do we have access bank in Cameroon?

Upon completion of all necessary regulatory filings in Cameroon, Access Bank Plc will become the 16th commercial bank to operate in the country alongside United Bank of Africa (UBA). Local media reports in Cameroon suggest that the new subsidiary’s headquarters will be in Douala, Cameroon’s economic capital.

What is the interest rate in Cameroon?

Cameroon Money Last Unit
Interest Rate 3.25 percent

Is it better to open a bank account online or in person?

It’s generally easier to get a checking account online. It can take just minutes there’s no need for signatures or branch visits. If your account is with a traditional bank you will have the option to conduct most or all of your business online or at a local bank branch.

What do I need in order to open a bank account?

To open a checking account or any other type of account, you’ll also need the following:

  1. A government-issued photo ID like a driver’s license, state-issued ID or passport. …
  2. Date of birth.
  3. Opening balance. …
  4. Physical address. …
  5. Social Security Number (SSN) or Taxpayer Identification Number (TIN).
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What documents are needed to open a bank account?

Identification: When opening an account in person, most banks require two forms of identification such as a Social Security card, driver’s license, state ID, passport or birth certificate. If you are not a U.S. citizen, you may be able to open an account with identification issued from your home country.

What is the code to open UBA bank account?

Dial *919#, press the number 7, then press the number 1, and then follow other instructions on the mobile phone number, you will receive a SMS with the account number.

Which bank allows online account opening?

Compare Savings Account Rates and Types of All Banks

Bank Name Interest Rate
SBI Savings Account Opening Online 2.75% – 2.75%
HDFC Bank Savings Account Opening Online 3.00% – 3.50%
ICICI Bank Savings Account Opening Online 3.00% – 3.50%
Axis Bank 3.50% – 4.00%

What is required to open a UBA bank account?

What you will need

  • Account opening form.
  • A valid ID (International passport/Driver’s license/National ID/Voter’s card)
  • A passport photograph.
  • Utility bill.

Which bank in Cameroon is world wide?

Standard Chartered in Cameroon

Standard Chartered Bank Cameroon S.A is a core part of Standard Chartered Group’s strategic footprint in the Central African Region, combining international expertise and capabilities with deep-rooted local knowledge.

What is the biggest bank in Cameroon?

Temenos (SIX: TEMN), the banking software company, today announced that Afriland First Bank, the largest financial services group in Cameroon, has chosen Temenos T24 Core Banking platform to power its digital transformation journey.

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Which Nigeria Bank is in Cameroon?

Access Bank Plc (“the Bank”) is pleased to notify the Nigerian Stock Exchange that it has obtained the Central Bank of Nigeria’s ‘No Objection’ to its proposed expansion into the Republic of Cameroon through the setting up of a banking subsidiary.

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