Get the free Repatriatable Saving Birr Account Opening Application Form ...

Non Residence Ethiopians and Ethiopian Origin (Diaspora) Foreign Currency and or Non Repatriate Saving Bird Account Opening Application Form (Directives No. FED/69/2021) ___ Department/Backdate: DD

How to fill out repatriatable saving birr account

How to fill out repatriatable saving birr account

1. Step 1: Visit the nearest bank that offers repatriatable saving birr account.
2. Step 2: Fill out the application form for opening a repatriatable saving birr account.
3. Step 3: Provide all the necessary documents such as valid identification, proof of address, and tax identification number.
4. Step 4: Specify the amount of money you want to deposit into the account.
5. Step 5: Review the terms and conditions of the account and sign the required documents.
6. Step 6: Wait for the bank to verify your information and approve the account.
7. Step 7: Once the account is approved, you will receive the account details and can start depositing funds.

Who needs repatriatable saving birr account?

1. Individuals who are Ethiopian residents but plan to live abroad temporarily or permanently.
2. Ethiopian citizens who work overseas and want to save their earnings in local currency.
3. People who want to take advantage of the exchange rates and store their money in a stable currency like the Ethiopian Birr.
4. Individuals who want to invest in Ethiopia while having the option to repatriate their funds when needed.

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What is repatriatable saving birr account?

A repatriatable saving birr account is a special type of savings account designed for individuals in Ethiopia to hold funds that can be converted into foreign currency and transferred abroad.

Who is required to file repatriatable saving birr account?

Individuals who hold a repatriatable saving birr account and wish to repatriate their savings are required to file.

How to fill out repatriatable saving birr account?

To fill out a repatriatable saving birr account, individuals should provide their personal information, account details, and the amount they wish to repatriate, following the guidelines provided by the financial institution.

What is the purpose of repatriatable saving birr account?

The purpose of a repatriatable saving birr account is to facilitate the transfer of savings from Ethiopia to overseas accounts, enabling individuals to manage their funds internationally.

What information must be reported on repatriatable saving birr account?

The information that must be reported includes personal identification details, account number, the amount to be repatriated, and the destination bank account information.