Opening a bank account in Ethiopia is straightforward if you have the required documents. Here's what you need to know.
Requirements (General)
Most banks require:
- Valid ID: Ethiopian national ID (Kebele ID) or passport
- Proof of address: Utility bill, rental agreement, or Kebele residence letter
- Minimum deposit: Varies by bank and account type (often 100–500 birr for savings)
- Two passport photos (some banks)
For Ethiopian Residents
- Choose a bank (CBE, Awash, Abyssinia, and others—see our Banks page)
- Visit a branch with your ID and proof of address
- Fill out the account opening form
- Make the initial deposit
- Receive your passbook or debit card (processing time varies)
For Diaspora / Non-Residents
Some banks offer diaspora accounts or foreign-currency accounts. Requirements may include:
- Valid passport
- Proof of residence abroad
- Reference letter from a bank in your country of residence
- Minimum deposit (often in USD or birr)
Contact the bank's international or diaspora desk for exact requirements.
Account Types
- Savings account: Interest-bearing; suitable for individuals
- Current account: For businesses; check-writing and overdraft may be available
- Fixed deposit: Higher interest for locking funds for a set period
Tips
- Bring original documents; copies may not be accepted
- Some branches are less crowded early in the morning
- Ask about mobile banking and internet banking when opening