As a community with deep-rooted religious and cultural human principles, Somalis are known to assist one another, especially during hard times (famine, drought, civil war, natural disasters, etc.).
To this end, we have put in place a Society Current Account to serve these kinds of needs.
Benefits
- 50 leafs checkbook
- Automated digital bank statement sent on a monthly basis
- Convenient and reliable incoming & outgoing payments/remittances through Swift and other remittance channels and payment gateways.
- Internet Banking
- SMS notifications of all transactions hitting your account
- Easy, 24/7 live chat with the bank support team through our website, WhatsApp and Social Media
- Assigned relationship manager
- No minimum opening balance required
- No minimum account operating balance required.
Requirements
- Directors’ valid, certified copy of National ID, passport or any other ID document approved by the Central Bank of Somalia
- A copy of memorandum and Article of Association
- Registration, permit to operate or license from the concerned government authorities
- Physical Address of the organization
- Two passport size recent photos of the account signatories
- Account signatories’ valid, certified copy of National ID, passport, or any other ID document approved by the Central Bank of Somalia
- Request letter, resolution or extract of meeting minutes from the organization directors requesting to open the said account and giving clear instruction regarding the account signing mandate
- Proper declaration and documentation of the Organization’s source/volumes of income, nature of business and purpose of account opening
