Flexible and convenient. The Diaspora Association Savings Account (DASA) is an interest-bearing group account designed for formal non-profit Cameroonian diaspora groups, alumni bodies, cultural associations and development unions that wish to save regularly towards specific projects in Cameroon.
- Interest rate: 3.5% per annum, calculated daily and credited twice a year
- Account opening fee: FCFA 15,000 + VAT
- Initial minimum deposit: FCFA 500,000
- Minimum operating balance: FCFA 50,000
- Monthly account management fee: Free
- A safe group reserve account for your projects, earning attractive interest with zero maintenance charges
- Free subscription to FINASDDEE Mobile Services and FINASDDEE Online Services for authorised signatories, free FINASDDEE Money Transfer sign-up and free SMS alerts
- Minimum of two authorised signatories for withdrawal clearance
- No chequing privileges
Account Opening Requirements and Documents:
- All Diaspora Accounts are opened online through FD-Online, the FINASDDEE Digital Diaspora Account Opening Platform – no branch visit is required
- The association must be registered, with two authorised signatories aged 18 or older and legally resident in the United Kingdom, the United States of America, Canada or Europe
- Association registration certificate and registration number
- Constitution / by-laws of the association
- Resolution naming the two authorised signatories and the cash withdrawal arrangements
- Valid identity document of each authorised signatory (passport, national identity card, residence permit or driver’s licence)
- Overseas proof of address and residence permit or proof of right to reside for the primary signatory
- Filled and signed specimen signature card. DOWNLOAD HERE
Want to know more about our Diaspora Association Savings Account?
Click the button below to request a call back from a dedicated Relationship Manager.
