Flexible and convenient. The Diaspora Association Current Account (DACA) is a formal checking account tailored for Cameroonian diaspora associations, “Meeting Houses” and Tontines (Njangeh groups) to manage their day-to-day finances in Cameroon.
- Interest rate: 0%
- Account opening fee: FCFA 15,000 + VAT
- Initial minimum deposit: FCFA 1,000,000
- Minimum operating balance: FCFA 0
- Monthly account management fee: FCFA 5,000 + VAT
- Formalises the finances of your association or group
- Instant digital collection of members’ dues via FINASDDEE Money Transfer
- Digital cheque privileges
- Free subscription to FINASDDEE Mobile Services and FINASDDEE Online Services for authorised signatories, free FINASDDEE Money Transfer sign-up for members and free SMS alerts
- Minimum of two authorised signatories for withdrawal clearance
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
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