Foreign cash purchase: we purchase convertible foreign currency cash notes without any restrictions and limits.
Foreign cash sales: we sell foreign currency cash notes for travelers as per the National Bank of Ethiopia and our bank’s policy and procedure.
Incoming Transfers
refers to incoming remittance received from correspondent or third party bank. Berhan Bank provides money transfer services through SWIFT, a worldwide messaging network that quickly, accurately, and securely sends and receives money transfer instructions.
NR Accounts
Designated for Corporate bodies, International organizations, foreign nationals, Non-Governmental organizations (NGOs), and staff members of foreign embassies. The non-resident accounts are denominated in foreign currency (FCY) and local currency (LCY) whose source of deposit shall be in FCY.
- Non-Resident Foreign currency account (NRFCY): a foreign currency account that is denominated in foreign currency.
- Non-Resident Transferable Birr account (NRT): the account is denominated in Birr but the account holder can draw foreign currency without foreign exchange approval.
- Non-Resident Non-Transferable Birr account (NRNT): the account is maintained in Birr and can only be operated in local currency unless foreign currency approval is obtained on the basis of supporting documents.
