What are the banks operating in Ivory Coast? How to proceed to open a bank account? Find out in this article.
Opening a bank account in Ivory Coast is rather simple. Indeed, many expatriates before you have already proceeded successfully. Therefore, feel free to choose among different banks, namely the Soci茅t茅 G茅n茅rale des Banques de C么te d'Ivoire (SGBCI), Ecobank, the Soci茅t茅 Ivoirienne de Banque (SIB), the Caisse d'茅pargne C么te d'Ivoire, Barclays, Citibank, and the Banque Internationale pour le Commerce et l'Industrie de la C么te d'Ivoire (BICICI) which are the most popular ones.
You can find both private and retail banks in Ivory Coast. Some of these have a larger number of clients than the others. However, most of these provide a wide range of services to their customers: investment, credits, insurance, savings, etc.
Procedures
To open a bank account, visit any branch of your chosen bank with the following documents:
- your passport or resident card (original copy)
- proof of address (utility bills or a residency certificate if any)
- two passport-size identity photos.
Some banks, especially privates ones, may request you to produce your latest payslips, and even require you to be hired according to a permanent contract.
In all cases, remember that formalities are simple and free of charge, although a minimum deposit will be requested for the activation of the bank account. The amounted to be deposited generally varies from one bank to another.
Transactions
Ivorian banks provide different types of banking transactions to their customers, some of which are free of charge, namely the opening of the bank account, the issue of savings booklets, maintainence of the bank account, monthly statements of accounts, statements of annual fees, cash deposits, cash withdrawals at the counter or ATM (provided you are performing the operation with the same bank), checking your balance at the ATM, payment via your bank card and receiving your monthly salary.
Most Ivorian banks provide banking cards to their customers and have electronic payment terminals. You can thus settle your water and electricity bills online. Transfer orders are also quite widespread in the country nowadays.
Useful links:
大咖福利影院 - Banks and finance in Ivory Coast Forum
Direction g茅n茅rale du Tr茅sor et de la Comptabilit茅 publique - List of banks
Banque Centrale des 脡tats de l'Afrique de l'Ouest (BCEO) - Ivory Coast
Banque Nationale d'Investissement
SGBCI
Ecobank
SIB
BICICI
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