Procedures to Open a Corporate Bank Account with Ecobank Cameroon

Requirements for a business bank account with Ecobank Cameroon

Once you incorporate your business in Cameroon, the next thing that you should have in mind is having a corporate bank account for your company. For your business’ health, it’s necessary for you to separate you business transactions from personal transactions. Having an account with one of the most popular banks, Ecobank Cameroon, may be your choice.

Recommended: 5 Easy Steps to Form a Limited Liability Company in Cameroon

I will share with you the current procedures regarding opening a company bank account with Ecobank Cameroon. You should take note that the procedures for opening a bank account in Cameroon are not complicated. These procedures can vary from one bank to another.

Also, the documents required for opening a savings, salary or current account are different. Each bank may have something additional, hence it’s necessary for you to verify with any other bank before hand.

However, to open a business bank account in Cameroon, you need to produce copies of your business registration certificate and business license amongst other documents. If you have not yet incorporated your business, don’t hesitate to get in touch with us to facilitate the work. We can get your company incorporated within 10 and 14 working days.

Ecobank Cameroon Corporate Account Requirements

Private and Public Limited Companies

• Company articles of association as required by OHADA (notarized)
• Certified sketch map of business location
• Notice of publication of statutes
• General Assembly Minutes constituting the company (required only for Public Limited Companies)
• Valid Business license
• Taxpayers number (valid taxpayer’s card)
• Tax certificate (certificate of non-indebtedness)
• Company stamp
• Two 4X4 passport-sized photographs of the account signatories
• Valid National Identity Cards or Passports of the signatories (photocopy needed also)
• Authorization to manage the bank account issued by the company executives (notarized).
• Postal Address of the company
• Bank references
• Initial deposit: Public limited company – XAF500,000 Private limited company – XAF250,000 NB: This amount can be withdrawn instantly after creating the bank account. It can also be reduced in cases where the amount is not immediately available

If there’s any additional documentation needed, the bank will notify you. Note that all originals of the required documents will need to be verified before the account is created. So it’s very necessary for you to take the originals alongside the photocopies.

Checkout these useful links:

Open a Corporate Account with Afriland First bank

Open a Corporate Account with BICEC

Open a Corporate Account United Bank for Africa

How to Open a Business Bank Account for Your Company in Cameroon

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