Diaspora Organization Account

Features of the Diaspora Organization Account

1. It’s free to open with no required minimum balance
2. You get free monthly E-statements
3. There is no limit on the frequency of withdrawals
4. Account holders have access to international debit cards
5. Account holders have access to internet banking

What You Require to Open this Account

In order to open this account, ensure you have the following documents, which should be notarized by a lawyer or the DRC Embassy in the country of registration:

• Legal registration proof of the non-profit organization
• Operating authorization given by the President of DRC

• Non objection letter given by the NGO’s field supervising ministry in DRC
• Or agreement issued by the ministry of Planning

• Article of associations
  • if not specify in the articles of association, a General Assembly or Board of Directors resolution appointing all the directors and specifying account management power
• Internal regulations
• Valid identification documents of all the founders
• Valid identification documents of all authorized signatories in the account (valid passport, valid residence permit if applicable, photo, etc)
• Account opening resolution signed by duly authorized representatives on the letterhead, then sealed.
• Duly completed and signed account-opening forms.
• FATCA W-9 and confidentiality waiver forms for US clients