Accounts, Deposits, and Payment Methods

Bank of Africa Europe provides accounts to streamline your international transactions and offers a wide range of payment methods to facilitate the management of imports and exports to and from abroad. 

1. Current accounts in euro and foreign currencies

If you export goods or services, you can manage your international business payments and receipts in either foreign currencies or euro.

2. Time deposits in euro and foreign currencies

Your company can take advantage of our interest-bearing deposits in euro and foreign currencies. Feel free to contact us for more information.

3. Global payments and account management

We provide a wide range of account management services and solutions for foreign entities in the Middle East, North Africa, Sub-Saharan Africa, and other African countries that have accounts with us.

4. Foreign currency payments

Bank of Africa Europe processes all your foreign currency payments via its extensive correspondent banking network across various countries, covering transactions managed by us,  such as foreign trade, Forex, SWAP, Forward contracts, and more.

5. Euro Payments via the "Target2 System"

Bank of Africa Europe is a direct participant in the Target2 System for large euro payments with real-time gross settlement. This allows for online payments and ensures that the beneficiary receives the funds in euro with same-day value date. 

INFORMATION ON THE DEPOSIT GUARANTEE FUND.