The Corporate Current Account (CAV) is intended for any legal entity with a turnover in excess of XOF 1,000,000,000 wishing to domicile its income at the bank and benefit from the bank’s other products and services.
Special Savings Account (CSE)
The special savings account is an account that allows customers to deposit part of their income that is not intended for immediate consumption to build up secure, interest-bearing savings.
The IKA TONO term deposit
This is a form of savings that allows you to invest funds over the short or medium term at a rate of interest fixed in advance.
Plan épargne logement (PEL)
This is a form of saving that allows you to invest funds over the short or medium term at an interest rate fixed in advance.
Project Savings Plan (PEP)
The Project Savings Plan (PEP) is a contract that allows customers to build up an initial deposit for a medium-term project.
The PEP allows customers to benefit from:
- attractive interest on their savings
- consumer credit on favourable terms.
Visa Platinum
The Visa Platinum card is a means of payment and withdrawal that can be used locally and internationally in the affiliated VISA network. The Platinum card includes travel insurance and privileges with local and international partners, such as discounts in hotels and restaurants.
Withdrawal limit
- 2,500,000/ day
- 5,000,000/ week
Payment limit
- 3,000,000/ Day
- 6,000,000/ Week
Visa Gold
The Visa Gold card is a means of payment and withdrawal that can be used locally and internationally in the affiliated VISA network.
Withdrawal limit
- 1,500,000/ day
- 2,500,000/ week
Payment limit
- 2,000,000/ Day
- 3,000,000/ Week
Blue Visa Classic
The Blue Visa Classic card is a means of payment and withdrawal that can be used locally and internationally in the affiliated VISA network.
Withdrawal and payment limit
- 700,000 per day
- 1,000,000/ week
Green Visa Classic
The Green Visa Classic card is a means of payment and withdrawal that can be used locally and internationally in the affiliated VISA network.
Withdrawal and payment limit
- 300,000 per day
- 500,000/ week
The chequebook
Chequebook is a method of payment used by individuals and businesses alike. It allows customers to pay for their purchases nationally.
Afgmobile (internet Bank)
Afgmobile is an Internet portal that allows our customers to track their accounts online. The service is available via the website https://online.afgbank.com/
Main functionalities
- Check balance and history
- Check upcoming transactions.
- Check your securities portfolio and its value.
- Check transactions with value dates.
- transfers from one account to another
- transfers to a specific person.
- Order chequebook.
- RIB printing.
- Receive statements in a format that can be used in account reconciliation software.
AFG e-Bank (Mobile App BICIM)
The Mobile app allows customers to stay always connected to their accounts and in complete security.
It makes it easy to access accounts, track transactions and manage operations. It can be downloaded from the Play store.
SMS BANK
This product enables customers to monitor their accounts remotely from their mobile phone. SMS BANK consists of 8 PUSH alerts enabling customers to have access to all the information relating to the operation of their account:
- Balance and latest movements alert
- Threshold alert
- Overdraft alert
- Debit operator alert
- Credit operator alert
- Card transaction alert
- Cash remittance alert
Mobibank Moov (B2W Moov money)
This service allows customers to use their mobile phone to make transfers from their bank account to their Moov Money mobile account, in both directions and in real time. It also enables customers to check their BICIM balance and their mini statement of the last five BICIM transactions.
Mobibank Orange (B2W orange money)
Mobibank allows you to make transfers from your bank account to your Orange Money mobile account from your mobile phone, in both directions and in real time.
E-Reporting
This product allows you to receive your account statement automatically by e-mail. The frequency of receipt depends on the option you choose when you subscribe.
Cash facilities and overdrafts
One-off debit authorisations attached to the customer’s CAV, to finance short-term cash requirements. It allows you to be in debit for a few days each month.
Advance on receipt
Invoice advance is a short-term loan granted by the bank to a company that has one or more final invoices (without reserve) to represent its receivables from a debtor for work or services that have already been invoiced.
Bank guarantees
A bank guarantee is a transaction whereby the bank undertakes to stand in for its customer in the event of the latter’s default, thereby guaranteeing fulfilment of an obligation to pay.
Campaign loans
Seasonal credit is an advance of funds that enables seasonal businesses to cover their periodic requirements.
Medium and long-term loans
The CMLT is designed to meet the following needs:
- Investment
- Consolidation of working capital
- Project financing
- Asset acquisition and capacity expansion
- Business acquisitions
- Industrial projects
Leasing
Leasing allows a company to finance its investment needs. It is a solution for leasing property for professional use, with a promise to sell at the end of the contract.
Domestic transfers
The national transfer is a means of transferring sums of money within the country by electronic means via SWIFT or SICA.
International transfers
The international transfer is a means of transferring sums of money from one country to another in a dematerialised way via SWIFT or SEPA.
RIA rapid transfer
Receiving and sending funds via the RIA web platform. RIA is a company specialising in international money transfers, enabling its customers to send or receive funds to beneficiaries abroad.
Documents and information to be provided for transfer applications
The purpose of this list is to remind you of the general principles governing the execution and control of foreign settlements and the Central Bank’s assessment of the three fundamental aspects studied during the analysis of the file.
Justification for the transfer in terms of the foreign currency position declared by the bank.
- Production of supporting documents attesting to the reality of the operations.
- Compliance with Regulation R09/2010/CM/UEMOA on the external financial relations of UEMOA Member States.
For more information, visit the BCEAO page : reglement-relatif-aux-relations-financieres-exterieures-des-etats-de-uemoa-textes-application.pdf (bceao.int)
Merchandise settlement transactions
Advance payment – Before importation
With regard of exchange regulations:
- Transfer request signed by the customer
- Exchange authorisation completed and signed
- Commercial invoice(s) showing the terms of the advance
- Intent to import issued by the bank (if other bank, certificate of non-imputation)
- A letter of undertaking from the customer to provide the BIVAC verification certificate (or any other equivalent document) and the transport document (BL/AWB) after import…
After importation
With regard of exchange regulations
- Transfer request signed by the customer
- Exchange authorisation completed and signed
- Final commercial invoice(s)
- Intention to import domiciled with BICIM (if other bank, certificate of non-imputation)
- Transport document (BL/AWB)
Au vu de la BCEAO pour couverture
- Documents prévus par La réglementation des changes
- Attestation de vérification BIVAC (COTECNA, selon le bénéficiaire de La License du moment)
- + la lettre de relance de créance du fournisseur dans le cas où la (les) facture(s) serait(ent) échue(s)
Fuel purchase transactions
To BCEAO for cover
- Transfer request signed by the customer
- Exchange authorisation completed and signed
- Final commercial invoice(s)
- Intention(s) to import domiciled with BICIM (if other bank, certificate of non-imputation)
- BL (bill of lading)
To BCEAO for cover
- Documents required by foreign exchange regulations
- Verification certificate or other equivalent document
- Quarterly statement of commercial debt
- Quarterly table of borrowings
- Forecast statement of borrowings
- Where applicable, a letter of extension justifying any difference of more than eight (08) days in relation to the projected statement of payments.
Foreign investment operations
In accordance with foreign exchange regulations
- Transfer request signed by the customer
- Exchange authorisation completed and signed
- Contract proving the reality of the investment
With regard to the BCEAO for cover
- Documents required by foreign exchange regulations
- Information letter sent to the Minister of Finance
- Proof that the investment is at least 75% financed by foreign loans
- Amortisation schedule
Dividend settlement operations
In view of exchange regulations
- Transfer request signed by the customer
- Exchange authorisation completed and signed
- Resolution of the General Meeting of Shareholders
To BCEAO for cover
- Documents required by foreign exchange regulations
- Company shareholding
- Certified statements for the financial year in question
- Up-to-date tax receipt
- Receipt of IRVM payment
- Minutes of the Board of Directors ruling on the allocation of profits
New vehicle purchase operations
Before Importation
In accordance with foreign exchange regulations
- Transfer request signed by the customer
- Exchange authorisation completed and signed
- Commercial invoice setting out the terms of the advance
- Intention to import issued by BICIM (if other bank, certificate of non-imputation)
- A letter of undertaking from the customer to provide the transport document (BL) and, if applicable, the BIVAC verification certificate (or any other equivalent document) in accordance with the statement(s) on the import declaration.
About the BCEAO for cover
- Documents required by foreign exchange regulations
After importation
In accordance with foreign exchange regulations
- Transfer request signed by the customer
- Exchange authorisation completed and signed
- Final commercial invoice with payment details
- Intention to import domiciled with BICIM (if other bank, certificate of non-imputation)
- BL (Bill of lading)
- Possibly a BIVAC verification certificate (or any other equivalent document), depending on what is stated on the intention to import.
With regard to the BCEAO for cover
- Documents required by foreign exchange regulations
Settlement transactions
In accordance with foreign exchange regulations
- Transfer request signed by the customer
- Exchange authorisation completed and signed
- Invoice(s)
- Service contract indicating the basis for calculating the amount covered by the transfer request + any amendments to the contract
To BCEAO for cover
- Documents required by foreign exchange regulations
- + Tax receipt up to date
Freight settlement operations
In accordance with foreign exchange regulations
- Transfer request signed by the customer
- Exchange authorisation completed and signed
- Freight invoice (max. approx. €20,000.00 per container)
- Bills of lading (BL) corresponding to the freight invoice
With regard to the BCEAO for cover
- Documents required by foreign exchange regulations
- Final commercial invoice for the goods and merchandise transported
- Intention to import domiciled by BICIM (if other bank, certificate of non-imputation) of the invoice for the goods and merchandise transported
- The BIVAC verification certificate (or any other equivalent document) according to the indication(s) on the intention to import relating to the intention to import the goods and merchandise transported.
Technical assistance settlement transactions
In accordance with foreign exchange regulations
- Transfer request signed by the customer
- Exchange authorisation completed and signed
- Invoice(s)
- Technical assistance contract indicating the basis for calculating the amount of the invoice + any amendment(s)
In accordance with foreign exchange regulations
- Documents required by foreign exchange regulations
- Tax receipt up to date
Settlement transactions/salary savings
In accordance with foreign exchange regulations
- Transfer request signed by the customer
- Exchange authorisation completed and signed
- Salary slips
With regard to the BCEAO for cover
- Documents required by foreign exchange regulations
- Work contract
- Certificate of employment less than three months old
Cheque letter
The cheque letter consists of a set of A4 documents, including:
- a covering letter
- a detachable cheque
The cheque letter is a service that enables customers to automate their payments.
The TPE
The Electronic Payment Terminal (TPE) is a service that enables business customers to pay for their purchases by bank card.
Swift net
Swift net is an application that enables any business to send transfer orders via Swift or to receive account statements.
Displaced till
Cash in transit is a solution for outsourcing payments and cheque deposits from the bank to the company’s premises.
Documentary credit
A documentary credit is an undertaking by a bank to pay a specified amount to the supplier of goods or services within a specified period of time, in return for the presentation of documents proving that the goods have been dispatched or the services rendered.
Stand-by letter of credit
A stand-by letter of credit is a signed undertaking by which an issuer undertakes, on the instructions of one of its customers (the originator), to pay a certain amount to a beneficiary at the latter’s request in the event that the originator fails to meet its contractual obligations.
Documentary collection
This is a secure method of payment whereby the seller arranges for the transport (and possibly insurance) documents to be drawn up to the order of a bank, with the bank’s prior agreement. The transport documents are therefore sent at the same time as the invoice, packing list and any other document, with irrevocable instructions to the bank to release all the documents to the buyer only against payment for the supply or acceptance of bills of exchange.
Commercial discount
Discounting is a transaction whereby the bank advances to a company the amount of a receivable represented by a bill of exchange, after deduction of agios. The bank repays itself by collecting the bill from the company’s debtor (creditor) on the due date.
Bank guarantees
This is an irrevocable undertaking by the bank to indemnify the beneficiary of the guarantee in the event of default by a foreign business partner. It enables commercial transactions with foreign countries to be made easier and more secure.
The Professional Current Account (CAV) is intended for any legal entity with a turnover of less than XOF 1,000,000,000 wishing to domicile its income at the bank and benefit from the bank’s other products and services.
Special Savings Account (SSA)
The special savings account enables customers to deposit part of their income that is not intended for immediate consumption, in order to build up secure, interest-bearing savings.
Term deposit IKA TONO
This is a form of savings that enables you to invest funds over the short or medium term at a rate of interest fixed in advance.
Housing savings plan (PEL)
This is a form of savings that enables you to invest funds over the short or medium term at a rate of interest fixed in advance.
Project Savings Plan (PEP)
The Project Savings Plan (PEP) is a contract that enables customers to build up an initial deposit for a medium-term project.
The PEP enables customers to benefit from:
- attractive interest on your savings
- over time, consumer credit on favourable terms.
Pack Pro
Includes :
- A current account
- A Visa Classic card
- SMS Banking
- Internet Banking
- Payment instrument insurance
Pack Pro Plus
Includes :
- A current account
- A Visa Gold card
- An overdraft facility of €500,000
- SMS Banking
- Internet Banking
- Death and means of payment insurance
- Discount on a second Visa Gold or Classic card
Visa Platinum
La carte Visa Platinum est un moyen de paiement et de retrait utilisable en local et à l’international dans le réseau affilié VISA. La carte Platinum comprend une assurance voyage et des privilèges chez des partenaires locaux et internationaux tels que des réductions dans des hôtels ou restaurants.
Plafond de retrait
- 2 500 000 / Jour
- 5 000 000 / Semaine
Plafond de paiement
- 3 000 000 / Jour
- 6 000 000 / Semaine
Visa Gold
La carte Visa Gold est un moyen de paiement et de retrait utilisable en local et à l’international dans le réseau affilié VISA.
Plafond de retrait
- 1 500 000 / Jour
- 2 500 000 / Semaine
Plafond de paiement
- 2 000 000 / Jour
- 3 000 000 / Semaine
Visa classic blue
The green Visa Classic card is a means of payment and withdrawal that can be used locally and internationally in the affiliated VISA network.
Withdrawal and payment limits
- 700 000/ Day
- 1 000 000/ Week
Visa Classic green
The Visa classic verte card is a means of payment and withdrawal that can be used locally and internationally in the affiliated VISA network.
Withdrawal and payment limits
- 300 000/ Day
- 500 000/ Week
Chequebook
A chequebook is a means of payment used by individuals and businesses alike. It enables customers to pay for their purchases nationally.
Cash credit
- Overdraft facility: An overdraft facility is a one-off debit authorisation attached to the customer’s professional or business CAV, to finance short-term cash requirements. It enables you to be in debit for a few days each month.
- Overdraft: An overdraft is an authorisation to debit an account to cover a one-off cash requirement, defined over a period set in advance (generally less than or equal to 12 months). This authorisation must be based on a forecast credit flow; a proven (justified) cash inflow.
Consumer and property loans
Consumer credit/Equipment credit:
This is a loan granted to customers and prospective customers to finance a life project or a specific asset.
It is an amortising loan that is repaid by constant instalments taken from the customer’s CAV. It is compulsory to take out death insurance to cover at least 100% of the capital borrowed.
Crédit Immobilier classic:
A home loan is a loan granted to customers and prospective customers to finance their plans to build, acquire or renovate residential property (including the purchase of land).
Property loans are generally backed by a mortgage.
Repayment is made by monthly deductions from the customer’s CAV, in accordance with pre-agreed terms and conditions. It is compulsory to take out death insurance to cover at least 100% of the capital borrowed.
7-year mortgage loan:
CREDIT IMMOBILIER 7 ANS is a loan granted to BICIM customers to finance their construction, acquisition or renovation projects for residential property (including the purchase of land).
The special feature of this offer is that no mortgage is required.
Repayment is made by monthly direct debits from the customer’s current account, according to pre-determined terms and conditions.
Afgmobile (internet Banking)
Afgmobile is an Internet portal enabling our customers to monitor their accounts remotely. The service is accessible via the website https://online.afgbank.com/
Main functionalities
- View balance and history
- View upcoming transactions.
- View securities portfolio and valuation.
- View transactions with value dates.
- Account-to-account transfers.
- Transfers to a third party.
- Order chequebook transfers.
- RIB printing.
- Receive statements in a format that can be used in account reconciliation software.
AFG e-Bank (Appli mobile BICIM)
The Mobile app enables customers to stay connected to their accounts at all times and in complete security.
It makes it easy to access accounts, track transactions and manage operations. It can be downloaded from the Play store.
SMS BANK
This product enables customers to monitor their accounts remotely from their mobile phone. SMS BANK consists of 8 PUSH alerts enabling customers to have access to all the information relating to the operation of their account:
- Balance and last movements alert
- Threshold alert
- Overdraft alert
- Debit operator alert
- Credit operator alert
- Card transaction alert
- Cash remittance alert
Mobibank Moov (B2W Moov money)
Enables customers to make transfers from their bank account to their Moov Money mobile account from their mobile phone, in both directions and in real time. It also enables customers to check their BICIM balance and their mini statement of the last five BICIM transactions.
Mobibank Orange (B2W orange money)
Mobibank enables you to make transfers from your bank account to your Orange Money mobile account from your mobile phone, in both directions and in real time.
E-Relevé
This product enables customers to receive their account statements automatically by e-mail. The frequency of receipt depends on the option chosen at the time of subscription.
Domestic transfers
The national transfer is a means of transferring sums of money within the country by SWIFT or SICA.
International transfers
An international credit transfer is a way of transferring sums of money from one country to another via SWIFT or SEPA.
RIA rapid transfer
Receiving and sending funds via the RIA web platform. RIA is a company specialising in international money transfers, enabling its customers to send or receive funds to beneficiaries abroad.
Documents and information to be provided for transfer applications
The purpose of this list is to set out the general principles governing the execution and control of foreign settlements and the Central Bank’s assessment of the three fundamental aspects studied during the analysis of the file:
- Proof of the transfer in the light of the external position declared by the bank.
- Production of supporting documents attesting to the reality of the transactions.
- Compliance with Regulation R09/2010/CM/UEMOA on the external financial relations of UEMOA Member States.
For more information, visit the BCEAO page: reglement-relatif-aux-relations-financieres-exterieures-des-etats-de-uemoa-textes-application.pdf (bceao.int)
Merchandise settlement transactions
Before importation
In accordance with foreign exchange regulations :
- Transfer request signed by the customer
- Exchange authorisation completed and signed
- Commercial invoice(s) showing the terms of the advance
- Intent to import issued by the bank (if other bank, certificate of non-imputation)
- A letter of undertaking from the customer to provide the BIVAC verification certificate (or any other equivalent document) and the transport document (BL/AWB) after importation.
After importation
In accordance with exchange regulations :
- Transfer request signed by the customer
- Exchange authorisation completed and signed
- Final commercial invoice(s)
- Intention to import domiciled with BICIM (if other bank, certificate of non-imputation)
- Transport document (BL/AWB)
With BCEAO for cover
- Documents required by foreign exchange regulations
- BIVAC verification certificate (COTECNA, depending on the License beneficiary at the time)
- + dunning letter from the supplier if the invoice(s) is (are) overdue
Fuel purchases
In accordance with foreign exchange regulations
- Transfer request signed by the customer
- Exchange authorisation completed and signed
- Final commercial invoice(s)
- Intention(s) to import domiciled with BICIM (if other bank, certificate of non-imputation)
- BL (bill of lading)
With regard to the BCEAO for cover
- Documents required by foreign exchange regulations
- Verification certificate or other equivalent document
- Quarterly statement of commercial debt
- Quarterly table of borrowings
- Forecast statement of borrowings
- Where applicable, a letter of extension justifying any difference of more than eight (08) days in relation to the projected statement of payments.
Foreign investment transactions
In accordance with foreign exchange regulations
- Transfer request signed by the customer
- Exchange authorisation completed and signed
- Contract proving the reality of the investment
To BCEAO for cover
- Documents required by foreign exchange regulations
- Information letter sent to the Minister of Finance
- Proof that the investment is at least 75% financed by foreign loans
- Amortisation schedule
Opérations de règlement de dividendes
In accordance with foreign exchange regulations
- Transfer request signed by the customer
- Exchange authorisation completed and signed
- Resolution of the General Meeting of Shareholders
To BCEAO for cover
- Documents required by foreign exchange regulations
- Company shareholding
- Certified statements for the financial year in question
- Up-to-date tax receipt
- Receipt of IRVM payment
- Minutes of the Board of Directors ruling on the allocation of profits
New vehicle purchases
Before Importation
In accordance with foreign exchange regulations
- Transfer request signed by the customer
- Exchange authorisation completed and signed
- Commercial invoice setting out the terms of the advance
- Intention to import issued by BICIM (if other bank, certificate of non-imputation)
- A letter of undertaking from the customer to provide the transport document (BL) and, if applicable, the BIVAC verification certificate (or any other equivalent document) in accordance with the statement(s) on the import declaration.
With regard to the BCEAO for cover
- Documents required by foreign exchange regulations
After Importation
In accordance with foreign exchange regulations
- Transfer request signed by the customer
- Exchange authorisation completed and signed
- Final commercial invoice with payment details
- Intention to import domiciled with BICIM (if other bank, certificate of non-imputation)
- BL (Bill of lading)
- Possibly a BIVAC verification certificate (or any other equivalent document), depending on the wording(s) on the intention to import.
To BCEAO for cover
- Documents prévus par La réglementation des changes
Payment for services
In accordance with foreign exchange regulations
- Transfer request signed by the customer
- Exchange authorisation completed and signed
- Invoice(s)
- Service contract indicating the basis for calculating the amount covered by the transfer request + any amendments to the contract
With regard to the BCEAO for cover
- Documents required by foreign exchange regulations
- Tax receipt Up to date
Freight settlement operations
In accordance with foreign exchange regulations
- Transfer request signed by the customer
- Exchange authorisation completed and signed
- Freight invoice (max. approx. €20,000.00 per container)
- Bills of lading (BL) corresponding to the freight invoice
To BCEAO for cover
- Documents required under foreign exchange regulations
- Final commercial invoice for the goods and merchandise transported
- Intention to import domiciled by BICIM (if other bank, certificate of non-imputation) of the invoice for the goods and merchandise transported
- The BIVAC verification certificate (or any other equivalent document) according to the indication(s) on the intention to import relating to the intention to import the goods and merchandise transported.
Technical assistance settlement operations
In accordance with foreign exchange regulations
- Transfer request signed by the customer
- Exchange authorisation completed and signed
- Invoice(s)
- Technical assistance contract indicating the basis for calculating the amount of the invoice + any amendment(s)
With regard to the BCEAO for cover
- Documents required by foreign exchange regulations
- Tax receipt up to date
Payroll transactions/savings
In accordance with foreign exchange regulations
- Transfer request signed by the customer
- Exchange authorisation completed and signed
- Salary slips
As required by BCEAO for cover
- Documents required by foreign exchange regulations
- Work contract
- Proof of employment less than three months old
