Professional Documents
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mw)
empower you to make the right connections ‘kumudzi’ Please note that an FCDA requires a corresponding local currency account
(current account or a savings account) to facilitate transactability in local
Overview of our services currency and for the Central bank’s Know Your Customer (KYC) regulation.
You are a Unique customer, in a unique market and your needs require your
own combination of financial solutions. Although you live outside Malawi, 1.1.Individuals/Institutions/Groups
your dreams back home are quite big. i. Complete the FCDA opening and indemnity forms.
ii. Complete the Local currency (Lcy) Account opening forms.
Standard Bank limited (Malawi) offers its hand to partner with you in iii. Scan and email the signed forms together with a copy of your valid
fulfilling your financial and investment aspirations in your home land ID with an indication of your preferred currency to
Malawi. diaspora@standardbank.co.mw
iv. You will then be advised by return email of both your savings
Practical and uncomplicated, Diaspora Banking is designed to mould account number and an FCDA number.
perfectly to your needs. Although your interests may be diverse, Standard v. Deposit an opening balance of USD 200 or its equivalent
Bank limited (Malawi) has the solutions that suit all your financial needs. through SWIFT.
This exceptional and exclusive offering integrates quality transactional vi. Please post all your completed forms (originals and a certified
banking, investment solutions, custodial services, investor services and copy of your Identification) to: The Sales Manager, Diaspora,
credit solutions just for you. Standard Bank, P.O Box 30386, Lilongwe, Capital City Branch,
Malawi . This is required for Central Bank’s KYC Audits, otherwise,
This guide will help you get the most out of our relationship. your FCDA will be deactivated after 45 days.
3. Custodial and Investor services Internet banking gives you the freedom to choose your own banking hours
Custody is the action, right or duty of caring for and safe keeping one’s and gives you greater control of your finances. It’s secure, fast and easy to
valuables in safe custody (e.g. in a bank). use.
One-time password
What is a one-time password (OTP)?
It is a unique and time-sensitive password used as added security on Internet
banking. The password does not replace the password you use to log on to
Internet banking but provides a second layer of security. The password will
be sent to you via SMS and is valid for one Internet banking session only.
The rate of bonus interest is country specific and calculated on the interest
accrued figure.
7.3.How to apply
Opening a ContractSave account is easy!
Download and complete the application form from
www.standardbank.co.mw
You can also request an application form from your Diaspora Customer
consultant at diaspora@standardbank.co.mw