Ugandans in the Diaspora to run bank accounts back home

Mr Anthony Kituuka (R) led the team to Chicago  

By Monitor Reporter

Ugandans in the Diaspora will find it easy to run bank accounts back home at their convenience thanks to e-banking services that have been introduced to them by Equity Bank Uganda.

The bank is showcasing feasible investment and banking opportunities for Diaspora customers at the ongoing Uganda North America Convention at the Hyatt Regency in Chicago.

The theme for this year’s convention is Cultural Diversity and Economic Empowerment: Building a Stronger Diaspora Community while Miss Uganda North America is running under Empowering Young Women to Lead.

A delegation led by the Bank’s Executive Director, Mr Anthony Kituuka is attending the Trade and Investment Forum, the Networking Mixer and Miss Uganda North America Beauty Pageant.

They will be sharing more information on diaspora savings, loans and money remittance facilities for Ugandans working globally but are interested in investing and banking in Uganda.

 “It is now very convenient for Ugandans working in the diaspora to run bank accounts back home. As one of the banks handling large inflows of diaspora remittances, we recognise that our customers residing in foreign countries require convenience when they want to transact back home. Our Diaspora banking services have all the features you need to manage your finances while working abroad,” Mr Kituuka said.​

 He said the e-banking system allows Ugandans the Diaspora to make money transfers through SWIFT services and thirteen money transfer solutions across the globe.

He said the bank also offers 24/7 banking support via online banking (EazzyNet), mobile banking (EazzyBanking App) as well as access to financing formortgages, land purchase and equity release facilities.

 “We have taken appropriate security measures to ensure that account opening, transfer processes and management of bank accounts is seamless,” he said.

 Equity Group has banking subsidiaries in Uganda, Kenya, Tanzania, South Sudan, DRC and Rwanda.

The World Bank and Bank of Uganda reports say Ugandans in the Diaspora have been sent home over a $1 billion in the last three years.  In 2017, Ugandans in the Diaspora sent home US $1.4 billion though that figure fell slightly to US$ 1.312 billion in 2018.