https://ib.bankofabyssinia.com
How can I register for this service?
If you are an existing customer of any of our BOA branches then you can contact any BOA Branch for a printed Application form. Alternately you may also download the application form and submit it to your branch.
How much will I pay for the service?
There are no charges to register for InternetBanking.
What does Internet banking offer?
Quick money transferTransfer moneyTransfer to another personStanding ordersLMTS to BeneficiariesSchool fee paymentPay BOA beneficiaryAlert servicesCustomer information
Which accounts can I access through this service? All the accounts assigned to your customer ID number. They include:
Current accounts Savings accounts Credit card accounts Loan accounts Investment accounts (fixed deposits, call deposits accounts)
What are the types of IFB financing products available for Business and consumer customers?
There are two types of IFB Financing products currently being availed at BOA for business and consumer customers; these are; Murabahah Financing and Bi-Salam
How can I apply for IFB Finance?
Apply your Finance request where you have an account in any BOA branch; or at the IFB center found at Belay Zeleke building adjacent to Ethio-Italy cultural institute around Semen Hotel
What makes IFB Financing different from Conventional lending?
• Money cannot be sold at a price higher than its face value or rented out.• Charging on providing service is the basis for earning profit not interest• The execution of agreements for the exchange of goods & services is a must• IFB operates on the basis of profit and loss sharing. In case, the businessman has suffered losses, the bank will share these losses based on the mode of finance used. However, the case is not in the conventional banking system.• The Financing bases on viable assets.