Malawi
Sign in

Diaspora Account

Nurse Diaspora

For Malawians living or working outside the country, Standard Bank offers its tailored diaspora account. A highly secure and affordable account which allows Malawians in foreign countries to manage their development or investment financing back home. We also enable you to remit funds back to Malawi through a special foreign currency denominated account. Standard Bank also offers value added services to account holders who wish to insure their assets in Malawi, invest the proceeds of their account and facilitate transactions locally.

Some of the benefits

Access on the go

Use your account from anywhere as long as you have internet

Access to Loans

Invest in housing, business and assets through your account

Competitive Rates

Affordable pricing to ensure best value

Security

Your funds are always safe with us and all transactions are secured
How to apply

Submission must include the following information from applicant:

  • Certified copy of passport
  • 2 passport sized photos, scanned and attached
  • Residential permit
  • Certified proof of income – payslip, employment contract or any other document
  • Account opening forms

Complete application forms with supporting documentation should be sent to [email protected]

For inquiries email   [email protected]

Who can apply?

You must be a Malawian Citizen

  1. Must be aged between 18 and 65 years old
  2. Must be a Malawian citizen with a National ID or Passport
  3. Should be able to submit proof of regular income
  4. Note: Terms and conditions apply. 

 

Benefits
  1. Dedicated Private Banker
  2. No minimum book balance
  3. No administration costs
  4. Free mobile and internet banking access
  5. Free email alerts
  6. Free inwards telegraphic transfer
  7. Free online purchases
What you get
  • Free Transactional Account - Available in all the currencies and supported with Malawian investment options. The diaspora account allows you to choose between a single or joint account that comes with a debit card which can be activated for use internationally. The account carries no management fees with same day delivery of inward telegraphic transfers.
  • Access to loans - The account gives clients the option to purchase a home valued up to MK200 million, depending on credit scoring. Clients also have the option to build their dream home without the stress, as the bank works with accredited property developers to manage the project for you. If you already own a home, you can opt to access equity release to free up capital tied in an existing house. Equity release financing goes up to 70% of the home value.
  • Access to Insurance – Diaspora account holders can choose from various bancassurance products. These include funeral cover, loan protection cover and home owners insurance. To ensure full coverage clients can access travel insurance and vehicle insurance as an asset protection option.
  • Access to Digital solutions – With the account and funds held customers are able to transact through Standard Bank’s online banking portal, 247 digital application and the Unayo App from anywhere in the world.
  • How to apply
  • Who can apply?
  • Benefits
  • What you get

Submission must include the following information from applicant:

  • Certified copy of passport
  • 2 passport sized photos, scanned and attached
  • Residential permit
  • Certified proof of income – payslip, employment contract or any other document
  • Account opening forms

Complete application forms with supporting documentation should be sent to [email protected]

For inquiries email   [email protected]

You must be a Malawian Citizen

  1. Must be aged between 18 and 65 years old
  2. Must be a Malawian citizen with a National ID or Passport
  3. Should be able to submit proof of regular income
  4. Note: Terms and conditions apply. 

 

  1. Dedicated Private Banker
  2. No minimum book balance
  3. No administration costs
  4. Free mobile and internet banking access
  5. Free email alerts
  6. Free inwards telegraphic transfer
  7. Free online purchases
  • Free Transactional Account - Available in all the currencies and supported with Malawian investment options. The diaspora account allows you to choose between a single or joint account that comes with a debit card which can be activated for use internationally. The account carries no management fees with same day delivery of inward telegraphic transfers.
  • Access to loans - The account gives clients the option to purchase a home valued up to MK200 million, depending on credit scoring. Clients also have the option to build their dream home without the stress, as the bank works with accredited property developers to manage the project for you. If you already own a home, you can opt to access equity release to free up capital tied in an existing house. Equity release financing goes up to 70% of the home value.
  • Access to Insurance – Diaspora account holders can choose from various bancassurance products. These include funeral cover, loan protection cover and home owners insurance. To ensure full coverage clients can access travel insurance and vehicle insurance as an asset protection option.
  • Access to Digital solutions – With the account and funds held customers are able to transact through Standard Bank’s online banking portal, 247 digital application and the Unayo App from anywhere in the world.
Application forms and key documents
2022-04-02
348 KB
PDF
2022-04-02
86 KB
PDF
2022-04-02
70 KB
PDF
We also offer
Home Loan Product Info Image
Home Loan

A home loan is a mortgage that enables you to own a house for residential use. The loan may also be used to finance improvement or refurbishment of a house you already own. It may also be used to buy out or transfer an existing mortgage from another bank. It is available for both salaried or self-employed customers. We also provide it under scheme where customers can access the loan through their organisation.

Buying a house
Home Loan Protection Plan

This Home loan insurance covers your home loan debt against your death or permanent total disability. In these circumstances, the outstanding amount owing on your home loan will be written off and the Bank will no longer have an interest in the property.