FinBank Burundi Banking Options and Expansion Plans

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Burundian franc and US dollar exchange transaction at bank counter.
Credit: pexels.com, Burundian franc and US dollar exchange transaction at bank counter.

FinBank Burundi offers a range of banking options to cater to the diverse needs of its customers. Its services include current accounts, savings accounts, and fixed deposit accounts, making it a one-stop-shop for all banking needs.

The bank's current accounts are designed for individuals and businesses, providing them with a convenient way to manage their finances. With a current account, customers can receive and send money, pay bills, and make transactions with ease.

FinBank Burundi's savings accounts, on the other hand, are ideal for those who want to save money and earn interest on their deposits. The bank offers competitive interest rates on its savings accounts, making it an attractive option for customers looking to grow their wealth.

The bank's fixed deposit accounts are a great way for customers to save money for a specific period, earning a fixed interest rate on their deposits. This option is ideal for those who want to save money for a short-term goal, such as a down payment on a house or a car.

Swift Code Information

Credit: youtube.com, EASIEST Way To Get Swift/BIC Code Of Any Bank || How To Find SWIFT or BIC Code For Banks

A SWIFT code, also known as a BIC (Bank Identifier Code), is a unique identifier for banks and branches worldwide, used to route international wire transfers and messages.

It's an 8-11 character code that identifies your country, city, bank, and branch.

The SWIFT code is made up of 4 parts: Bank code, Country code, Location code, and Branch Code.

The Bank code is a shortened version of the bank's name, usually 4 letters long.

The Country code is 2 letters long, representing the country the bank is in.

The Location code is 2 characters long, made up of letters or numbers, indicating where the bank's head office is.

The Branch Code is 3 digits long, specifying a particular branch, or 'XXX' if it's the bank's head office.

Here's a breakdown of the SWIFT code for FINBANK Burundi:

FINBANK Burundi's SWIFT code is FNBKBIBI, which you should copy when making SWIFT payments to your account in Burundi.

The SWIFT code for FINBANK Burundi's head office in Bujumbura is FNBKBIBI, with a branch address of Boulevard Patrice Lumumba.

Broaden your view: Burundi Currency to Inr

International Money Transfers

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If you're sending money internationally to FINBANK Burundi, you'll need to understand SWIFT codes to ensure your transactions are accurate and efficient.

A SWIFT code, also known as a BIC (Bank Identifier Code), is a unique identifier for banks and branches worldwide, used to route international wire transfers and messages.

You can find the SWIFT code for FINBANK Burundi, as it's essential for international money transfers to this bank.

Digital Banking Expansion

Finbank is expanding its network of services for a complete digital banking experience.

The bank has opened three new branches in strategic provinces, located in Ngozi, Muyinga, and Rumonge.

These branches provide Finbank customers with easier and faster access to its quality banking services.

Finbank's Managing Director Joe Dassin Rukundo and Deputy Managing Director Cimba Willy emphasized the importance of providing accessible, varied, and customized services to meet customer needs.

Through Pesaflash, customers will be able to view their transaction history and conduct transactions securely from their mobile phones.

Credit: youtube.com, How to transfer money to a Finbank account

Finbank is committed to offering varied banking services tailored to the needs of its customers in the provinces, in partnership with the local administration and the Central Bank of Burundi (BRB).

The bank is determined to remain at the forefront of innovation in the banking sector, supported by significant investment in cutting-edge technology and strategic partnerships.

Residents of provinces where Finbank has just opened branches will enjoy facilitated tax payments through advanced digital solutions such as Finconnect.

This initiative aims to stimulate economic activity by reducing administrative constraints for local businesses.

Frequently Asked Questions

What are the biggest banks in Burundi?

The top banks in Burundi are OneSafe, Banque de Gestion et de Financement, Interbank Burundi, Banque Commerciale du Burundi, Banque de Crédit de Bujumbura, and FinBank Burundi. These banks are the largest and most prominent financial institutions in the country.

How to open a bank account in Burundi?

To open a bank account in Burundi, you'll need a passport photo, identification documents, and a minimum opening balance of BIF 50,000. Learn more about the specific documents required and the account opening process.

What is the banking system in Burundi?

The banking system in Burundi is primarily composed of commercial banks and a few formal non-bank financial institutions. However, the sector's underdevelopment, particularly in insurance and pensions, hinders resource mobilization and economic growth.

Angel Bruen

Copy Editor

Angel Bruen is a seasoned copy editor with a keen eye for detail and a passion for precision. Her expertise spans a variety of sectors, including finance and insurance, where she has honed her skills in crafting clear and concise content. Specializing in articles about Insurance Companies of Hong Kong and Financial Services Companies Established in 2013, Angel ensures that each piece she edits is not only accurate but also engaging for the reader.

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