PostBank Diaspora Classic Account
Why you need this Account
Many Ugandans transfer funds to relatives, friends and acquaintances to meet obligations back home. Quite often, it costs too much to go through traditional money transfer or banking processes to send money home. This is unfortunate as funds transferred from abroad are often relied upon by parents and relatives for survival.
Unfortunately, it often happens that the funds sent home are diverted and they do not serve their intended purposes. Sometimes, emergencies arise leading to many stalled projects in Uganda; and funds sometimes take too long to be delivered.
Ugandans abroad are skeptical about keeping or investing funds at home due to fears of being duped.
Account benefits
- Affordable initial deposits
- Easy to maintain
- No monthly charges
- Interest is calculated monthly and paid twice annually (June and December)
- Direct debit transfers
- Affordable account transfers locally and international
- 24/7 access to your account
- You can access other Bank products and services like loans based on the value of your remittance on your PostBank Diaspora Classic Account
How to open this account
- Log on to PostBank website (
- Click on PostBank Diaspora Banking link page
- Fill an online account opening form specifying your personal details
- An account opening request notification will be sent to your email, confirming receipt of your account opening request
- You will also receive two links. The first link has a copy of the system-generated completed account opening form. The second link will enable you to upload the endorsed account opening form and required documents.
- The PostBank appointed public Notary will verify the documents for attachment
- Scan and upload the endorsed account opening form along with soft copies of your account opening documents
Requirements for account opening
- A signed application form to be uploaded online
- A recent passport photograph in soft or hard copy
- Valid email address
- Initial deposit of $50
- Proper documentary identification for example passport, identity card, driving permit
- An introduction letter from either employer or recognized local authority in the diaspora verified by the public Notary
- Signing mandate
How to deposit funds on this Account
You can deposit funds into the PostBank Diaspora Classic Account by:
- Swift Transfers
- Instruct your bankers to send money to your Diaspora Account using the swift codes
- You can deposit cash at any of our branches back home
How to send money to your diaspora account in PostBankUganda
OPTION I: USING SWIFT
- (i) UNITED STATES DOLLAR
Beneficiary Account Name: PostBank Uganda
Beneficiary Account Number: 12567989
Beneficiary Bank: CITIBANK LONDON
SWIFT CODE: CITIGB2L
IBAN NUMBER: GB34CITI18500812567989
Payment Details: For Further Credit to (FFC) ‘Customer info’ e.g. John Kizito A/C 111000000001
(ii) UNITED STATES DOLLAR
Beneficiary name: PostBank Uganda limited
Beneficiary account number: 36937225
Beneficiary bank: CITIBANK NEWYORK
Swift code: CITIUS33
Payment details: for further credit (FFC) Please put your account Name and number in PostBank e.g. Opio john bosco a/c no.3010000000258
UNITED KINGDOM POUND
Beneficiary Account Name: PostBank Uganda
Beneficiary Account Number: 12567970
Beneficiary Bank: CITIBANK LONDON
SWIFT CODE: CITIGB2L
IBAN NUMBER: GB62CITI18500812567970
Payment Details: For Further Credit to (FFC) ‘Customer info’ e.g. John Kizito A/C 1110000000001
EURO
Beneficiary Account Name: PostBank Uganda
Beneficiary Account Number: 11812734
Beneficiary Bank: CITIBANK LONDON
SWIFT CODE: CITIGB2L
IBAN NUMBER: GB94CITI18500811812734
Payment Details: For Further Credit to (FFC) ‘Customer info’ e.g. John Kizito A/C 1110000000001
OPTION II: WESTERN UNION/ MONEY GRAM
Sender Details:
Sender’s Name: (Put the Name of the Account Holder at PostBank Uganda) e.g. John Kizito
Address: Specify Your Current Address
Telephone Number: Specify the number you can be reached on in case the bank wants to talk to you for clarity.
Receivers Details:
Name: PostBank Uganda Limited
Test Question: What is the account?
Answer: (Give the account number to be credited at PostBank Uganda e.g. 1030000000001
Note: After processing the transaction contact PostBank to share the Transaction details using the addresses below:
Telephone I: +256414340657 (Western Union/Money Gram Desk)
Telephone II: +256417157557/6/5(Diaspora desk)
Telephone III: +256417157200 (Ask to connect to In charge Diaspora Banking)
Email:
Sender’s Names should match with Account Names at PostBank otherwise money should be returned to sender.
NOTE; Endeavour to call the Diaspora desk once you’ve sent your money for follow up and if you decide on using Option Two(western Union or money gram) DON’T SEND DETAILS ON MAIL call the Diaspora desk and give details of your Transfer.
The Bank Officer should fill out a western Union Form, authorized by the Diaspora Relationship Supervisor to effect this transaction in Finacle. The customer should be able to view the transaction online using internet banking platform.
OPTION III:MONEY TRANSFER USING SORT CODE FOR CITIBANK LONDON
Beneficiary Account Name: PostBank Uganda
Beneficiary Account Number: 12567970
Beneficiary Bank: CITIBANK LONDON
SORT CODE: 185008
Payment Details: For Further Credit to (FFC) ‘Customer info’ e.g. John Kizito A/C 1110000000001
PostBank Swift Codes
Euro Correspondent
Account name - PostBank Uganda Limited
Account number - 11812734
IBAN - GB94CITI8500811812734
Bank - Citibank.N.A.London
Swift Code - CITIGB2L
US Dollar
Account name - Postbank Uganda limited
Account number - 0012567989
IBAN - GB34CITI18500812567989
Bank - Citibank.N.A.London
Swift Code - CITIGB2L
GB Pound
Account name - Postbank Uganda limited
Account number - 0012567970
IBAN - GB62CITI185
Bank - Citibank.N.A.London
Swift Code - CITIGB2L
This service allows you to make direct payments like fees, taxes, utility and health bills for people at home, without having to use a middleman.
This way, you ensure that your hard earned finances are being properly spent and you remain in charge even when miles away.