Eligible Customer Categories for Freelancer Accounts
Eligible Customer Categories for Freelancer Accounts
- Individuals IT professionals working on online platforms to generate income
- Individual Tutoring professionals working on private tuition institution
Eligible Products
Eligible Products
- Any LKR account
- PFCA/BFCA account to receive their payments in FCY
Subject to adherence to the guidelines issued by the bank, a Freelancer customer is eligible to open any other types of accounts based on the eligibility.
Key Benefits for IT Professionals
Key Benefits for IT Professionals
- Personal Loans up to LKR 5 million
- Attractive interest rates on personal foreign currency accounts (PFCA) and business foreign currency accounts (BFCA)
- DFCC Pinnacle. Prestige, Salary Partner or Salary Plus benefits based on your income
- Attractive Interest Rates on savings accounts and fixed deposits
- Tailor-made Mastercard credit card benefits with a joining fee waived, 2% cashback on foreign currency transactions and up to 0 months % easy payment plans.
- DFCC Aloka benefits for female freelancers
- Special insurance packages
Key Benefits for Tutoring Professionals
Key Benefits for Tutoring Professionals
- Personal Loans up to LKR 5 million
- Housing Loans processed within 10 working days
- 1st cheque book free with current account
- One-Day Leasing Facilities at the best interest rates
- Complimentary DFCC Prestige Credit Card with up to 3.0% cash back
- Zero registration and annual fees on the DFCC Prestige Credit Card
- Doorstep deposit collection service
Proposition-based benefits and perks can be referred to below.
The account opened under the DFCC Freelancer category will be eligible for the following propositions of the bank based on below monthly income:
| Proposition | LKR Amount | USD Equivalent |
|---|---|---|
| Pinnacle | Rs. 500,000 | The equivalent USD amount will be used as per the date of conversion |
| Prestige | Rs. 150,000 | |
| Salary Partner | Rs. 50,000 | |
| Salary Plus | Rs. 25,000 |
How to Become a DFCC Freelancer
How to Become a DFCC Freelancer
- By visiting a branch to open an account.
- Apply online to open a Via DFCC Digital Onboarding.
Please note* You are eligible to open any savings account via DFCC Digital Onboarding, where you can be categorised as Freelancers only when you select the employment type as ‘Freelancer’.
Key Features of the Specialised Mastercard for DFCC Freelancer
Key Features of the Specialised Mastercard for DFCC Freelancer
Please note* that Freelancers working only on Fiverr, Upwork, and Freelancer.com are eligible for this credit card. In addition to the standard data, customers must provide the below details and documentation for evaluation.
- The platform(s) the applicant is working on
- Applicant’s profile name on the platform
- Applicants Rating on the Platform
- Duration of working on the platform
- 6-month work order from the platform
- 6-month earnings from the Payoneer wallet
- 6-month earnings remitted bank statements
| Features | Details |
|---|---|
| Product | World Mastercard Freelancer Credit Card |
| Joining / Annual Fee | Joining Fee – FOCAnnual Fee – Rs.4,500/- |
| Interest Rate | 28% p.a. |
| Cash Advance and LOC limit | 75% of the credit limit. Cash advance fees will be charged as per the tariff. |
| Cashback | 1% on LKR transactions2% on FCY transactions |
| Easy Payment Plans | 6 months 0% Installment Plans.
Min Rs.25,000/- and Max Rs.1,000,000/- for transactions. A set-up fee of Rs1,500/- will be charged for all EPPs. |
| Recovery Method | Mandatory recovery of 5% Standing Instruction to be placed. |
| Tariff/Benefits | The General Credit Card Tariff and World Mastercard benefits will be applicable. |
Insurance Solutions for DFCC Freelancer
Insurance Solutions for DFCC Freelancer
- Age Limit: 18 – 70 Years
- Policy Period: One year from the date of commencement of the policy
- Geographical Limits: Within Sri Lanka only
- Waiting Period: Illness/Sickness 90 days
- Number of serious Illness covered: 20
Coverage/Sum Insured
| BENEFIT | PLAN A | PLAN B | PLAN C | PLAN D | PLAN E |
|---|---|---|---|---|---|
| Hospitalisation benefit within Sri Lanka – Annual/Event limit(Serious Illness only) | 100,000 | 200,000 | 300,000 | 400,000 | 500,000 |
| Section 01 | |||||
| Total Hospital room charges, including admission fees per event(serious illness only) | 30,000 | 60,000 | 90,000 | 120,000 | 150,000 |
| Section 02 | |||||
| Specialised services per event | 20,000 | 40,000 | 60,000 | 80,000 | 100,000 |
| Section 03 | |||||
| All other expenses, including surgeon’s and doctor’s charges, Operational expenses, Medical expenses and emergency transportation per event | 50,000 | 100,000 | 150,000 | 200,000 | 250,000 |
| Premium with Tax (Rs.) | 1,000 | 1,500 | 2,000 | 2,750 | 3,250 |
Frequently Asked Questions (FAQs)
Frequently Asked Questions (FAQs)
- What is DFCC Freelancer for IT professionals?
- DFCC Freelancer is a banking solution designed for individuals engaged in platform-based work or gigwork such as Fiverr, Freelancer.com, Upwork, and similar entities in exchange for payments in foreign currency. Freelancers can open PFCA/BFCA or LKR accounts and remit funds in preferred currency from Payoneer, skrill or directly to accounts via inward remittance.
- What is DFCC Freelancer for Tutoring professionals?
- DFCC Freelancer for Tutoring professionals is a new financial solution and a bundled offer tailored to meet the operational and growth requirements of Tutoring professionals.
- How do I open an account under DFCC Freelancer?
- You can either visit a branch or apply online using the DFCC Digital Onboarding platform
- What are the benefits of having an account under the DFCC Freelancer segment?
For It professionals- Personal Loans up to LKR 5 million
- High-interest rates on personal foreign currency accounts (PFCA) and business foreign currency accounts (BFCA)
- Exclusive DFCC Pinnacle. Prestige, Salary Partner or Salary Plus benefits based on your income
- High-Interest Rates on savings accounts and fixed deposits
- Tailor-made Mastercard credit card benefits with a joining fee waived, 2% cashback on foreign currency transactions and up to 0 months % easy payment plans.
- DFCC Aloka benefits for female freelancers
- Special insurance packages
For Tutoring professionals
- Personal Loans up to LKR 5 million
- Housing Loans processed within 10 working days
- 1st cheque book free with current account
- One-Day Leasing Facilities at the best interest rates
- Complimentary DFCC Prestige Credit Card with 3% cash back
- Zero registration and annual fees on the DFCC Prestige Credit Card
- Doorstep deposit collection service
- Can I receive payments from international clients through my account under the DFCC Freelancer category?
- Yes, you can receive payments from your international clients
e.g., if you open a Foreign currency account in USD, GBP, or EURO, you can accept payments in such currencies
- Yes, you can receive payments from your international clients
- What support options are available if I have any concerns or questions regarding my account?
- You may register to DFCC ONE or Online Banking to view your account-related information, or you may contact our 24-hour Contact Centre on 011 235 0000 and submit an inquiry form through our website.
