How do I open a domiciliary account in Nigeria?

Which bank has the best domiciliary account in Nigeria?

Top 5 Banks To Open A Domiciliary Account With In Nigeria

  • Zenith bank. Zenith bank is one of the leading banks Nigeria with good customer service and products. …
  • Guaranty Trust Bank. …
  • Fidelity Bank. …
  • First Bank. …
  • UBA.

How much does it cost to open a GTB domiciliary account?

Opening an account is free but you need to fund the account to activate it. If you do not perform any transaction with it for 6 months, it will become dormant.

Can I withdraw dollar from my domiciliary account in Nigeria?

Most banks offering domiciliary accounts issue debit cards denominated in foreign currencies. … While in Nigeria, withdrawals in dollars (or other foreign currency) can only be done over the counter.

What are the requirements to open a domiciliary account?

The following documents are required to open an Domiciliary account:

  • Means of address verification.
  • 2 references.
  • 2 Passport photographs.
  • Valid ID of each signatory.
  • Residence Permit (Foreigners)
  • Forms CO7 and CO2 as applicable for companies.
  • Certificate of Incorporation / Business Registration for companies.
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How can I send money to my domiciliary account in Nigeria?

To start sending money to Nigeria online

Companies like Western Union and MoneyGram offer the option of cash pickups from thousands of agent locations across Nigeria. From Payoneer, you can transfer directly into your local bank account or your domiciliary account.

How can I fund my GTBank domiciliary account?

Available in US Dollar, Pounds or Euro, you can fund your account via traveler’s cheques, foreign currency cheque lodgments and cash inflows and deposits. You can also make withdrawals from any GTBank branch. 24/7 Banking services via our various e-channels. Cash withdrawals in foreign currency from any GTBank branch.

Can I fund my domiciliary account with naira?

This is where domiciliary accounts come in handy. A domiciliary account, commonly called a “dom account,” is a type of account that doesn’t accept Naira (Nigerian currency). It does, however, accept foreign currencies such as euros, dollars, pounds, etc. The domiciliary account works like any other savings account.

How much is a dollar to naira in GTBank?

Latest US Dollar to Naira GTBank exchange rate is ₦ 440 as of 28/07/2021 at location Online.

GTBank Naira Exchange Rates.

Currency Rate Date
USD ₦ 440 28/07/2021
GBP ₦ 622 16/07/2021
INR ₦ 6.02 14/07/2021
EUR ₦ 533 07/07/2021

How can I withdraw money from my domiciliary account?

How to withdraw foreign currency from domiciliary accounts. The easiest way to withdraw money from your dom account is by walking to any bank branch near you; however, it must be the same bank with which you opened your account. walk to the bank customer service and make clear your intentions.

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Can I open a dollar account in Nigeria?

How to open a US dollar bank account in Nigeria. Most major banks in Nigeria offer US dollar accounts and have simple, user-friendly account policies. … A copy of your ID (driver’s license, International passport, National I.D Card, or any other acceptable ID by the bank)

Can I receive dollars in my Naira account?

No, you can not. The ordinary savings account is for transactions in local currency. You will need to open a Domiciliary Account, where you can receive foreign currency e.g. dollar, pound, euro, etc. You can receive dollars in your local bank account in Nigeria through the Western Union.

How do I fund my dollar account in Nigeria?

How to Fund GTBank Dollar MasterCard

  1. On the mobile banking app or internet banking platform, login and go to Transfers & Withdrawals.
  2. Click on To Own Accounts.
  3. Click on Current Account, then MasterCard/Visa Debit Card.
  4. Enter the total funds you want to move and click OK.
  5. Your GTBank Dollar MasterCard is now funded.

How does a domiciliary account work?

A domiciliary account is a specific kind of bank account that allows you to receive and make payments in foreign currencies, including US dollars. All money in a domiciliary account is valued at the current naira exchange rate.

How do I receive international payment in Nigeria?

Here are nine of the most popular ways to receive money from overseas in Nigeria:

  1. WorldRemit. With WorldRemit, you can receive money from clients, family, and friends residing abroad at low service rates. …
  2. TransferWise. …
  3. MoneyGram. …
  4. Western Union. …
  5. Ria Money Transfer. …
  6. Payoneer. …
  7. Skrill. …
  8. Paystack.
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