How to open a domiciliary account in Nigeria

What is a domiciliary account, and how does it work?

A domiciliary account is also known as a “Dom Account.” It’s a type of bank account that allows users to send and receive money in foreign currency. Domiciliary accounts can receive and save money in euros, dollars, and pounds.

How to open a domiciliary account with First Bank of Nigeria (FBN)

Requirements

  • Two copies of your passport photograph (should be taken recently)
  • A completed account opening form and specimen signature card
  • Any document that can confirm your address. You can use your electricity bill
  • Any means of identification. It can be your NIN, voter’s card, driver’s license or International passport
  • Download the Domiciliary Account Form here
  • Fill out the form and visit the First Bank branch closest to you for submission and account opening

How to open a domiciliary account with United Bank for Africa (UBA)

General requirements

  • A completed account opening form and specimen signature card
  • Two copies of your passport photograph (should be taken recently)
  • A completed account opening form and specimen signature card
  • Any document that can confirm your address. You can use your electricity bill
  • Any means of identification. It can be your NIN, voter’s card, driver’s license or International passport
  • Bank Verification Number (BVN)
  • References
  • Any utility bill
  • Passport photograph
  • Any means of identification. It can be your NIN, voter’s card, driver’s license or International passport
  • Any means of identification (for the Parent/Guardian)
  • Two copies of your passport photograph (both for the child and parent)
  • The child’s birth certificate
  • Any document to verify the address of the parent/guardian

How to open a domiciliary account with Access Bank PLC

Access Bank domiciliary account is for individuals that are residing outside of Nigeria.

  • A completed account opening form and specimen signature card
  • Valid proof of Identity
  • Bank Verification Number
  • Your passport photograph
  • Proof of Residential Address
  • If you’re residing in the United States, a FATCA form will be required as well

How to open a domiciliary account with Guaranty Trust Bank (GTB)

Requirements

  • Two reference forms
  • A completed account opening form
  • Any means of identification. It can be your NIN, voter’s card, driver’s license or International passport
  • A recently captured passport photograph
  • Any utility bill from within the last 3 months

How to open a domiciliary account with First City Monument Bank (FCMB)

An FCMB domiciliary savings account supports the following currencies:

  • European Euro
  • United States Dollar (USD)
  • British Pound Sterling (GBP)
  • A completed account opening form
  • A passport photograph that clearly shows your face
  • If you’re Nigerian, any of one of your NIN, voter’s card, driver’s license or International passport will be required
  • If you’re an immigrant, your Resident Permit will be needed as a means of identification
  • Provide any document that can prove your address. It can be an electricity bill, a recent bank statement, etc

How to open a domiciliary account with Union Bank of Nigeria

Domiciliary Current Account

  • CIU Form
  • Your Bank Verification Number
  • 2 recently captured passport photographs
  • Provide any document that can prove your address. It can be a utility bill or a signed tenancy agreement
  • Any means of identification. It can be your NIN, voter’s card, driver’s license or International passport

How to open a domiciliary account with Wema Bank PLC

Requirements

  • 2 references
  • Your Bank Verification Number
  • A completed account opening form and specimen signature card
  • Your NIN, voter’s card, driver’s license or any valid means of identification
  • Any document that can verify your address. It can be a water bill, electricity bill, house rent bill, etc
  • Third-party withdrawals are not allowed
  • Maximum of 4 withdrawals per month to qualify for interest payment
  • Minimum opening balance of 100 USD, GBP, or Euro for individuals or 150 USD, GBP, or Euro for business entities

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I’m Adetunji Matthew, an Economist, Social Media Manager, software Developer/Marketer Sales Consultant, and Ecompreneur. Join Us at: AidTheStudent.com

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Adetunji Matthew

Adetunji Matthew

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I’m Adetunji Matthew, an Economist, Social Media Manager, software Developer/Marketer Sales Consultant, and Ecompreneur. Join Us at: AidTheStudent.com