How To Open A Domiciliary Account In First Bank,GTBank,Fidelity,Zenith,Diamond Bank & All Banks

Do you want to have access to foreign currencies such as Dollars,
Pounds and Euro? If your answer is yes,then you should open a domiciliary account with your bank. 

Opening a domiciliary account is essential if you always deal on foreign currency,or you always shop or make transactions online in foreign currency. 

Opening a domiciliary account will also help you to save money because most often Nigerian commercial banks will convert the money at a very low rate when you can actually get a higher amount at the black market. 

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This post contains the requirements that you will need and also how to open a domiciliary account in First Bank,GTBank,Zenith Bank,Diamond Bank and other Nigerian commercial banks.  

For business people,domicilliary account makes doing business internationally a lot easier.

How To Open A Domiciliary Account In Any Commercial Bank In Nigeria

Listed below is the general requirement and procedure for opening a domiciliary bank account with any commercial bank in Nigeria. 

Procedure For Opening A Domiciliary Account With Any Bank In Nigeria

Visit any of the commercial banks in Nigeria and get the domiciliary account opening form.

Fill in your personal details and submit it with the following documents:

• A means of identification such as drivers license, International passport, National ID Etc

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• 2 Reference letter from previous domiciliary or current account holders.
• A copy of your recent utility bill, for example Electricity bill, water bill or telephone bill.
• 2 current passport photographs.

If you already have a current account with the bank, some steps might be be necessary. 

Also note that you must be running either a savings or current account along with the domiciliary account.

Some commercial banks might require you to have a minimum deposit of $100. 

Within a period of 48-72 hours, you should receive your domiciliary account number and other details via email or text message. 

Individuals and corporate organizations can also open a domiciliary account. 

Procedure For Opening A Domiciliary Account With First Bank 

Individuals and Corporate organisations can operate this account.

Documents needed include: 

• Duly completed and filled Account Opening Form.
• Duly completed specimen signature card.
• Two (2) recent passport photographs.
• Address verification document: example your current Utility Bill.
• Valid means of identification e.g. International passport, Driver’s license or National ID card or Resident permit for non Nigerians. 
• This account allows you save in US Dollars,Pounds Sterling or Euro; while your money is valued at the prevailing exchange rate. 

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Procedure For Opening A Domiciliary Account With Diamond Bank

Requirements:

• Minimum opening deposit of of $100, €100 or £100, you can also withdraw some part of the money.
• Valid means of Identification: e.g International passport, National ID or Drivers lincence.
• Two (2) independent and satisfactory references (For Checking account only)
• Two (2) recent passport photographs are required
• Utility Bill, for verification of address. 
• Resident permit (for non Nigerians)

Read Also: First Bank Internet Banking,How To Register

How To Open A Domiciliary Account With GTBank Nigeria

Requirements

• Identification Card: Valid Identity card like International passport, drivers license, National ID card.
• 2 clear passport photos recently taken.
• 2 referees.
• Utility Bill: Photocopy of your Utility bill issued in not more than 3 Months.

See Also: GTBANK Internet Banking Login


Procedure For Opening A Domiciliary Account With UBA Bank 

Requirements

• Minimum opening deposit of of $100, €100 or £100.
• Valid means of Identification: e.g International passport, National ID or Drivers lincence.
• Two (2) independent and satisfactory references (For Checking account only)
• Two (2) recent passport photographs.
• Utility Bill, to verify your address.
• Resident permit (for non Nigerians).

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Procedure For Opening A Domiciliary Account With Zenith Bank

Requirements

• Account Opening form duly completed & signed.
• Two (2) specimen signature cards duly completed.
• Two (2) recent clear passport size photographs with your name and signature written on the reverse side.
• Residence permit for non Nigerians. 
• A valid form of Identification such as International Passport, Driver’s License or National I.D.
• A copy of a Public Utility Receipt (not older than 3 months).
• Initial Deposit.
• Two References.
• You must have an active account with the bank operating in not less than 6months.

Within 48-72hours, you will receive an SMS about your domiciliary account details.