A domiciliary account allows Nigerians to send and receive money in foreign currencies, such as euros, dollars, and pounds. In this post, you will learn how to open a domiciliary account in Nigeria.
What's in this guide?
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.
You can also withdraw the foreign currency from your domiciliary account and convert it to your local currency at the current exchange rate in the bank.
Read: List of banks in Nigeria with their details
How to open a domiciliary account with First Bank of Nigeria (FBN)
Requirements
You will need the following documents to open a domiciliary account with First Bank of Nigeria:
- 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
How to apply for a domiciliary bank account in First Bank of Nigeria (FBN)
- Download the Domiciliary Account Form here
- Fill out the form and visit the First Bank branch closest to you for submission and account opening
Know more about domiciliary accounts at First Bank of Nigeria.
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
Requirements (Freedom Savings Domiciliary Account)
- Bank Verification Number (BVN)
Requirements (Dom Advantage Account)
- References
- Any utility bill
- Passport photograph
- Any means of identification. It can be your NIN, voter’s card, driver’s license or International passport
Requirements (Kiddies Domiciliary Account)
This domiciliary account is for parents that want to open it to save for their kids.
- 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 apply for a UBA domiciliary account
Visit the nearest United Bank for Africa branch and request a Dom account opening form. Learn more about domiciliary accounts at UBA.
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How to open a domiciliary account with Access Bank PLC
Access Bank domiciliary account is for individuals that are residing outside of Nigeria.
Requirements
- 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 apply for a domiciliary account at Access Bank PLC
Visit the nearest Access Bank branch and request a Diaspora account opening form. Learn more about domiciliary accounts at Access Bank PLC.
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 apply for a domiciliary account at Guaranty Trust Bank
Go to any GTB branch and ask for a Dom account creation form. Read more on domiciliary accounts at GTBank.
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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)
Requirements (Domiciliary Savings Account)
You must be at least 18 years of age before you can have a domiciliary account in FCMB. Here are the required documents.
- 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 domiciliary savings account at First City Monument Bank (FCMB)
Visit the FCMB Bank branch closest to your place of residence and ask for a domiciliary account opening form. You can know more about domiciliary accounts at FCMB here.
How to open a domiciliary account with Union Bank of Nigeria
Domiciliary Current Account
The user can bank in both Euros and GB Pounds currencies.
Domiciliary Savings Account
The user can save in US Dollars, Euros and GB Pounds currencies while also earning interest on the amount saved.
Requirements (Domiciliary Savings)
- 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
Note: The requirements for a domiciliary current account are also the same as the ones above. However, you will need to provide 2 valid references.
Also Read: Best student bank accounts in Nigeria
How to create domiciliary savings or current account at Union Bank of Nigeria
Pay a visit to a Union Bank branch to get and complete a Dom account form. The bank staff will direct you on what to do next. You can learn more about Union Bank domiciliary accounts on the site.
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
Note that the Wema Bank domiciliary account has some limitations
- 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
How to apply for a domiciliary account at Wema Bank PLC
Visit the Wema Bank branch closest to your place of residence and ask for a domiciliary account opening form. Alternatively, you can visit this webpage and scroll to the bottom. Click on “Open A Domiciliary Plus Account.”
