Bazeinfo.comBazeinfo.comBazeinfo.com
  • Jobs
  • Visa
  • Scholarship
  • Education
  • Insurance
  • Real Estate
  • Immigration Assessment
Reading: How to Open a Domiciliary Account With Nigerian Banks
Share
Notification Show More
Font ResizerAa
Bazeinfo.comBazeinfo.com
Font ResizerAa
  • Jobs
  • Visa
  • Scholarship
  • Education
  • Insurance
  • Real Estate
  • Immigration Assessment
Search
  • Jobs
  • Visa
  • Scholarship
  • Education
  • Insurance
  • Real Estate
  • Immigration Assessment

Top Stories

Explore the latest updated news!
indonesia-visa

What You Should Know About Indonesia Visa Application: Apply Here

Canada passport

How to Apply for a Canadian Student Visa Online

2
coffee

How to Start a Mini Importation Business in 2023

Stay Connected

Find us on socials
248.1k Followers Like
61.1k Followers Follow
165k Subscribers Subscribe
Bazeinfo.com © 2021. Registered Under CAC ® 3607883
Bazeinfo.com > Blog > Trending > How to Open a Domiciliary Account With Nigerian Banks
Trending

How to Open a Domiciliary Account With Nigerian Banks

Bazeinfo.com
Share
SHARE

With the rising value of the dollar against the naira, many Nigerians are now looking for opportunities to earn foreign currencies, even while still in Nigeria. Fortunately, the gig economy and the growing remote work landscape are making that easier.  

This has made opening a dorm account necessary for Nigerians more than ever before. But what is a dorm account? 

SEE GtBank POS Machine Application, Pricing, and Charges for 2023

A domiciliary account is a bank account that allows you to hold and transact in foreign currencies. It is a useful account to have if you receive or send money abroad, travel frequently, or do business with international clients. 

In this article, we take you through the process of opening a domiciliary account in Nigerian banks and the requirements.  

What you need to open a domiciliary account 

To open a dorm account in a Nigerian bank, you will typically need to provide the following documents: 

  • A completed domiciliary account opening form 
  • A valid means of identification, such as an international passport, national identity card, or driver’s license 
  • Recent passport photograph 
  • Proof of address, such as a recent utility bill  
  • Two references, who can be friends, family members, or business associates who have known you for at least two years 

In addition to the above, some banks may also require you to make an initial deposit into your domiciliary account. The amount of the deposit will vary depending on the bank.

Once you have submitted your documents and made the required deposit, your domiciliary account will be opened. You will then be able to start receiving and sending money in foreign currencies. 

READ Access Bank 2023 Entry Level Recruitment And Internship Program

Step-by-step approach 

The steps below will guide you through the process of opening a domiciliary account: 

Choose a bank: There are many different banks in Nigeria that offer domiciliary accounts. Do some research to compare the different banks and choose one that is right for you. 

Visit a branch of the bank: Once you have chosen a bank, visit a branch of the bank to open your domiciliary account. 

Fill out the domiciliary account opening form: The domiciliary account opening form will ask for your personal information, such as your name, address, date of birth, and occupation. It will also ask for your identification and proof of address documents. 

Submit your documents and make the required deposit: Once you have filled out the dorm account opening form, submit it to a bank representative along with your identification and proof of address documents. You will also need to make the required deposit into your account. 

SEE ALSO 2023 Wema Bank Nigeria Sales Bankers-In Training Programme for Young Nigerian Graduates

Wait for your account to be opened: Once you have submitted your documents and made the required deposit, your dorm account will be opened. You will then receive a debit card and/or checkbook for your account. 

Note that bank charges may also apply on this account and this why it is important to research first about these banks to know which one offers the best terms and conditions for you. It is also advisable to ask the bank representative about any fees or charges that may be associated with your domiciliary account. 

Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Copy Link
Previous Article GTA 6 - GTA VI Download Download GTA 6: Grand Theft Auto 6 Game Release Date Revealed
Next Article GBWhatsApp Pro Download Download GBWhatsApp Pro v17.57 Latest Version For Android

-ADVERTISEMENTS-

Trending Contents

Vanier-Canada-Graduate-Scholarship
Vanier Canada Graduate Scholarship (Vanier CGS) 2023/2024
Scholarship
Queens University
Queen’s Loyalty Scholarship Application
Scholarship
White and Brown Wooden House Near Bare Trees Under White Sky
How to get a Cheap Mortgage in Canada as an Immigrant
Trending
laptop
How to find your IBAN Number
Trending
How-To-Apply-For-Schengen-Visa
Schengen Visa Application: Apply for Schengen Visa
Visa

Related Stories

Uncover the stories that related to the post!
Market Dynamics And Factors For Microencapsulated Pesticides Market
Trending

Microencapsulated Pesticides Market With Geographic Segmentation, Statistical Forecast And Competitive Analysis Report To 2023

1
Amazon Login and Signup
Trending

How To Create Amazon Account (Login and Sign In)

NDLEA Recruitment
JobsTrending

NDLEA Recruitment 2023/2024 Application Form | NDLEA Login Portal

Amazon KDP Login
Trending

Amazon KDP Login – Sign Up | kdp.amazon.com

Backpacking Travel
TravelTrending

Backpacking Travel: All You Need to Know Before Backpacking

Phoenix Browser
Trending

How To Submit Your Site/Blog To Phoenix News (Phoenix Browser)

coffee
Trending

How to Start a Mini Importation Business in 2023

How Artificial Intelligence is Transforming Amazon KDP Publishing
Trending

How to Setup Amazon Kindle: A Step-by-Step Guide

Show More
-ADVERTISEMENTS-
Bazeinfo.com Bazeinfo.com

With over Thousands of readers, Bazeinfo is a comprehensive information, technology, insurance, jobs and finance blog that curates relevant news and updates globally.

In addition to providing you with everything you need to know about visas and passports, Bazeinfo.com is also your go-to source for all the latest international and local job opportunities. 

  • Categories:
  • Jobs
  • Travel
  • Trending
  • Business
  • Immiration
  • Scholarships
  • Softwares & Apps

Quick Links

  • Blog
  • Home
  • Privacy Policy
  • Disclaimer Policy
  • Terms and Conditions

Navigation

  • About Us
  • Contact Us
  • Newsletter Subscription
  • Immigration Assessment

Bazeinfo.com © 2021. Registered Under CAC ® 3607883

Welcome Back!

Sign in to your account