Connect with us

Technology

How to Open a Domiciliary Account with Nigeria Banks in 2020

This post will be discussing How to Open a Domiciliary Account with Nigeria Banks in 2020.

Open a Domiciliary Account with Nigeria Banks

Also Read: This Is How to easily get a US Phone Number for Free in Nigeria

A domiciliary account is a bank account that allows you as a user to make transactions in foreign currencies. If you open a domiciliary account, you will have the opportunity of receiving and making payments directly in foreign currencies.

The account is an alternative to PayPal in Nigeria since at the moment, it does not allow Nigerians to use the platform. Not limited to these, you can get your payment in foreign currency and change to a higher rate in the market anywhere and anytime.

ALSO READ:  Gionee F205 Smartphone Complete Specifications and Price

How to Open a Domiciliary Account with Nigeria Bank in 2020

Recommended: How to Open PayPal Account in Nigeria

  • Walk-in to any Nigeria Bank of your choice and request for a domiciliary account.
  • Present a valid form of identification (maybe your driver’s license, national ID card, international passport, or sometimes voters card), two (2) recently taken coloured passport photographs, two current account holders referee, and Photocopies of your utility bill issued within the last 3 months.
  • You will be given an account opening form to fill and guided in how to fill.
  • You will also be presented two forms by the bank which is to be filled by the two referees.
  • After the submission of forms, your domiciliary account should be active anytime within 48hrs.
ALSO READ:  How To Make Bank Transfers Using GTBank 737 USSD Code

Editor's Pick: How to Add BVN Number to Your Bank Account

Thanks for reading How to Open a Domiciliary Account with Nigeria Bank in 2020, do me a favour by sharing with friends.

Livetechnoid.com is on Google News! To show your support, kindly follow our publication.

Yet another technology geek.

Click to comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.