Top 10 Best Banks To Open Domiciliary Account In Nigeria

Best Banks to Open Domiciliary Account in Nigeria, now note domiciliary accounts allows people to do international transactions swiftly.

This type of bank account is best for people who indulge in lots of transactions using foreign currencies like Pounds, Dollars, Euros, Yen, Dira, and other non-indigenous currencies.

With the domiciliary account being the most preferred by international business dealers, many are curious about which banks give the best options on this account.

Zenith Bank Plc

Zenith Bank Plc is the first on the 10 Best Banks to Open Domiciliary Account in Nigeria, also is the first commercial bank in Nigeria to manage two types of household accounts which is the ordinary domiciliary account and the Domiciliary Cash Account, Note you can only make the transfer with the Ordinary and not the Cash domiciliary account.

These accounts can be created with a zero balance, and you will receive a debit card for only USD. The currencies and services available on the accounts of Zenith Bank are:

USD, EUR, and GBP
Email and SMS alert
Zero Opening Balance
Debit Card USD
Internet and Mobile Banking

GTBank Plc

10 Best Banks to Open Domiciliary Account in Nigeria, next on the list is the Guaranty Trust Bank. GTBank Domiciliary Account is also available in the most popular currencies.

Note managing this account, you will have 24/7 access to the available electronic channels and will be able to transfer cash to other national accounts in Nigeria. Withdrawal is also not a problem as you can withdraw from any GTBank branch across the country.

USD, British pounds, and EUR
24/7 banking service through e-channels
Money can be transferred in foreign currencies to other bank’s domiciliary
Cash withdrawal of foreign currency in any GTBank outlet

Fidelity Bank Account

Fidelity is also in the 10 Best Banks to Open Domiciliary Account, With fidelity bank accounts you can also make international transactions. To open an account with Fidelity Bank Nigeria here are the features of their domiciliary account:

Minimum balance £50, $50, €50
Minimum operating balance: $30, €30, £20
USD, GBP, and Euro
Standing order
Internet banking, SMS, and email alerts
The interest rate on fixed deposit, call, and demand
Investment facilitation services for shares traded on NSE

First Bank

First Bank is one of the commercial banks in Nigeria, First Bank is also on the 10 Best Banks to Open Domiciliary Account in Nigeria With these phone bills, you can facilitate international transactions on the Internet.

The First Bank manages two types of Domiciliary Accounts: FirstDom Plus and Domiciliary Account, Both are designed for different kinds of customers FirstDom is intended for customers who have a balance of $ 5,000 or more, and Domiciliary Account in the First Bank allows you to hold currencies like USD, GBP, and Euro. Features are as follows:

No maximum amount of withdrawal for one mouth
Cash withdrawal per transaction is 0.5%
Guaranteed FCY deposit
Zero restriction on withdraws
Minimum opening balance $500, €500, £300
Minimum operating balance $100, €100, £30

Stanbic Ibtc Bank

A professional person who has a lot of international transactions, the Domiciliary Account in Stanbic IBTC bank might be what you need as it ranks in the 10 Best Banks to Open Domiciliary Account in Nigeria.

Also, you can receive and transfer foreign currencies other than the naira. At Stanbic IBTC Bank, you can open different accounts for different currencies, such as USD, GPB, and Euro. Here are some other features to look out for:

Minimum deposit of $€£100 for an individual and $ $€£500 for business
Internet and Mobile Banking Services
USD, GBP, and EURO

Access Bank

Access Bank ranks among the 10 best banks to open a domiciliary account in Nigeria the membership bank also offers the best Domiciliary Accounts in Nigeria.

Being one of the most popular and with many customers, Access Banks allows its customers to transfer and receive money in different currencies. The Domiciliary Accounts features:

Minimum opening balance $100, €100, £100, and £100
Internet and Mobile Banking Services
Different variations of debit cards, depending on customer preference
USD, GBP, YEN, and EURO

Union Bank

Union Bank domiciliary accounts rank among the 10 best banks to open a domiciliary account in Nigeria. The currencies in the Union Bank Domiciliary Accounts are USD, GBP, FCY, and Euro, Union Bank offers a change in Domiciliary Account, according to the needs of the customers.

Types of Domiciliary Accounts and Features available at Union Bank Nigeria:

Dom advantage account
Dom advantage plus
Free Dom account and U-Care Dom account
Internet Banking, Email, SMS alter, and bank statement
Unlimited withdraw
Minimum opening balance $100, €100, £100, and £100

Polaris Bank

Polaris Bank’s initial account allows you to store and transfer luxury money in various currencies, such as USD, GBP, and EUR. It will enable you to pay bills, school fees, and other foreign currency transactions from your comfort zone.

The Polaris Bank ranks in the 10 Best Banks to Open Domiciliary Account in Nigeria and notes this type of account can be used as collateral for a naira loan.

Minimum opening balance: $100 and €£50
debit card is required for your transactions
Internet Banking, Email, SMS alter, and bank statement
USD, GBP, and EUR

FCMB Bank

First City Monument Bank is the second bank in the Best Banks to Open Domiciliary Account in Nigeria. To open a domiciliary Account the FCMB Domiciliary Account allows customers to keep an account in foreign currency.

The currencies and features available at the FCMB accounts are

USD, GBP, and EUR
Minimum opening balances: $100, £70, and €60
debit card is required for your transactions
Internet Banking, Email, SMS alter, and bank statement

Requirements To Open Domiciliary Account In Nigeria

Note: Best Banks to Open Domiciliary Account in Nigeria, account opening requirements in Nigeria differ in different banks. However, this are a few major requirements: