Readers ask: How To Open A Dollar Account In Nigeria?

How do I open a dollar account?

Your steps

  1. Enter your zip code to select your Dollar Bank office.
  2. Select the account (s) you’d like to open.
  3. Choose your account features.
  4. Enter your personal information and review any relevant account disclosures.
  5. Choose how you’d like to fund your new account (s).
  6. Submit your information to open your account (s)!

Which bank has the best domiciliary account in Nigeria?

The Best Domiciliary Bank to Open in Nigeria Includes:

  • Table of Contents. Zenith Bank Account.
  • Zenith Bank Account.
  • GTBank Account.
  • Fidelity Bank Account.
  • Uba Bank Account.
  • First Bank Account.
  • Stanbic Ibtc Bank Account.
  • Access Bank Account.

Can I fund my domiciliary account with naira?

You can either make a cash deposit or funds transfer into your Domiciliary account. Also, you may be unable to transfer from your Naira account to your Domiciliary account. Dear Sir, I have a Domiciliary Bank account with Sterling Bank.

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How do I open a dollar account with Zenith Bank?


  1. Account opening form (existing account holders with full.
  2. One passport photograph of authorized signatories.
  3. Valid ID (Driver’s License, International Passport, National Identity Card or Voter’s Identity Card)
  4. Public Utility Receipt dated within the last three months.
  5. Visitation Report (Residence)

Is it good to open a dollar account?

The beauty of having a dollar savings account is that you can make it work for you, especially now (as of this writing) that the dollar -to-peso exchange rate is higher. Aside from the “extra” you will earn from the exchange rate, your foreign deposit account will also earn dollars in interest as well.

How much do I need to open a dollar account in BDO?

Dollar Savings

Minimum Initial Deposit USD 200.00
Minimum MADB Requirement (1) USD 500.00
Minimum Balance to Earn Interest USD 500.00
Gross Interest Rate Per Annum 0.05%

How much does it cost to open a Zenith Bank domiciliary account?

For ordinary domiciliary account, it requires a minimum amount of $1k or naira equivalent, while the zenith bank cash domiciliary account is free.

Do I need money to open a domiciliary account?

To open a domiciliary account with Fidelity bank, you must deposit a minimum of $50/€50/£50, depending on the currency of your choice. If you are a Nigerian resident, you can open a domiciliary account with GTBank. To do so, you must follow these steps: Fill in and sign a Domiciliary Account opening form.

How much does it cost to open a domiciliary account with GTBank?

Opening an account is free but you need to fund the account to activate it. If you do not perform any transaction with it for 6 months, it will become dormant.

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How can I receive a dollar payment in Nigeria?

Ways of receiving money in Nigeria from abroad

  1. Domiciliary account – International Bank wire transfer.
  2. Western Union via Quickteller to your bank account.
  3. MoneyGram.
  4. Western Union money transfer.
  5. Online money transfer.
  6. Payoneer.


How long does it take to open a domiciliary account in Nigeria?

On average, it takes 48-72 hours to activate a domiciliary account. But as soon as your account is active, you can start receiving and withdrawing foreign currencies like the US dollar. If you are a Nigerian living in the US and need to send money home, you can send USD money transfers fee-free with MAJORITY!

How can I fund my GTBank dollar card?

To fund GTBank Dollar MasterCard:

  1. On the mobile banking app or internet banking platform, login and go to Transfers & Withdrawals.
  2. Click on To Own Accounts.
  3. Click on Current Account, then MasterCard/Visa Debit Card.
  4. Enter the total funds you want to move and click OK.
  5. Your GTBank Dollar MasterCard is now funded.

How much do I need to open a Zenith bank account?

According to the Bank, the minimum account opening balance requirement of between N50,000 and N250,000 that in former years acted as a barrier and prevented most Nigerians from being able to open a Zenith account has been removed and everyone can open an account with N0. 00.

Can a foreigner open a bank account in Nigeria?

Yes, a foreigner can open a bank account in Nigeria, but upon fulfilling conditions to operate a bank account in Nigeria in accordance with the extant laws and the Central Bank of Nigerian ‘s regulations.

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Can I open a Nigerian bank account from abroad?

Open an Account Our premium service offers Nigerians in Diaspora the opportunity to open and operate a Nigerian bank account (such as Domiciliary, Savings, Current, Corporate or Joint account ) from anywhere in the world.

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