Top 5 Banks To Open Dollar account (domiciliary account) in Nigeria 2022

Top 5 Banks To Open Dollar account (domiciliary account) in Nigeria 2022

Top 5 Banks To Open Dollar account (domiciliary account) in Nigeria 2022

welcome to goldenloaded, my name is oladiran olamilekan,I will like to discuss about Top 5 Banks To Open Dollar account (domiciliary account) in Nigeria 2022

Open a dollar account in Nigeria is useful for regular foreign currency transactions or savings. You can also use it to transfer money from your bank account to any other accounts that accept dollars.

What is a Dollar Account?

A dollar account is a foreign currency bank account, which can be opened in any bank in Nigeria. It is used for storing foreign currency and making foreign currency transactions.

There are three types of dollar accounts:

  • Domiciliary Accounts
  • Commercial Accounts
  • Negotiable Instrumental Account

Why Do You Need a Domiciliary Account in Nigeria?

To open a dollar account in Nigeria, you must have an NID. You are required to be a resident of Nigeria and must be 18 years or above. If you are not yet 18 years and above but wish to apply for this facility, then you can visit your nearest branch of the bank on which your NID card is registered and submit papers for approval there before proceeding with the application process.

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If you do not have any valid passport or ID card as mentioned above, it would be advisable that before applying for this facility at whichever bank has extended its services towards Nigerians living abroad through its branches across countries like Germany where most Nigerians are concentrated among them due to their work there; one should first acquire either one from their residence country where they reside permanently without having any other place permanently fixed within another country despite being abroad temporarily (for example: some people may live temporarily in Germany) whereas others may likewise reside permanently outside Nigeria but still maintain ties with family members back home because they want him/her pass through via mail every single day henceforth whenever possible rather than sending usually once every two weeks only until he/his money reaches his loved ones’ hands while he remains away from home due  to work related reasons etcetera…

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How Can I Open a Dollar Account in Nigeria?

How Can I Open a Dollar Account in Nigeria?

In order to open a dollar account, you will need to have the following:

  • An active account with one of the following banks: First Bank Nigeria Limited (FBN), First Bank Plc, Guaranty Trust Bank Plc, Diamond Bank Plc and Zenith Bank.
  • A valid passport or national ID card with photo identification.
  • Proof of address such as utility bills or rent receipts showing that you live at that address on any given day within 30 days after opening your account(s).

Minimum Requirements to Open a Dollar Account in Nigeria.

To open a dollar account in Nigeria, you need to meet the following requirements:

  • Nigerian passport or any other valid national identity card issued by the Bank.
  • Proof of residence in Nigeria. This can be an electricity bill, property title deed or bank statement showing your address as well as proof of income (salary slips).
  • Two passport size photos (the original ones)
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Top 5 Banks to Open Domiciliary Account in Nigeria.

  • First Bank of Nigeria Plc
  • Zenith Bank Plc
  • Union Bank of Nigeria Plc
  • Skye Bank Plc
  • Access Bank Plc

Dollar account is useful for regular foreign currency transactions or savings.

Dollar account is a bank account that allows you to deposit, withdraw and transfer foreign currency. The dollar account is useful for regular foreign currency transactions or savings. Dollars are also called US dollars, US dollars and USD.

Dollars can be used to pay for goods and services in Nigeria or abroad at any time using cash at the point of sale (POS).

Conclusion

The dollar account is a foreign currency account that you can open at any of the following banks: Emirates NBD, Abu Dhabi Islamic Bank (ADIB), Qatar National Bank (QNB) and Saudi Arabia’s Riyad Bank. You will need to open an account with one of these banks before you can start using your domiciliary dollar account.

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