Can I transfer naira to my domiciliary account?
You can use a domiciliary account to transfer money to another country or receive foreign currency from another country. Having a Domiciliary Account lets you have accounts in currencies other than the Naira. You can pay into these accounts through cash deposits, traveler’s cheques or foreign currency cheque deposits.
Can I withdraw naira from my domiciliary account in Nigeria?
Make foreign currency transactions conveniently from the comfort of your home, office or anywhere in the world with your GTBank Domiciliary Account. Available in US Dollar, Pounds or Euro, you can fund your account via cash inflows and deposits. You can also make withdrawals from any GTBank branch.
Which bank is the best for domiciliary account?
Top 5 Banks To Open A Domiciliary Account With In Nigeria
- Zenith bank. Zenith bank is one of the leading banks Nigeria with good customer service and products.
- Guaranty Trust Bank.
- Fidelity Bank.
- First Bank.
- UBA.
How much does it cost to open a domiciliary account in Nigeria?
However, many banks require that you apply in-person at your nearest branch. Opening a domiciliary account is free at most banks. Note: If you would like to open a joint account, it may require a special joint account holder form and that both individuals go to the bank to apply.
How can I fund my GTBank domiciliary account?
Available in US Dollar, Pounds or Euro, you can fund your account via traveler’s cheques, foreign currency cheque lodgments and cash inflows and deposits. You can also make withdrawals from any GTBank branch.
Does domiciliary account attract interest?
The domiciliary account usually attracts some form of charges especially on transactions and account maintenance but this is largely dependent on your bank and the CBN regulations. Some banks pay interest on account balance up to $10,000 for dollar domiciliary account and its equivalent on other currency account.
How do I fund a domiciliary account?
You can either fund your GTBank domiciliary account through a deposit or transfer. Deposit – Since it’s a Dollar domiciliary account, the only currency accepted in the account is Dollar. You can either go to the bank, make the dollar deposit yourself or someone else makes the deposit on your behalf.
What is the advantage of dollar account?
Advantages of having a domiciliary account You can receive direct foreign currencies. You can pay for international transactions. It gives you more control over unstable currencies. You can serve as a referee for someone.
Which bank gives the best exchange rate?
Banks giving the best money exchange rates to India
- ICICI – Money2India. ICICI Bank offers the Money2India facility for transferring money to more than 100 banks in India from USA.
- SBI Express Remit.
- HDFC Bank – Quick Remit.
- Axis Remit.
- Click2Remit.
- BarodaRemitXpress.
- IndRemit.
- IndusFastRemit.
Which is the best domiciliary bank in Nigeria?
1. Zenith bank Zenith bank is one of the leading banks Nigeria with good customer service and products. Zenith bank operates two kinds of domiciliary account Ordinary domiciliary account and Cash domiciliary account.
What can you do with a domiciliary account in Nigeria?
Opening a domiciliary account gives you access to debit cards, internet banking, and mobile banking. So you can simply do your transfers, standing orders, payments, etc without going to the bank halls. There are lots of benefits that come with opening a domiciliary account in Nigeria.
Why do you need a domiciliary bank account?
It helps you to carry out your business transactions using foreign currencies. A domiciliary account is a type of bank account that allows you to fund it with foreign currencies such as dollars, pounds or euros and enables you to do foreign transactions on that account.