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Domiciliary Account

Frequently Asked Question : Domiciliary Account

Individuals of all classes and Corporates
Yes, a Domiciliary customer can transfer a fixed amount of money regularly to beneficiaries in Nigeria by setting up a standing order instruction (Direct debit) on Internet banking to the following:
  • Beneficiaries with Access Bank account
  • Beneficiaries with accounts in other banks in Nigeria
The minimum opening balance for the account is $100, $100 and $100.
The minimum daily balance is zero
There is a 0.5% cash handling charge on withdrawals.

The following documents are required to open an Domiciliary account:
  • Means of address verification
  • 2 references
  • 2 Passport photographs
  • Valid ID of each signatory
  • Residence Permit (Foreigners)
  • Forms CO7 and CO2 as applicable for companies
  • Certificate of Incorporation / Business Registration for companies
  • Memorandum and Article of Association as applicable for companies
  • Board resolution as applicable
  • Search report as applicable
Yes, they can.
Domiciliary account opening documentation should be submitted through the following means:
  • Prospective customers can visit any Access Bank Branch to submit the account opening packages
  • Scanned copies to be sent via email to sandip@accessbankplc.com
Yes, using our electronic banking platform: Internet banking with the aid of the secure Token device, the Domiciliary Account customer can transfer money to:
  • Beneficiaries who have Access Bank accounts.
  • Beneficiaries who have accounts with other Banks.
Yes, local cheques and dividend warrants can be lodged into the customer's Domiciliary account through any of the Bank's branches in Nigeria.
This is a foreign currency current account i.e. Pounds, Euros, Dollars, Yen, etc.

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