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Domiciliary Account

This is a foreign currency account for individuals living outside Nigeria. The account is funded in Pounds, Euro, Dollars and Yen.


  • $100, £100 & Euro 100 opening balance
  • Zero minimum daily balance
  • Customized cheque book (on request)
  • Zero Monthly Maintenance
  • Visa Debit Card issuance
  • Cash Handling charge (COT equivalent) of 0.5% on withdrawals
  • No restriction on number of withdrawals
  • Interest rate 0.01% p.a. (above 100,000 GBP, USD, Euro)

Account Opening Requirements

  • Proof of Identity: A notarized/sighted copy of any one (1) of the following Identification:
    - A valid Nigerian passport.
    - A valid International/foreign passport – supported by proof of Nigerian origin (Birth certificate, expired/valid Nigerian passport or driver’s license, etc).
    - A valid Nigerian driver’s license.
  • Passport Photographs:
    - Current Accounts – 2 copies.
  • Proof of Residential Address: A notarized/sighted copy of any one (1) of the following:
    - Duly filled Banker's Confirmation.
    - Copy of utility bill issued within the last three months showing the same address as supplied.
    - Bank/Credit statement issued within the last three months showing customer address.
  • References: Two acceptable references using either of the following options:
    Option 1:
    - An independent reference letter obtained from current bankers (foreign). 
    - A signed reference form by an Attestor of Nigerian origin who maintains a current account with a Nigerian Bank.
    Option 2:
    - Two signed reference forms by Attestors of Nigerian origin who maintain a current account with a Nigerian Bank.
  • Indemnity: Duly executed indemnity form (for Email, Fax and Scanned Copy).
  • For Joint accounts: A notarized copy of marriage certificate is also required along with all other necessary documents as stated above.

*** Please note that W-9 FATCA form and indemnity FATCA are only required for customers residing in the USA.