Meaning of Domiciliary Account or Dollar Account
A dollar account officially known as a domiciliary account is a bank account you open in Nigeria (Africa) that enables you to receive and withdraw foreign currencies. With a dollar account in Nigeria banks today you can receive money from different currencies from abroad but is not operated in Nigeria (Africa) currency, with this account you can operate with the three global currencies and you can receive money from either United States dollars, or British Pounds, or Euros.
How many types of Domiciliary Accounts do we have?
There are mainly two types of domiciliary accounts that are presently operating worldwide which are;
About Domiciliary savings Account
This is a foreign currency account that gives customers the option to save in any of the three global currencies (US Dollars, Euros, and GB Pounds) while earning interest.
Features of Domiciliary savings Account in FCMB
Requirement for Opening Domiciliary savings Account in FCMB
For a successful opening of a dollar account, you must meet the following;
About Domiciliary Current Account in FCMB
This is a foreign currency account that gives customers the option to a bank in any of the three global currencies (US Dollars, Euros, and GB Pounds).
The FCMB Domiciliary current account allows customers to maintain accounts in foreign currencies. It is designed to enable customers conveniently carry out foreign currency transactions irrespective of where they are.
Feature of Domiciliary Current Account in FCMB
General Requirements for opening Domiciliary Account in FCMB
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