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 to Open Domiciliary Account in Access Bank Online-This is a complete guide on how to open a domiciliary account online with Access Bank and the benefits and advantages attached to it.
Access bank allows its customers to receive and send money from different countries around the globe with the aid of a domiciliary account, You can receive money from the US currency to Access bank still in the USA currency.
Types of Domiciliary Account
- Domiciliary Savings account, and
- Domiciliary Current account.
NOTE; You can open anyone that suits your purpose
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 Access Bank
- Opening balance and daily balance of [$, £,€] 500 for Classic
- Opening balance daily balance of [$, £,€] 10,000 for Dom Plus
- The interest rate of 0.1% and 0.2%% p.a. but paid monthly (Classic and Plus respectively)
- Different variants of Debit Card based on the customer’s preference
- Access to alternate channels e.g. internet and mobile banking etc.
- Non-chequing account
- All other transactions are charged in line with the Banker’s tariff.
- $10 issuance of debit card
- Free debit card for Dom Plus
The benefit of Domiciliary savings account in Access Bank
- Convenient & flexible account opening requirements
- Remote access to your bank account using our channel platforms
- Monitoring of account activities from the comfort of home/office via internet, telephone & mobile banking
- Provides account information updates via SMS/Email alerts
- No monthly maintenance charge on the account
About Domicilary Current Account in Access Bank
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).
Features of Domiciliary current account in Access Bank
- Opening balance of $100, £100 & €100
- No minimum balance required
- No account maintenance fee
- Cash handling charge (COT equivalent) of 0.5% on withdrawals
- Interest rate 0.01% p.a. (above 100,000 $,£,€)
- No restriction on the number of withdrawals
- Different variants of Debit Card based on the customer’s preference
- Access to alternate channels e.g. Internet and Mobile banking
- Availability of chequebook
- Allows direct debit instructions
- Third-party transactions allowed
- All other transactions are charged at banks approved rate
Requirement for Opening a Domiciliary Account Online
Even if you decide to walk into any of the banks to open a domiciliary account in any of the banks in Nigeria, the same requirement would be required of you for the process below is a general requirement.
- Government Approved means of identification; driver’s license, National Identity Card, voter’s card, or International Passport.
- 2 recent passport photographs/
- Bank Verification Number (BVN)
- CIU Form
- Current Utility Bill
- Visit the Access bank website
- Scroll down to ‘Account Opening Form’, and click on it.
- Three forms will be displayed, that is ‘Account Opening Form, Signature Form, and Reference Form’. Click on each of them, they will be downloaded automatically to your phone or PC.
- Ensure to fill out all the forms you have downloaded.
- Once you have filled them out, email the forms to customerservice@Accessbankng.com.
See also-How to Open an online Kuda Bank Account
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