How much is the initial deposit required for activating a domiciliary account? I want to open a domiciliary account with any good bank in Nigeria. I have read some of the requirement for opening a domiciliary account and have gotten them ready. I was a bit confused about the initial deposit for activating the domiciliary account in Nigeria. Can someone tell me the initial deposit, please?
The initial deposit or amount required for activating a domiciliary account is $100. But, some banks like GTBANK may not require you to pay this amount before activating your domiciliary. If you receive money (any amount) into the domiciliary account, that can actually serve as the initial deposit or be used to activate the account.