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How to open a domiciliary account with Gtbank, Firstbank & Zenith bank

  • by EMMA ONWUKA
  • May 3, 2015
  • 340 Comments

Do you need domiciliary account? Do want know how you can open domiciliary bank account in Nigeria with Guarantee Trust Bank (GTBank), Firstbank of Nigeria and Zenith bank?
In this post, I will show you how to open domiciliary account with these banks within 48-72hours. But before I go into details of showing you how to open domiciliary account with GTbanks, Firstbank of Nigeria, and Zenith bank, let’s understand what domiciliary account is and what it is use for.

What is domiciliary account?

Domiciliary account is a bank account in Nigeria that is operated in foreign currency. The account allows you save money in US Dollars, Pounds Sterling or Euro with your money valued at the prevailing exchange rate. This account is funded through bank deposits, traveller’s cheques, cash inflows and lodgement of foreign currency cheques.

It is not usually easy to transfer money from Nigeria to a recipient abroad because many Nigeria banks are still only on the inbound money transfer services guideline of Central Bank of Nigeria (CBN).

However, one easy way of transferring or sending money from Nigeria to a recipient abroad is through domiciliary account money transfer.

You can easily transfer money from one domiciliary account to another either through internet banking or by stand order transaction and this days it can also be done through mobile banking. The account facilitates international business transaction.

So, if you are into international business or you want send money from Nigeria to your family member, relative or friend abroad; you need to have or open a domiciliary account. Domiciliary account is an alternative to PayPal account.

There are many Nigeria banks that offer domiciliary account services. Such banks include Guarantee Trust Bank (GTBANK), Diamond bank, Firstbank of Nigeria, UBA, Zenith bank, etc.
So, if you are actually interested in opening domiciliary account in Nigeria, below are steps on how to open a domiciliary account in Nigeria.

Opening domiciliary Account with GTbank in Nigeria

Things needed for opening of domiciliary account with Gtbank in Nigeria.
To open a domiciliary account with Gtbank in Nigeria, here are the things needed;

  • Identification Card– means of identification is required; your driver’s licence or international passport or national identity card. Any one of them can serve.
  • Small amount of money for activating the account – before the domiciliary account will be activated, you need to deposit a minimum of 100 dollars into the account. Don’t worry about so much about this, just go ahead and borrow because after you have successfully opened your account, you can easily withdraw the money back at any time and pay back to the person you borrow from.
  • 2 passport photos – two recently taken passport photographs are need
  • 2 Referees – two persons that would serve as referee and fill each of the two reference forms that will be issued to you are required. Both referees need to have a current account each preferably with GTbank to facilitate opening of the account.
  • Utility bills – photocopy of your utility bill issued in not more than three months ago is required. PHCN bill, telephone bill, sanitary bill or Water bill; any one of them can serve.

How to open a domiciliary account with Gtbank in Nigeria

With the above requirement in place, proceed to open the domiciliary account.

• Visit any GTbank branch close to you.

• Ask for their customer service desk and request that you want to open a domiciliary account with them.

• You can be asked if you already have any account with them before. If you have one. That’s great! If you don’t, they will open one (current or saving) together with the domiciliary account.

• After that, you will be given a foreign currency account opening form, specimen signature card, two reference forms for you and your referee to fill.

• If you have your two referees with you at the bank, they can fill their forms and you fill yours too and submit it. If your referees are not present with you at the moment, you can decide to take all the forms home, fill them properly and give your referees each of the reference form to also fill. Remember, your two referees should be GTbank current account holders; if you want them to open and activate your domiciliary account within 48hours.

• After proper filling of the forms, go back to GTbank and submitted the forms.

• After going through the forms for necessary corrections and all corrections made, you will be asked to go home.

• Within 48hours, you will receive an SMS from them informing you that your domiciliary account has been open with your account number.
• Please, once you receive the SMS; go back again to the bank and deposit $ 100 into account to activate your new domiciliary account.

Once you do this, you are good to go.

If you are ready, you can begin to initiate the opening of the domiciliary account right now,  start account opening process online before going to the bank. This will save you a lot of time, trouble and stress.

Opening domiciliary account with Firstbank of Nigeria

Here are things required or you need to know before opening domiciliary account with Firstbank of Nigeria.

• You need to have minimum opening deposit of $500, €500 or £300
• Do worry about this; you can withdraw some part of money after, leaving a balance of $100, €100, or £50. However, please note that there is a penalty for, it attract a 0.5% commission.
• Again, cash withdrawals from a cash inflow or funds transfers will (credits) attracts a 1% commission
• Two (2) independent and satisfactory references (For Checking account only)
• Two (2) recent passport photographs are required
• Address verification document of Utility Bill is required – PHCN bill, telephone bill, sanitary bill or Water bill; any of these can serve.
• Valid means of identification e.g. International passport, Driver’s license or National ID card.
• Resident permit ( for non- Nigerians)

How to open a domiciliary account with Firstbank of Nigeria

If you have all the above items in place then proceed to open the domiciliary account with Firstbank

• Visit any Firstbank of Nigeria close to you

• Head straight to their customer service desk and request that you want to open a domiciliary account with them.

• You might be asked if you already have current or saving account with them before. If you don’t, they will open one (current or saving) alongside with the domiciliary account.

• After that, you will be given a foreign currency account opening form, and specimen signature card to complete and sign.

• You can decide to take all the forms home , fill them properly and return back with them to submit
• After they must have gone through the forms and make necessary corrections, you will be asked to go home.

• Within 48-72hours, you will receive an SMS indicating that your domiciliary account has been open with your account.

• Go back to the bank and pay in the minimum deposit to activate the account.

Once done, your account is ready! Domiciliary account can be an alternative for PayPal account.
You can initiate opening of the domiciliary account right now; download the Individual Account Opening Form online. Complete the Account Opening Form and specimen signature card and submit at the nearest FirstBank branch. This will save you a lot of stress and time.

• Download the Individual Account Opening Form

Opening domiciliary account with Zenith bank in Nigeria

Zenith bank is one of such banks in Nigeria that offer domiciliary account services.
Opening domiciliary account with Zenith bank is very easy and simple especially if you have an existing account, saving or current which you have run for at least 6 months with Zenith bank.

There are some few things Zenith bank that would required from you just like when you want to open domiciliary account with any other bank in Nigeria.

Things needed for opening of domiciliary account with Zenith bank are;
• A valid identification card – This can be your National ID Card, Driver’s Licence, or International Passport.
• 2 passport photos – two recent passport photographs
• Utility bill – A recent utility bill like PHCN bill or Water bill, telephone bill, sanitary etc not older than 3 months.
• 2 current account holder Referees – two referee preferably Zenith bank Current Account holders
• Small deposit – a minimum deposit of $100 may be required for activating the account. Please, this is opening minimum amount they are collecting as of the time this article is written; the possibility of changing the amount tomorrow is there.

How to open a domiciliary account with Zenith bank in Nigeria

If you have the above requirement in place,
• Walk into any Zenith bank branch close to you.

• Meet their customer service Reps and request that you want to open a domiciliary account with them. You will be directed to the person in charge.
• You will be given a Foreign Currency Account Opening Form, specimen signature card, two reference forms for you and your referee to fill.

• If you are with your referees at the bank, you can fill the form immediately and they fill theirs. Otherwise, take all the forms home, fill them properly at your convenient time and give your referees each of the reference form to also fill.

• After proper filling of the form, go back to the bank and submit the form.

• They will receive the form, check for corrections and then ask you to go.

• Within 48-72hours after verification, they will send you an SMS informing you of your new domiciliary account and the account number.

Best of luck as you choose one of these banks to open a domiciliary account.

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Tags:How Open Domiciliary Account in NigeriaHow to a Domicilary Account with Zenith BankHow to Open Domicilary account with Firstbank of NigeriaHow to Open Domicilary Account with GTbank

340 thoughts on “How to open a domiciliary account with Gtbank, Firstbank & Zenith bank”

  1. kingNovember 15, 2019 at 6:14 pm

    i need 2 gtb referees
    am in port harcourt

    Reply
  2. DulganSeptember 2, 2019 at 9:54 pm

    Hello…
    Which is preferable among a naira acct and dollar acct to withdraw from Skrill ?…please help

    Reply
    1. EMMA ONWUKASeptember 2, 2019 at 10:14 pm

      Withdraw to your Naira Account.

      Reply
  3. OsamaMarch 30, 2019 at 3:24 pm

    Pls, i read online that there is currently a legal way to receive money through paypal in nigeria. They said that i should pay money into their account.
    pls, is there a way

    Reply
    1. EMMA ONWUKAMarch 30, 2019 at 7:01 pm

      Please, DON’T try it. They’re scammers.

      Reply
  4. Ikeh MichealMarch 25, 2019 at 11:26 pm

    Please I have uba USD account Visa …will it work on Skrill account

    Reply
    1. EMMA ONWUKAMarch 27, 2019 at 9:28 am

      Get Naira VISA card.

      Reply
  5. adewaSeptember 27, 2018 at 6:59 pm

    Hello sir,which domiciliary account is good for me to fund my online betting site in UK..pls reply me via my email. [email protected]. thank u

    Reply
  6. SharonAugust 11, 2018 at 1:02 pm

    Please sir, i want to open a Domicilary Account which bank is d best & charge low 4 this Account.

    Reply
    1. EMMA ONWUKAAugust 11, 2018 at 10:31 pm

      Use GTBank.

      Reply
  7. EddieJune 5, 2018 at 8:47 am

    Please I need referees to open a domicilliary account, any chance you can help?

    Reply
    1. EMMA ONWUKAJune 5, 2018 at 9:02 am

      State your location (place of residence) so that someone close to you can help.

      Reply
      1. EddieJune 6, 2018 at 7:26 am

        I stay at Sureulere, lawanson precisely

        Reply
        1. EMMA ONWUKAJune 6, 2018 at 8:52 am

          That’s far off where I’m. Look for someone close to assist you.

          Reply
          1. EddieJune 6, 2018 at 6:35 pm

            I can come anywhere, as far as it is still in Lagos because I really need this

  8. MackMay 22, 2018 at 6:11 pm

    Can I receive money directly to my savings account from Australia

    Reply
    1. EMMA ONWUKAMay 22, 2018 at 8:58 pm

      Yes, of course!

      Reply
  9. BonnyMay 10, 2018 at 11:05 pm

    Why I ask the question is that I have somebody who has Eco bank domiciliary account. She told me that she was asked to open current account as well because she wanted to open dom account. She opened current account and dom account. Am asking is it compulsory

    Reply
    1. EMMA ONWUKAMay 11, 2018 at 9:25 am

      It is Not compulsory. You can even open domiciliary account and savings account for easy transactions

      Reply
      1. BonnyMay 11, 2018 at 9:43 pm

        Thank you sir. You got what I mean.
        What is the cost of transfer from dom account, like percentage the dollar amount

        Reply
  10. BonnyMay 8, 2018 at 11:37 pm

    Please are we required to open Current account as well when we open domi account

    Reply
    1. EMMA ONWUKAMay 9, 2018 at 1:33 pm

      You question is not clear.

      Reply
  11. AminuMarch 8, 2018 at 7:08 am

    After Opening it, Can i send dollars from my dom account to another 1

    Reply
    1. EMMA ONWUKAMarch 8, 2018 at 10:37 am

      Yes, you can.

      Reply
  12. AngelMarch 6, 2018 at 9:08 am

    Hello Emma
    please can the dom account pass as savings account. I. E i open it here in Nigeria and travel out, can i put money in the account when am out of naija, if yes how?.. and can i withdraw.. if yes which bank best fit into this that i can withdraw any whr in world. thank you

    Reply
    1. EMMA ONWUKAMarch 6, 2018 at 9:23 am

      Hello Angel,
      Domiciliary account can not be use in Place of savings account. They are not the same. You can deposit/put money into your savings account anywhere you are but you can not withdraw from it any where in the world unless when you are back in Nigeria. If you want to withdraw money from your account anywhere in the world, you need to open a Dom account and get Dollar MasterCard for withdraw and you can only open Dom Account if you are in Nigeria. However, you can contact Diamond bank and see if they can help you.

      Reply
  13. Boniface AkhuiwuFebruary 16, 2018 at 1:17 pm

    Yes I clicked it. But I don’t get notice on my email

    Reply
  14. Boniface AkhuiwuFebruary 15, 2018 at 1:44 pm

    For GT Bank, what if can’t find the two referee from GT Bank can we use other banks refereee

    Reply
    1. EMMA ONWUKAFebruary 15, 2018 at 3:25 pm

      Yes, but the verification process will take long time.

      Reply
      1. Boniface AkhuiwuFebruary 16, 2018 at 1:15 pm

        Thanks

        Reply
  15. Boniface AkhuiwuFebruary 5, 2018 at 12:33 pm

    What methods are available to transfer dollar to foreign Forex Brokers for trading purpose

    Reply
    1. EMMA ONWUKAFebruary 5, 2018 at 12:45 pm

      Open Skrill account, fund your skrill via your GTBank saving account and then send from your skrill account to your foriegn forex broker.

      Reply
      1. Boniface AkhuiwuFebruary 15, 2018 at 1:38 pm

        Thank you sir. I got the comment late. I have to open the web before getting the comment. I thought by clicking “Notify me when new comments are added” I would get it in my email box

        Reply
        1. EMMA ONWUKAFebruary 15, 2018 at 3:24 pm

          Are you sure you check the notify me box?

          Reply
  16. Pooh patrickJanuary 31, 2018 at 6:20 pm

    SIR, PLS EXPLAIN WHAT YOU MEAN BY THIS;
    Yes, I got your point. You can link the dollar master card but my concern is that you should be aware of the limit of the usage of the card.
    And another point I will also like you to explain if my motive is successful will I be able to to withdrew money from my PayPal acct since it Link up to my dollar acct.thanks

    Reply
    1. EMMA ONWUKAJanuary 31, 2018 at 7:28 pm

      Pooh Patrick,
      1. You will NOT be able to withdraw money from your PayPal account here in Nigeria that is part of the limit of the usage of the card, I am talking about.
      2. You might not be able to fund the PayPal account from your dollar account.

      Reply
  17. Pooh patrickJanuary 31, 2018 at 8:33 am

    And pls sir when I mean link up,what am actually saying that PayPal gives it users a space where you will provide the digit at the back of your debit card and the expired date,once that is done,yr acct will automatic link to the acct

    Reply
    1. EMMA ONWUKAJanuary 31, 2018 at 10:35 am

      Okay, go ahead.
      After 2 weeks working days and you did not receive a text message of your new dom account from GTBank, visit the branch where you open the account to acquire why they’ve not send it to you.

      Reply
  18. Pooh patrickJanuary 31, 2018 at 8:25 am

    Thanks for the tip,what am actually saying is this.
    I open a PayPal acct online and I was ask to link my acct to it,BT the two bank I try here in Nigeria was not working with it. so I approach a costumer online and here is the response I got.
    Responds from customer services in diamond
    bank
    (Dear Esteemed Customer,

    Thank you for your mail.

    Our Naira Debit Cards will only be used for local transactions on POS, ATM and Online (for Nigerian Retailers), and not work for international transaction on Paypal.

    However, foreign transactions can be initiated with our dollar/Pound debit card issued on our domiciliary account.

    If you have our domiciliary account, the card can be issued to you and will enable you carryout international/foreign transactions.

    Thank you for choosing Diamond Bank.

    Regards)
    END
    Me again:the customer service from diamond bank is trying to tell me that I can’t use my local gtbank or union bank for PayPal purpose, that I can open a domiciliary acct and I can use the domiciliary acct debit card issue to me to link up my PayPal acct. and after then will my PayPal acct work properly since domiciliary acct is also knw as a dollar acct that make a foreign acct not a local acct sir .hope u are seeing my point

    Reply
    1. EMMA ONWUKAJanuary 31, 2018 at 10:30 am

      Yes, I got your point. You can link the dollar master card but my concern is that you should be aware of the limit of the usage of the card.

      Reply
  19. Pooh patrickJanuary 30, 2018 at 2:40 pm

    Thank God I found this site, plz my question is I actually open a domiciliary acct with Gtbank last week, which I have no yet gotten any text message from them if the acct is open or nt,one of the banker say the service was bad as of then, well still expecting.
    (1)sir is it possibly that I can link the debit card given to me in the bank to my PayPal acct, Becos that was the main reason I open it at the first place. There are some transaction I wanted doing online bt could not since don’t use a paypal acct, so I created it and I was ask to link my card to it, to my surprise the two bank I operate both gtbank and unionbank was not accepted,so I taught it wish for me to open a dollar acct and then link it up with my PayPal acct. Plz I need ur advice, suggestions on this as the case my be,i actually want to know if am on line, and if am pls,show me road.and one last thing, can I withdraw my$100 dollar use in activating the acct back, I mean all of it. Thank

    Reply
    1. EMMA ONWUKAJanuary 30, 2018 at 8:55 pm

      let me start from your last question;
      1. You can withdraw all your $100.
      2. You can not withdraw money from your PayPal account in Nigeria
      3. You can only receive but can not withdraw the money here in Nigeria.
      So, do you still find it valuable linking your card to your PayPal account?
      Again, how do you intend linking the dollar account to the PayPal account?

      Reply
  20. azeez adekunleNovember 28, 2017 at 1:04 pm

    i found the site while searching for how to know how my friend in the USA can send me dollar without using western union or money Gram…………… the question is after opening the account can i link it with my savings account i have a savings account with Gtbank and are they gonna pay me in dollar when am withdrawing from my Dom account ? pls i need urgent answer i will soon go to my Gtbank branch for further enquiries ………..

    Reply
    1. EMMA ONWUKANovember 29, 2017 at 9:59 am

      Yes, you will be pay in dollar when withdrawing from your Dom account. You can sell the dollar to your bank if you don’t want to withdraw the dollar.

      Reply
  21. YusufNovember 5, 2017 at 12:55 am

    Hello house let asume i have a domicilary acct is there any risk of recieving payment like $50,000

    Reply
    1. EMMA ONWUKANovember 5, 2017 at 9:25 pm

      There is no risk at all, bro.

      Reply
  22. FelixOctober 22, 2017 at 8:09 pm

    I want to make payment to someone in macedonia with skrill and i did not skrill account can i send the money to you and help me make the payment.

    Reply
    1. EMMA ONWUKAOctober 22, 2017 at 10:46 pm

      Yes, you can. However, you can just quickly register for skrill account within some seconds via our skrill partner link

      Reply
  23. Duru JustinOctober 6, 2017 at 11:19 am

    Pls i want to confirm if i can withdraw from the atm when my dom account has been created with the credit card given to me.

    Reply
    1. EMMA ONWUKAOctober 6, 2017 at 8:34 pm

      No!

      Reply
  24. YINKAOctober 4, 2017 at 3:36 am

    Hello sir I need your help I want to open a dom account I have SKYE,GTB AND FIRST BANK but I still don’t know which bank is more preferable,one with a low cost and after I open it after I make a deposit in it how do I change my money to naira or can I just transfer the money to my normal savings accounts under the same bank???

    Reply
    1. EMMA ONWUKAOctober 4, 2017 at 9:49 am

      Hello YINKA,
      GTBank Domiciliary account is okay. You can withdraw and sell in black market. You can also sell to your bank (savings account).

      Reply
  25. ElishaSeptember 13, 2017 at 4:21 pm

    Hello sir. Can I open a dorm acct for my 16 year old son. And operate on behalf of him

    Reply
    1. EMMA ONWUKASeptember 13, 2017 at 9:01 pm

      No, Elisa. It wouldn’t be possible.

      Reply
  26. IkennaSeptember 10, 2017 at 11:03 pm

    Pls email me… i hv a lot i need to ask… [email protected]

    Reply
    1. EMMA ONWUKASeptember 11, 2017 at 10:37 am

      Please, do well to ask all questions here to help others. Thank you.

      Reply
  27. ShayoSeptember 7, 2017 at 11:47 am

    My brother just traveled to America and he is yet to open an account there in America. Can he still send money to my dom account at any bank in America?

    Reply
    1. EMMA ONWUKASeptember 7, 2017 at 6:46 pm

      He has to open an account in America.

      Reply
  28. OteAugust 25, 2017 at 3:37 pm

    Hello, please I would like to know if I open a domiciliary account in Italy and with my debit card, if it would be possible to use my debit card in Nigeria or any other country?.

    Reply
    1. EMMA ONWUKAAugust 25, 2017 at 8:42 pm

      Hello Ote, the reverse is the case. If you open a domiciliary account in Nigeria and acquire dollar Debit card, you can use the debit card in Italy.

      Reply
  29. GabrielJune 30, 2017 at 7:41 pm

    Hello Emma,

    Thanks for anwering. Emma I need to open an account saving for recive neiras and domiciliary account for be abble to tranfer mi neiras to usd in my country (Chile)

    Could you please tell me how to open and account from foreing ? Im in Chile i cant travel to nigeria just for do that.

    Reply
    1. EMMA ONWUKAJuly 1, 2017 at 6:01 pm

      You can’t open a naira account in Chile unless you are in Nigeria but you can open a domiciliary.

      Reply
  30. KarenJune 27, 2017 at 7:06 am

    Can you deposit and withdraw any amount of dollars without being questioned or queried? Can you also withdraw your money and have unlimited assess to your account from any part of the world?

    Reply
    1. EMMA ONWUKAJune 28, 2017 at 12:13 pm

      You can not withdraw any amount of dollar. There is maximum withdraw limit.

      Reply
  31. AkanApril 18, 2017 at 12:06 pm

    Good day sir. I want to send money to my dorm account thought it’s dormant. Do you think my mum would be able to withdraw the money when I send it? Do you have any idea how much First Bank charge for every transaction?

    Reply
    1. EMMA ONWUKAApril 18, 2017 at 5:45 pm

      Hello Akan,
      If the account is dormant then you need to activate it. Secondly, if you were the person who open the account then your Mum wouldn’t be able to withdraw money from the account.

      Reply
  32. DealezApril 13, 2017 at 4:53 pm

    Hi Emma
    After linking my firstbank naira MasterCard on PayPal through my firstonline account, will i be able to withdraw funds/money from my PayPal to my Bank account.

    Reply
    1. EMMA ONWUKAApril 16, 2017 at 9:45 pm

      No, sir!

      Reply
  33. DanibrynApril 11, 2017 at 11:30 am

    Hello Emma
    Please what are all the possibilities means of transferring money ir withdrawing money with PayPal.
    And also Can i withdraw money from PayPal with all Nigeria Bank with a dorm account.

    Reply
  34. DanibrynApril 11, 2017 at 11:25 am

    Hello Emma
    Can i use a dorm account or a Dollar ATM card on paypal in Nigeria.

    Reply
  35. DanibrynApril 11, 2017 at 10:41 am

    Hello Emma,i have 2 questions to ask u
    1):How do i get a dollar MasterCard with firstbank without a dorm account.
    2):Can i link my paypal with a naira MasterCard with firstonline account even when naira MasterCard has been suspended for international transfer

    Reply
    1. EMMA ONWUKAApril 11, 2017 at 3:22 pm

      You can not get dollar MasterCard with firstbank without a DOM Account. Meanwhile, firstbank for now does not issue dollar MasterCard.
      You can link your naira MasterCard to your firstbank PayPal through your firstonline account even when naira MasterCard has been suspended for international transfer

      Reply
  36. SteveApril 11, 2017 at 6:37 am

    Emma,
    Once again thanks for all your answers. I do have a few more questions for you.
    I reside in the USA but will be in Abuja in two weeks for about one week on business and will like to open the DOM account while there.
    I will be staying in a hotel in Abuja during my stay.

    I do not have any bank references. I also do not have utility bills in Nigeria since I don’t reside in Nigeria. Is there any way around these requirements.
    I have been hearing about BVN. Do I have to have BVN to open a DOM account. If yes how do I go about getting one or does the bank offer BVN as part of opening the DOM account.
    Your advise on how to get this done is highly appreciated.

    Reply
    1. EMMA ONWUKAApril 11, 2017 at 10:50 am

      Hello Steve,
      There is a provision for foreigner who wants to open DOM account. The BVN is not needed in this case but you need references. I will advice you visit the bank for clarifications.

      Reply
  37. DanibrynApril 10, 2017 at 7:12 pm

    Can i get a Dollar MasterCard after opening a domiciliary account at firstbank before paying the minimum deposit which is $500.

    Reply
    1. EMMA ONWUKAApril 10, 2017 at 7:37 pm

      Hello Danibryn,
      For now; the only bank that I know that offer Dollar MasterCard is GTBank and you can get the dollar MasterCard before paying the minimum deposit with Gtbank domiciliary account.

      Reply
  38. DanibrynApril 10, 2017 at 6:56 pm

    Can i get a dollar MasterCard after opening the domiciliary account with first bank before paying the minimum deposit which is $500.

    Reply
    1. EMMA ONWUKAApril 10, 2017 at 7:38 pm

      Answered!

      Reply
  39. EliasApril 10, 2017 at 11:45 am

    Hi Emma,
    Yes, you mentioned this. I refer to UK all the time but no problem:
    [quote]
    Hello Elias,
    Savings account is a Naira account NOT GBP, USD or Euro account. It is domiciliary account that is dominated in GBP, USD and Euro.
    [/quote]

    I wonder if having an USD account in UK. I then wonder if someone with a Nigerian Naira account in Nigeria can make a wire transfer to an USD account in UK. With this I mean that Naira will be converted to USD on the way which it usually does between different countries with different currencies?

    Reply
    1. EMMA ONWUKAApril 10, 2017 at 7:42 pm

      Hello Elias,
      It doesn’t work. Someone with a Nigerian Naira account in Nigeria can NOT make a wire transfer to a USD account in UK.

      Reply
  40. EliasApril 10, 2017 at 1:59 am

    Hi Emma, I was really glad to hear from you that Naira accounts exists in the UK because that is what I want to have!

    I did get an email answer from Zenith bank and Firstbank in the UK, – and they said that they didn’t have Naira accounts. So I am not sure what is true. Do you have any idéa?

    Thank you!

    Reply
    1. EMMA ONWUKAApril 10, 2017 at 7:30 am

      Hello Elias,
      Can you quote me where I mention that Naira account exist in UK? Zenith, Firstbank, and even GTbank Saving account in UK is dominated in Pounds, Euro and USD while savings account in Nigeria is dominated in Naira. So, if you want to have Naira account, you have to open it in Nigeria NOT in UK.

      Reply
  41. EliasApril 4, 2017 at 4:25 pm

    Thanks Emma, then I understand, so savings account is in Naira.

    If you look at the image here which shows section 4 for GTbank:
    http://www.bilddump.se/bilder/20170404171743-195.252.32.111.png
    PDF-name: “gtbank_personal_application_form_jan_2016_vsp1_1”

    There are choises besides “Savings Account” for: GBP, USD, Euro. It looks confusing. I don’t know why those choises?

    The other question. When having Naira on the Savings account and as an example buying something in USD on Amazon.
    What rate(Black market or official rate) is used for this conversion?

    Thank you!

    Reply
  42. EliasApril 4, 2017 at 2:00 am

    Thank you Emma, I appreciate your answers very much!
    I was looking through the GTbank application form for Savings Account and could see that I will choose any of those currencies: GBP, USD or Euro.

    I thought the Saving Account was in Naira so 2 questions there:

    1. Is it possible to have the Savings Account in Naira when opening the account in UK?
    I beleive my question is for all three banks GTbank, Firstbank and Zenith bank?

    2. If GBP, USD or Euro only is possible. Can a person deposit Naira into my Savings Account and will it then automatically be converted to for example USD? If a conversion is made. Exactly what rate(Black market or official rate) is used for this conversion, to be sure is it possible for you to take todays Naira rate to not misunderstand?

    Thank you!

    Reply
    1. EMMA ONWUKAApril 4, 2017 at 9:36 am

      Hello Elias,
      Savings account is a Naira account NOT GBP, USD or Euro account. It is domiciliary account that is dominated in GBP, USD and Euro.

      “Can a person deposit Naira into my Savings Account and will it then automatically be converted to for example USD?” No! It is not obtainable.

      Reply
  43. EliasApril 3, 2017 at 2:43 pm

    I understand so it is possible to open a savings account without filling in the referee form in both GTbank and Zenith bank.

    I ment if I first open a saving account in GTbank, I can then for example next day go to Zenith bank and open a savings account there as well? Perheps I wonder if there was any special rule that I only can have one account in any Nigerian bank?

    Thank you!

    Reply
    1. EMMA ONWUKAApril 3, 2017 at 9:07 pm

      Hello Elias,
      you can open as many savings accounts as you want. “I ment if I first open a saving account in GTbank, I can then for example next day go to Zenith bank and open a savings account there as well?” Yes, you can. There is no special rule against that.

      Reply
  44. EliasApril 3, 2017 at 12:49 am

    This question is for opening a saving account with GTbank and Zenith bank. I found below “Quote” on a webpage.

    So the question then is. Do you need Two Referees ONLY when opening domiciliary account in Both banks?
    With other words, is it not needed to have Any Referees when opening Saving accounts in Both banks?

    “Two Referees: In order to proceed with your domiciliary account opening with Gtbank, you need to provide two people who are CURRENT account holders that could stand for you to guarantee that you are of good conduct and that you will be able to maintain a current account with the bank”

    Reply
    1. EMMA ONWUKAApril 3, 2017 at 9:15 am

      Hello Elias,
      1. Each of the bank will required to provide two referees who operate current account (for domiciliary account opening).
      2. You don’t need a referee when opening a savings account.

      Reply
  45. EliasApril 3, 2017 at 12:35 am

    Thanks Emma!

    I wonder if it is possible to open an account in both GTbank and Zenit bank at the same time in the UK?

    Reply
    1. EMMA ONWUKAApril 3, 2017 at 9:16 am

      Hello Elias,
      I don’t understand what you mean here.

      Reply
  46. EliasMarch 30, 2017 at 5:18 pm

    Then I understand. I also wonder if you need to have any of those for either GTbank, Zenith bank or Firstbank:

    Working permit
    Resident permit

    Thanks

    Reply
    1. EMMA ONWUKAMarch 31, 2017 at 4:27 pm

      NO! The essential requirement are there in the article above.

      Reply
  47. EliasMarch 29, 2017 at 4:46 pm

    Hi Emma!

    I have a question for GTbank and Zenith bank.

    Do you have to be Nigerian to open a bank account in the UK or can you be from Denmark like I am and be able to open an account? With other words I live in Denmark and are of Danish origin.

    Thanks

    Reply
    1. EMMA ONWUKAMarch 29, 2017 at 10:44 pm

      Hello Elias,
      You mustn’t be a Nigerian before opening an account. There are provisions for foreigners.

      Reply
  48. ChristianMarch 20, 2017 at 11:06 pm

    I am afraid that I can’t find a way to summarize the questions in any better way. I think the questions are mostly yes or no answers.

    Thank you again!

    Reply
  49. ChristianMarch 20, 2017 at 1:53 am

    Thank you Emma for your answer,

    A few more questions that I wonder about. Also to keep in mind that I am Swedish and live in Sweden and would travel to UK to open the account.

    To confirm:
    1a. You don’t need to live in Nigeria to open an account with GTbank and Zenith bank?

    1b. You need to live in Nigeria to open an account with Firstbank or can I live in Sweden?

    2. For GTbank. It is mentioned to have 2 referees preferable from GTbank. Would it be possible to open the account(if there is any possible exception or any other possibility?) as I might have problem to find people that have an account in GTbank or any other Nigerian bank?

    3a. For Firstbank. This was written above:
    “Two (2) independent and satisfactory references (For Checking account only)”
    Does that mean that if I open a domiciliary account with Firstbank. Will I still need 2 referees like GTbank? or is it in Firstbanks case only needed for “Checking account”?

    3b. For Firstbank. Is it a defenitive must to have a “Resident permit ( for non- Nigerians)” to be able to open a domiciliary account or is there any possible exception or any other possibility?

    3c. For Firstbank. “Address verification document” is needed. Does that mean that you need to live in Nigeria? (Which I don’t)

    4. For Zenith bank. It is mentioned to have 2 referees preferable from Zenith bank. Would it be possible to open the account(if there is any possible exception or any other possibility?) as I might have problem to find people that have an account in Zenith bank or any other Nigerian bank?

    Thank you again!

    Reply
    1. EMMA ONWUKAMarch 20, 2017 at 6:09 pm

      Hello Christian,
      Try to summarize your questions.

      Reply
      1. ChristianMarch 20, 2017 at 9:15 pm

        Thanks Emma,

        It is not possible to write the questions more clear than I did. They are summarized from 1-4 as seen. If you are able to answer each question, I am sure to not miss any detail.

        Thank you

        Reply
  50. ChristianMarch 16, 2017 at 11:48 pm

    I am a Swedish citizen living in Sweden and I was wondering if it is possible for me to open an domiciliary account through GT bank or First bank in UK.
    The reason why I mention UK is because I now those 2 banks are represented there and for me it would be easier to travel to UK and be there in person for the paperwork.
    Christian

    Reply
    1. EMMA ONWUKAMarch 17, 2017 at 10:23 am

      Hello Christian,
      Yes, visit the bank in UK to open it. Just note that you can’t open it online.

      Reply
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