Best Banks To Open Domicillary Account (2024)

Best Bank in Nigeria To Open Dollar Account

In Nigeria, there are multiple types of banks services and account options. Dormicillary account popularly known as dollar account is account type that allows users save in foreign currencies.

Best Banks To Open Domicillary Account in Nigeria

Apart from popular savings and current accounts, there other numerous types of account services being offered by banks in Nigeria.

Another very popular and widely sought account in Nigeria is domicillary account otherwise known as dollar account in Nigeria.

All approved commercial banks in Nigeria offer the services of opening and operation of a domicillary accounts in Nigeria by customers.

Domicillary accounts popularly known as dollar account is an account which allows users to receive and send foreign currency within and outside Nigeria.

It is not a savings account rather a channel for receiving and sending out foreign currencies in Nigeria such as Dollars, Pounds and Euros.

Because we know and well aware that numerous Nigerians are always in demand to open and operate Domicillary account in Nigeria either for business, education or health, we have decided to provide the best banks to open dollar (Domicillary) account with in Nigeria.

These are the banks that open Domicillary Account easily in Nigeria. This article willbe helpful to those asking which bank is the best for opening Domiciliary (dollar)  account in Nigeria.

Banks That Open Domicillary Account Easy in Nigeria

Unlike other type of accounts in Nigeria, Domicillary Account can be very rigorous to open and operate.

However, there are some banks in Nigeria that have set simple steps to opening of Domicillary accounts in Nigeria.

These banks are regarded as the best banks to open dollar account with in Nigeria.

Their requirements for opening domicillary account is very less rigorous and less stressful compare what obtain in other Nigerian banks that open domicillary accounts.

Below are the best and good banks for opening dollar account in Nigeria.

Zenith Bank

Zenith which is currently the best bank in Nigeria is one of the best two banks to open domicillary account with in Nigeria.

Zenith requirements for domicillary/dollar account is very simple and easy.

The requirements for opening domicillary account with Zenith bank can easily be met within a single day.

This dipicts how simple their procedures and processes of opening dollar account is in Nigeria.

Perhaps these feats are some of the reasons they are ranked best bank in Nigeria.

Below are requirements for opening Zenith bank dollar /domicillary account.

  • Completed domicillary account opening form
  • A passport photograph of authorized signatories
  • Valid means of identification (Driver’s License, International Passport, National Identity Card or Voter’s Identity Card)
  • Public Utility Receipt dated within the last three months (power bill, water rate bill, tenement rate, rent receipt, telephone bill, etc.)
  • Visitation Report (Residence Confirmation)

Guaranty Trust Bank

This another one of the good banks that open domicillary account easily in Nigeria.

The bank is one of highest number of domicillary account holders in Nigeria.

This is because of their less ambiguous and stress free requirements for domicillary account opening.

Some of the GTBank requirements for opening domicillary account in Nigeria are.

  • Duly completed account opening form.
  • A copy of means of identification (Driver’s
  • License, International passport, National I.D Card, or any other acceptable by the bank).
  • One passport photograph.
  • Two completed reference forms(Current account holders)
  • A utility bill issued within the last 3 months
End Note

It is important that customers who wishes to open and operate domicillary accounts in Nigeria discuss extensively with their account officers as the account comes with special charges and operations.

Apart from the two banks listed above every other commercial bank in Nigeria offer domicillary account operations.

However the two banks stated above has the best and easy opening and operation of dollar / domicillary account in Nigeria.


The Author

Emmanuel Igwenagu

Igwenagu Emmanuel is the founder of Nigerian Informer. He holds B.A, M.Sc in Mass Communication. He is a Communication researcher and 112 emergency help line dispatcher.

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