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Nairaland Forum / Nairaland / General / Business / What Is A Domiciliary Account? (91860 Views)
How To Get Dollar Into Your Domiciliary Account / Which Bank Has The Best Domiciliary Account Services? / How To Open A Domiciliary Account In Nigeria (2) (3) (4)
Re: What Is A Domiciliary Account? by sarmolie: 7:40pm On Dec 14, 2011 |
Nice infos here! but pls, what best ways can i transfer funds from my domiciliary account to a foreign account in dollars? i bank with GTB! also, how can i withdraw funds from my betonmarkets accounts into my domiciliary account? Many thanks! |
Re: What Is A Domiciliary Account? by shexyvin(m): 5:07pm On Jan 30, 2012 |
please i need this answer urgently, can i also use my dom account to receive money from someone abroad? i operate with GTB. MY second inquiry goes thus, can anyone in nairaland help me with a quick way to open any online account that i can use to receive cash from abroad for sales of product. any one who can help me, please do that quick cos i'm also ready to compensate such a person |
Re: What Is A Domiciliary Account? by DonADESIDA(m): 6:05pm On Jan 31, 2012 |
shexyvin: You can use your account to receive cash from anywhere in the world. Concerning your second question,I recommend this three(3) accounts viz 1.Liberty Reserve 2.AlertPay and 3.PayPal You can open LR and AP by yourself as they support Nigeria Ip address PayPal is the best and I can help you to a verified Usa one that cannot be limited with all you need to run it successful while in Nigeria. Thanks and to your success.I'm Presegs Adesida |
Re: What Is A Domiciliary Account? by frankyj(m): 8:25am On Feb 01, 2012 |
Guys hv u heard of d access current account dat does not charge COT. The account is called access premier. The account earns interest and charges zero COT. Dis account saves u lots of moni as banks charge N5per mille for COT. To enjoy dis benefit u just nid a minimum of N100,000. |
Re: What Is A Domiciliary Account? by nileshnj: 10:23pm On May 04, 2012 |
HI, I'm looking to opening of account in Nigeria for my salary which would be credited in dollars. There are two options, 1. I get my salary credited directly in my Indian account & withdraw the required Naira's from the ATM which would be very expensive and 2. Open a domiciliary account. 1. I wanted to know what is a domiciliary account? 2. If my salary is credited in $ account, what will be the transaction charges I would have to pay if I convert the dollars in naira's 3. which is the best method of converting the dollar salary into other currency like naira or indian rupees. 4. what would be the transaction charges if I convert dollars into naira & 5. what would be the transaction charges if I send money to India? 6. which is the cheapest and most secure way to transfer money to India. Suggestions appreciated and thanking in advance for your inputs. 1 Like |
Re: What Is A Domiciliary Account? by scoppe315: 6:34am On Oct 30, 2012 |
What does a friend of mine in Nigeria need to do to make a money transfer from her bank account to my bank account in the united states? Does she need a current or savings domiciliary account? |
Re: What Is A Domiciliary Account? by dejiswaggs(m): 8:22am On Oct 30, 2012 |
please tell me how to open a domiciliary account in Nigeria. |
Re: What Is A Domiciliary Account? by justi4jesu(f): 2:34pm On Feb 15, 2013 |
Please how long does it take to receive dollars that was wired into my FIRST BANK DOM A/C,d money was wired from a german bank since on wednesday and am yet to receive it? And some people said it can sometimes take a week to receive it. Please who can help with some explanations on first Bank and their Swift Code. |
Re: What Is A Domiciliary Account? by jascon1(m): 7:48pm On Feb 22, 2013 |
Can I make withdrawal abroad on my dormicilliary account? |
Re: What Is A Domiciliary Account? by kuzcobi: 5:39am On Apr 14, 2013 |
Hi, people. pls, I have a dollar dom account but can I cash my pounds check through this account or do I have to use another account in pounds? thanks. |
Re: What Is A Domiciliary Account? by justi4jesu(f): 9:46am On Apr 14, 2013 |
kuzcobi: Hi, people. pls, I have a dollar dom account but can I cash my pounds check through this account or do I have to use another account in pounds? thanks.You need to open a pounds dom account,even if you have a dollar ac/c already. that was what I was told at First bank. |
Re: What Is A Domiciliary Account? by kuzcobi: 2:39pm On Apr 16, 2013 |
Ok. Thanks, dude. I'll try n find out from GTB. |
Re: What Is A Domiciliary Account? by Optimisticgondy(m): 12:26pm On Sep 07, 2013 |
Can one withdraw the 100 dollars after the account has been opened? |
Re: What Is A Domiciliary Account? by arbitrage: 1:18pm On Sep 07, 2013 |
dejiswaggs: please tell me how to open a domiciliary account in Nigeria. By going into a bank to requst such account opening. They will give you forms to fill and reference forms to complete. Same KYC documents requirements like current account plus your minimum opening balance of usual $100 or in pounds or euro or thereabout. |
Re: What Is A Domiciliary Account? by arbitrage: 1:19pm On Sep 07, 2013 |
justi4jesu: Please how long does it take to receive dollars that was wired into my FIRST BANK DOM A/C,d money was wired from a german bank since on wednesday and am yet to receive it? And some people said it can sometimes take a week to receive it. Please who can help with some explanations on first Bank and their Swift Code. Usually lasts from 3 to a week working days. I guess you must have received your fund since that time but holiday could extend your working days some times. You must have given your swift or sort code to the originating bank before they sent the wire transfer to you. Didn't you? Anyway you can get the swift code from First Bank itself and it's usually 9 digits alphabets like FBNINGLA or so just like GTBINGLA for GTBank. |
Re: What Is A Domiciliary Account? by arbitrage: 1:25pm On Sep 07, 2013 |
jascon1: Can I make withdrawal abroad on my dormicilliary account? You cannot except your bank issues you a card that is linked to your dorm account, which you can then use over there to spend from your dorm account. Alternatively, you will need to initiate an online transfer (e.g GTBank internet FX transfer) over there to another account/recipient where you are and so you can have your dorm fund here wired to you over there for you to receive and spend. 1 Like |
Re: What Is A Domiciliary Account? by arbitrage: 1:33pm On Sep 07, 2013 |
kuzcobi: Hi, people. pls, I have a dollar dom account but can I cash my pounds check through this account or do I have to use another account in pounds? thanks. Ordinarily, you should be able to receive from a pound sterling wire transfer into your dorm account as your receiving bank here will automatically convert it at their own rate to dollar in your account but I am not too sure of the cheque option. I received wire transfer in pounds from the UK into my dollar dorm last year but the clearing of my issued dollar cheque was into another foreign currency handled by another bank outside Nigeria. I expect anyway that a bank should be able to clear the pounds sterling check and credit your dorm account with dollar at their own conversion rate. By the way, you can find out from your bank. |
Re: What Is A Domiciliary Account? by arbitrage: 1:41pm On Sep 07, 2013 |
Optimisticgondy: Can one withdraw the 100 dollars after the account has been opened? Yes and no. I guess you are asking of possibility of withdrawing the initial minimum opening $100 dollar from dormiciliary account. Right? Yes, you can withdraw your money after fulfilling the minimum requirement to open as long as the bank did not tell you there is a minimum operating balance. No, you will not be able to withdraw the $100 minimum from your dorm account because most of the banks will charge 1% of any amount you are withdrawing over the counter from your dorm account. So, if you take the 1% of your minimum opening balance of $100, that will mean you can only withdraw around $99 from the account when withdrawing the cash over the counter. Though someone told me of recent that he was not charged by GTBank when he did a withdrawal over the counter. Alternatively, if you withdraw by requesting bank to bank fund transfer or wire transfer kind of withdrawal, the charges will be more especially with GTBank, which is higher than some others I have used. |
Re: What Is A Domiciliary Account? by Optimisticgondy(m): 2:26pm On Sep 13, 2013 |
@Arbitrage. Can you please give me a list of banks you can recommend for the account? I'm planning to open at Enterprise Bank. My surname was awrongfully written on the cheque as Ognudele instead of Ogundele; won't this affect the payment? |
Re: What Is A Domiciliary Account? by swaggzo(m): 6:31pm On Apr 02, 2015 |
Princesege: Hello all. Is this thread still functioning? I wanna know if it's possible to pay in foreign currency directly into a first bank account in any of the first bank branches near me, without converting it first. 1 Like 1 Share |
Re: What Is A Domiciliary Account? by Nobody: 11:10am On Aug 08, 2015 |
swaggzo: Dorm acct is officially dead in Nigeria. |
Re: What Is A Domiciliary Account? by harrison12(m): 2:21pm On Aug 03, 2016 |
Everbright:Do u trust fidelity on that cuz i want to open dorm acct with them. |
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