Top 10 Banks in Nigeria to Open Domiciliary Accounts
Depending on the nature of your business in Nigeria, you may need to open a specific type of account. When making transactions that require you to make or receive payments in foreign currencies, then you need a domiciliary account.
A domiciliary account allows you to have currencies other than the Naira. This means that you can enjoy quick payments without having to exchange money from a foreign currency to Naira. There are several banks in Nigeria offering domiciliary accounts. Here below are the top banks in Nigeria that you can open domiciliary accounts.
- Firstbank of Nigeria
This is one of the leading banks in Nigeria offering domiciliary accounts. Firstbank of Nigeria offers an easy way of opening a domiciliary account. However, an individual opening a domiciliary account with this bank must deposit a minimum of $500 or £300. On successful opening a domiciliary account with Firstbank, the account can become an alternative for PayPal account.
- Zenith Bank
Zenith bank is a leading bank in Nigeria offering domiciliary accounts. Opening an account in this bank is quite simple, more especially if you already have an account with the bank. You will present a few documents to the bank. 48 hours after verification, you will receive a confirmation SMS.
- GT Bank
Guarantee Trust Bank (GT Bank) is also among the best banks that you can open a domiciliary account. The bank offers an easy way of opening a domiciliary account. You will need to deposit $100 to activate your domiciliary account with GT Bank.
- Diamond Bank
Diamond bank also offers a fine option for those seeking to open domiciliary accounts in Nigeria. The bank has an easy way of opening domiciliary accounts for both foreigners and residents in Nigeria. It takes less than two days to complete the process of opening a domiciliary account with Diamond Bank.
- United Bank of Africa (UBA)
UBA is a leading bank in Nigeria that offers domiciliary account options to people in need of these accounts. Just like other leading banks in Nigeria, UBA also provides for a stress-free way of opening a domiciliary account. It takes less than two days to have an active domiciliary account with UBA.
- Fidelity Bank
Fidelity is one of the best banks in Nigeria offering the option of domiciliary accounts. Fidelity bank has an easy way of opening a domiciliary account. The bank also has a faster system of sending and receiving money in the domiciliary account.
- Skye Bank
Skye bank also offers a good option for anyone seeking to open a domiciliary account. Users of this bank get personalized services that only a few bank can afford to offer.
- Access Bank
One of the reasons why Access bank is one of the best banks offering domiciliary accounts is because it charges minimal commissions. Services offered by this bank are simply amazing.
Ecobank is also an option that people living in Nigeria have when in need of a domiciliary account. The bank offers an easy way to open a domiciliary account and charges reasonable commissions on transactions made.
- Keystone Bank
Keystone bank offers a domiciliary account for US Dollars and British Pounds. Their choice of international currencies offered is due to the demand of the market in Nigeria.