Domiciliary Account

Product Features

• $100, £100 & Euro 100 opening balance
• Interest rate 0.01% p.a. (above 100,000 GBP, USD, Euro)
• Cash Handling charge of 0.5% on withdrawals
• No minimum daily balance
• Customized cheque book (on request)
• No Monthly Maintenance
• No restriction on number of withdrawals

Benefits

• Account is online real time
• Free Financial Advisory Services
• Earn interest (Diaspora Savings) on account balances
• Monitor account activities at the comfort of your home or office through the internet
• Third party withdrawals

Account Opening Requirements

• Duly completed account opening form including signature mandate section.
• 1 Passport Photograph
• Proof of Identity: A notarized/sighted copy of any one (1) of the following Identification:
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  A valid Nigerian passport
  A valid International/foreign passport – supported by proof of Nigerian origin (Birth certificate, expired/valid Nigerian passport or driver’s license, etc.)
  A valid Nigerian driver’s license
• Proof of Residential Address: A notarized/sighted copy of any one (1) of the following:
  Duly filled Banker's Confirmation
  Copy of utility bill issued within the last three months showing the same address as supplied.
  Bank/Credit statement issued within the last three months showing customer address
• References (Diaspora Naira Current and Domiciliary accounts): Two acceptable references using either of the following options:
  Option 1:
  An independent reference letter obtained from current bankers (foreign) and
  A signed reference form by an Attestor of Nigerian origin who maintains a current account with a Nigerian Bank.
  Option 2:
  Two signed reference forms by Attestors of Nigerian origin who maintain a current account with a Nigerian Bank.
• Indemnity: Duly executed indemnity form (for Email, Fax and Scanned Documents)
• For Joint accounts: A notarized copy of marriage certificate is also required along with all other necessary documents as stated above.
• BVN of signatory(ies)
• AML risk assessment
• FATCA form (if customer is residing in the USA)