Can a Domiciliary Account Customer Transfer a Fixed Amount of Money Regularly (Weekly, Monthly E.T.C) to Beneficiaries in Nigeria?
Yes, a Domiciliary customer can transfer a fixed amount of money regularly to beneficiaries in Nigeria by setting up a standing order instruction (Direct debit) on Internet banking to the following:
Beneficiaries with Access Bank account
Beneficiaries with accounts in other banks in Nigeria
What is the Minimum Opening Balance for the Domiciliary Account?
The minimum opening balance for the account is $100, $100 and $100.
Is There a Minimum Daily Balance for Domiciliary Banking?
The minimum daily balance is zero
Is There a Monthly Maintenance Fee Charged on the Domiciliary Account?
There is a 0.5% cash handling charge on withdrawals.
What Documents are Required to Open a Domiciliary Account?
The following documents are required to open an Domiciliary account:
Means of address verification
2 references
2 Passport photographs
Valid ID of each signatory
Residence Permit (Foreigners)
Forms CO7 and CO2 as applicable for companies
Certificate of Incorporation / Business Registration for companies
Memorandum and Article of Association as applicable for companies
Board resolution as applicable
Search report as applicable
Can Domiciliary Account Customers Apply for their Internet Banking Token?
Yes, they can.
How can a Prospective Domiciliary Account Customer Submit Documents to Access Bank for Account Opening?
Domiciliary account opening documentation should be submitted through the following means:
Prospective customers can visit any Access Bank Branch to submit the account opening packages
Scanned copies to be sent via email to sandip@accessbankplc.com
Can Domiciliary Customers Transfer Money from their Domiciliary Accounts to Beneficiaries in Nigeria?
Yes, using our electronic banking platform: Internet banking with the aid of the secure Token device, the Domiciliary Account customer can transfer money to:
Beneficiaries who have Access Bank accounts.
Beneficiaries who have accounts with other Banks.
Can Domiciliary Customers Lodge Cheques and Dividend Warrants into their Domiciliary Account?
Yes, local cheques and dividend warrants can be lodged into the customer's Domiciliary account through any of the Bank's branches in Nigeria.
What is Domiciliary Account?
This is a foreign currency current account i.e. Pounds, Euros, Dollars, Yen, etc.