What Is A Domiciliary Account?

account with original form of the funds i.e. dollars

could someone tell me
what you could do with a domicilliary account

Hello Mate,
Good day. Please am interested in learning forex trade. I need a good trainer and a good trader to put me through.My private box is babtsuccess@yahoo.com

If we are talking "customer-service", I would understand it when most people go for GTBank. But if the indice is "domicilliary account", well, i don't know about GTBank being the best. Best in what? In their Turn Around Time in fx remittance or in their charges?

I love the "orange rules", but it's going to be hard giving them top marks here. FCMB, for one, has fx concessions for some of their market locations, that will not be easy to beat. They can charge as low as 0.5% for transfers as opposed to the standard 1% charged by most banks. And believe or not, you can deposit $50k  and get it wired or remitted abroad, all on the same day. I work there, so I should know.

And if your account officer really wants to "woah" you, you can confirm the transfer with the beneficiary in 48 hours or less.

Now, who can beat that?

hey all, i really like GTBank. I strongly believe they're the Naija bank of the future especially for the young upwardly mobile Nigerian. However, when it comes to International transfers and domiciliary accounts i know what my Bank offers is far better than all that i've heard here.

In my bank if you open an account, you'll automatically get Naira, dollar, pound and euro sections for the account. This means that at no extra cost you can fund your accounts in each of these currencies and send money in all four currencies. This means that automatically all accounts are domiciliary accounts.

To wire money is as simple as ABC. You can wire money to ANYWHERE in the WORLD. I repeat ANYWHERE IN THE WORLD and the money will get there in 24hours! UK, USA, SA, Hong Kong, Japan, Malaysia, anywhere!

And your money will get there in 24hrs, it's not about your relationship manager trying to impress you it's about that being the standard!
Send money today and it should get there tomorrow.

You can fund your account today and wire out money immediately! There was a $10k restriction from CBN before, but now you can wire as much as you can (however we'll need to know what u do sha oooo, before EFCC shuts us down )

Lastly about the fees, I believe it's still the best compared to what's here. The charges on a transfer are about a $30 flat fee and 0.005 of the amount you're transferring. Is that competitive or what?

So cessienboy go ahead and call me up on 08034032257 and we'll discuss how to wire your money to Malaysia. Depending on how keen you are to do it, w can sort it out tomorrow even. All you need to open the account are the ffg:

Source of ID (ie Intl passport, driver's license, national ID)
Source of Income document
Address verification document (ie utility bill)
a passport photo

By the way, i don't think i mentioned my bank's name. My apologies.

It's STANDARD CHARTERED BANK

So if you require a means of wiring money outside Nigeria regularly in 24hours at low cost, then you should be calling my phone right now. I repeat the number is 08034032257.

Think GTB is the best bank when it comes to dom account.

Hi friends,

I have read a lot of things above and I am afraid to
say most of them are merely crap.

Here is a powerful information below from an expert.

Follow it and get your dormicilary account opened
easily.

============================================
Many of you have complained about not being able to open
a domicilliary account(and this is needed to cash your Google
Adsense checks).Now,it's pretty easy.I have a dorm account
with GTBank,so,that's the only bank I can authoritatively talk
about.But,some of my students have talked about successfully
opening dorm accounts with FCMB,UBA and First Bank,so,you
may want to try them.

As per GTBank,the fastest way to go about this is to open a
current account with N5000.They will request for the following:

*your National ID card,Passport or Driver's License
*current NEPA bill,you can get this from your landlord
*1 picture
*2 referees who have current account in any Nigerian bank
*as well as N5k minimum

Once you successfully open the current account,just ask
them for the forms to open a dorm account.Remember to
choose all denominations,not just dollars.You don't want
to limit yourself,do you?

In the past,it was difficult to get an individual dorm account.
Not so anymore.Just go out there and get yourself a dorm
account to assist your online ventures.

All the best.
By Iyabo Oyawale.

Reply if you found this post useful.

not sure what u meant cessienboy. Are you asking if you need to have an account to send wires through the bank? If so then the answer is yes. To send and receive wires you do it through your account. IT's fast, cheap and most definitely reliable