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Nigerian Bank With The Best Domiciliary Account System? by texaco1: 10:38am On Sep 08, 2013
Hello ,please I will like to know which of the nigerian banks has the best domiciliary account services in nigeria.
Thanks

1 Like

Re: Nigerian Bank With The Best Domiciliary Account System? by Bunchersstab(m): 10:43am On Sep 08, 2013
GT BANK

2 Likes

Re: Nigerian Bank With The Best Domiciliary Account System? by texaco1: 10:45am On Sep 08, 2013
Bunchers stab: GT BANK
Thanks . Do they operate online money transfer out of nigeria too through dom acc?
I have been getting conflicting reports and suggestions about their services
Re: Nigerian Bank With The Best Domiciliary Account System? by arbitrage: 12:42pm On Sep 08, 2013
texaco1:
Thanks . Do they operate online money transfer out of nigeria too through dom acc?
I have been getting conflicting reports and suggestions about their services

What do you mean by online money transfer out of Nigeria? Do you mean sending money like you do to another recipient in another bank here in Nigeria within seconds? No, they don't do that instantly but their transfer of money abroad is under request menu, wherein you will fill all the details of the recipient bank abroad and they will effect the transfer for you during working hours from your domiciliary account.

From my experience, GTBank can send to other banks within Nigeria (still within same request menu) but other banks are saying they only send outside. But on the drawdown side, GTBank charge is higher than Union's charge while Access bank's charge was even less than both of GTB and UBN the last time I used it about 2 weeks ago.

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Re: Nigerian Bank With The Best Domiciliary Account System? by Youngzedd(m): 3:13pm On Sep 08, 2013
For the best service go for GTBank.

Best bank in black man's land.

4 Likes

Re: Nigerian Bank With The Best Domiciliary Account System? by texaco1: 3:19pm On Sep 08, 2013
arbitrage:

What do you mean by online money transfer out of Nigeria? Do you mean sending money like you do to another recipient in another bank here in Nigeria within seconds? No, they don't do that instantly but their transfer of money abroad is under request menu, wherein you will fill all the details of the recipient bank abroad and they will effect the transfer for you during working hours from your domiciliary account.

From my experience, GTBank can send to other banks within Nigeria (still within same request menu) but other banks are saying they only send outside. But on the drawdown side, GTBank charge is higher than Union's charge while Access bank's charge was even less than both of GTB and UBN the last time I used it about 2 weeks ago.
ok,you seem to be an expert on this issue .what I need is a bank that can send money out of nigeria quickly without the account owner going to the bank.
Secondly ,do they all require deposits to be in dollars or naira?I was told that nigerian banks require deposits to be in dollars for dom accts
Re: Nigerian Bank With The Best Domiciliary Account System? by Nobody: 8:55pm On Sep 08, 2013
Which Bank charges lesser fees in Wire Transfer?
Any time i wire money to my merchant in China, GTBank charges me more than N10,000 for Wire Transfer fee.

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Re: Nigerian Bank With The Best Domiciliary Account System? by texaco1: 9:05pm On Sep 08, 2013
Lins01: Which Bank charges lesser fees in Wire Transfer?
Any time i wire money to my merchant in China, GTBank charges me more than N10,000 for Wire Transfer fee.
that is almost 60 us dollars ,
is that charge on any amount?
Re: Nigerian Bank With The Best Domiciliary Account System? by Nobody: 9:07pm On Sep 08, 2013
texaco1:
that is almost 60 us dollars ,
is that charge on any amount?

Yes.
Re: Nigerian Bank With The Best Domiciliary Account System? by texaco1: 9:11pm On Sep 08, 2013
Lins01:

Yes.
dat one na gobe ooo. angry

1 Like

Re: Nigerian Bank With The Best Domiciliary Account System? by Chlbenze: 9:33pm On Sep 08, 2013
need more experience contributors here, has any use the eco banks dom account?
Re: Nigerian Bank With The Best Domiciliary Account System? by texaco1: 9:35pm On Sep 08, 2013
Chlbenze: need more experience contributors here, has any use the eco banks dom account?
thank God we are two in the same problem grin grin grin
never good to walk alone
welcome partner cheesy cheesy
Re: Nigerian Bank With The Best Domiciliary Account System? by Bluetech87: 2:18am On Sep 09, 2013
@All, i think the best bank at that service is GTBank, they're good at transferring money to Abroad. the last time i was to pay a client in China, i went to them for the wire transfer and they told me to have a DOM A/C with them in order for me to be able to do the transfer. they said i will fund the account with $100 and that its my money, so i think they're the best at hand now. give them a try.

3 Likes

Re: Nigerian Bank With The Best Domiciliary Account System? by Greatken007(m): 3:28am On Sep 09, 2013
Lins01: Which Bank charges lesser fees in Wire Transfer?
Any time i wire money to my merchant in China, GTBank charges me more than N10,000 for Wire Transfer fee.
ECO BANK IS CHEAPER BUT DEPEND ON THE AMOUNT,
Re: Nigerian Bank With The Best Domiciliary Account System? by Greatken007(m): 3:31am On Sep 09, 2013
MY FRIEND OTHER BANKS CHARGE THESAME $100
Bluetech87: @All, i think the best bank at that service is GTBank, they're good at transferring money to Abroad. the last time i was to pay a client in China, i went to them for the wire transfer and they told me to have a DOM A/C with them in order for me to be able to do the transfer. they said i will fund the account with $100 and that its my money, so i think they're the best at hand now. give them a try.
Re: Nigerian Bank With The Best Domiciliary Account System? by Chlbenze: 7:59am On Sep 09, 2013
Greatken007: ECO BANK IS CHEAPER BUT DEPEND ON THE AMOUNT,
how long does it take to recieve money abroad to ur eco bank dom acct? Also how much is their mantance fee monthly or yearly?
And do i need a ref. B4 i can open a dom acct since i have a savings acct alrdy with them
Re: Nigerian Bank With The Best Domiciliary Account System? by arbitrage: 1:12pm On Sep 09, 2013
texaco1: ok,you seem to be an expert on this issue .what I need is a bank that can send money out of nigeria quickly without the account owner going to the bank.
Secondly ,do they all require deposits to be in dollars or naira?I was told that nigerian banks require deposits to be in dollars for dom accts

Almost all banks that offer internet banking platform for domiciliary accounts are doing that. They usually require you to log onto your internet banking and you fill in the necessary details of the sender and recipient. Then the bank will do the transfer based on your request. Apart from going into banking halls to do that, most of them are allowing placing such transfer request via internet banking. I know very well of GTBank, Union and Access because I have used them all without visiting the banks. Note that the transfer usually takes like 48 hours or more to get the recipient abroad credited.

If you are doing the internet banking transfer, it will be from your dom account. So your dom account is in foreign currencies (dollars, pounds or euro). The option of doing transfer from Nigeria Naira account is not usually available via remote internet banking but visiting the banking hall. More so, the banks are discouraging that as they want you to source for dollars on your own rather than taking your Naira and selling you their dollars. They will rather ask you to obtain their Naira visa or mastercard to spend abroad. You can inisist that you are not traveling abroad to get naira there in dollars and so they will give you CBN Form A. The form is usually meant for when you are importing goods or services from abroad, or paying school fees and when traveling and needs BTA/PTA or such like. They are to collect your Naira (probably from your Naira account) to give you the foreign equivalent at their stipulated rate and charges. These days, they will not want to give you the foreign cash for BTA/PTA but will rather pay it into their own visa or mastercard for you to spend abroad. I case of school fees or paying merchants abroad for goods and services, they will take your Naira and you will fill CBN Form A if you insist on paying from your Naira account but that will be in the bank.

As I said before, GTBank will even give you choice to pay your transfer charges on dom account from either your dom or from Naira account but others will usually charge from the same dom account they are helping you to transfer from. In terms of charges/fees, GTBank is higher than most of them. For example, whn I transferred $9500 through GTBank, the charges usually total around $135-$143 while $9500 through Union came to around $120 - $125. But the last $10,000 I sent through Access was just charged at total of $97.5 after their charges are listed out.

If Ecobank is cheaper as someone said, that will be nice. In fact, I have transferred just $50 through GTB before and the following charges totalled $50. So, the mentioning of $60 earlier by someone is still on the lower side or may be he did not transfer much funds.

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Re: Nigerian Bank With The Best Domiciliary Account System? by arbitrage: 1:14pm On Sep 09, 2013
Chlbenze: how long does it take to recieve money abroad to ur eco bank dom acct? Also how much is their mantance fee monthly or yearly?
And do i need a ref. B4 i can open a dom acct since i have a savings acct alrdy with them

There shouldn't be anything like maintenance fee on dom account. It's only dollar card that GTBank even charges annual maintenance fee. Transfers should be like 2 days or more.
Re: Nigerian Bank With The Best Domiciliary Account System? by oladayo042: 7:20am On Sep 10, 2013
@Arbitrage
I have been sending you PMs but no response. Can you please mail me at **** at gmail.com? I have something that requires your help. Thanks
Re: Nigerian Bank With The Best Domiciliary Account System? by sonety2k(m): 12:35pm On Sep 10, 2013
I prefer GT BANK
Re: Nigerian Bank With The Best Domiciliary Account System? by Chlbenze: 12:46pm On Sep 10, 2013
sonety2k: I prefer GT BANK
why? Give ur reasons

1 Like

Re: Nigerian Bank With The Best Domiciliary Account System? by aieromon(m): 10:02pm On Nov 24, 2013
arbitrage:

Almost all banks that offer internet banking platform for domiciliary accounts are doing that. They usually require you to log onto your internet banking and you fill in the necessary details of the sender and recipient. Then the bank will do the transfer based on your request. Apart from going into banking halls to do that, most of them are allowing placing such transfer request via internet banking. I know very well of GTBank, Union and Access because I have used them all without visiting the banks. Note that the transfer usually take like 48 hours or more to get the recipient abroad credited.

If you are doing the internet banking transfer, it will be from your dom account. So you dom account is in foreign currencies (dollars, pounds or euro). The option of doing transfer from Nigeria is not usually available via remote internet banking but visiting the banking hall. More so, the banks are discouraging that as they want you to source for dollars on your own rather than taking your Naira and selling you their dollars. They will rather ask you to obtain their Naira visa or mastercard to spend abroad. You can inisist that you are not traveling abroad to get naira there in dollars and so they will give you CBN Form A. The form is usually meant for when you are importing goods or services from abroad, or paying school fees and when traveling and needs BTA/PTA or such like. They are to collect your Naira (probably from your Naira account) to give you the foreign equivalent at their stipulated rate and charges. These days, they will not want to give you the foreign cash for BTA/PTA but will rather pay it into their own visa or mastercard for you to spend abroad. I case of school fees or paying merchants abroad for goods and services, they will take your Naira and you will fill Form A if you insist on paying from your Naira account but that will be in the bank.

As I said before, GTBank will even give you choice to pay your transfer charges on dom account from either your dom or from Naira account but others will usually charge from the same dom account they are helping you to transfer from. In terms of charges/fees, GTBank is higher than most of them. For example, whn I transferred $9500 through GTBank, the charges usually total around $135-$143 while $9500 through Union came to around $120 - $125. But the last $10,000 I sent through Access was just charged at total of $97.5 after their charges are listed out.

If Ecobank is cheaper as someone said, that will be nice. In fact, I have transferred just $50 through GTB before and the following charges totalled $50. So, the mentioning of $60 earlier by someone is still on the lower side or may be he did not transfer much funds.

I wasn't allowed the option of using the Form A in Diamond Bank even when I explained that I wanted to wire school fees. I had to use a friend's account in UBA and ended up topping up his account to $100 as well as paying $70 as transfer charges. I transferred $2500 by the way.
Re: Nigerian Bank With The Best Domiciliary Account System? by arbitrage: 1:33am On Nov 25, 2013
aieromon:

I wasn't allowed the option of using the Form A in Diamond Bank even when I explained that I wanted to wire school fees. I had to use a friend's account in UBA and ended up topping up his account to $100 as well as paying $70 as transfer charges. I transferred $2500 by the way.

That was not supposed to be and did you try another branch after the first refused? I guess your friend's UBA did it from Naira account. That means your friend collected $30 equivalent remaining as his charge for doing it for you or probably COT that will follow his current account by month end.
Re: Nigerian Bank With The Best Domiciliary Account System? by arbitrage: 1:36am On Nov 25, 2013
oladayo042: @Arbitrage
I have been sending you PMs but no response. Can you please mail me at **** at gmail.com? I have something that requires your help. Thanks

Is this email of yours correct?
Re: Nigerian Bank With The Best Domiciliary Account System? by oladayo042: 7:51am On Nov 25, 2013
arbitrage:

Is this email of yours correct?
You've already responded to this request (BrandBucket Payment) on another thread. I posted it here then because you were active on this thread at that time. Thanks
Re: Nigerian Bank With The Best Domiciliary Account System? by Nobody: 1:22pm On Nov 25, 2013
texaco1:
Thanks . Do they operate online money transfer out of nigeria too through dom acc?
I have been getting conflicting reports and suggestions about their services
They have everything you will need and more.
Re: Nigerian Bank With The Best Domiciliary Account System? by Okijajuju1(m): 1:24pm On Nov 25, 2013
Savanah Bank..

2 Likes

Re: Nigerian Bank With The Best Domiciliary Account System? by Reference(m): 1:27pm On Nov 25, 2013
I'm satisfied with GTBank's especially with improvements in their web services. My prehistoric days at Intercontinental/Access are a distant memory when I will have to pump iron, dress in bear skin and carry a panga just to transfer a few greens.

1 Like

Re: Nigerian Bank With The Best Domiciliary Account System? by dridowu: 1:28pm On Nov 25, 2013
Okija_juju: Savanah Bank..
do u mean Pacific bank ?
Re: Nigerian Bank With The Best Domiciliary Account System? by Nobody: 1:28pm On Nov 25, 2013
Yea. GTB
Re: Nigerian Bank With The Best Domiciliary Account System? by Reference(m): 1:28pm On Nov 25, 2013
texaco1:
Thanks . Do they operate online money transfer out of nigeria too through dom acc?
I have been getting conflicting reports and suggestions about their services

Sure, I 'capital fly' every month.
Re: Nigerian Bank With The Best Domiciliary Account System? by yomalex(m): 1:29pm On Nov 25, 2013
gtb

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