Hello ,please I will like to know which of the nigerian banks has the best domiciliary account services in nigeria.
Thanks

GT BANK

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

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.

For the best service go for GTBank.

Best bank in black man's land.

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

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.

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?

texaco1:
that is almost 60 us dollars ,
is that charge on any amount?

Yes.

Lins01:

Yes.

dat one na gobe ooo.

need more experience contributors here, has any use the eco banks dom account?

Chlbenze: need more experience contributors here, has any use the eco banks dom account?

thank God we are two in the same problem
never good to walk alone
welcome partner

@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.

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,

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.

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

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.

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.

@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

I prefer GT BANK

sonety2k: I prefer GT BANK

why? Give ur reasons

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.

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.

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?

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

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.

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.

Okija_juju: Savanah Bank..

do u mean Pacific bank ?

Yea. GTB

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.

gtb