How to open a domiciliary account in Nigeria

How to open a domiciliary account in Nigeria
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It's very easy to open a domiciliary account in Nigeria, but not getting the right information makes it difficult to get, as the saying goes 'information is power'. All banks in Nigeria offers you the domiciliary account services, but what's a domiciliary account; a dom. Account is an international account you can use for transactions with other countries. Many banks I have been to offers you this services but with some minimum balance that you have to pay into the account before you are entitled to own a domiciliary account, and that minimum balance is usually $100 which is about N20,000.


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 They won't collect this money as their own but will only use it as a requirement before they open the account for you, as the money can still be withdrawn from your dom. account anytime you want. But there's a bank you can open it without having $100 with you, and that's Guarantee Trust Bank (GTB), all you need is to first open a savings account with them, get a referee( ie a person that already have a current account) so that you can be able to open a current account, before they will allow you to open a domiciliary account with them. Make sure you go with other requirements such as passport, Identity card and payment of electric bill receipts. Once confirmed you will receive a text in your phone with the account numbers.
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