How do I send money to a domiciliary account in Nigeria?

How do I fund a domiciliary account in Nigeria?

You can either fund your GTBank domiciliary account through a deposit or transfer. Deposit – Since it’s a Dollar domiciliary account, the only currency accepted in the account is Dollar. You can either go to the bank, make the dollar deposit yourself or someone else makes the deposit on your behalf.

Can I deposit naira to my domiciliary account?

You can use a domiciliary account to transfer money to another country or receive foreign currency from another country. Having a Domiciliary Account lets you have accounts in currencies other than the Naira. You can pay into these accounts through cash deposits, traveler’s cheques or foreign currency cheque deposits.

How do I send money to a US domiciliary account?

As you can see, transferring money to a domiciliary account is not hard. All you need is the local bank, maybe internet and information from your receiver.

You can use the following options:

  1. Wester Union Money Transfer.
  2. MoneyGram International Transfer.
  3. Bank Wire Transfer to a Domiciliary account.
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How do I transfer money to my GTB domiciliary account?

Log into the internet banking portal, scroll down to FX Transactions in the sidebar and select FX Transfer to any GTBank A/C. Click on Add New Beneficiary to add the GTBank domiciliary account you want to transfer to. When you’re done, fill the rest of the form as shown below.

Which bank has the best domiciliary account in Nigeria?

The Best Domiciliary Bank to Open in Nigeria Includes:

  • Table of Contents. Zenith Bank Account. …
  • Zenith Bank Account. …
  • GTBank Account. …
  • Fidelity Bank Account. …
  • Uba Bank Account. …
  • First Bank Account. …
  • Stanbic Ibtc Bank Account. …
  • Access Bank Account.


How do I activate my GTBank domiciliary account?

What you’ll need?

  1. Filled and signed Domiciliary Account opening form.
  2. A copy of identification document (Driver’s License, International passport, National I.D Card, or any other acceptable by the bank).
  3. One passport photograph.
  4. Two (2) completed reference forms.
  5. Utility bill issued within the last 3 months.

Can I withdraw money from my domiciliary account?

Make foreign currency transactions conveniently from the comfort of your home, office or anywhere in the world with your GTBank Domiciliary Account. Available in US Dollar, Pounds or Euro, you can fund your account via cash inflows and deposits. You can also make withdrawals from any GTBank branch.

How long does it take to open a domiciliary account in Nigeria?

On average, it takes 48-72 hours to activate a domiciliary account. But as soon as your account is active, you can start receiving and withdrawing foreign currencies like the US dollar. If you are a Nigerian living in the US and need to send money home, you can send USD money transfers fee-free with MAJORITY!

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How does domiciliary account make money?


  1. With your domiciliary account, you can send and receive foreign currencies from anybody anywhere in the world.
  2. You can use it to clear your Google Adsense and Affiliate Marketing Cheques.
  3. You can also use your domiciliary account to do wire transfers.

You don’t even need to worry about funding the Paypal account as your debit card is linked to the Paypal account. … The only option that gives you unlimited spending online with PayPal is to use Dollar Visa or Mastercard with a domiciliary account.

How much does it cost to open a GTB domiciliary account?

Guaranty Trust Bank Domiciliary Account Charges & Monthly Limitations. Opening an account is free but you need to fund the account to activate it. If you do not perform any transaction with it for 6 months, it will become dormant. Withdrawal Limit of $1000 Monthly.

Can I transfer from domiciliary account?

The domiciliary account can be used to transfer funds abroad and also to receive funds in USD, EUR, GBP, etc. from another international account.

Can I receive money from abroad in my bank account?

You can receive money from overseas directly into your bank account, using an international money transfer service. You’ll need to provide your bank details so the sender can set up an online account with the international money transfer provider and exchange the money into your desired currency.

How do I pay money into an international bank account?

To make an international payment, you must have:

  1. the details of the person receiving the payment, including their name and address.
  2. their International Bank Account Number (IBAN) or account number.
  3. the name, address and Bank Identifier Code (BIC) of the bank receiving the funds.
  4. a card reader.
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