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Nigerian Business Forum

How to Open A Domiciliary Account with Zero Balance in Nigeria

Yes, you can open a domiciliary account in Nigeria with zero balance.

Opening a domiciliary account in Nigeria has never been easy for many people . Most of the banks will request you to open the account with minimum balance of $ 100, € 80 or ₤ 70 or its equivalent in other currencies.

Providing referees is another big challenge that many people face as it is not easy to find people who will stand as referees and most of the banks request 2 referees.   

The only bank that is different from other banks for domiciliary account opening in Nigeria is UBA. You can open a domiciliary account at UBA with zero dollar. The name of the account is Freedom Domiciliary Account and you do not need any referee to open this account. Freedom Domiciliary Account is a USD foreign currency account with lower operating limits, for those who want to start saving in dollars.

All you need to open this account are

Completed account opening form

2 passport photographs

International passport or Drivers License or National ID card or Voters Card, or Student ID card or Association ID card or Town Union ID card or Residential Estate ID card or Resident Permit (for immigrants)

You can also read:  Exchange Your Digital Currency in Nigeria on Monex.ng

 

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