How to open FirstBank Domiciliary Account
Domiciliary Account
This is an account that allows you save in US Dollars, Pounds Sterling or Euro; with your money valued at the prevailing exchange rate. It facilitates your international business transactions.
This foreign currency deposit account is targeted at existing and potential domiciliary customers with balances of $5,000 and above. It offers attractive interest rates and highly reduced transfer charges.
FirstDom Plus
Importance of Firstbank Domiciliary Account
- Account is operated with a specialized non-clearing cheque book
- Foreign draft issuance is allowed on the account
- No charges on over-the-counter cash withdrawals
- Transfer charges on account as low as 0.25% flat
Who Can Apply Firstbank Domiciliary Account
- Individuals and corporates.
REQUIREMENTS
- Individual Account Opening Form
- Completed Specimen Signature card
- Two recent passport photographs
- Valid means of identification e.g. International Passport , Driver’s License or National I.D. Card (Original to be sighted)
- Utility Bill, e.g. NEPA, NITEL Bill, etc
Difference between FirstDom Account and Domiciliary Account
FirstDom Account
Minimum Opening Balance
$5,000, €5,000 or £3,000
Minimum Operating Balance
$5,000, €5,000 or £3,000
Online Banking/ATM
YES
Free Cheque Book
Specialized non-clearing cheque book
Withdrawal Limits
No Limits
Domiciliary Account
Minimum Opening Balance
$500, €500 or £300
Minimum Operating Balance
$500, €500 or £300
Online Banking/ATM
YES
Free Cheque Book
Specialized non-clearing cheque book
Withdrawal Limits
No Limits
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