Access bank domiciliary account

Banking

How to open Access bank domiciliary account, features and requirements

Access bank domiciliary account is an account used to receive and transfer foreign currency. With the domiciliary account you can carry out local and international transactions irrespective of your location real time 24/7.

The Access bank domiciliary account is funded in Euro, Pounds, Dollars and Yen.

The domiciliary account is available for,

  • Individuals
  • Business owners
  • Small and Medium Scale enterprises and
  • Corporate organizations

The Access bank domiciliary account has the savings and current account category.

Both have dynamic features with similar requirements, however, designed to afford customers with a seamless service experience.

Benefits of Access bank domiciliary account

  • Free financial advisory services enabled
  • Interest is being earned on account balances
  • Monitor account activities from the comfort of your home/office
  • Third party withdrawal is enabled for a current account with cheque
  • Provides account information updates via SMS/Email alerts

Features

  • It goes with a $100, Pounds and Euros opening balance
  • Interest rate 0.01% per annum (above 100,000 GBP, USD, Euro)
  • A cash handling charge of 0.5% on withdrawals
  • There’s no minimum daily balance attached
  • Customized cheque book on request
  • There’s no monthly maintenance fee
  • No restriction of number of withdrawals

Requirements

  • Duly completed account opening form
  • 1 passport photograph
  • Proof of identity in any of the following categories, authorized and sighted (Download SVGPerfect when you want to use just one icon as a vector on the desktop or in your own icon workflow, a valid Nigerian passport, valid international/foreign passport supported by proof of Nigerian origin, a valid Nigerian driver’s license, etc.)
  • Proof of residence address this involve a notarized or sighted copy of any of the following (Dully completed banker’s confirmation, copy of utility bill within the last 90 days which must show the same address as supplied, bank/credit statement issued within the last three months showing customer address)
  • References for diaspora naira current domiciliary account

Option one: An independent reference letter obtained from current bankers and signed referenced form by an Attestor of Nigerian origin who maintain a current account with a Nigerian bank.

Option two: Two signed reference forms by attestors of Nigerian origin who maintain a current account with a Nigerian bank.

  • Indemnity, there should be indemnity form duly executed for email, fax and scanned documents.
  • A notarized copy of marriage certificate is required for joint account
  • BVN signatory
  • AML risk assessment
  • FATCA form for customers who reside in the USA.
  • Forms CO7 and CO2 for companies
  • Certificate of business incorporation for companies

How to open Access bank domiciliary account

Walk into any Access bank branch in your location with requisite account opening documentation as advised above in line with either savings or current domiciliary account.

You are required to complete account opening form accordingly, having met necessary conditions your account should be ready within 24 hours.

Access bank domiciliary account charges

Cash handling attracts a charge of 0.5% on withdrawals, account closure is free, cost of cheque book, ATM cards and all other transactions are charged in line with the bankers tariff.

What is the maximum opening balance for the domiciliary account?

The maximum opening balance for the account is $100, Pounds and Euros.

Is there minimum daily balance for domiciliary banking?

The minimum daily balance is zero.

How can a prospective domiciliary account customer submit documents to Access bank for account opening?

Domiciliary account opening documentation should be submitted through the following means,

  • Visit any Access bank branch to submit the account opening packages
  • Scanned copies to be scanned via email to sandip@accessbankplc.com

Can domiciliary customers transfer money from their accounts to beneficiaries in Nigeria?

Yes, using the electronic banking platform, internet banking with the aid of the secure token device. The domiciliary account customers can transfer money to,

  • Beneficiaries who have Access bank account
  • Beneficiaries who have account with other banks

Can domiciliary customers lodge cheques and dividend warrants into their accounts?

Yes, local cheques and dividend warrants can be lodged into the customer’s domiciliary account through any of the bank branches in Nigeria.

What is domiciliary account?

This is a foreign currency account that’s either Pounds, Dollars or Euros.

Conclusion

The Access bank domiciliary account could either be savings or current. Whichever you choose kindly note that the opening documentation vary slightly at some point.

It’s your turn now.

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