Domiciliary Account
A UBA Domiciliary Account allows you to seamlessly send and receive funds in foreign currencies.
Everyone is different so one size never fits all.
Whether you're traveling, sending money to loved ones abroad, or receiving payments in any foreign currency, a UBA Domiciliary Account has you covered.
Freedom Dom Account
This domiciliary savings account is designed to effortlessly receive foreign remittances directly into your account.
Dom Advantage Account
Dom Advantage is a flexible domiciliary account in foreign currency, available as current or savings accounts.
UBA Kiddies Domiciliary Account
An account in USD, GBP, & EURO, tailored for parents saving towards their children’s education abroad.
Expatriate/Diaspora
Diaspora Banking is a tailored service crafted to meet the unique financial needs of Nigerians living abroad.
Freedom Dom Account
Introducing our Freedom Savings Domiciliary Account. This domiciliary savings account is built to receive foreign remittances, directly into your account. The maximum limit on this account is $2,000. However, customers will need to upgrade their accounts once they exceed a debit turnover limit of $2,000.
Features/Benefits
- Easy documentation requirements.
- Zero balance account opening.
- Free access to check account balances via our Mobile App and the Internet banking platform.
- Receive foreign currency and Telex inflows directly into your account.
- No withdrawal charges.
Requirements
- BVN and one passport photograph.
Frequently asked questions
Q: What is the minimum operating balance for FSDOM account?
A: The Minimum operating balance of $ 50, € 50 or ₤ 50 or its equivalent in other currencies.
Q: What is the minimum opening balance for Freedom Savings Domiciliary accounts?
A: The Minimum operating balance of $ 50, € 50 or ₤ 50 or its equivalent in other currencies.
Q: What documentation is required for FSDOM?
A: BVN and one passport photograph.
Q: Does the Account Allow Use of Debit and Credit Card?
A: No, please. The account does not allow the use of cards.
Q: What is the interest rate for this account type?
A: This is a zero interest paying account.
Q: Can customers carry out transfers on this account?
A: No, please. Customers can only access their cash through in-branch cash withdrawals.
UBA Kiddies Domiciliary Account
The UBA Kiddies Domiciliary Account is an FCY account denominated in USD, GBP, & EURO meant for parents who want to save for children’s secondary/tertiary education abroad.
Requirements
- Valid Identification of Parent/Guardian.
- Two Passport photographs of Child and Parent.
- Child’s birth certificate.
- Utility bill of the parent/guardian.
- BVN of the parent/guardian.
Fees/Charges
- Withdrawals: 0.5% + VAT on amount withdrawn.
- Telex Transfer: 0.5% +VAT or US$10 or its equivalent whichever one is higher + Communication charge of US$25 or Euro 20 or £ 15.
- Draft request: 0.5% +VAT or US$10 or its equivalent whichever one is higher + communication charge of US$25 or Euro 20 or £ 15.
Terms & Conditions
- Opening balance of $100 or £70 or its equivalent.
- Minimum operating balance of £350 or its equivalent.
- Interest Rate of 0.1% payable on the credit balance.
Dom Advantage Account
Dom Advantage is a current or savings domiciliary account denominated in foreign currency – US Dollar, Pound Sterling, EURO, etc, but operated in Nigeria as domiciliary Account.
Benefits
- Minimum opening balance of $ 50, € 50 or ₤ 50 or its equivalent in other currencies.
- Account is operated in any of the major currencies- US Dollar, GBP, Euro etc.
- Foreign Cheques/Instruments can be credited to the account.
- Can be used as a channel for Investments in securities and real Estate in home & abroad.
Requirements
- Two current account references.
- Valid identification (International Passport, Driver’s License, National ID card, Voter’s Card).
- Utility bill (not older than three months).
- One passport photograph.
Terms & Conditions
- Minimum opening balance of $50, €50 or ₤50 or its equivalent in GBP, Euro etc Interest payable on account credit balance subject to a minimum balance of $1,000.00 or its equivalent.
Expatriate/Diaspora
Diaspora Banking is a unique banking service designed to meet the banking needs of Nigerians living abroad.
Requirements
- Duly Completed Diaspora Account Opening Form via the Online account opening page.
- A valid means of identification (Valid Nigerian International passport/ Driver’s license/ resident permit/work permit or foreign passport with Nigerian place of birth/country of origin backed with any form of Nigerian ID even if expired.
- Proof of address {Utility bill for the last 2 months or Bank Statement for the last 6 months}.
- Proof of source of funds (recent pay slip/ work ID/ letter of reference from current banker/ business registration documents if self-employed).
- 1 recent Passport photograph {for joint account holders, one recent passport photograph for each signatory).
