First Bank: How to Open a Domiciliary Account Online

First Bank: How to Open a Domiciliary Account Online-This is a complete breakdown of how to open a domiciliary account with First Bank of Nigeria and the benefit attached to it.

Opening a domiciliary account online with the First bank is very easy and comfortable, read through this article for the steps involved and the advantages of having a domiciliary account here in your country

Meaning of Domiciliary Account or Dollar Account

A dollar account officially known as a domiciliary account is a bank account you open in Nigeria (Africa) that enables you to receive and withdraw foreign currencies. With a dollar account in Nigeria banks today you can receive money from different currencies from abroad but is not operated in Nigeria (Africa) currency, with this account you can operate with the three global currencies and you can receive money from either United States dollars, or British Pounds, or Euros.

How many types of Domiciliary Accounts do we have?

There are mainly two types of domiciliary accounts that are presently operating worldwide which are;

• Domiciliary Savings account, and
• Domiciliary Current account.

NOTE; you can open any one that suits your purpose

Features of Domiciliary Account In First Bank

• Minimum opening balance of $500, €500, or £300
• Minimum operating balance of $100, €100, or £50
• No limit to the number of withdrawals in a month
• Cash withdrawal is at 0.5% flat per transaction
• Inter sol transactions (account owner only) are allowed.
• Guaranteed FCY deposit
• Attractive pool for interest on bank fund
• No restrictions on the number of withdrawals
• Inter sol withdrawal (account holder only) allowed.

Requirement for Opening a Domiciliary Account in First Bank

• Duly completed Account Opening Form
• Duly completed specimen signature card
• Two (2) recent passport photographs
• Address verification document: Utility Bill
• Valid means of identification e.g. International passport, Driver’s license, or National ID card.

How to Apply for Domiciliary Account

• Download the Domiciliary Account Form
• Complete the form and submit it at the nearest FirstBank branch

How to Open Domiciliary Account with First Bank

• Visit the First bank website
• Scroll down to ‘Account Opening Form’, and click on it.
• Three forms will be displayed, that is ‘Account Opening Form, Signature Form, and Reference Form’. Click on each of them, they will be downloaded automatically to your phone or PC.
• Ensure to fill out all the forms you have downloaded.
• Once you have filled them out, email the forms to customerservice@Firstbankng.com.

The benefit of First Bank Domiciliary Account

• Minimum opening balance of $500, €500, or £300
• Minimum operating balance of $100, €100, or £50
• No limit to the number of withdrawals in a month
• Cash withdrawal is at 0.5% flat per transaction
• Inter sol transactions (account owner only) are allowed.
• Guaranteed FCY deposit
• Attractive pool for interest on bank fund
• No restrictions on the number of withdrawals
• Inter sol withdrawal (account holder only) allowed.

Black Market rate of Dollar to Naria

Dollar to Naira (USD to NGN)	Black Market Exchange Rate Today
Buying Rate	580
Selling Rate	610

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