Domiciliary Account

Save, send, and receive foreign currencies (USD, Euros and GB Pounds) easily and securely.

Domiciliary Account

Domiciliary Savings

This is a foreign currency account that gives you the option to save in foreign currencies (US Dollars, Euros and GB Pounds). Whether you earn in foreign currency or receive international payments, this account helps you grow your savings with competitive interest rates. Ideal for individuals, freelancers and expatriates who receive or save foreign currency regularly.

Account Features & Benefits
  • Account opening balance of $50 or its equivalent in Pounds and Euros
  • Up to 1% interest per annum (interest will not be forfeited when withdrawal is more than 4 times in a month)
  • 0.05% is charged on cash withdrawals (Maximum amount charged here is $10)
Account Opening Requirements
  • 2 passport photographs
  • Valid means of identification: international passport or Driver’s license/National Identity card
  • Current Utility bill (not more than 3months old) or signed tenancy agreement
  • BVN

Domiciliary Current

Designed for individuals and businesses that need a reliable way to send and receive foreign currencies. Whether you are making international payments or receiving funds from abroad, this is a foreign currency account that allows you the option to bank in any of the two global currencies (Euros and GB Pounds).

Account Features & Benefits
  • Account opening balance is the equivalent $100 in Pounds and Euros
  • Access to international transfers
  • Swift charge is the equivalent of 22USD in GBP & 18EUR for transfer. (If this is a discounted offer, can you rephrase)
  • Transfer charge of 0.5% of principal amount
  • 0.05% is charged on cash withdrawals
Account Opening Requirements
  • 2 passport photographs
  • Valid means of identification: international passport or Driver’s license/National Identity card
  • Current Utility bill (not more than 3months old) or signed tenancy agreement
  • BVN
  • 2 valid references
  • CIU Form – this is more of internal documentation if existing customers who want to open another account now have a different KYC details like address etc.

UnionAce

UnionAce is a dollar-denominated savings account designed to help you grow your foreign currency savings while providing easy access for international transactions. Whether you are saving for tuition, travel or investment, UnionAce offers competitive interest rates, a global debit card and 24/7 digital banking access.

Account Features & Benefits
  • Account opening balance of $100
  • Up to 4% interest rate p.a. on your dollar deposits.
  • Easy payments abroad using the UnionAce MasterCard via POS and Web. No charges apply.
  • Card is valid for 3 years
  • Annual card maintenance of $10
  • Ease of payments when using UnionAce Mastercard – Daily limit of $7,500 and $4,000 on POS and Web respectively.
  • Up to 5.5% interest rate P.A on your dollar deposits.
  • Over the counter transactions are permitted
  • Discount on travel tickets from select airlines
Account Opening Requirements
  • BVN
  • Internal KYC documentation
  • 2 valid references
  • 2 passport photographs
  • Valid means of identification: international passport or Driver’s license/National Identity card
  • Current Utility bill (not more than 3months old) or signed tenancy agreement

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