Domiciliary Account allows you to send and receive foreign currency such as USD from your GTBank account in Nigeria. For most people involved in international transactions, a Domiciliary Account is what they need to legally receive funds from overseas.
Open a GTBank Domiciliary Account Online
There are two types of Domiciliary Accounts you can open with GTBank namely; Domiciliary savings account and Domiciliary current account and each has its own specifications.
But how do you go about opening a Domiciliary Account online?
GTBank has made it easier for those interested in having a Domiciliary Account to access forms and other relevant information online.
Domiciliary Account opening form
To create a Domiciliary Account, you first need to fill out the Domiciliary Account opening form. You can download the form from GTBank website and fill them with the correct information.
1. Additional Account opening form
The forms often have the GTBank logo. You will not find a domiciliary account typed boldly on it as the title but it is meant for domiciliary account creation so this is important for easy identification.
His section contains a request for personal information concerning the domiciliary account that you intend to open. You can also specifically select whether your account will be for US dollars, pounds or euros. Other contact information is also required.
The declaration is an affirmation by the intending account owner that they have accepted the terms and conditions and have provided the correct information in the first section of the form. Here they will be required to sign their signature on the form. Being a sensitive account, it is expected that all information provided by the customer are double checked
For Official use only
This section is not for the intending account owner. It should be filled only by the account manager. When submitted by the customer, it should be left blank. It will pass through the rudiments of normal account creation and will be approved before it will be available. However, all requested documents including referees must be provided before the account can be ready for use.
1. Documents required to open your account
This section further stresses the documents that are required to open this account with GTBank. It is not a section to fill like the first section. Rather, it is merely informational, and the documents listed must be attached while submitting the filled form to GTBank customer care email as explained in the next section to make your account opening process a lot easier.
2. Additional information for domiciliary account
More details about the domiciliary account and how it is operated will be shared to further enlighten the customer on the domiciliary account and what to expect. Details like access to cash from your domiciliary account and means of accessing it are provided in simple and clear terms.
Aside from the Domiciliary Account opening form, there are some documents you need to provide. Since you want to apply online, you can scan each of them ready to upload. The document often includes acceptable means of identification, passport photograph and utility bills obtained within the last three months.
i. Reference forms (2)
You can download reference forms from the website and fill them with two valid referees. The terms and conditions for acceptance of your referees will be stated in the forms so ensure that they are strictly adhered to.
After putting all these together, email them to the GTBank Customer service email for the creation of your Domiciliary Account. Also note that for GTBank, the minimum opening balance is $100.
It takes an average of 2 to 3 days for your Domiciliary Account to be active. Upon creation, you will be able to carry out financial transactions; check balances, and transfer, and receive monies in foreign currency. While going on with the Domiciliary Account opening process, you can call the customer care center of GTBank for clarifications.