Looking to know all important information about Zenith bank’s domiciliary account such as its opening form, opening balance, transaction limit, transfer charges, etc? In this article, we have got you covered! Please continue reading!!
Zenith bank’s domiciliary account is a platform designed to give you access to a wide range of Money transfer Operators like MoneyGram, WorldRemit, WesternUnion, Flutterwave, and lots more.
From this view, you can use your Naira account details and Zenith bank domiciliary account to receive foreign currency from abroad and can also be able to transfer money abroad internationally.
For more information about Zenith bank’s domiciliary account and how to get its opening form, please read this post carefully or visit any of Zenith bank’s dedicated remittance branches across the nation for your remittance transactions and inquiries.
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What is Zenith bank domiciliary account opening balance
Zenith bank does allow customers to open a Naira account with zero Naira, hence, in the case of their domiciliary account, just simply use your ID document to open any type of domiciliary account of your choice for free.
If you are not having money to open a domiciliary account while you want to receive payment from abroad, Zenith bank is the number one to open a domiciliary account with, get your account number and send it to your sender to transfer the money.
From this view above, Zenith bank’s domiciliary account opening balance is zero Dollars if you want to open a Dollar account.
Also, it is zero Pounds if you want to open a Pound account.
Now, let’s move on.
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How to get Zenith bank domiciliary account opening form
Zenith bank’s domiciliary account opening form is a form designed by Zenith bank which can be used to obtain the personal details and information of customers who are interested to open a domiciliary account with them.
By obtaining Zenith bank domiciliary account opening form, you must disclose your bank verification number (BVN), father’s name, mother’s name, address, occupation, state of origin, date of birth, and lots more to Zenith bank, else your account opening effort would not be successful.
Now, how can I obtain the Zenith bank domiciliary account opening form, you asked?
For you to obtain or get your own domiciliary account opening form today and step-by-step guides on how to fill it, please follow the instruction below:
- First, click here to download the opening form
- Fill it correctly with your details
- Attach your passport photograph to it where required
- Accept their terms and conditions
- Enter your signature and date where required
- Now, at this point, you can submit the form to any nearest Zenith bank branch or send it to them via email at: [email protected].
- To find Zenith bank which nears your current location in Nigeria, please click here and choose your state from the dropdown and begin searching.
Please note that the minimum opening balance for the account is zero $. However, if it is with opposite banks like UBA, Union bank, GTB, etc. the minimum opening balance of any type of domiciliary account is $100 or it’s equivalent in Euro and Pounds.
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Zenith bank domiciliary account transaction limit
Zenith bank domiciliary account service is a service that can give you the opportunity to conveniently carry out foreign transactions wherever you may be.
The Zenith Bank Domiciliary Current account gives account holders access to international transfers with a Transfer charge of 0.5% of the principal amount.
The maximum limit for foreign currency transfers by cash deposits using a Zenith bank domiciliary account is now $5,000 per month.
This means that only a maximum of $5,000 monthly will be allowed for transfers if the source of funds is a cash deposit into a domiciliary account.
While banking with Zenith bank domiciliary accounts, you still have an access to their debit cards, internet banking, and mobile banking application, your transfers, payments, standing orders, etc. can be done without you walking into their banking halls.
You can fund your Zenith bank domiciliary account through a deposit or transfer.
Since this type of account is a domiciliary account, the only currency accepted in the account is international currency (either Dollar, Pound, Euro, etc.), hence, you can either go to the bank, make the deposit yourself or someone else makes the deposit on your behalf.
After the completion of filling out your Zenith bank domiciliary account has been made, now you can make foreign currency transactions conveniently from the comfort of your home, office, or anywhere in the world.
With your Zenith bank Domiciliary Account Profile which is available in US Dollars, Pounds, or Euro, you can fund your account via cash inflows and deposits.
You can also make withdrawals from any Zenith bank branch nationwide.
Unhappily, the domiciliary account doesn’t accept Naira (Nigerian currency). It does, however, accept foreign currencies such as Euros, Dollars, Pounds, etc.
Happily, you can transfer money from your domiciliary account to another domiciliary account abroad or within the country but note that you must be charged some fees for this action to take effect.
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Requirements to open Zenith bank domiciliary account
When we talk about the best banks for opening a domiciliary account, we first mention Zenith bank because it is one of the leading banks in Nigeria with good customer service and products.
Now, glad to open your domiciliary account with Zenith bank and start transferring and receiving money internationally at the comfort of your home or office. Please note the following opening requirements.
- Account opening form (existing account holders with full documentation only require a written letter or completion of the account opening form without the provision of any other documentation).
- BVN
- Your existing Zenith bank account number (if any)
- One passport photograph of authorized signatories.
- Valid ID (Driver’s License, International Passport, National Identity Card, NIN, or Voter’s Identity Card).
- Valid phone number and email address
- Public Utility Receipt dated within the last three months
(PHCNbill, water rate bill, tenement rate, rent receipt,
telephone bill etc.) - Visitation Report (Residence).
- Zero opening balance – you do not need money to open and maintain a domiciliary account at Zenith Bank.
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How to send money to any Zenith bank domiciliary account
To be able to send or transfer international currency to Zenith bank domiciliary account within Nigeria or from another country, first you have to know the:
- Type of domiciliary it is (is it Dollar, Euro, or Pounds?).
- Name on the account.
- Name of the bank.
- Branch address of the bank.
- Routing Number.
- Swift Code (You can Google the Swift Code of your Bank or ask your bank manager)
Conclusion
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