Last Updated on July 1, 2024 by admin
This content would provide readers with a comprehensive guide on how to open a Gtbank domiciliary account, including the required documents, the application process, and any other relevant information. You will learn how to manage the account effectively and avoid any potential fees or charges.
It would provide clear and concise answers to questions such as “What is a domiciliary account?” “How do I fund my account?” and “What are the fees and charges associated with the account?”
With GTBank Domiciliary Account you can Save in foreign currency. Whether you’re an Individual earning foreign currency or a business person looking to make International payments, here are some important things to know before you open a personal or business
Guaranty trust banks Dom account doesn’t require opening balance, you can get your account open without depositing any money if you meet other requirements by the bank. For fast processing i advice you get gtbank reference to enable the bank verify your reference instantly rather-than waiting for weeks or months for your reference to be verified
Gtbank domiciliary account offers various benefits, such as easy access to foreign currency, competitive exchange rates, and convenient online banking services.
What is a Domiciliary Account?
A domiciliary account is designed to enable you to receive, send, and transfer foreign payments using your local bank. It ensures you can carry out local or international transactions involving foreign currencies from the comfort of your home, and anywhere in the world.
The funds are Available in US Dollar, Pounds or Euro, you can fund your account via cash inflows and deposits. You can also make withdrawals from any GTBank branch. .
Domiciliary Account
Requirements For GTBank Domiciliary Account
To get your Guaranty trust bank Dom account, you need the follow documents and information
1. Filled and signed Domiciliary Account opening form.
2. A copy of identification document (Driver’s License, International passport, National I.D Card, or any other acceptable by the bank).
3. One passport photograph.
4. Two (2) completed reference forms.
5. Utility bills such as lawma, PHCN receipt issued within the last 3 months.
Steps to open GTB Domiciliary Account
1.Once you have the above details, walk into any Gtbank branch and request for a Domiciliary account opening form. If you don’t have a savings account with the bank you will be mandated to open savings along with a Domiciliary account.
2.Search for current account owners to sign to your reference form. If you can get a Gtbank account owner to sign your reference it will be better and faster to get verified and approved compared to other banks which may take weeks before your account will be ready and verified.
3.Filled and signed Domiciliary Account opening form correctly do make errors in your names, date of birth or bvn number.
How To Fund The GTBank Domiciliary Account
You can easily fund your GTBank domiciliary bank account with the following methods once it’s opened
1. Direct bank deposit
2. Lodging of foreign currency cheque
3. Cash inflow
4. Traveller’s cheque
5. Wire transfer
What is the Charges for Gtbank Domiciliary Account
There is Annual Maintenance fee of $10 (or it’s equivalent in dollars) for Gtbank Dollar Debit MasterCard or Visa card
You will be charged 0.5% during withdrawal but you will not be charged when you receive any money deposit.
How to receive foreign currency Gtbank domiciliary account
From US dollars, Euros, and Pounds to Cedis, Renminbis and Yen, basically all kinds of foreign currencies can be used for transactions through a Domiciliary Account. However, as mentioned earlier, a single currency operates per Domiciliary Account.
You can receive payments into your gtbank domiciliary account from another country using wire transfer. There are many methods used for sending and receiving foreign currencies; you should always ask your bank’s customer care to know the type they accept.
