How to apply for FCMB Domiciliary Account and fund Account via Wire/SWIFT Transfer

Last Updated on July 1, 2024 by admin

You want to learn how to open a First City Monument bank foreign currency account which is known as FCMB Domiciliary or you want to know the various requirements to open it before visiting the banking hall ?If yes you need to read this article to the last letter.

This type of account provides individuals and businesses with a gateway to conduct transactions in foreign currencies with ease.

This article will explain detail and requirements to open First City Monument Bank domiciliary account, how to fund Account via Wire/SWIFT Transfer, and types of domiciliary account offer by FCMB.

Read: Gtbank domiciliary account: How to receive Foreign Currency Transfers and open account

Types of First City Monument Bank Domiciliary account

1. First city monument bank Domiciliary Saving Account

First City Monument Bank (FCMB) offers a Domiciliary Saving Account for customers who wish to save in foreign currencies. This account allows customers to hold their funds in various currencies such as US dollars, British pounds, or euros, providing a safe and convenient way to save money in foreign denominations.

This is a foreign currency account with lower operating limits, for those who want to start saving in FX and salary. It helps account holders to develop savings habits in foreign currency for those customers who regularly receive or need to make payments in British Pound Sterling (GBP), the United States Dollar (USD) and European Euro.

This type of account has NO charge on cash withdrawal, it also offers Issuance of foreign currency denominated drafts. The account can be operated either as an individual or a joint account.

The FCMB dom savings account has serialized non-clearing cheque-type withdrawal booklet used for withdrawal by account holder only. It also has Interest bearing but forfeited once there are more than 3 withdrawals in a month.

2. FCMB Current Domiciliary Account

The first city monument’s current domiciliary account allows customers to maintain an account in foreign currencies. The account can be funded in Dollars, Pounds or Euro through foreign currency cheque and or cash lodgments and online transfers

The FCMB current domiciliary account has a low open balance of 60 GBP, 100 USD, 70 EURO. it has no minimum operating balance and No limit on the frequency of monthly withdrawals

The account attract Interest rate of 0.05% p.a for $4,000 ,it also have No account maintenance charge compare to savings dom account

First city monument bank current account holders can access internet banking,deposit Personalized non clearing Cheque book for over the counters withdrawals

Requirements to open FCMB Domiciliary Account

Before you can open the first city monument bank Domiciliary Account you need to have the following details at hand before visiting the banking hall.

Basic Requirements

• Age: Minimum of 18 years old.
• Identification: Valid government-issued identification. This could include:
  • International Passport
  • Driver’s License
  • National ID card
  • Voter’s Card
  • Resident Permit (for non-Nigerians)

• Proof of Address: A recent document showing your residential address, such as:
  • Utility bill (not older than three months)
  • Bank statement
  • Local authority tax bill
• Passport Photograph: One recent passport-sized photograph.
• Completed Application Form: The FCMB Domiciliary Account opening form,

Opening Balance:

• You’ll need an initial deposit, typically around 10 USD, 10 GBP, or the equivalent in your chosen foreign currency.

HOW TO FUND YOUR FCMB DOMICILIARY ACCOUNT

Funding of Account via Wire/SWIFT Transfer

In order to fund your account using transfer, please contact your bank and provide the appropriate CITI Bank details below:

United states”  USD”  Currency transfer information details 

Correspondent Bank: CITIBANK, New York, USA

399 Park Avenue, New York, NY10043. U.S.A.

Swift Code: CITIUS33XXX

Beneficiary Bank: First City Monument Bank Ltd

Swift Code: FCMBNGLAXXX

Account Number: 36887918

Beneficiary Name: Your Name

Account Number: Your account number with FCMB

Currency: GBP

Correspondent Bank: CITIBANK, London, UK

Citigroup Centre, Canada Square, Canary Wharf, London E14 5LB

Swift Code: CITIGB2LXXX

Beneficiary Bank: First City Monument Bank Ltd,

Swift Code: FCMBNGLAXXX

Account Number: 11871706

IBAN: GB08CITI18500811871706

Beneficiary Name: Your Name

Account number: Your account number with FCMB

Currency: Euro

Correspondent Bank: CITIBANK, London, UK Citigroup Centre, Canada Square, Canary Wharf, London E14 5LB

Swift Code: CITIGB2LXXX

Beneficiary Bank: First City Monument Bank Ltd,

Swift Code: FCMBNGLAXXX

Account Number: 11871684 IBAN: GB20CITI18500811871684

Beneficiary Name: Your Name

Account number: Your account number with FCMB

Currency: Naira

If your account is Naira, simply provide your bank with the appropriate details above depending on the currency you are sending.