May 18, 2022

Access bank domiciliary account: How to open account and receive/transfer money

A domiciliary account is an account opened in Nigeria by non-residents of Nigeria. A non-resident would be someone who has not resided in the country for 3 years preceding the date of deposit/transfer, or a resident with intention to reside outside Nigeria after giving due notice to the Bank.

A domiciliary account can be opened by depositing cash, securities like stocks and bonds, debentures/notes/financial instruments like certificates of deposit (CDs), treasury bills (TBs), money market instruments (MMIs) and investment certificates, or transferring funds from another domiciliary bank across category boundaries.

However, when opening a domiciliary account with Access bank, a non-resident of Nigeria, is still required to enter into a deposit/withdrawal agreement with the bank before the account can be opened. The agreement must stipulate the terms and conditions for opening and maintaining the account. In this article, we will talk about everything you need to know about a domiciliary account, the steps and necessary documents required to open a domiciliary account with access bank.

  • Types of domiciliary account in access bank

There are two types of domiciliary accounts in access bank, the first is an ordinary domiciliary account while the second type is a special domiciliary account.

The ordinary domiciliary account is an account which can be opened with any amount of money you have with you. It does not have a minimum balnace requirement. Also, this account is not tied to where you live or where the bank is located and can be opened at any access bank branch or through the access bank online platform.

The special domiciliary account is a type of bank account which is opened in the country where an individual lives, for income from abroad. This requires a minimum account balance of N100,000 to N400,000 depending on the currency. The currency denominations which you can hold in this account are Naira (N), Dollar (D), Pound Sterling (P), Euro (E) and Japanese Yen (Y).

  • Documents required to open a domiciliary account:
  1. Valid passport or national ID card
  2. Two passport-sized photos
  3. Any proof of address i.e. utility bill, signed lease agreement etc.
  4. Two Reference form signed by Attestors who have a current account in any Nigerian bank and are of Nigerian origin.
  5. Original letter of introduction from the applicant’s employer with photocopy
  6. First time customers must also bring in proof of residency in Nigeria for at least 183 days out of the year

Note: You must be at least 18 years old to be able to open an ordinary domiciliary account (special domiciliary accounts are an exception)

  • How to open a domiciliary account in Access bank

Opening a domiciliary account in Access Bank is very easy. You can visit any Access bank branch or you can phone the customer care department on +234-1-280-2500 for assistance for all transactions. Interested applicants should go through these steps below in order to open a domiciliary account with access bank:

  1. You must get an application form for opening a domiciliary account from the bank;
  2. Fill out the required information on the application form;
  3. Show proof of address (i.e., driving license, voter card, water bill) and proof of identification (i.e. residential lease, property deed, etc.);
  4. Deposit a nonrefundable application fee to the bank;
  5. Send the approved application form and required documents to the bank for opening of the account;
  6. Lastly, Complete all necessary procedures for opening of the account before the end of the required time from when you sent in your application form to when you get your domiciliary account opened.

Note: All Prospective and eligible customers can visit any Access Bank Branch to submit the account opening packages or send Scanned copies via email to

  • How to receive foreign transfer into an access bank domiciliary account

To receive money into your access bank domiciliary account, you will need to have the following information

  1. The name of the account holder.
  2. The full name of both the sender and receiver.
  3. The receiving code of the receiving account. This should be written on the transfer notification and should be a four digit number

Note: If you do not know the receiving code of an account, you can call up the customer service department of access bank to request it for you. You should ask to speak to one of their foreign exchange representatives who should be able to give it to you over the phone.


  1. A telephone number from which you can be contacted in case problems arise with deliveries to your account
  2. An instruction to the bank to make a payment.
  3. The amount in naira you would like to receive.

The above procedures are the same for receiving money in and out of your account. At access bank, we recommend that you make an initial deposit of up to N20,000 into your account in order to avoid delays when money is transferred abroad. The transfer should be made via ATM card or debit card only. Access bank branches are not able to accept credit cards for transfers overseas, though money can be sent via e-payment using credit cards through our card processing partners PagaCard and Neteller .

Also, Most banks do not provide any information about transfers received into an account unless you specifically ask for them over the phone or at a branch. This is normally due to security concerns.

  • How to close an access bank domiciliary account

You can close your account for various reasons like; loss of employment or death of the account holder, change of citizenship or residency status in Nigeria, closure of the access bank branch where the account was opened etc. You will be required to visit any branch of Access bank and submit your request for closure using form 7 (attachment D). The transaction will take two weeks before being processed. After being processed, there are no withdrawal fees after processing takes place. However, you are still liable to pay service charges when withdrawing funds from ATM.


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