Last Updated on January 29, 2022 by admin
A trust might be the perfect solution for beneficiaries that are living outside your home country. Consider a “domiciliary account” managed by Titan Trust, which is available in over 130 countries. A Titan Trust Domiciliary Account is a savings account created specifically to keep your foreign currency (Pounds, euro, or dollar).
Titan trust bank domiciliary account gives account holders the ability to open and maintain a foreign bank account outside your country. This means that, if you’re Nigerian and want to save money abroad, for example, there is no need to open an offshore account. This is why not just Companies, but individuals take advantage of this type of account.
How to Open a Titan Trust Domiciliary Account
- The application process begins when one fills out an application form online or by paper form which can be downloaded via the website.
- After completing the form, you will need to submit any necessary documentation in order to confirm your identity with Titan Trust Bank Ltd. These documents include:
- Proof of your address (water bill, electricity bill etc.)
- Passport copy of yourself with a simple background.
- Proof of Identity (Driver’s License, Voter’s Card, National ID etc.)
- References from current bank account holders.
Once you have confirmed your identity, your account will be successfully created.
How to fund and withdraw with your Titan Trust Domiciliary Account
Once you have established your account with Titan Trust, there are a number of ways for funding and managing it. One of them is through the bank itself.
Through Cash Deposits:
Cash deposits are made in person at any branch or by mail to any branch that is available in the United States or Nigeria.
Direct Deposits:
You can directly fund your domiciliary account by making it your work account. For example, internet earners can receive money using their domiciliary account.
Wire Transfer:
One of the ways to withdraw and fund your account with Titan Trust is through a wire transfer. This transfer can be made using the wire transfer facility on the company’s website. This can be accomplished using an online form or by completing a form that is available at any branch which can be uploaded via the website, or by mail.
Bank Transfer:
Another option for withdrawal is through a bank transfer. This will involve going into your local branch and completing an application to have money transferred from your account into another account that you specify in person at the branch.
Paying for Goods and Services:
You can also withdraw money through paying for goods or services using your credit card with this bank if it has been set up as a method of payment on the company’s website.
