May 18, 2022
UBA domiciliary account

UBA domiciliary account: How to open account and receive/transfer money to your account

In Nigeria, all major international banks have what is called a domiciliary account. A domiciliary account lets you receive funds in the form of foreign transfers and US dollar deposits in your local currency.

UBA domiciliary accounts allow individuals and businesses to receive and make payments in foreign currency. These accounts facilitate your international transactions and can be accessed through cash deposits, traveler’s cheques, or foreign currency cheque deposits. In this article, we would be looking at the types and features of UBA domiciliary and also the steps on how to open one for yourself.

  • Types of UBA domiciliary account

The United Bank of Africa (UBA) provides her customers with three different types of domiciliary accounts with their own unique features and document requirements which are:

  1. Freedom Dom Account: This is a domiciliary account that helps customers to receive foreign remittance directly into their account with no transaction limits. It requires zero balance before opening — which means that you don’t have to deposit any money before your account can be activated.

Note: customers cannot make transfers with this account. You can only access your money through in-branch cash withdrawals.

DOCUMENTS REQUIRED

The only document you need as a customer to open this account is your BVN

  1. Dom Advantage Account: This is a current or savings account designated into foreign currencies — Dollars, Pounds sterling, Euros etc and can be opened with a minimum balance of $100, €80, £70. The interest payable on an account must have a minimum of $1,000.00 or its equivalent in other currencies.

DOCUMENTS REQUIRED

  • Two passport photographs
  • Certified copy of your international passport, drivers license, National Identity card or voter’s card
  1. U–Care plus Domiciliary Account: This is a domiciliary account that is created for parents who want to save up money for children’s secondary or tertiary education abroad. It has a minimum opening balance of $100 or £70 or its equivalent and has a minimum operating balance of £350 with an interest rate or 0.1% payable on credit balance.

DOCUMENTS REQUIRED

  • Birth certificate of the child
  • Two passport photographs each of the parent and the child
  • Valid identification or proof of the parent/guardian
  • Proof of residence or Address verification of the parent/guardian

Note: for more info please visit the UBA official website “https://www.ubagroup.com/nigeria/personal-banking/accounts/domiciliary-account/”

  • How to open a Domiciliary account with UBA
  1. Visit any UBA branch near you or go to the UBA official website “www.ubagroup.com” to get started.
  2. Make sure all the documents stated above are available before registration.
  3. Fill the account opening form, signature form and the reference form given to you by the bank agent.
  4. You would be asked to present 2 references who have used a current account with UBA or any other bank within the last 6 months.
  5. Submit all necessary documents and pay a minimum of $100 or the equivalent amount in other currencies.
  6. Once all your information and documents have been verified, your account would be activated in less than 72 hours.
  • How to receive foreign transfers with UBA domiciliary account

With the help of the UBA domiciliary account, customers can receive foreign currencies from anywhere in the world. Here are the formats and details which you will need when receiving foreign transfers from your Dom account.

 

USD TRANSFER TO DOMICILIARY ACCOUNT

Swift code: UNAFNGLA

Through: CITIBANK NEW YORK United States

SWIFT CODE: CITIUS33

ROUTING NO: 0210000321

Account NO: 36320321

For further credit please provide the following information

  1. Beneficiary account number
  2. Beneficiary name
  3. Beneficiary Address
  4. UBA Branch

 

EUR TRANSFER TO DOMICILIARY ACCOUNT

CITIBANK LONDON

Please pay: UNITED BANK FOR AFRICA PLC, NIGERIA

SWIFT CODE: UNAFNGLA

Through : CITIBANK LONDON

SWIFT CODE: CITIGB2L

ACCOUNT NUMBER: 0013664082

SORT CODE : 185008

IBAN: GB29CITI18500813664082

For further credit please provide the following information

  1. Beneficiary account number
  2. Beneficiary name
  3. Beneficiary address
  4. UBA branch
  5. Payment details

 

GBP TRANSFER TO DOMICILIARY ACCOUNT

CITIBANK LONDON, UNITED KINGDOM

Please pay: UNITED BANK FOR AFRICA PLC, NIGERIA

 

SWIFT CODE: UNAFNGLA

Through : CITIBANK LONDON

SWIFT CODE: CITIGB2L

ACCOUNT NUMBER: 0013664090

SORT CODE: 185008

IBAN: GB07CITI18500813664090

For further credit please provide the following information

  1. Beneficiary account number
  2. Beneficiary name
  3. Beneficiary address
  4. UBA branch

5. Payment details

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