May 18, 2022

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

A domiciliary account is a foreign currency account that requires minimal documentation to open. The account is set up to accept and receive deposits in the following currencis: British Pounds, US Dollars, and Euros. Account users who receive overseas remittances and make payments in US Dollars, Pounds, and Euros can also get a foreign currency debit card for online payments and fund it with foreign currencies.

Unity bank domiciliary account has a bonus interest rate, internet banking access, card access, and other value-added features that we will go over in depth later in this article.

As we proceed, let’s look at some of the features and benefits of Unity bank domiciliary account.

  • Featured and Benefits of Unity bank domiciliary account
  1. Opening balance $100 (€, £) or its equivalent in € & £
  2. Direct remittances
  3. Interest payment on deposit
  4. Foreign and home remittances
  5. Commission per transfer of 1% of transaction amount.
  6. Telex charge flat fee of $38
  7. Withdrawals in foreign denominated currencies
  • Documents required to open a Unity bank domiciliary account

These are some of the necessary documents which must be available when opening a domiciliary account with unity bank

  1. A completed account opening form
  2. Recently taken Passport photographs
  3. BVN
  4. International passport, driver’s license, national identification card, voter registration card, or resident permit (for immigrants)
  5. Address verification, such as a utility bill, a recent bank statement, or a tax bill from the local government, etc.
  • How to open a Unity bank domiciliary account

Opening a domiciliary account with u city bank is quite easy, and with the following steps you would be able to accomplish this task in no time.

  1. Complete the account registration form
  2. Obtain three current account references from friends or family members. (If you have a current account with Unity Bank, you can skip this step).
  3. Submit any additional documents requested by the bank, such as identification cards, utility bills, and BVN numbers, among others.
  4. As part of the requirements, you must deposit $100  or its equivalent in pounds and Euros
  5. Once you’ve completed the registration process, you’ll receive your account number via email or phone, which was attached to your application during the registration process.
  • How to receive foreign transfers into your unity bank domiciliary account

Before customers can receive funds into their domiciliary account, they must make sure the following requirements are met;

  1. Customer must have a domiciliary account that is functioning.
  2. The account must be sufficiently filled to cover both the principal and the charges.
  3. Customers must submit a formal request for a domiciliary transfer that includes the beneficiary’s information.
  4. A properly completed Indemnity form (Download Form)

Once you have all these requirements, then you can provide the sender with the following information to receive foreign transfers.

  • FOR U.S DOLLARS (USD) ONLY

BANK NAME: ODDO BHF BANK

SWIFT CODE : BHFBDEFF

ACCOUNT NAME : UNITY BANK PLC

SWIFT CODE : ICITNGLA

ACCOUNT NUMBER : 0100715433

INTERMEDIARY BANK: THE BANK OF NEW YORK MELLON

SWIFT CODE: IRVTUS3PLC

  • FOR POUNDS STERLING(GBP) ONLY

BANK NAME: ODDO BANK BHF

SWIFT CODE: BHFBDEFF500

ACCOUNT NAME: UNITY BANK PLC

SWIFT CODE: ICITNGLA

ACCOUNT NUMBER: DE88 5002 0200 0200 7154 33

INTERMEDIARY BANK: HSBC PLC LONDON

SWIFT CODE: MIDLGB22

  • FOR EUROS ONLY

BANK NAME: ODDO BANK BHF

SWIFT CODE: BHFBDEFF

ACCOUNT NAME: UNITY BANK PLC

SWIFT CODE: ICITNGLA

ACCOUNT NUMBER: 0000715433

Note: To enable us to apply funds, the beneficiary’s Unity Bank Plc account number must be supplied with these details.

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