How to Open Unity Bank Domiciliary Account and receive Foreign currency

Last Updated on May 29, 2023 by admin

The Unity Bank Domiciliary Account is a foreign currency account that can be funded with US. dollars, British pounds and euro through foreign/local remittance and cash deposit

This type of account is designed for Individuals that want a foreign currency account. The Opening balance for unity bank dom account is $100 (€, £) or its equivalent in € & £ also you can only make foreign deposit and Withdrawals on this account .

This type of account is suitable for blogger, content creator and international business man and woman who intend to Receive foreign transfer and make foreign Payment from Nigeria to another country

Product Features and Benefits

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.
5. Telex charge flat fee of $38
6.Withdrawals in foreign denominated currencies

Types of Unity bank Domiciliary Accounts?

There are basically two types of Unity bank domiciliary accounts. They are:

Savings Domiciliary Account
Current Domiciliary Account

Unity bank Savings Domiciliary Account

This domiciliary account type is a foreign currency account that enables a person to save funds in foreign currencies and withdraw them through a bank teller.

These account holders can equally issue cheques to third parties.

Unity bank Current Domiciliary Account

On the other hand, a current domiciliary account is similar to a current account and is typically used by enterprises or business people.

How to Open Unity bank Domiciliary Account

Any individual or business can open unity bank domiciliary account as long as they have the requirements listed below;

1, A completed account opening form given by the bank
2. Recent passport photographs
3. Proof of address such as a utility bill
4. Referee letters
5. A minimum opening balance (varies from bank to bank)
6. A government-issued ID

How to transfer money from Unity bank Domiciliary account

You can easily transferring foreign currencies from your Unity domiciliary accounts to the beneficiary abroad all you need is to follow the steps below:

1. Customers must written request for Domiciliary transfer stating details of beneficiary
2. Account must be adequately funded to accommodate both the principal and charges

How to receive money on your Unity bank Domiciliary account

Your account number in Unity Bank Plc must be quoted alongside the details to enable the bank apply funds.

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: IRVTUS3N

FOR POUNDS STERLING(GBP) ONLY

BANK NAME: ODDO BANK BHF