Zenith Bank Domiciliary Account (Requirements, How To Open)

Opening a Domiciliary account nowadays has been made very easy by different commercial banking including Zenith Bank. Unlike before opening a domiciliary account with zenith was quite a rigorous process.

Zenith Bank is a large financial institution licensed by the Central Bank of Nigeria to provide financial services to individuals, small businesses, and large corporations in Nigeria, UAE, the UK, and other West Africa. The bank is known as the largest bank by market capitalization in Nigeria.

Zenith Bank’s domiciliary account is designed to allow customers to perform international or local transactions, such as sending, saving, or receiving funds in foreign currency from the comfort of their homes. There are three major currencies (USD, EURO, POUND) that one can use in the Domiciliary account.

Do you want to know how to open a Domiciliary Account with Zenith Bank and its requirement, then you are in the right post. Let’s dive in…

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The Requirement to Open A Zenith Bank Domiciliary Account

Below are the requirements that one has to meet to be eligible to open a Dom account with Zenith Bank.

• A duly filled Account Opening Form
• One recent Passport photograph
• Proof of Utility Receipt dated within the last three months such as BEDC bill, Water rate bill, and Rent receipt.
• One signatory
• A valid means of identification such as an International Passport, NIN, Voter’s card, and Driver’s license.
• BVN
• Visitation Report

How To Open A Domiciliary Account with Zenith Bank

First and foremost, Zenith Bank offers its customers two types of Domiciliary account namely Ordinary Domiciliary and Cash Domiciliary account.

Ordinary Domiciliary Account

Zenith Bank Ordinary Domiciliary account allows you to conveniently carry out foreign transactions wherever you may be. With Zenith’s debit card and Internet banking, you can carry out transactions from the comfort of your home.

Features of Ordinary Domiciliary Account

• Available Zenith Internet Banking
• Zenith Bank ATM nationwide free cash withdrawal
• Customers can use the debit card at participating merchant stores for the payment of goods and services in Nigeria and anywhere in the world.

Steps on how to open Zenith Bank Ordinary Domiciliary Account

• Visit any Zenith Bank branch
• Request and fill out the Ordinary Dom opening account form
• Submit the properly filled out form and other required documents to the bank agent.
• When your details are verified, your account details would be sent to your phone number.

Cash Domiciliary Account

Zenith Bank’s domiciliary account is designed to allow you to conveniently carry out foreign transactions wherever you may be. With Zenith’s debit card and Internet banking, you can carry out transactions from the comfort of your home.

Features of Cash Domiciliary Account

• No transfer allowed (cash in and cash out)
• Zenith Bank ATM nationwide free cash withdrawal
• Customers can use the debit card at participating merchant stores for the payment of goods and services in Nigeria and anywhere in the world.

Steps on How to Open Zenith Bank Cash Domiciliary Account

• Visit any Zenith Bank branch
• Request and fill out the Ordinary Dom opening account form
• Submit the properly filled out form and other required documents to the bank agent.
• When your details are verified, your account details would be sent to your phone number.

FAQs

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What are the requirements to open a domiciliary account?

The requirement to open a domiciliary account

• Completed account opening form
• Two recent passport photographs
• Proof of Utility Receipt dated within the last three months such as BEDC bill, Water rate bill, and Rent receipt.
• One signatory
• A valid means of identification such as an International Passport, NIN, Voter’s card, and Driver’s license.

What is the minimum opening balance for a domiciliary account in Nigeria? 

The minimum opening balance for a domiciliary account differs for each bank.

Can I withdraw naira from my domiciliary account?

First, withdraw your dollar from your Dom account in the bank and visit Bureau De Change to exchange the dollar for naira.

Conclusion: Zenith Bank Domiciliary Account (Requirements, How To Open)

It is essential for individuals and businesses to carry out transactions in foreign currencies to have a Domiciliary account. With a Dom account, you can send, receive and save in foreign currency.

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