Domiciliary accounts are accounts maintained in currencies other than the Nigerian Naira and operated only in the Foreign currency as either Export Proceed or Ordinary Domiciliary accounts.

Features

• Minimum opening & operating balance of $100, £100 or €100.
• Account is operated only in foreign currency i.e. Dollar, Pound sterling or Euro
• Account operated as Export Proceed Dom account or Ordinary Dom Account.
• Cheque and cash withdrawals subject to 0.5% charge  

Benefits

• Check book issued for the account
• Interest payable on FCDA account credit balance subject account balance of $1,000 or its equivalent.
• Access to UBA Master card or Visa Card.
• Access to U - Direct to view credit balance

Target Audience

• Nigerian citizens
• Companies registered in Nigeria
• Foreign nationals
• Foreign companies
• Embassies
• High commissions and diplomatic missions operating in Nigeria.

Application Requirements

• Completed account opening package.
• 2 passport photographs
• Valid means of identification e.g. International Passport, Driver’s Licence, National identity card with another card that capture signature.
• Residence permit (for foreign nationals)
• Presentation of Nigeria Export Promotion Council (NEPC) certificate for customers opening Export Proceed Domiciliary accounts only.
• Copy of Utility bill not exceeding 3 months old.

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