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How To Open UBA Domiciliary Account & Requirements

How To Open UBA Domiciliary Account – The UBA Domiciliary account is another of the best domiciliary account you can operate in Nigeria. So, either as a business man or an even, or a corporate organisation, the UBA domiciliary is structured to meet your needs. Domiciliary accounts are meant to operate in foreign currencies. We will show you how you can open this account without any issue.

Also, we will show you all the requirements you will have when you begin to operate the UBA domiciliary accounts. There are different accounts and there are also different requirements for each and every one of them.

How To Open UBA Domiciliary Account & Requirements

To open a UBA Domiciliary account,

  1. You will need to visit any branch of the UBA nearest to you.
  2. Inquire of the UBA domiciliary account form.
  3. Fill the form along with the requirements and submit.
  4. Then follow every other guide you will be given by the bank.

Also See: How To Open Access Bank Domiciliary Account

Types Of UBA Domiciliary Account & UBA Domiciliary Account Requirements

There are different types of UBA domiciliary account. So, the requirements will be determined by the type of account you want to operate. See them below.

1. U-Care Plus Domiciliary Account

The U-Care Plus Domiciliary Account is a variant of U-care plus savings account, it is an FCY account denominated in USD, GBP, & EURO meant for parents who want to save for children’s secondary/tertiary education abroad. It is also available for students who desire to pursue their tertiary education abroad.

Requirements

  1. Valid Identification of Parent/Guardian:
    1. International Passport
    2. Driver’s License
    3. National ID card
    4. Voters ID card
  2. Two Passport photographs of Child and Parent
  3. Child’s birth certificate
  4. Address verification of the parent/guardian
  5. Two references from current account holders (if cheques & dividend warrant would be paid into the account).

Also See: How To Open First Bank Domiciliary Account With Requirements

2. Dom Advantage Account

Dom Advantage is a current or savings domiciliary account denominated in foreign currency – US Dollar, Pound Sterling, EURO etc, but operated by in Nigeria as Domiciliary Account. It is a necessary account for business, when travelling or sending money to relatives abroad and also enables customer to be paid in any foreign currency.

Requirements

  1. Valid Identification (International Passport, Driver’s License, National ID card, Voter’s card)
  2. Two Passport photographs
  3. Any Utility bill within the last three consecutive months
  4. Two satisfactory references from current account holders for Current Dom Advantage Acct.
  5. Other KYC documentation required for each target market.

3. Dom Advantage Plus Account

Dom Advantage Plus Account is a foreign currency (USD, GBP, and EURO) denominated account variant that is operated in Nigeria as a domiciliary account targeted at individual and organisations who desire Zero withdrawal and transfer charges while earning higher interest rates.

Requirements For Individuals

Documentation requirements

  1. Duly completed account opening form
  2. Valid Identification Document
    1. International Passport
    2. Drivers’ license
    3. National ID
    4. Voters card
  3. Two Current Account references
  4. Utility bill within the last 3 months

Also See: Requirements For Opening Domiciliary Accounts In Nigeria

Requirements For organizations

  1. Duly completed account opening form
  2. Valid Identification Document of each signatory to the account
    1. International Passport
    2. Drivers’ license
    3. National ID
    4. Voters card
  3. Two Current Account references on organization
  4. Utility bill on address of business, company or organization within the last 3months
  5. Other relevant KYC documentation require for each class of customer.

4. Freedom Dom Account

Freedom Domiciliary Account is a USD foreign currency account with lower operating limits, for those who want to start saving in dollars.

Requirements

  1. Completed account opening form
  2. 2 passport photographs
  3. International passport or Drivers License or National ID card or Voters Card, or Student ID card or Association ID card or Town Union ID card or Residential Estate ID card or Resident Permit (for immigrants)
  4. Address verification e.g. Utility bill, recent bank statement or local authority tax bill etc.

If you have any issue or comment on the How To Open UBA Domiciliary Account, use the comment box below and we shall get to you.

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