HomeBanking & FinanceHow To Open A Dollar Account Online in Nigeria (2022)

How To Open A Dollar Account Online in Nigeria (2022)

Are you looking for a way to open a dollar account online in Nigeria? Here's an article with a detailed guide on how to open a dollar account in Nigeria.

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Are you into online business such as blogging, or freelancing or you’re just a regular citizen who gets paid by business associates in the US, or perhaps you’re looking for a reliable way to get paid in dollars while you’re here in Nigeria? Having a bank account that can receive payments in dollars without excessive documentation is mandatory. If that’s the case, then you will need to carefully follow our guide on how to open a dollar account to receive USD funds in Nigeria? We have taken our time to break down some of the best Nigerian banks that allow you to easily create a USD account online.

A dollar account which is also known as a domiciliary account makes it easier for anyone to receive money in USD and having a dollar account will allow you to buy something online without having to depend on using Virtual Cards to make payments on foreign sites like online shopping stores and so on.

Opening a dollar account in Nigeria is very easy these days and it’s unlike the old and traditional way which requires you to visit a bank before you can have your dollar account, you can do that online easily and without leaving your comfort zone. With this article on NaijaKnowHow, you’ll learn how to open a dollar (USD) account online in Nigeria.

Opening A USD Account Online

dollar business

Thanks to the internet, these days you can do a whole lot of commercial activities without leaving your home and an example is opening bank accounts online without entering a banking hall.

Although some banks won’t allow you to open an account like a Dollar account online unless you visit their branch, I’ll list a couple of banks that’ll let you open a dollar account online in Nigeria.

List of Banks That Allows Opening a Dollar DOM Account Online

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Below are some of the banks you can open a dollar account with and you won’t need to visit their branch unless you want to fund your domiciliary account. And before you can open an account that’ll receive dollars in Nigeria, there are some certain documents that you’ll need to provide, you can see the documents needed below.

Documents Needed To Open a Dollar Account in Nigeria

Before you can open a domiciliary (dollar) account in Nigeria, you must possess certain documents that will clear you to be fit and capable of becoming a dollar account holder in Nigeria. These documents are details you’re familiar with, so it shouldn’t be much of a problem for you.

Also Read:  5 Best Apps To Buy US Stocks in Nigeria (2022)

But you need to know that all banks in Nigeria need different but slightly the same documents before you can open a dollar account online with them. But the requirements I’ve written below should be noted because they’re common in most banks in Nigeria.

  • Bank Identification Number (BVN).
  • A utility bill within the last 3 to 1 month.
  • 1 or 2 passport photographs.
  • Valid means of identification (either your international passport, permanent voters’ card, National ID card or NIN Slip or a driver’s license.
  • Reference: Someone with a current account (with or without the same bank). Note: In some banks like the United Bank of Africa (UBA), referees aren’t really that mandatory if the domiciliary account you want to open isn’t expected to receive funds under $6,000. But if you’re expected to receive more than that, then a referee is needed.

Methods To Open a Dollar Domiciliary (USD) Account Online in Nigeria

To open a dollar account online with any of the listed banks, you’ll need to follow the steps given below, I’ve made sure to make all of the listed banks have their own separate steps.

How To Open A Dollar Account With UBA

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Open A Dollar Account Online

Follow the steps below if you want to know how to open a dollar account that can receive dollars into your UBA domiciliary account here in Nigeria.

  • Visit the UBA Instant Account Opening Page you can do that via this UBA Instant Account Opening Link.
  • A new page will open once you click on the link, once the page has opened, click on ‘Select Country’ and choose Nigeria, then click on Submit.
  • Once submitted, on the new page, under Account Type, click on Open With BVN and wait for a new page to be loaded once you’ve chosen to open an account with your BVN.
  • You’ll need to enter your BVN, Phone Number, Email Address, and Date of Birth (Make Sure Your Date of Birth Matches the one on your BVN). Then under Account Type, select Freedom Savings Domiciliary, and agree to terms by ticking the I agree with the terms and conditions then click on Next.
  • Wait for an OTP code that’ll be sent to your BVN registered phone number, once you’ve entered the OTP, you’ll be taken to another page.
  • On the new page, fill in the required details and click on Submit, if all details pass validation and confirmation, you’ll receive an SMS of your dollar account being created successfully after 24 hours.

How To Open A Dollar Account With Zenith Bank PLC

Open A Dollar Account Online

Opening a dollar account online with Zenith bank is very easy, you don’t really have to go through much work, everything will be done in PDF form and make sure you have a good PDF Reader on your phone or PC.

  • The first thing you need to do is download the Zenith Bank Account Form, you can do that by clicking on this link to download the form.
  • Open a PDF reader or a PDF editor on your device, make sure you fill in all the required details, and under Category of Account, tick Domiciliary and also tick on $. Upload the passport image to the PDF file and save it.
  • Once you have filled the form, email the form to: [email protected] and wait for a few days for your dollar account to be opened.
Also Read:  Best Domiciliary Account in Nigeria (Top 5 Banks in 2022)

How To Open A Dollar Account With Union Bank

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Union Bank

Creating an account with Union Bank is very easy as well, and it doesn’t matter what type of account you want to open with them, you can use a single form to decide the type of account you want to open.

  • You need to download the Account Opening Form from Union Bank’s website, you can do that by using this link to download the form.
  • Open a PDF reader or a PDF editor on your device, make sure you fill in all the required details, and under Category of Account, tick Domiciliary and also tick on $. Upload the passport image to the PDF file and save it.
  • Once you have filled the form, email the form to: [email protected] and wait for a few days for your dollar account to be opened.

How To Open A Dollar Account With ALAT by Wema

Alat by Wema

ALAT by Wema is a digital banking app from Wema Bank and with this app, you can have a dollar account easily when you register on the ALAT app, follow the steps below to know how you can create a dollar account with the Wema Alat app.

  • You need to download the ALAT app on your Android or iOS device, you can download it directly by using this link for Android and also for iOS.
  • Create your account and verify your details with your BVN and your NIN.
  • Once your Wema account is ready, click on My Account and create a dom account, select USD as your preferred domiciliary account type.
  • Once you’ve entered the required information, your dollar account will be opened within minutes and you can start receiving money with it.

Conclusion:

That’s how you can open a dollar account online in Nigeria. Some banks aren’t listed but if you can get their account opening form online, you can follow the above methods and you’ll still get your account opened. Don’t forget to leave a comment below.

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Oladimeji Shadrach
Oladimeji Shadrachhttps://mytechng.com
A Computer Software & Hardware Engineer | Content Writer | Blogger | Web Designer | Web Developer | A Liverpool FC Fan. I'm always in for business and you can reach me via my social media links.

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