It is easy to fund your domiciliary account if you reside in Nigeria or anywhere in the world. In this post, you will be learning how to send/receive money to a domiciliary account in Nigeria.
A domiciliary account let you operate a bank account in any foreign currency of your choice and help you ease the process of sending money home or abroad from wherever you stay.
Quick Overview of Domiciliary Accounts
There are a lot of ways to receive money in Nigeria. Some of the popular ways are Payoneer, PayPal and Skrill.
The most common difficulty encountered by those who use either of the method highlighted above is normally currency exchange issues. Money is converted to a naira equivalent when sent to your local account. Besides, PayPal yet only allows Nigerians to send money and not receive it.
Unlike those methods, a domiciliary account will let you receive your money in the original currency. Also, you can get a card for the account to enable you to make online transactions, send money or withdraw cash (in the original currency form) from the account.
A domiciliary account can be used by anyone to collect payment from anywhere in the world. Lots of people who have relatives online, freelancers, bloggers receive their dollars monthly using the account.
Other similar methods are the Western Union and MoneyGram. But, the recent Google AdSense announcement about dropping the Western Union payment method is good enough a reason to go domiciliary. Here is an interesting resource to tell you more and help you open an account.
If you have already opened an account but would like to learn how to fund the account, kindly proceed with the guidelines below.
How to Send/Receive Money to A Domiciliary Account in Nigeria
How to Fund A Domiciliary Account
If you live in Nigeria, you can fund a domiciliary account by making a cash deposit in the currency or making transfers. People outside the country can send money to the account through Western Union and MoneyGram.
How to Receive Money to A Domiciliary Account
Money can be sent through Western Union, MoneyGram, direct deposit or via transfers. However, before you can receive cash to a domiciliary account, there are some account details you must send across to the money sender.
These include the account number and name (as it appears on the account), bank name, branch address, routing number and swift code. You may consult your bank for the correct routing number and swift code.
The details above will be used to initiate the payment process and you will receive the money to your account once confirmed by your bank. However, you can ask for a transaction receipt or its equivalence from the sender to ascertain the money was sent in case of any delay on the part of your bank.
Also, See:
Here is the end of the post on how to send/receive money to a domiciliary account in Nigeria. If you have found this post helpful, kindly leave your comment below. Lastly, remember to share this post with friends.
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Please how much do you think the Bureau DC will sell their dollar??? I hope their rate will not be as bad as that of Back market.. I hate black market people.
Hi Franklin,
You will need to find out yourself, I’m sorry.
Please can I buy dollar from firstbank or access bank and deposit into my Dom account
Banks may choose not to sell dollar to you, but you can always get it from BDC operators and deposit in your domiciliary account.
Glad I came across this.
How do I transfer from one Dom account to another without going to the bank. I have a zenith Bank Dom account.
Kindly go to your bank and request for a hardware token device to help you complete transfers to Dom accounts. Or, you simply ask from your bank, the procedure involved.
I use GTBANK Dom account and that first method works fine.
Please sir, can money be send to my Dom account through mobile transfer in the US?
Yes, it can.
Thank you so much.
Hello mate or i can send money from my dom account to uk?
Maybe, but with help from your bank.
This one seems easy to use compared to many others I have come across on the web.
Can I credit my dollar account using world remit?
Yes, you should be able to do that.
Can I send money from my Nigerian domicilary account to and account in England
Hi Damola,
You might need to confirm with your bank.
Hello, money was transferred to my dom account for the first time but I’m yet to receive it and he’s been debited. What could be the reason please
You have to wait for at least 48 hours to be credited.
Please, how can I deposit naira into my domiciliary account, or processing to deposit
You cannot deposit Naira into a domiciliary account. But you can buy a foreign currency from your bank if they sell or from any Bureau Dé Change around you, then proceed to the bank to make a deposit.
Please! Can I use my dom account to transfer money to suppliers using dollar account in Vietnam!
Hi Jane, you may need to confirm that with your bank.
Hi
Although transfers through TransferWise to NGN accounts has been banned, is it possible for me to receive payments through TransferWise to my Nigerian USD domiciliary account?
I don’t know how TransferWise works but if it is similar to PayPal, then you can bypass the restriction using this approach.
Good morning sir, please can I buy dollar from UBA or GTbank and pay into my domiciliary dollar account?
Hi Eric,
You might need to confirm in person or buy directly from a black market around.
How long does it takes to receive dollars into my Dom account from the United States??
48 hours at least.
Can i give naira in bank to deposit doller into my domicillary account? meaning to exchange nde fund my dom acc
No, you can only buy dollars outside the bank and deposit in your domiciliary account.
Can I go to GTB to buy dollar with naira to deposit in my Dom account
Yes, I do that too.
Please I just open an euro Dom account with Wema bank but don’t know my routine number
May I know the branch where you have your account?
How can I transfer money from Australia to a domiciliary account in Nigeria?
Hi Sammy, you can transfer money from anywhere to a domiciliary account in Nigeria.
Hi Goodness,
Please any ideas on the standard rate / fees for international transfers from banks abroad directly to Euro Dom accounts (GTBank)
I noticed that credit alert from the GTbank abroad was short by 51.50 euros they claimed it was from the bank aboard.
Later it was 31.50 euros the next credit alert.
Implying that it’s not fixed. I got confused
It the transfer fee fixed or by percentage ?
Thanks
I hope that you are not been debited for a dollar card if you have one. Since I have been using my domiciliary account, I have never been charged for the transfer fee. Or you might need to check with the bank to know what exactly you are been charged for.
Hi, can I move funds from my GTB Mastercard back to my GT dom account?
I haven’t tried that before. But I have tried moving funds from the domiciliary account to my regular account upon writing my account manager to allow such.
Hi there, thanks for your enlightenment , appreciate it, I’m looking for a hassle free means to fund my Dom account, i can i fund it via western union or money gram or even paypal, directly into my dorm account
You can’t fund a domiciliary account by any of the means you have mentioned.
Please if I want to collect ATM card of domiciliary account,how much will UBA collect for the CARD fee?
You can do well to visit a UBA branch yourself. Also, ensure you ask about the monthly maintenance fee. It’s usually very costly.
Can I transfer Euro with my dorm account
Yes, but to another Euro domiciliary account (usually within the same bank).
Pls what is the charges paid of the person that sending money from abroad to Nigeria domiciliary account
It depends on the platform you are using to send money to Nigeria. Most banks don’t take extra charges.
Please can someone use wetransfer to send me dollars from abroad.
I haven’t used that channel before. Perhaps you might want to try and tell us if it works.
QUESTION – Please is it possible to fund my account by depositing in naira?
… please i want to know
No, it’s not. You can only deposit dollar into a USD domiciliary account.
Let me use my own as an example when I wanted to deposited naira into my dom account ,I went to my bank, and they opened Cash account for me on dom account. Sterling bank to precise.
What full details should I give someone in the USA to send money to my gtbank domiciliary account?
It is usually your account name, number, bank name and bank SWIFT/BIC Code.
It depends on the means the person wants to use. Because of the new directive by the Cbn on foreign remittances, there many transfer agencies you can use and recieve your money by providing just your dom account number such as worldremit
Can I transfer “electronically” from my local bank account in Nigeria to my Domiciliary account?
You can’t. Your can only transfer from one dollar account to another dollar account, or euro to euro or pound to pound.
Can I make transfer from my bank’s domiciliary account to another bank”s domiciliary account within Nigeria?
I have tried it with GTBANK, I can say it doesn’t work.
Is there any extra charges if I want to send money into domiciliary account?
Not at all. I have deposited into a domiciliary account in the past. No charges was paid.
Someone transferred money to my domiciliary account on the 25th of this month from abroad and said according to the transfer they made that I’m going to receive the cash on the 2nd of June.
Question 2: what’s the transfer limit to transfer money to my domiciliary account from abroad
Transfers from abroad usually are received not earlier than 48 hours they are sent to a domiciliary account. However, at the moment, there is no transfer limit applicable to domiciliary accounts.
Please, if I want to fund my domiciliary account here in Nigeria (aside online transfers) where can I get the dollars to deposit with at the bank? Thanks.
Hi Yomi
You can buy your dollars from Bureau de Change around you.
Hello, please can I transfer fund from my dollar prepaid card to my dorm account?
What type of card do you have? Usually, you can request a dollar card when you open a domiciliary account. However, the maintenance cost is extremely high for someone receiving few hundreds of the dollar.
Can I transfer from my Dom acct to into my naira account in the bank?
You cannot.
But you can write your account manager to convert your account balance to an equivalence in Naira.
Can one fund his/her domiciliary current account with Skrill
I haven’t tried that before. Please find out and let us know.
I have not tried that before. Please find out and let us know.
Please how can I withdraw from uba dollar africard?
If it’s ATM…. Where can I Find one in Nigeria?
You can withdraw from any ATM machine around you.
Can I fund my sibling dom act in Nigeria with my debit card from USA through western union?
Hi Ishola,
I haven’t tried that before. You might want to try it out and tell us how it goes.
Can I transfer money from Nigeria Domiciliary Account, to Philippines Business Account?
Hi. Please what’s the easiest way to send money to the US without much restrictions in terms of limits, multiple times a month?
You can use a domiciliary account or via PayPal.
What details account details should i give to send the money. Account Numbers only or something else??
The account number, account name and bank name.
Is it only my account name and number that is need by foreign bank to transfer to my dom account
Hi Bright,
Yes, it is. But you will also need your Bank name and routing number (in some occasions).
What is the best and cheapest way of get USD transfer staright to a dorm account in nigeria from US or UK?
Hi Rilwan,
Simply make deposit or transfer from any bank abroad in USD to your Nigeria domiciliary account.
Can someone in ghana send money to me throught my domiciliary account in nigeria
Yes, in dollar, pounds or euro.
Someone in USA transferred money into my domicillary account on the 7th of this month and up till now have not received it or seen it…what could b d reason for d delay?
Transfers or deposits to a domiciliary account only take 48 hours. I think you should go to your bank and find out what really happened.
Hi, please enlighten me.
Can I transfer from my Naira savings account to my Domiciliary account, and can also transfer from my Domiciliary account to my savings account?
Thanks
You cannot. But your bank can help you do that. You will need to address your account manager to that effect.
Thanks for the answer.
So you mean the bank can assist me in transferring funds from my GTbank naira account to its dollar equivalent in my GT domiciliary account?
No, the other way round.
How can someone from the diaspora send money to my domiciliary account?
You can send your domiciliary account details to someone overseas for funds.
Can I fund my Nigeria domiciliary account with my Ghana bank account
Through wire transfer or mobile application…. And question 1)
Question 2:please someone what to send me money from Ghana, can these person go to the bank in cedi (ghana) currency and send money to my domiciliary account here in Nigeria and still maintain the same dollar rate of the ghana bank?
I really need answers thank you
You can only fund and withdraw from your domiciliary account by direct deposit to the account or by cash transfer to an equivalent account. However, you might be required to get a token to make transfers to/from your account.
Can I fund my dollar account with naira here in nigeria with transfer from a naira account to a dollar account
No you can’t. You can only deposit and withdraw in dollars from your dollar account.
Can I fund my Domiciliary account using PayPal
No, but you can fund your UBA AfriCard with PayPal.
Please how do I obtain the uba africard and what are the charges for using it?
You only pay #1,200 for the card, and you can deposit some amount on the card for PayPal verification. When going, please go with your BVN number and NEPA bill of your house.