How to withdraw from a Domiciliary account in Nigeria

Nabanker


Home | Accounts | ( 1 ) | Subscribe

Posted by on Tuesday November 6, 2012 at 9:11:38:

Having a domiciliary account is a good thing as it allows you to save foreign currencies in your account and use them when you want.

If you've been saving or transferring funds into a domiciliary account in Nigeria, you may at one time need to make a withdrawal. How do you make that withdrawal?

There are many ways one can make a withdrawal from a domiciliary account and this depends on the type of domiciliary account: Savings or current


How to withdraw
1. Submitting a written application for withdrawal:
- You can just write an application for a withdrawal addresses to your bank branch's manager and you'd be able to get the money, same day

2. Making use of a withdrawal slip:
This works for banks as a normal withdrawal slip. You can get one across the counter, fill and wait to be paid from the foreign currency teller.

3. Using a cheque (For currency domiciliary accounts):
Writing a cheque to withdraw from your account is quite easy. Just indicate the amount the you want and your usual signature. You can cash the cheque over the counter or pay into another domiciliary account and you will be paid in the foreign currency.

4. Wire transfer:
You can simply do a wire transfer from bank to bank either for local or international and the funds would be transferred within a week.

5. Using an ATM card:
If your domiciliary account is tied to an ATM card like Visa or Mastercard, you can easily withdraw from any globally connected ATM in Nigeria in the local currency or abroad in the country's currency. It normally comes with some charges





Comments:
    Re: How to withdraw from a Domiciliary account in Nigeria Reply by tochi on Wednesday July 3, 2013 at 9:30:13:

    is there any difference between nigeria domiciliary acct and USA domiciliary acct



    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Wednesday July 3, 2013 at 9:30:13:

    I'm not sure about your question but I know of these types of domiciliary accounts:

    - Savings domiciliary account
    - Current domiciliary account
    - USD domiciliary account
    - GBP domiciliary account
    - Euro domiciliary account.

    A domiciliary account is simply a bank account held in a foreign currency and not in Naira.


    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Ubong Bassey on Thursday July 25, 2013 at 23:26:17:

    I have $300 in my ACCESS bank account, and I withdraw $50 ... Why my balance is below $238?


    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Thursday July 25, 2013 at 23:26:17:

    I think there is normally a withdrawal charge for domiciliary accounts in Access bank. Last time I checked, they charged me $20 per withdrawal. However you should know that it is not all banks that charge you for withdrawals.


    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Bode on Wednesday August 21, 2013 at 7:36:24:

    How do I pay for a product from US using my domiciliary account?
    What are the differences between the types of domiciliary account mentioned above?



    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Wednesday August 21, 2013 at 7:36:24:

    You can make payments by doing a bank to bank transfer to the seller's bank. You just need to know the beneficiary's bank details


    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Gabriel Odey on Friday August 30, 2013 at 16:6:15:

    i operate a savings account with both first bank and Gtbank, pls, can i open a domicilliary account with GTbank without opening a current account?



    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Friday August 30, 2013 at 16:6:15:

    You don't need a current account to open a domiciliary account. A savings account will do


    Re: How to withdraw from a Domiciliary account in Nigeria Reply by America on Tuesday October 1, 2013 at 21:22:0:

    Can i make a transfer from my domiciliary account to my local account?



    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Tuesday October 1, 2013 at 21:22:0:

    I think it is possible but the issue is whether your bank would use a good rate.


    Re: How to withdraw from a Domiciliary account in Nigeria Reply by ay on Tuesday November 19, 2013 at 14:39:52:

    Hi felix,I just opened a dom cct with gtbank jst a week ago with no amount but jst yesterday I sent someone to make a deposite of 100dols for me.i didnt receive any alert but checked my balon online and saw dat av bin credited.was actually wondering while I got no alert cos I filled to be alerted in d form,secondly when I checked my bal I saw dat it was written dat my dom is a current acct.so I jst want to confirm if all doms are written as currentacct cosi filled savings in d form.tnks await ur reply



    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Tuesday November 19, 2013 at 14:39:52:

    There are 2 types of dom account - a savings and a current account. You would get to decide which type of account you wanted to open. If you already had an existing current account with the bank and request for a domiciliary account, they would automatically open a current dom account for you. As for not getting the alert, you may need to subscribe again specifically for the alert. It seems they've not set it up yet. Alternatively, you can also have them send you an email alert if you have an email.


    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Cecilia on Thursday November 21, 2013 at 22:34:44:

    i open a dom acct in GT Bank on tuesday, my brother then sent me somedollas, when i went there to collect the money i was told that one of the refrence form i sumitted is outstanding n they didn't give me the money.



    Re: How to withdraw from a Domiciliary account in Nigeria Reply by ayomide on Tuesday December 10, 2013 at 11:52:4:

    Tnks felis for d info.pls wanna ask if u av idea of d ammount charge forwithdrawal in a dom current acct in gtbank.and can I do online banking with my dom acct frm d token giving to me on my naira acct.pls will appreciate ur response.



    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Tuesday December 10, 2013 at 11:52:4:

    I don't know the exact rates but you will be charged a COT based on your withdrawal.

    You can do online banking with your dom account.


    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Stephen on Tuesday January 7, 2014 at 8:25:49:

    how long does it take for bank wire transfer internationally to reflect in my FCMB dom acct and wat is the charge



    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Tuesday January 7, 2014 at 8:25:49:

    I think it takes about 3 to 7 days and there are some small charges.


    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Ayodeji on Monday January 13, 2014 at 9:17:52:

    Good one Felix!!! Pls I need to know if it's possible to pay Naira in one's local savings acct(Zenith Bank) and withdraw or transfer dollars in the dorm acct and if that's possible what are the charges like? Thanks man




    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Monday January 13, 2014 at 9:17:52:

    I don't think banks offer that service right now. Not possible yet


    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Solomon James on Thursday January 23, 2014 at 2:20:28:

    Please, can I make deposit to my Nigeria domicilary Account when I'm in abroad? Solomonj24d@gmail.com



    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Thursday January 23, 2014 at 2:20:28:

    Yes you can. Just ask your bank for the exact trasnfer details for your bank account before travelling or you can send them an email. You can transfer from other countries to Nigeria using what we call a Wire transfer but the currency has to be in the same currency as your domiciliary account e.g. USD, Euro or GBP.


    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Adelowo on Thursday January 23, 2014 at 12:15:26:

    If I Open An Account In Nigeria Here, Can A Friend In Uk, Give Me Money Through That Acct?



    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Adelowo on Thursday January 23, 2014 at 12:29:35:

    What I Mean Is Dat, If I Send My Acct No To My Friend In Uk, Is It Possible For Him To Deposit Money For Me There And I Take The Money Here Through The Same Acct Easily?



    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Thursday January 23, 2014 at 12:29:35:

    Yes he can send money to you from the UK. Just open a domiciliary bank account in GBP currency


    Re: How to withdraw from a Domiciliary account in Nigeria Reply by remi on Tuesday January 28, 2014 at 3:12:18:

    hi felix, how can i used my check sent to me via my online biz, for it to be deposited into my dom acct?. Is it possible,.



    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Tuesday January 28, 2014 at 3:12:18:

    Foreign cheques can be sent using postal system or courier service. I think courier service is better since it is faster and safer. An international bank transfer would even be better since the money would go straight to your dom account.


    Re: How to withdraw from a Domiciliary account in Nigeria Reply by SOLOMON OLATUNDE on Tuesday February 4, 2014 at 17:22:7:

    Pls, which bank charge lowest or doesn't charge atall when withdrawing from a dom account?



    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Tuesday February 4, 2014 at 17:22:7:

    I am not sure which of them has the lowest fee but I'd recommend going to those banks that don't have too much customers


    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Ayo on Wednesday February 5, 2014 at 18:19:51:

    If I mail out let's say a check of $10,000 and include the name of the dom act holder in Nigeria. How much will be receiver get from the bank? Is their any charge for presenting that check in Nig.?



    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Wednesday February 5, 2014 at 18:19:51:

    They would be a charge on the cheque. Some banks charge courier fee and also some bank charges on foreign cheques. Instead of sending a cheque, why not send a bank wire straight to the person's dom account in Nigeria? That would save you time and you also get to know how much the bank would charge in advance. The receiver would not pay any other charges for bank wire.


    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Mike on Tuesday February 25, 2014 at 21:15:1:

    Pls, if I do bank wire how long does it take for the receiver to cash it? How long does a bank wire take before it gets to the destination and cashed? Thanks.



    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Tuesday February 25, 2014 at 21:15:1:

    I think it normally takes about 3 to 7 working days


    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Zeby on Sunday March 2, 2014 at 16:36:11:

    Hi Felix,
    I am thinking of sending money to family in Nigeria from US, through wire transfer. Except Acct number and Routing number, are there other things they may require. (Not Dom account). and does it take same 3-7 days? (UBA). Will the amount just reflect in the persons account in Nigeria or are there protocols/paper works again to do at their end or what?



    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Sunday March 2, 2014 at 16:36:11:

    I think those are the basic things you need. You'd also need to know the account number and sort code for the bank. The receiver doesn't need to do any other thing other than wait for the money to reflect in his account


    Re: How to withdraw from a Domiciliary account in Nigeria Reply by victor on Wednesday March 12, 2014 at 16:18:28:

    How long does it take to receive from uba domiciliary account into santander bank in uk.



    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Wednesday March 12, 2014 at 16:18:28:

    It shouldn't be more than a week


    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Adikwu peter. on Monday April 7, 2014 at 22:24:35:

    U hve saved me, thank's.



    Re: How to withdraw from a Domiciliary account in Nigeria Reply by charles on Friday April 25, 2014 at 5:1:56:

    I want to withdraw from bet365 and they are asking for the bank address,routing no,iban no,bank code,etc I opened a domicilliary account with GTB how do I go about it



    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Friday April 25, 2014 at 5:1:56:

    Here is what I got from GTBank's website at http://gtbank.com/personalbanking/services/e-banking-services/gtbank-international-money-transfer


    FOR TRANSFER OF USD ($) INTO DOMICILLIARY ACCOUNT THROUGH

    CITIBANK NEWYORK:

    SWIFT CODE: CITIUS33
    ABA NUMBER: 021000089
    FOR CREDIT OF: GUARANTY TRUST BANK PLC, LAGOS NIGERIA
    SWIFT CODE: GTBINGLA
    ACCOUNT NUMBER: 36129295
    FOR FINAL CREDIT OF: ................................ (Beneficiary’s Name)
    BENEFICIARY’S A/C NO: ................................ (With GTBank)
    ANY OTHER DETAIL: ..........................................................
    (E.g. Sender’s Name, Reference e.t.c)
    FOR TRANSFER OF GBP (Ł) INTO DOMICILLIARY ACCOUNT THROUGH

    GTBANK UK:

    INTERMIDIARY BANK: HSBC PLC
    SWIFT CODE: MIDLGB22
    CORRESPONDENT BANK: GTBANK UK
    SWIFT CODE: GTBIGB2L
    IBAN NUMBER: GB47MIDL40051568446992
    FOR CREDIT OF: GUARANTY TRUST BANK PLC, LAGOS NIGERIA
    SWIFT CODE: GTBINGLA
    GTB’S ACCT NUMBER: 90110014350330 (With GTBANK London)
    FOR FINAL CREDIT OF: ................................ (Beneficiary’s Name)
    BENEFICIARY’S A/C NO: ................................ (With GTBank)
    ANY OTHER DETAIL: ..........................................................
    (E.g. Sender’s Name, Reference e.t.c)
    FOR TRANSFER OF EUR (€) INTO DOMICILLIARY ACCOUNT THROUGH

    CITIBANK LONDON:

    CORRESPONDENT BANK: CITIBANK LONDON
    SWIFT CODE: CITIGB2L
    SORT CODE: 185008
    FOR CREDIT OF: GUARANTY TRUST BANK PLC, LAGOS NIGERIA
    SWIFT CODE: GTBINGLA
    ACCOUNT NUMBER: 10820571
    IBAN NUMBER: GB05 CITI 1850 0810 8205 71
    FOR FINAL CREDIT OF: ................................ (Beneficiary’s Name)
    BENEFICIARY’S A/C NO: .............................. (With GTBank)
    ANY OTHER DETAIL: ..........................................................
    (E.g. Sender’s Name, Reference e.t.c)

    You can try and use that.


    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Vincent on Wednesday April 16, 2014 at 11:30:54:

    Nice one Felix. you are patient and humble. Powers to your elbow



    Re: How to withdraw from a Domiciliary account in Nigeria Reply by KOLAWOLE KELLY on Monday April 21, 2014 at 14:51:49:

    HELLO FELIX... PLEASE CAN IT POSSIBLE TO OPEN A DOMICILIARY WITH SAVING ACCOUNT.??



    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Monday April 21, 2014 at 14:51:49:

    They are 2 different types of account. You can open them separately.


    Re: How to withdraw from a Domiciliary account in Nigeria Reply by charles on Friday April 25, 2014 at 5:1:56:

    I want to withdraw from bet365 and they are asking for the bank address,routing no,iban no,bank code,etc I opened a domicilliary account with GTB how do I go about it



    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Philip on Monday May 12, 2014 at 15:57:47:

    Is there any way a domiciliary account can be funded from savings or current account (naira account)?




    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Monday May 12, 2014 at 15:57:47:

    I don't think so except your bank allows it.


    Re: How to withdraw from a Domiciliary account in Nigeria Reply by olumide on Friday May 16, 2014 at 21:44:33:

    hi boss let say i open my domi account here with gtb and i travel over ther to the uk and i need to make a withdraw of some money from my domi account what step should i take please



    Re: How to withdraw from a Domiciliary account in Nigeria Reply by maduka vincent on Thursday May 22, 2014 at 17:20:28:

    I opened an a dom account with zenith bank,and one of my reffree has acct with zenith and the other don't have. How long will it take to be opened or to be confirmed thanks. Your reply



    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Thursday May 22, 2014 at 17:20:28:

    The time would vary depending on how long the other banks takes to confirm your referee


    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Hello Felix on Thursday May 29, 2014 at 18:6:51:

    Can you help answer a question? I need to transfer money from my bank in the United States to a domiciliary account at GTB bank. Will the recipent recieve the money in USD since I am transfering from my USD account? Just wanted to make sure. Also apart from the account number whatelse do I need? Swift code maybe? Thank you very much.



    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Thursday May 29, 2014 at 18:6:51:

    Yes, the person can receive the money in USD if the destination account is a USD account. Yes, you will also need the Swift code for the destination bank before making the transfer.


    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Tunde on Thursday June 5, 2014 at 16:11:57:

    Hello Bros,

    How can I transfer money to my brothers GTB's domicilary acct. Bcos in my net banking cross-border payment form is totally different from the information above. I only have spaces for Beneficiary information and Beneficiary bank's information. No space to put the destination acct and BENEFICIARY’S A/C NO.



    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Thursday June 5, 2014 at 16:11:57:

    Under the beneficiary's information, you should put the person's name and bank account number. Under the bank information, put in the bank name.


    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Nina on Friday June 6, 2014 at 8:8:57:

    Hello Felix, is it possible for me withdraw money in China with my Mastercard from a naira savings/current account?



    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Friday June 6, 2014 at 8:8:57:

    Yes. Nigerian Visa and Mastercard now work around the world. Some banks might however lock these cards and so I'd advise you tell your bank first to enable you to make withdrawals and payments abroad before travelling with your Visa or Mastercard.


    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Ray on Friday June 6, 2014 at 17:43:47:

    Hello felix
    There are two questions I pls need answers to: (1) can I receive money directly into my Nigerian saving account which is not a dom account? If yes, do you know if the sender will be charged more compared to using western union?
    (2) If I have a dom account and am to receive money from the US, will the sender be charged for sending money to my dom account? If yes, will the charges be as much as that if he was to use western union?
    My dad says western union is become to expensive for him to send money thru so I need a means cheap enough for him.
    Thanks for been here for us felix, u are the best.



    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Friday June 6, 2014 at 17:43:47:

    1. Yes and sender will be charged a small fee

    2. Yes, the sender will also be charged a fee.

    As for it being less costly than Western union, I think it depends. Sending money internationally through bank to bank is better than Western union if you were sending about $1000 based on what I know. Western union is only good for people who send small amounts of money, perhaps under $300. If you are sending large amounts of money say $500 to $5000, Bank wires are better and cheaper.


    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Ola on Saturday June 14, 2014 at 10:31:7:

    Dear Felix, i would like your help in answering two questions: i am expecting a wire transfer for payment from a client. 1, i don't know the routing no of my Dom account or it's iban no. Will the client still be able to make payment into my dom account



    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Saturday June 14, 2014 at 10:31:7:

    The sender will need to include the routing number and bank account details when sending the bank wire. You can ask your bank and they will give it to you. It is the sender that will provide the details to the bank when applying for an international transfer.


    Re: How to withdraw from a Domiciliary account in Nigeria Reply by AUSTIN KOMMBRA on Sunday June 29, 2014 at 24:57:2:

    I have a domiciliary account with gtb and i intend applying for the domi card. if i make online payment with my card can i also receive money to my card without doing a wire transfer?



    Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Sunday June 29, 2014 at 24:57:2:

    I don't think you can receive money directly to your card. You can receive money first to your bank account and then be able to use it on your card. So, the money has to go first to your bank account.




Comments:
Re: How to withdraw from a Domiciliary account in Nigeria Reply by David on Monday August 11, 2014 at 5:12:56:

Please Sir, In What Currency Would We Be Withdrawing From A Domiciliary Account, Is It Naira Or The Currency With Which It Was Transfered?



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Monday August 11, 2014 at 5:12:56:

You will be able to withdraw in the same currency as the account e.g. US dollars, British Pounds or Euro. For now, its a smart way of collecting hard currency from the bank after the CBN stopped banks from paying foreign currency through Western Union.


Re: How to withdraw from a Domiciliary account in Nigeria Reply by David on Monday August 11, 2014 at 5:12:56:

Please Sir, In What Currency Would We Be Withdrawing From A Domiciliary Account, Is It Naira Or The Currency With Which It Was Transfered?



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Monday August 11, 2014 at 5:12:56:

It will be in the same currency as the dom a/c. If the dom is USD, then you'll be able to withdraw USD.


Re: How to withdraw from a Domiciliary account in Nigeria Reply by chukwuma okoro on Wednesday August 20, 2014 at 15:40:7:

Felix,
Your answers to questions are very educative.I have a business name. Should i open a dom account with the business name or my own name for payments from outside the country?



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Wednesday August 20, 2014 at 15:40:7:

Well Chukwuma, you are allowed to use a personal or business name to open a domiciliary account. It depends on what you want to use it for. If the person who is sending money to you from abroad is a business contact, then it may be good to use a business name else you should just use a personal account.


Re: How to withdraw from a Domiciliary account in Nigeria Reply by dave mike on Wednesday August 20, 2014 at 7:59:21:

Hello Felix,some amount was sent to me through Domicilary account and I have not yet see it..it takes how many days before it will reflect on my GTB domicilary account



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Wednesday August 20, 2014 at 7:59:21:

Just give it like 3 or 4 working days before going to your bank.


Re: How to withdraw from a Domiciliary account in Nigeria Reply by lilian on Saturday August 30, 2014 at 21:18:15:

pls can i be sending money to my gtbank dom acct from canada when i leave nigeria?



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Saturday August 30, 2014 at 21:18:15:

Yes. You can. Just use a bank wire transfer straight to your bank account in Nigeria


Re: How to withdraw from a Domiciliary account in Nigeria Reply by King John on Tuesday September 30, 2014 at 16:45:17:

please can I deposit money in naira into a dorm account here in Nigeria and get the money in another country(in dollars or any other currency).
Again what's the least amount that should be left in a dorm account.



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Tuesday September 30, 2014 at 16:45:17:

You can deposit money in your account in Nigeria and then do a wire transfer to a bank account you have opened in another country. The least amount you can leave in your account is about $150.


Re: How to withdraw from a Domiciliary account in Nigeria Reply by pls my good friend felix, can I used my HSBC maste on Saturday October 18, 2014 at 13:53:26:

pls my good friend felix, can I used my HSBC master card I opened in philippine here in Nigeria atms, and what is the daily maximum limit of withdrawal with my debit master card, and is the charges very high thank you



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Saturday October 18, 2014 at 13:53:26:

I know that foreign mastercards work in Nigeria because I've used one before. You can try a Mastercard supported ATM like the ones at Zenith bank branches. Some of them support foreign issued cards.


Re: How to withdraw from a Domiciliary account in Nigeria Reply by mike on Wednesday November 26, 2014 at 11:12:5:

Please how long does it take for an international bank wire transfer to reflect in my GTB dorm account?
Thanks.



Re: How to withdraw from a Domiciliary account in Nigeria Reply by AUGUSTA O on Thursday December 4, 2014 at 21:30:7:

HI FELIX,PLS IF WIRE TRANSFER IS BEEN USED TO MAKE DEPOSIT IN MY GTBANK DORMICIALLY ACCOUNT,WILL I BE CHARGED IF I WANT TO MAKE A WITHDRAWER HERE IN NIGERIA,FROM MY DORMICIALLY ACCOUNT?



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Thursday December 4, 2014 at 21:30:7:

Well, some banks charge a fee when withdrawing from domiciliary account irrespective of where the funds are from.


Re: How to withdraw from a Domiciliary account in Nigeria Reply by Abimbola on Friday December 5, 2014 at 21:42:8:

How do i send money into my domiciliary account from the United State



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Friday December 5, 2014 at 21:42:8:

It is easy, you just need to know your account number, bank name, routing number and swift code to do that. You can get those banking codes using Google search. Once you know the swift code, you can then transfer money into your account number from the USA.


Re: How to withdraw from a Domiciliary account in Nigeria Reply by ade on Monday December 29, 2014 at 18:27:40:

i have a savings account i want to pay a client into his domiciliary account is that posible to transfer from my savings account using my naira mastercard and pay him the equivalent fee in dollar will be charge from my naira master card thanks the client is also in nigeria i really appreciate your quick response



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Monday December 29, 2014 at 18:27:40:

You can pay into domiciliary account from savings account as far as I know.


Re: How to withdraw from a Domiciliary account in Nigeria Reply by Helen on Tuesday January 13, 2015 at 10:10:46:

Hi, I would like to know how much I shall be cost in bank to open domiciliary account, I can't wait to hear for you sir...



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Tuesday January 13, 2015 at 10:10:46:

There is no cost other than the fact you have to go to the bank, bring some documents, initial deposit of about $150 and then apply for an account.


Re: How to withdraw from a Domiciliary account in Nigeria Reply by Tosin on Monday January 19, 2015 at 22:34:18:

Hello sir, pls can i use my atm for an ordinary acct (savings niara) outside the country and in which currency will i be paid?



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Monday January 19, 2015 at 22:34:18:

Yes you can use it as long as it' a Mastercard or Visa. Just tell your bank to enable it for foreign use. The currency you will be able to withdraw will be in that country's currency.


Re: How to withdraw from a Domiciliary account in Nigeria Reply by Justus on Friday January 30, 2015 at 11:4:26:

Dear Sir, A swift transfer was made to my domiciliary euro account in Nigeria from a Canadian Bank on Wednesday evening canada time. When will i be able to receive it sir ?



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Friday January 30, 2015 at 11:4:26:

It will take about 3 to seven days.


Re: How to withdraw from a Domiciliary account in Nigeria Reply by Biyola on Tuesday February 10, 2015 at 10:25:13:

I had business transaction with an foreign client to the tune of about 93,000 Euro. He started complaining that the financial regulating body in the country is querying the payment. I already delivered his product. How true can this be because there is proof of delivery of order to beneficiary. I strongly believe payment should be made seamlessly from any where in the world into my Euro Domiciliary account



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Tuesday February 10, 2015 at 10:25:13:

Funds like that tend to get delayed or flagged at the bank because it's considered to be a high value transaction but that doesn't mean that you won't eventually receive it. Just ask your bank the status of the transaction.



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Chibuzor Lawrence on Monday March 2, 2015 at 7:8:48:

Pls sir,i have an Access bank savings account that has Visa Debit card. Can i use the card to make withdrawal in an overseas ATM machine(Switzerland to be precise)?



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Monday March 2, 2015 at 7:8:48:

Yes you can use it but first of all you need to tell your bank to activate it for use outside Nigeria. Some banks disabled card usage outside Nigeria for our safety. SO just tell your bank before you travel. It's actually a smarter way to carry money when you travel.


Re: How to withdraw from a Domiciliary account in Nigeria Reply by ozil on Thursday March 19, 2015 at 1:5:19:

Hello i am having a big problem and i need u to solve it for me someone send me about $9900 into my boa in naira and i have not recieved it here its been 2 weeks now and i am still waiting for a resolution the painful part is the sender close down is checking account which it was sent from after sending now how are we going to get the money back into the account ....please tell me what am i suppose to do



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Thursday March 19, 2015 at 1:5:19:

The big question is if the person actually sent the money. If he did, the money should be in your bank account within 7 days. If he did, he should send you a scanned receipt of the transfer to your email and you can take it to your bank to verify.


Re: How to withdraw from a Domiciliary account in Nigeria Reply by OKALEKA JOHN on Sunday March 29, 2015 at 2:24:57:

Hello sir I do not have knowledge of domicilary, I have an acct wit UBA (savings) and am expecting a transfer nxtweek from the UK, all I gave to my frnd was my name, acct number and sot code are these enough and is there any chance of problems with me receiving it?



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Sunday March 29, 2015 at 2:24:57:

You don't necessarily need a dom account just to receive wire transfers from abroad as you can even receive it to your Naira account. Sure you can receive it within 7 days of him sending it. The only thing is that if it was a dom account, you can receive in the same currency.


Re: How to withdraw from a Domiciliary account in Nigeria Reply by Harris on Sunday April 5, 2015 at 4:17:28:

Pls kindly help.I tried to withdrawal some dollars from my betting site.Having provided d required information for withdrawal I was told my bank stop the transaction n days Gtb.Pls what can I do or should I proceed to opening a Dom account. Urgent reply pls or via my email...



Re: How to withdraw from a Domiciliary account in Nigeria Reply by joshua on Saturday April 25, 2015 at 12:48:9:

Hello felix, I do bank in gtbank but I don't have a domi acct. I will like to withdraw my fund that is in bet365 account to my gtbank.
Please tell me what will be the charge if I have to open a domi acct and what will be the benefit



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Saturday April 25, 2015 at 12:48:9:

I heard that GTBank doesn't charge anything to open a domiciliary account. You may however bring an initial deposit amount of say $100. I don't think they will charge yoy for withdrawing from your et365 account if it's a foreign bank wire transfer but they may charge transaction fees if you use a cheque to withdraw from your dom account or for making foreign cheque deposits from bet365.


Re: How to withdraw from a Domiciliary account in Nigeria Reply by sodeeq on Monday June 29, 2015 at 16:14:14:

Hi,felix,just wanna know what details to give some one in USA to send a check to my Diamond Dom account...



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Monday June 29, 2015 at 16:14:14:

Just tell him to send a cheque in your Name and you will be able to deposit it into your Diamond bank domiciliary account


Re: How to withdraw from a Domiciliary account in Nigeria Reply by Oluwakemi on Thursday July 2, 2015 at 14:1:56:

Pls i want to withdraw funds 4rm payza account.what kind of dormiciliary account do i need to open?



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Thursday July 2, 2015 at 14:1:56:

You don't necessarily needa domiciliary account as you can also withdraw using a savings account. Payza can pay you using wire transfer if you have funds with them. If you want to use a dom account, then make it be in the same currency as your payza account.


Re: How to withdraw from a Domiciliary account in Nigeria Reply by Julz on Friday July 3, 2015 at 17:40:6:

Hi Felix, i just stumbled on your site and i must confess that i am impressed with your responses to questions. Well done sir! My question is this, i am traveling to France in a few weeks and need you to confirm the cheapest way to carry money without being charged too much during exchange rate. Is it wiser/cheaper to just use my ATM card directly in France. If yes, any idea what i will be charged extra when i make withdrawals overseas. Or would you advise me to change money in Nigeria to Euro cash and take along with me. The exchange rates in d black market is scary (almost N250 to one Euro!) and i need to get very good value for my money. Thank you



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Friday July 3, 2015 at 17:40:6:

It's best to carry your ATM card(Mastercard or Visa) abroad since it would allow you make payments in foreign currency at a good rate than if you were to buy it in Nigeria from the black market. If there are any charges, it would be nothing compared to the black market rates. You should only carry some small cash just for emergencies such as your card not working. You are entitled to $50,000 a year on foreign trips as a Nigerian.


Re: How to withdraw from a Domiciliary account in Nigeria Reply by Rhonda boyle on Sunday July 12, 2015 at 21:33:17:

im traveling to nigeria and i like to open an account there i have a bank check to put in can i withdraw the money out the same day i put the check in



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Sunday July 12, 2015 at 21:33:17:

Foreign cheques don't clear immediately in Nigeria as it takes about 21 working days. It's better to just carry along a credit/debit card powered by Visa or Mastercard.


Re: How to withdraw from a Domiciliary account in Nigeria Reply by josh on Sunday August 2, 2015 at 15:15:25:

Hello felix, I have a dom account with GTBank. The question is what is the minimum amount that could be left in the dom account? or can i withdraw everything?

Thanks



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Sunday August 2, 2015 at 15:15:25:

I don't think you can withdraw everything. I think the minimum should be around $150


Re: How to withdraw from a Domiciliary account in Nigeria Reply by cliff on Monday August 3, 2015 at 13:31:23:

Hello mr felix, I need you to tell me the easiest way to get my money to the USA, I would be traveling to the USa in a month time and I just got in the news that banks have stop saving in Dollars and transferring money through Domiciliary account, how can I get my money to the USA I'm talking about a large sum here , thanks for your reply me felix



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Monday August 3, 2015 at 13:31:23:

I think the other option would be to get a debit card such as Visa or Mastercard. What I heard about dom accounts is that banks are no longer accepting deposits but are allowing withdrawals and so I think you can always make fund transfer to your US bank account from your dom or Naira account.


Re: How to withdraw from a Domiciliary account in Nigeria Reply by C on Tuesday August 4, 2015 at 16:30:28:

Hello felix, I just opened a domicillary account 2 months ago, when I sent the diamond bank details to my brother-in US- to transfer cash to me he said he was confused. Now he wants to try again; how do I confirm that my dom account is functional?



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Tuesday August 4, 2015 at 16:30:28:

You will need to give him the account name, account number, bank, country and swift code. I think swift code for Diamond bank is DBLNNGLAXXX


Re: How to withdraw from a Domiciliary account in Nigeria Reply by mabel fortune on Tuesday August 11, 2015 at 2:55:16:

Good day Felix. Please I want to confirm. Some money was transferred from access bank Uk in GBP to my Ecobank dollar account here in Nigeria since August 3rd. The transfer process was succesful in the proof of payment sent to me. As at today It is yet to reflect in My dollar account. My question is can the GBP reflect in dollar account if yes how many days pls. Thanks



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Tuesday August 11, 2015 at 2:55:16:

International Fund transfers shouldn't take more than 7 working days. Contact your bank and ask them about it. it may just be delayed at the head office or something.


Re: How to withdraw from a Domiciliary account in Nigeria Reply by Babson on Wednesday September 16, 2015 at 2:16:41:

Hi Felix
Is it possible to deposit money to my gtbank saving account(naira) from abroad? must it be domciliary account?
thanks



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Wednesday September 16, 2015 at 2:16:41:

You can also deposit money into a Naira account. It doesn't have to be a domiciliary account. If you send to money, the bank will just convert it to Naira and credit to your account.


Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Wednesday September 23, 2015 at 21:26:48:

I hear transfers from dom to savings is possible in Gtbank but most banks rarely do that and most customers rarely patronize that because banks offer lower exchange rate. Yes you can use online banking platform on some banks to transfer from dom to naira but it's rare. If you are outside Nigeria, you can transfer money from a foreign bank account to a Naira account directly. Also, on the issue of withdrawing from a dom account, it is still possible. The only thing I know is that banks don't allow one to deposit cash into a dom account for now.


Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Wednesday September 23, 2015 at 21:26:48:

I hear transfers from dom to savings is possible in Gtbank but most banks rarely do that and most customers rarely patronize that because banks offer lower exchange rate. Yes you can use online banking platform on some banks to transfer from dom to naira but it's rare. If you are outside Nigeria, you can transfer money from a foreign bank account to a Naira account directly. Also, on the issue of withdrawing from a dom account, it is still possible. The only thing I know is that banks don't allow one to deposit cash into a dom account for now.


Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Wednesday September 23, 2015 at 21:26:48:

I hear transfers from dom to savings is possible in Gtbank but most banks rarely do that and most customers rarely patronize that because banks offer lower exchange rate. Yes you can use online banking platform on some banks to transfer from dom to naira but it's rare. If you are outside Nigeria, you can transfer money from a foreign bank account to a Naira account directly. Also, on the issue of withdrawing from a dom account, it is still possible. The only thing I know is that banks don't allow one to deposit cash into a dom account for now.


Re: How to withdraw from a Domiciliary account in Nigeria Reply by Promise on Monday September 28, 2015 at 23:39:20:

How do iI withdrawl money that's in my GT Bank domiciery account into my GT Bank savings account
Please enlighten me



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Monday September 28, 2015 at 23:39:20:

Have you tried online banking? It may be possible to do it at home with your internet.


Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Monday September 28, 2015 at 23:39:20:

Have you tried online banking? It may be possible to do it at home with your internet.


Re: How to withdraw from a Domiciliary account in Nigeria Reply by John O on Friday November 20, 2015 at 16:43:28:

Hello all my brothers I need your help all I am looking for someone that has GTB Dom account that can transfer to my newly opened dom account so that I can activate it and apply for master card on the account. I will pay the person the equivalent in naira (black market price)

Thanks
John




Re: How to withdraw from a Domiciliary account in Nigeria Reply by mariam on Wednesday December 16, 2015 at 17:38:12:

am going to be opening my blog in a few weeks and can the money i make directly from my blog go to my domicilary account in usd and if yes is it possible to withdraw my money in usd directly



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Wednesday December 16, 2015 at 17:38:12:

Yes, for now, you can still withdraw US dollars from your USD domiciliary account in Nigeria


Re: How to withdraw from a Domiciliary account in Nigeria Reply by Adebayo on Thursday June 2, 2016 at 18:33:57:

What is the difference between IBAN and Account number for a domiciliary account?



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Thursday June 2, 2016 at 18:33:57:

IBAN means International Bank Account Number used for international fund transfers while the account number is the exact account number.


Re: How to withdraw from a Domiciliary account in Nigeria Reply by Ayotunde on Tuesday June 14, 2016 at 8:59:11:

How can I get naira for the euro I have in my GTBank account? Someone should please help



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Tuesday June 14, 2016 at 8:59:11:

Just meet with those guys selling black market and they can do a transfer to your bank account in Naira while you do likewise to their own account in Euro.


Re: How to withdraw from a Domiciliary account in Nigeria Reply by Matthew on Tuesday June 21, 2016 at 7:11:21:

Please must i have a domiciliary account before funds (e.g 1m dollars) can be transferred to my account from overseas e.g from Cameron to Nigeria



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Tuesday June 21, 2016 at 7:11:21:

No you don't need a discount for that. Most Nigerian banks can transfer from your Naira account to a bank account writhing West Africa easily.



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Christopher on Tuesday July 5, 2016 at 5:51:16:

Hello, €10,000 was sent to me directly from belgium to my GTB savings account but the someone (who siad she is calling from my GTB branch) called and said i must open a dom account with them which they will pay the money into my dom account then i can withdraw.
Why didn't they just pay the money into my savings account even when i have given them instructions to do so and am guven just 2days to open the don account,is this proper?




Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Tuesday July 5, 2016 at 5:51:16:

I think you should open the account if you need the money.


Re: How to withdraw from a Domiciliary account in Nigeria Reply by precious on Friday July 8, 2016 at 16:47:46:

does bank give interest to dorm accounts and what is the advantage of dorm account over other means of international transfer like money gram and western union etc



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Friday July 8, 2016 at 16:47:46:

Yes they pay interest on Dom account and it's good for making huge foreign transfer of money.


Re: How to withdraw from a Domiciliary account in Nigeria Reply by dewura on Wednesday July 20, 2016 at 15:55:15:

To withdraw from my domicinary account would I be given the foreign currency or the local currency



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Wednesday July 20, 2016 at 15:55:15:

You will be given foreign currency when withdrawing from a dom account.


Re: How to withdraw from a Domiciliary account in Nigeria Reply by Prince Gbim on Saturday August 6, 2016 at 16:35:19:

Hello Sir , i hav a Current Acc , nd a Dom acc was created for me, frm dat Current acc i hav wt Ecobank. i hav kept 100 Dollars wt dem for atleast 8-10 yrs nw. without withdrawal.... will dem add Interest to d cash for been wt dem all this yrs ????. nd will i b able to withdrawal my 100 bucks back ????, i need my cash Back nw.



Re: How to withdraw from a Domiciliary account in Nigeria Reply by kingeric on Thursday August 18, 2016 at 8:7:21:

well I really enjoyed this tread pls keep the good work going more grease to ur elbow



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Victor on Wednesday September 21, 2016 at 16:24:53:

Money was transfer into my Dom account from bank of America to Nigeria that's $1500 but I was paid in Naira when I went to the bank, why is that so?? I need your help



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Wednesday September 21, 2016 at 16:24:53:

Was it sent through Western Union? I think that's the policy on Western Union to pay in Naira. However, when I do receive money from a foreign fund transfer directly into my bank account, I normally get paid in dollars. Which bank did you use? If your bank doesn't want to pay you in Dollars, you can choose not to collect the money.


Re: How to withdraw from a Domiciliary account in Nigeria Reply by Ufuoma on Sunday November 20, 2016 at 21:29:28:

Hello Felix. Thanks for the good job. Please, I will like to know if Nigerian banks accepts funding of personnal online acc such Perfect Money , etc from a dom acc and also receive funds as well?


Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Sunday November 20, 2016 at 21:29:28:

Well, Nigerian bank accounts accept bank transfers from abroad. If your perfect money account can do bank wires, then it's possible to receive it in a Naira or domiciliary account


Re: How to withdraw from a Domiciliary account in Nigeria Reply by Samuel on Thursday February 9, 2017 at 9:41:19:

Hi Felix,
Can gtbank naira MasterCard withdraw in Canada? (Mean Canadian dollar), If yes, how much can this be?



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Thursday February 9, 2017 at 9:41:19:

Yes, it can withdraw in Canada and it will be in Canadian dollars. However, due to limits with Naira cards, you will only be able to withdraw limited funds from a Naira card in Canada but if you have a Dollar card, you will be able to withdraw up to the amount that it is in your account..


Re: How to withdraw from a Domiciliary account in Nigeria Reply by olalere oluyemi on Tuesday March 21, 2017 at 4:14:47:

I open a dom account with diamond Bank and am yet to be given a debit card. Can I pay online without the debit card. And also can I connect my naira account with paypal



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Tuesday March 21, 2017 at 4:14:47:

Yes, you can link your naira card to a Paypal Nigeria account. You can also make payments online without necessarily using a dom account debit card as your Naira card can work.


Re: How to withdraw from a Domiciliary account in Nigeria Reply by Evelyn on Wednesday March 22, 2017 at 8:21:34:

am a bit confused here...my uncle made a transfer from a domiciliary account from United Kingdom to my gtb naira account since three days ago am yet to receive an alert..checked my account Balance still the same thing..my uncle has been debited



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Wednesday March 22, 2017 at 8:21:34:

It takes about 3 to 7 working days for a for a foreign transfer to be credited to one's account in Nigeria. I advise you just wait for about 1 week.


Re: How to withdraw from a Domiciliary account in Nigeria Reply by Onyeji Patrick on Tuesday March 28, 2017 at 5:59:17:

I just Opened a Dom Acc with GTBank, please I want to how much will it take from activating it...? Thanks



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Laura on Thursday May 11, 2017 at 9:39:56:

Good morning Mr felix
Please i need information on how to withdraw from my Firstbank Domicilary account
And can get foreign currency from it?
Bank rules has changed a lot



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Thursday May 11, 2017 at 9:39:56:

Yes, you can withdraw foreign currency from your domiciliary account. Just apply at the bank with a teller or cheque.


Re: How to withdraw from a Domiciliary account in Nigeria Reply by John on Friday May 26, 2017 at 22:35:7:

Hi Felix,
Please is there a limit to daily withdrawal from a current domiciliary account?



Re: How to withdraw from a Domiciliary account in Nigeria Reply by Felix Okoli on Friday May 26, 2017 at 22:35:7:

I don't think there is a limit but it may depend on if the bank really has enough to give you for that day.




Post a Comment

Required fields are Name and Comment.


Name:

Email: (Optional)

Comment:


Recent Posts

Nigerians can now pay Cheques into savings accounts - Saturday September 17, 2016 12:58:19
Nigerian banks are sacking workers - Wednesday September 14, 2016 17:59:41
How I transferred money from GTBank with my mobile phone - Wednesday September 14, 2016 17:42:57
How Nigerian banks can attract and retain customers - Friday September 2, 2016 9:59:27
GTBank Naira MasterCard exchange rate per US dollar - Sunday August 28, 2016 22:57:39
Cash Deposit ATM stole my money - Tuesday August 23, 2016 12:44:30