Finance and Investment

How to Open a GTBank Domiciliary Account

You can make foreign currency transactions with ease from your home, office or anywhere in the world with a GTBank Domiciliary Account. The account is available in US Dollar, Pounds and Euro.

This makes it convenient to make international payments and transfers in the major currencies in the world.

You can fund your domiciliary account through cash inflows and deposits, and also make withdrawals can at any GTBank branch near you.

Benefits of GTBank Domiciliary Account

With a domiciliary account, you enjoy these benefits;

You can make cash withdrawals in foreign currency from any GTBank branch

24/7 banking services via any GTBank branch

You can also transfer funds in foreign currency to other bank’s domiciliary accounts in Nigeria and abroad.

Also Read:

a. 12 beast online loans without collateral in Ghana

b. Mutual fund vs Treasury: which one is a better?

Requirements for a GTBank Domiciliary Account

You need to meet the following requirements to get a domiciliary account;

Filled and signed Domiciliary account opening form

A copy of identification document (Driver’s license, international passport, National I.D Card, or any other acceptable by the bank).

One passport photograph

Two (2) completed reference forms

Utility bill issued within the last 3 months

You can apply for GTBank Domiciliary Account

Application for online USD and Euro accounts

US Dollar and Euro accounts can be created online for free on blockchain. This can be used as a digital US dollar and Euro accounts for transfers and payments, just like USD/Euro accounts with traditional banks.

Digital dollar or Euro account is not a replacement for banknotes, but the process eliminates the paperwork and restrictions of bank accounts.

The US Dollar Coin (USDC) and Celo Euro are stablecoins that are pegged to the USD and Euro; thus, a $1 or €1 of value is redeemable on a 1:1 basis for the USD or EURO.

Unlike most foreign currency accounts with banks, Digital dollar and Euro accounts bear interests. USDC gives you an interest of 11% per year while you earn 4% on Celo Euro.

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