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 best 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.