How to Open a Dollar Domiciliary Account in Nigeria | Flo Finance
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- เผยแพร่เมื่อ 2 ส.ค. 2024
- If you want to open a dollar domiciliary account in Nigeria, this video is for you. With the new CBN policy in international remittance to Nigeria, having a Dollar Domiciliary account is now a necessity.
Open a Diaspora Current Account (Naira): • 3 Things You Need to D...
How to send money to Nigeria (Over the Counter Pickup):
• HOW TO SEND MONEY TO N...
New CBN Policy: • THE NIGHTMARE OF SENDI...
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#dollaraccount #openadollaraccount #flofinance #flochinyere - แนวปฏิบัติและการใช้ชีวิต
Just what i was searching for.
me too
Flo is simply the best on TH-cam, she is just professional ❤️❤️❤️
Very informative and well explained dear Aunt flo. I enjoyed very bit of this video. Yes those remote areas, only God will help them. Thanks so much. I can't wait to watch how you send money
Very well explained nd detailed darling, the video is quite informative really thanks👍🏽♥️
God haf bless you plenty with all these your thoughtful informative videos 🙌🏽
Wow this is really informative
Good advice we need to adapt.
Honestly speaking I have being considering this before you came up with this video. Nice work
I'm glad. Oya let's go!
Nice 0ne, waiting for your next program on send wave domicilary
Thanks, Info needed!
Thank you Flo
Thank you Flo....this info is very useful as I do have a critical need to that matter.
You see I am gabonese watching your show...😃
You are by far one of the most honest person in this TH-cam we see today...
I may need your help (not related to money).....I have two kids in Nigeria and I need your true advice as the person. I know you will guide me right...honestly I don't know how to contact you directly......
You are true ans a wonderful person...I just feel it..
🌹💛🌹
My contact is always in the description of all the videos.
Thanks so much ma this is for me
Ada thank for d news
Thank you
Useful ideas/tips, daalụ nwanyị ọma!
Thanks for this video sister Flo, let me go and activate my account. I have done bvn before coming here
Very good!
Thanks flo for this video. Please any idea on the maximum amount that can go out of the account per day?
If you have a dormant savings account even without BVN just send money to that account via worldremit and they will open a dormicilliary account for you and link it with your exisiting naira savings account, it worked for me in First bank and Access bank. If your account is dormant or without BVN you can desposit into that account but you can't withdraw. If you want to send to a relative or anybody else just send the money to the persons naira account and a dollar domicialliary account will be opened for that person. It works with First bank, Fidelity bank, Access bank, GTbank and some other banks. CBN have simplified things.
Good information if I open dollars account in Nigeria can I use the dollars account to send money to aborad?
Can you tell me the accceas code and the bank that it is used in the us im trying to transfer money now i they need this information
Creating the dollar is a problem because the bank ask for 2 guarantor who have current accounts and not a salary current Account. What do we do? Because getting guarantors are difficult to get.
Please my question is, must I have 100$ handy before opening the dollar account or I will open it then fund it when I have it the 100$
Hi flo I just have a question
When your is inactive can you still send money to it
Here 3rd!!! ○○•°•••○♡♡♡♡♡♡
Good evening!
Thanks so much for the information. Why are the government making things to hard for every individual and why are will use other country currency???
To my perspective Nigeria government are downgraded our priority
Is dollar account the same thing like current account?
How to send money from nigeria to another country
Pls make a video on how to send dollars in you Domiciliary account in Nigeria
Thanks for the tips Flo, Nigeria and its wahala, the govt there does not care about diasporans all they want is their money.
Please who are the referees
Thanks for the Video
Please do they give debit/Credit card for the dollar account?
Yes GT bank does I guess
Hi Flo, I'm a Diasporan and find a lot of your videos very invaluable. I have a question to ask about domiciary accounts. I still don't understand why I need one?
I have an active Niara account. If I need to give anyone in Nigeria money I transfer Naira from my Nigerian naira account to the person's account. For regular transfers I set up a standing order from my Nigerian account to the recipient's naira account.
Topping up my Nigerian account with naira is very easy. There are people in the UK who change your pounds for you and put the Niara equivalent in your Nigerian naira account using the most current exchange rate.
Why do I then need a domiciary account? Please what am I missing? Thanks for your help.
If you are lucky to have a place that STILL transfers to your Naira account post latest CBN policy, please continue using it hush hush. Any outlet or app that is still doing that is doing so illegally and CBN will shut it down when they find out.
For those of us that are not so lucky (none of the outlets where I live sends to Naira accounts these days), we need a dollar account. Or we send to someone that will pick it over the counter.
How can someone in Nigeria withdraw money from a domiciliary dollar account that belongs to somebody who is abroad when the account is not in his/her name?
You send a written authorization to the person just like you give someone a cheque. Details of that in another video.
It was a minimum of 50euros or dollars then(early 2000)in first bank, yes d person was right!!!
ok.
Please, if i have a dollar account in Nigeria, can i send money to my USA account from my Nigeria dollars account
Speak with your Nigerian account officer to get the latest info because CBN is always changing the rules on that.
Hi flo,the send weve i downloaded ,i can't find nigeria in the list. Thanks
Which country do you live in?
Have you watched this video: th-cam.com/video/4rnt4-ia9zE/w-d-xo.html ?
Nigeria Punches Online Banking As Dorm Accounts Get Restrictions
March 11, 2021 | by Ndubuisi Ekekwe | 6

One week, one issue and another one is coming on March 20, 2021. Yes, “This is to inform you that instant completion for international transfers on our digital platforms will cease from March 20, 2021. All international third-party transfers initiated on any of our digital channels will be completed at the back office after receipt of relevant supporting documents,” says a bank circular.
What does that mean? You need documentation to use money in your dorm account. Indeed, the government is looking at how to keep that dollar in Nigeria as it fights the battle to protect Nigeria and Naira.
The circular below…

“This is to inform you that instant completion for international transfers on our digital platforms will cease from March 20, 2021. All international third-party transfers initiated on any of our digital channels will be completed at the back office after receipt of relevant supporting documents. Kindly ensure you send relevant supporting documents for your international transfers immediately transaction is initiated online to……….
“Samples of supporting documents to be provided for international transfers to third parties are;
Invoices
Bills
Demand Notes, etc
“For Medical, insurance, school fees, subscriptions and other similar invisible payments. For transparency and in line with CBN eligibility requirement, purpose of payment must be clearly indicated for all
Aunty flo see another one that is coming🤣🤣
Love this video oo, was trying to open a domiciliary account in Nigeria, i don't know how to go about it, pls help love from new York
How do you close dead persons account in Nigeria!! Thank you.
The person stated as the next of kin should go to the bank with any bank documents and the death certificate and speak with the customer service person. Or better, look up the email address of the bank's general customer service on their website, send an email to them and ask them. They will give you a more detailed list of documents you need to present including documents you may need to get from a law court.
@@FloFinance thank you ma
How do i open a domicillay account without bills ?
You need to present at least one proof of address. You can contact your bank, they may have other options available if you tell them you don't have utility bills.
Ndewo. Great video! How can an American citizen open a dollar account in Naija? I want to send money to my fiancé.
You need a residence permit before you can open a dollar account in Nigeria. In the absence of that, you can send the money directly to your fiance to pick over the counter. Watch this video: th-cam.com/video/4rnt4-ia9zE/w-d-xo.html
@@FloFinance Ok thank you. I already have been sending her money... but I want to send her a larger amount, and I am not comfortable with her walking around with that much cash.
@@JevonMusicGroup who is the American citizen? You or your fiancée? If your fiancée in Nigeria is Nigerian, she can open a dollar account in her own name, that way she does not have to carry large amounts around.
She can also invite the bureau de change guy she is dealing with to the bank such that all exchanges happen within the bank whenever she wants to withdraw money from her dollar account.
Please on domiciliary account do someone withdraw in naira or dollar?
A domiciliary (dom) account means a foreign currency account located in Nigeria. If you open a dollar dom account you will always operate it in dollars. You pay in dollars and withdraw dollars. The same goes for a pounds sterling dom account, same for a euro dom account. You pay in that currency and withdraw that currency.
@@FloFinance ok, thank you
Please let us organise protests using the social media. We cannot allow them have their way all the time.
What is the difference between domiciliary account and prepaid dollar account?
You mean a prepaid dollar CARD?
Yes and the prepaid dollar card has an account which can only be funded in dollar not naira
A prepaid dollar card is just a debit card (visa or mastercard) that is denominated in dollars that you use to have access to the money in your dom account while a domiciliary account is the foreign currency account itself. The card is useful for international online purchases and for payments for goods and services quoted in dollars. It's just like having a debit card for your Naira account which you can use to pay for goods and services at POSs.
If you do not have a dom account already and apply for the card, they will open a dom account for you to go with the card because you need a dom account to hold the money you will pay in.
But how can you produce a bill when you don't live in Nigeria?
Send money to someone in Nigeria they'll pick it over the counter and take it to your account officer.
@@FloFinance Sorry, I actually meant a utility bill not dollar bill. How are you able to produce that when you don't live in Nigeria?
Ok. Do you have an active Naira account in Nigeria? If yes, whose address did you use to open your Naira account?
very soon Nigeria will be like Zimbabwe. Where the Bond note is rejected by the citizenry and the Dollars is the preferred currency of trade and exchange. The only fear I have for the dollar Domiciliary account is that the naija government will wake up one day and start raiding those accounts for foreign currency and exchanging them with useless naira notes.
I can't get in my account on my phone from here
Contact your bank to set up internet banking for you.
@@FloFinance they said they did that I needed a code but they didn't send me the code
@@FloFinance thanks