Do you want to understand how to open a Unity bank Domiciliary Account or how to accept foreign money into your domiciliary accounts from relatives or customers?
Because of the large differences in currency rates between the official window market and the Bureau De Change here in Nigeria, receiving foreign currencies via a domiciliary account is more profitable than getting them in Naira.
We’ll go through how to open a Unity bank domiciliary account, the prerequisites, and how to accept foreign currency into your domiciliary accounts in this post. So grab a cup of tea and sit back as I walk you through the process in simple steps and suggestions.
What does a domiciliary account entail?
A domiciliary account is a foreign currency account that can be funded by remittances from abroad or cash deposits from within the country.
The account allows account holders to receive and transfer foreign currencies. Individuals who require a foreign currency account should use this sort of account.
What are the features and advantages of having a Unity bank domiciliary account?
The characteristics and benefits of a Unity bank domiciliary account are listed below.
- A starting balance of $100 (€, £) or its equivalent in € and £ is required.
Direct remittances are the second type of transfer.
- Payment of interest on deposits
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Remittances from abroad and from within the country
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A commission of 1% of the transaction amount is charged every transfer.
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There is a $38 flat price for telex.
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Withdrawals made in foreign currency
How to open a domiciliary account with Unity Bank
To open a Unity Bank domiciliary account, go to the nearest branch and complete the account registration process.
- Complete your account application form 2.
- Obtain three references from friends or family members who have a current account.
- submit any other documents requested by the bank, such as identification cards, utility bills, and BVNs, among others.
- As part of the requirements, you must deposit $100 (€, £) or its equivalent in € and £.
- After that, you’ll receive your account number through email or phone, which was connected to your application during the registration process.
How to get foreign currency into your Nigerian Unity Bank domiciliary account
Customers must have an active Dom account in order to receive Forex transfers to their Unity bank account. Unitybank Plc also gets domiciliary inflow into our customers’ domiciliary accounts on their behalf.
The sender must quote the following Unitybank Plc correspondent bank details in order for you to receive the funds promptly:
FOR U.S DOLLARS (USD) ONLY
- BANK NAME: ODDO BHF BANK
- SWIFT CODE : BHFBDEFF
- ACCOUNT NAME : UNITY BANK PLC
- SWIFT CODE : ICITNGLA
- ACCOUNT NUMBER : 0100715433
- INTERMEDIARY BANK: THE BANK OF NEW YORK MELLON
- SWIFT CODE: IRVTUS3N
FOR POUNDS STERLING (GBP) ONLY
- BANK NAME: ODDO BANK BHF
- SWIFT CODE: BHFBDEFF500
- ACCOUNT NAME: UNITY BANK PLC
- SWIFT CODE: ICITNGLA
- ACCOUNT NUMBER: DE88 5002 0200 0200 7154 33
- INTERMEDIARY BANK: HSBC PLC LONDON
- SWIFT CODE: MIDLGB22
FOR EUROS ONLY
- BANK NAME: ODDO BANK BHF
- SWIFT CODE: BHFBDEFF
- ACCOUNT NAME: UNITY BANK PLC
- SWIFT CODE: ICITNGLA
- ACCOUNT NUMBER: 0000715433
Please note that the beneficiary’s Unity Bank Plc account number must be supplied along with the details in order for Unity Bank to apply funds.
Source: Nyscinfo