Opening Dollar Account in Union Bank Online- This article will help you know how to open a dollar account with Union bank and the benefit of a dollar account in Nigeria.Meaning of Dollar Account or Domiciliary Account
A dollar account officially known as a domiciliary account is a bank account you open in Nigeria that enables you to receive and withdraw foreign currencies. With a dollar account in Nigeria banks today you can receive money from different currencies from abroad but is not operated in Nigeria currency, with this account you can operate with the three global currencies and you can receive money from either United States dollars, or British Pounds, or Euros.
How many Types of Dollars do we have?
Basically, we have two types of dollars account which are;
About Domiciliary or Dollar Savings Account
This is a foreign currency account that gives customers the option to save in any of the three global currencies (US Dollars, Euros, and GB Pounds) while earning interest.
Union Bank Domiciliary or Dollar Savings Account Features
Below are the features made of the Union bank Dollar savings account;
Dollar Savings Account Benefits
Below is the benefit of a Dollar savings account;
Requirement for Opening a Dollar Savings Account
When opening a dollar account few things will be required from which is;
NOTE; Same requirement for both Dollar Savings Account and Dollar current account only dollar current account request for 2 valid references
Domiciliary Current Account
This is a foreign currency account that gives customers the option to a bank in any of the three global currencies (US Dollars, Euros, and GB Pounds).
See also-How to Open a Bank Account with GT Online
Domiciliary Current Account Features
Unlike a savings account, a current account also has it unique features which are;
Domiciliary Current Account Benefit
Unlike a savings account, a current account also has it unique features which are;
How to Open a Dollar Account in Union Bank Online
How to Transfer money on Geegpay - Create account with Geegpay and enjoy sending Money in EUR or GBP using…
Nigerian Police Salary Structure By Ranks 2024/2025 - The Nigerian Police Salary Structure attracts the biggest when it comes to…
The Minister of Youth Development, Jamila Bio-Ibrahim, has announced plans to reform the National Youth Service Corps Scheme. Over 5,000…
FG-ScholarsThe Federal Government of Nigeria has announced scholarships for students interested in the oil and gas industry. All the scholarship…
CanaCThe 2024 Canadian Visa Sponsorship Program have started. Canada’s reputation for welcoming immigrants is well-deserved. Many Canadian companies actively support…
The Corporate Brand of Market Square is accepting applications from qualified persons. Several Market Square/Supermarket Jobs positions are opened at…