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FirstDom
This foreign currency deposit account is targeted at existing and potential domiciliary customers with balances of $5,000 and above.
Account Information
This foreign currency deposit account is targeted at existing and potential domiciliary customers with balances of $5,000 and above. It offers attractive interest rates and highly reduced transfer charges.
- Account is operated with a specialised non-clearing cheque book.
- Foreign draft issuance is allowed on the account.
- No charges on over-the-counter cash withdrawals.
- Transfer charges on account as low as 0.25% flat.
- Duely completed Account Opening Form
- Duly completed Specimen Signature Card
- Recent passport photograph
- Proof of Address: Utility Bill within the last 3 months
- Valid means of identification e.g. International Passport, Driver’s license, National ID card, Voter’s ID, BVN etc.
- Two satisfactory references
Individuals and corporates.
To open an FirstDom Plus account,
- Download the Individual Account Opening Form
- Complete the form and submit at the nearest FirstBank branch
FAQs
They are two different accounts with different features and benefits.
The minimum opening/operating balance for this account in 3 major currencies are: $5,000.00; €5, 000.00; £3, 000.00
Applicable interest rate are based on deposit buckets as follows:
- $10,000 – $49,999 – 0.25%
- $50,000 – $99,999 – 0.25%
- $100,000 & above – 2.0%
Yes you can, as long as you are able to increase your existing balance to the minimum opening balance.
Your account number will be changed because the two products are different
Individuals and corporate organisations
Simply visit any FirstBank branch nearest to you.
Yes. Any cash withdrawal on the account is free of charge.
Withdrawals from any FirstBank branch are allowed.
Account holders with balances $30,000 and above pay ≤ 0.25% transfer charges.
