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Home Banking How To Withdraw From Any Bank Domiciliary Account
  • Banking
  • Domiciliary Account

How To Withdraw From Any Bank Domiciliary Account

By
Bob Michael
-
Modified date: July 18, 2020

Domiciliary Account is a Nigerian Foreign account that receives raw currencies of other countries into the account, right in Nigeria. Most Banks in Nigeria provide such account for those interested in transacting foreign currencies, like dollars, Euro, Pounds etc.

The account gives you access to withdraw raw currencies from ATM in other countries, using the issued debit card. But can’t dispense raw foreign currencies from Nigerian Bank ATM. Even at that, we have outlined simple ways to withdraw the cash in Nigeria from below.

So In this article, we have provided you with ways in which you can withdraw from your domiciliary account in Nigeria. Most banks that offer such account in Nigeria are as follows; GTB, Ecobank, Zenith, Access, Union Bank etc.

To open a domiciliary account in Nigeria, it requires referral form from those already using the account to transact. Some banks demands that those referring you should have their own account running for at least 6 months before they can be eligible to refer another person. Example of such bank is Guaranty Trust Bank (GTB).

Withdraw money from Domiciliary Account

Table of Contents show
1 Bank Domiciliary Account
2 HOW TO WITHDRAW MONEY FROM ANY DOMICILIARY BANK ACCOUNT IN NIGERIA
2.1 1. Writing An Application For Withdrawal
2.2 2. Withdraw Using A Cheque
2.3 Domiciliary Wire Transfer
2.4 Through Withdrawal Slip
2.5 Withdrawal from ATM
2.6 Recommendations:

Bank Domiciliary Account

Bank Domiciliary account is very secured and reliable for receiving and making payment online. It gives you access to withdraw different currencies of other nation in raw cash, without having to convert the hard currency.

Dom account gives you the opportunity to save and withdraw different currencies at any point in time, no matter the country you are residing, so long as you have the active account. The account is very essential to those dealing with any type of online business that has to do with receiving payments from other countries.

Domiciliary is usually a Current account and not savings. Below are ways to go about withdrawing raw cash from the account.

HOW TO WITHDRAW MONEY FROM ANY DOMICILIARY BANK ACCOUNT IN NIGERIA

1. Writing An Application For Withdrawal

This works just as the title depicted, you only write an application using your withdrawal address, to the bank branch manager where you opened the account and your money will be released. Very simple and reliable.

2. Withdraw Using A Cheque

This is exactly same thing you do when you want to withdraw from other type of accounts in banks. All you need do, is to fill in the details of your cheque containing; the Amount, signature, date etc. Very simple isn’t it?

Domiciliary Wire Transfer

This has to do with bank to bank wire transfer transaction. It can be from local or international. Here, the fund is expected to be transferred in just a week.

Through Withdrawal Slip

Almost everyone banking does this particular transaction. All you need to do, is to get a withdrawal slip from the bank and then fill in the required details and your money would be paid from the foreign currency teller. I specifically recommend this.

Withdrawal from ATM

You are expected to withdraw your money from any globally connected ATM in Nigeria in the local currency or abroad in the country’s currency using ATM debit MasterCard.

Read also: How To Register For Payoneer’s Dollar MasterCard in Nigeria

That is for the guide. Now share this article to help those in search of this information.

Recommendations:

  • How To Check FCMB Account Balance on Mobile Phone
  • Steps to Withdraw Fund From Payoneer To Local Bank Account
  • Receive Google AdSense Payment with Bank Domiciliary Account
  • How To Register For Payoneer’s Dollar MasterCard in Nigeria

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    Bob Michael
    https://www.techbmc.com/
    I am also known as Mr. Believe, I profound series of solutions to challenging problems in the Field of Technology ranging from Gadgets devices to other related techy inclined information. I love Music & as such plays Guitar...

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