How To Open UBA Domiciliary Account (2021 update)

Introduction

Are you look for information on how you can open UBA domiciliary account? Have you been swimming through bulks of unhelpful article on the internet or confused of the writeup in the bank website? In this post i will list out the requirements and procedure for opening a UBA domiciliary account. How To Open UBA Domiciliary Account – The UBA Domiciliary account is another of the best domiciliary account you can operate in Nigeria. So, either as a business man or an even, or a corporate organisation, the UBA domiciliary is structured to meet your needs. Domiciliary accounts are meant to operate in foreign currencies. We will show you how you can open this account without any issue.

Also, we will show you all the requirements you will have when you begin to operate the UBA domiciliary accounts. There are different accounts and there are also different requirements for each and every one of them.

How To Open UBA Domiciliary Account & Requirements

To open a UBA Domiciliary account,

  1. You will need to visit any branch of the UBA nearest to you.
  2. Inquire of the UBA domiciliary account form.
  3. Fill the form along with the requirements and submit.
  4. Then follow every other guide you will be given by the bank.

Types Of UBA Domiciliary Account & UBA Domiciliary Account Requirements

There are different types of UBA domiciliary account. So, the requirements will be determined by the type of account you want to operate. See them below.

1. U-Care Plus Domiciliary Account

The U-Care Plus Domiciliary Account is a variant of U-care plus savings account, it is an FCY account denominated in USD, GBP, & EURO meant for parents who want to save for children’s secondary/tertiary education abroad. It is also available for students who desire to pursue their tertiary education abroad.

Requirements

  1. Valid Identification of Parent/Guardian:
    1. International Passport
    1. Driver’s License
    1. National ID card
    1. Voters ID card
  2. Two Passport photographs of Child and Parent
  3. Child’s birth certificate
  4. Address verification of the parent/guardian
  5. Two references from current account holders (if cheques & dividend warrant would be paid into the account).

Note: You can open the account now

2. Dom Advantage Account

Dom Advantage is a current or savings domiciliary account denominated in foreign currency – US Dollar, Pound Sterling, EURO etc, but operated by in Nigeria as Domiciliary Account. It is a necessary account for business, when travelling or sending money to relatives abroad and also enables customer to be paid in any foreign currency.

Requirements

  1. Valid Identification (International Passport, Driver’s License, National ID card, Voter’s card)
  2. Two Passport photographs
  3. Any Utility bill within the last three consecutive months
  4. Two satisfactory references from current account holders for Current Dom Advantage Acct.
  5. Other KYC documentation required for each target market.

Note: You can open the account now

3. Dom Advantage Plus Account

Dom Advantage Plus Account is a foreign currency (USD, GBP, and EURO) denominated account variant that is operated in Nigeria as a domiciliary account targeted at individual and organisations who desire Zero withdrawal and transfer charges while earning higher interest rates.

Also read:

Requirements For Individuals

Documentation requirements

  1. Duly completed account opening form
  2. Valid Identification Document
    1. International Passport
    1. Drivers’ license
    1. National ID
    1. Voters card
  3. Two Current Account references
  4. Utility bill within the last 3 months

Requirements For organizations

  1. Duly completed account opening form
  2. Valid Identification Document of each signatory to the account
    • International Passport
    • Drivers’ license
    • National ID
    • Voters card
  3. Two Current Account references on organization
  4. Utility bill on address of business, company or organization within the last 3months
  5. Other relevant KYC documentation require for each class of customer.

Note: You can open the account now

4. Freedom Dom Account

Freedom Domiciliary Account is a USD foreign currency account with lower operating limits, for those who want to start saving in dollars.

Requirements

  1. Completed account opening form
  2. 2 passport photographs
  3. International passport or Drivers License or National ID card or Voters Card, or Student ID card or Association ID card or Town Union ID card or Residential Estate ID card or Resident Permit (for immigrants)
  4. Address verification e.g. Utility bill, recent bank statement or local authority tax bill etc.

Note: You can open the account now

Steps to open UBA Domiciliary Account

1. You might ask to present 2 reference whom have operated Current account for at least 6 months with the bank or any other bank. Usually it is better and faster to get referees from the same bank so that confirmation will take place as early as possible.

2. Visit any UBA bank close to your location and pick up the application form
3. Fill it and submit with required documents

4. 2. Utility Bills like PHCN bill etc
5. National ID card, International Passport, Driver’s License for proper identification.
6. About $100 for minimum balance. You might be charged extra fee for MasterCard or VisaCard
7. Once done you receive your account number in less than 72 hours once all the document and reference is verified.

How to receive money USD from abroad through UNITED BANK OF AFRICA

Remittance of funds from abroad should inform their bank as followed:

Please pay: United bank of Africa UBA
Swift code: UNAFNGLA

Through: CITIBANK NEW YORK United States
SWIFT CODE: CITIUS33
ROUTING NO: 0210000321
Account NO: 36320321

For further credit:

Beneficiary account number:……………………………
Beneficiary name:…………………………………….
Beneficiary Address:………………………………….
UBA Branch:…………………………………………..

(EUR TRANSFERS)

CITIBANK LONDON

HOW TO RECEIVE MONEY (EUR) FROM ABROAD THROUGH
UNITED BANK FOR AFRICA PLC, NIGERIA

Remitters of funds from abroad should inform their bankers as follows:

Please pay: UNITED BANK FOR AFRICA PLC, NIGERIA
SWIFT CODE: UNAFNGLA
Through : CITIBANK LONDON
SWIFT CODE: CITIGB2L
ACCOUNT NUMBER: 0013664082
SORT CODE : 185008
IBAN: GB29CITI18500813664082

FOR FURTHER
CREDIT:
Beneficiary account number ……………………………………………………
Beneficiary name……………………………………………………………………..
Beneficiary address…………………………………………………………………
UBA branch………………………………………………………………………………
Payment details……………………………………………………………………….

(GBP TRANSFERS)

CITIBANK LONDON,
UNITED KINGDOM

HOW TO RECEIVE MONEY (GBP) FROM ABROAD THROUGH
UNITED BANK FOR AFRICA PLC, NIGERIA

Remitters of funds from abroad should inform their bankers as follows:

Please pay: UNITED BANK FOR AFRICA PLC, NIGERIA

SWIFT CODE: UNAFNGLA
Through : CITIBANK LONDON
SWIFT CODE: CITIGB2L
ACCOUNT NUMBER: 0013664090
SORT CODE: 185008
IBAN: GB07CITI18500813664090

FOR FURTHER CREDIT:

Beneficiary account number ……………………………………………………
Beneficiary name……………………………………………………………………..
Beneficiary address…………………………………………………………………
UBA branch………………………………………………………………………………
Payment details……………………………………………………………………….

If you have any issue or comment on the How To Open UBA Domiciliary Account, use the comment box below and we shall get to you.

Source: UBA