Yes — GTBank can receive US dollars through a domiciliary (dom) account or via specific incoming transfer channels. Here is how it works, what the sender needs, and what to expect on fees.
Receive Dollars via a Domiciliary Account
Open a GTBank domiciliary account (domiciled in USD, GBP or EUR), provide your account details to the sender, and incoming foreign transfers are credited in the original currency without immediate naira conversion.
What the Sender Needs
- Your GTBank dom account name and number.
- GTBank's SWIFT/BIC details.
- Their sending bank's required references.
Fees and Limits
Incoming international transfers may attract fees and are subject to bank limits; confirm the current schedule. Compliance may require the source of funds for larger amounts.
Getting Dollars Out
You can hold the dollars, sell them to the bank at prevailing rates, or make foreign payments from the account.
FAQ
Do I need a separate dom account?
Yes, for holding foreign currency, it is the standard GTBank route.
How long do dollar transfers take?
Usually 1–5 business days depending on the sending bank.
Related: GTBank Abroad Transfers and GTBank Accounts.