A UBA domiciliary account lets you hold foreign currency (USD, GBP, EUR) in Nigeria. It is useful for receiving foreign income and payments. Here is how to open one.
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What You Need
- Passport photograph.
- Valid ID (NIN, international passport, driver's licence).
- Proof of address.
- Completed account-opening form.
- For some currencies/amounts, source-of-funds documentation.
How to Open It
- At a branch: visit UBA with documents and fill the dom account form.
- Online/app: some UBA accounts can add a domiciliary account digitally — check the app's account options.
What You Can Do
- Receive and hold foreign currency.
- Make withdrawals in the currency.
- Transfer/sell the currency via bank rates.
- Use for foreign bill payments.
FAQ
Is a BVN needed for a UBA dom account?
Yes, BVN is standard for all Nigerian accounts.
Can I fund my dom account with cash?
Yes, within permitted limits and subject to documentation for large amounts.
Related: Receive Dollars (GTBank) and Open a Bank Account.