Guaranty Trust Bank is a Nigerian bank with several financial products and services. It is probably the most used bank in Nigeria especially amidst students. It was established in 1990 and has extended her services to other African countries. It is fondly called GTBank or GTB.

 

In this piece we shall take a look at the GTBank domiciliary account. We shall take a close look at what it means, requirements needed for one, how to open one, fund it and the transaction charges. At the end of this article, you will be able to know all about the GTBank domiciliary account.

 

A domiciliary account is a bank account opened in a particular country which is able to operate other currencies of the world. For instance, you can open a domiciliary account in Nigeria which is able to transact in dollars, pounds, euro, yen etc. The money in the account will be calculated based on the prevailing exchange rate. This type of account that is opened in a GTBank is called GTBank domiciliary account.

 

Requirements For GTBank Domiciliary Account

Below are the things you need to supply before you can open a GTBank domiciliary account;

  1. A valid means of identification such as a driver’s license, voter’s card, national ID, international passport etc.
  2. Two (2) recently taken passport photographs
  3. Photocopies of not less than previous three months utility bills such as water bill, PHCN bill, mobile usage bill, cable TV bill etc.
  4. Two (2) referees who uses current account preferably GTBank current account.
  5. A minimum opening balance of a hundred dollars ($100).

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How To Open The GTBank Domiciliary Account

Once you have all the above requirements, simply visit any GTBank branch close to you. Navigate to the customer service desk, make your intention known and you will be offered forms to fill. Fill the forms with your referees. If you want the account to be opened within two (2) days, ensure your referees are GTBank account holders. After you submit the forms, the account will be opened and you will get a notification SMS. After this, you can now pay $100 into the new account to activate it. With this account, you can now send and receive money from abroad without any problem. If you are into international business such importation of goods, freelance writing etc you need this type of account.

 

 

How To Fund The GTBank Domiciliary Account

The GTBank domiciliary bank account once opened can be funded in a number of ways which include;

  1. Through direct bank deposit
  2. Through lodging of foreign currency cheque
  3. Through cash inflow
  4. Through traveller’s cheque

 

 

Charges On The GTBank Domiciliary Account

It might be interesting to know how much you will be spending on your account. Be aware before you open one. For both inward foreign currency transfers and cash lodgement, there are no charges attached. Commission on cash withdrawal is 0.5% of the amount transacted with 5% value added tax (VAT) fee.

For further enquiry, please call +234700482666328 or forward an enquiry email to enquiries@gtbank.com

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