WEMA Domiciliary Lite Account

• Zero minimum opening and operating balance
• Maximum cash withdrawal limit of $2,000
• Withdrawal charge of 0.05% of transaction value but not more than $10 per transaction.
• No cash deposits allowed
• Access to USD Mastercard Debit Card for online dollar payments/subscriptions and withdrawal at ATMs abroad.
• Available for upgrade to Wema Domiciliary Plus with the provision of full KYC documents.
• Enables creation of investment in foreign currency through a fixed deposit or USD Goals on ALAT by Wema app.

• Foreign currency cash withdrawal and transfers at any of our branches.

•  Account available for upgrade to Non-export Domiciliary account or Domiciliary Plus account to enable foreign currency cash deposit with provision of 2 suitable references and utility bill.

• Convenient channel for regular receipt of international remittance
• Secure and easy way to store funds and save in foreign currency
• No restriction on amount of inward transfers

• Filled account opening form
• BVN
• Valid ID Card (International Passport, Driver’s License, National Identity Card, Voter’s Card)
• Passport Photograph

Dom Lite requires zero minimum opening and operating amount.

Account can be opened in a branch or via the ALAT App.

BVN, Passport photograph, and valid means of ID. These documents must also have been uploaded to your Alat account to open in-App.

Maximum cash withdrawal limit is $2,000

No, cash deposits are not allowed. You may however, upgrade to a Dom Plus account by providing 2 verifiable references and utility bill so you can make cash deposits.

You can fund your account through any of these means:

• Receipt of international funds transfer e.g. Western Union, Ria, etc. directly into the account by providing your Dom Lite account number at the pay outlet.
• Receipt of local foreign currency transfer.
• Receipt of international wire transfer from a foreign bank account.

A: Yes, a minimum cash withdrawal charge of 0.05% of the withdrawal amount applies.