This is a Domiciliary Account that allows you to carry out all your foreign currency transactions in USD, GBP, and Euro with an interest incentive. Account can be opened by individuals and non-individuals.
Ready To Open A Domiciliary Plus Account?
Start transacting in US dollars, Pounds, or euros from the comfort of your home
Features of WEMA Domiciliary Plus Account
features
Features
- Minimum opening balance of 100 USD, GBP, or Euro for individuals or 150 USD, GBP, or Euro for business entities.
- Issuance of foreign currency (USD) Debit Card on customer’s request. Available to single signatory non-individual accounts.
- No 3rd party withdrawals allowed.
- Withdrawal charge of 0.05% of transaction value but not more than $10 per transaction.
- Maximum of 4 withdrawals per month to qualify for interest payment.
- Interest payment of up to 0.5% p.a. applicable to accounts with balance of $10,000 and above.
Benefits
Benefits
- Competitive interest rate.
- Enables customers to save in foreign currency with secure and easy access to funds.
- Enables creation of investment in foreign currency through a fixed deposit or USD Goals on ALAT by Wema app.
- Supports the use of WEMA USD Debit Cards for ATM, POS, Mobile, and Internet transactions.
- Transaction alerts through SMS and/or email.
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Foreign currency cash withdrawal and transfers at any of our branches.
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Receive international transfers and remittance directly to your account.
- Enable customers to save without fear of inflation.
- Free SWIFT transfer inward charges
Documentation
Documentation
- Duly completed account opening form including signature mandate card
- BVN
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Valid means of identification: International Passport, Drivers’ License
- 1 Passport Photograph
- Copy of a utility bill (water, electricity, waste or telephone) issued within the last 3 months
- Two references
- Address Verification
Ready To Open A Domiciliary Plus Account?
Start transacting in US dollars, Pounds, or euros from the comfort of your home