How to Open Domiciliary Account with Zenith Bank

Zenith has 2 types of domiciliary and they are:

1. Ordinary domiciliary account 

2. Cash domiciliary account 

The ordinary and cash domiciliary account are quite similar, they both allow you to conveniently carry out foreign transactions wherever you may be; along with giving you access to debit cards, internet banking, and mobile banking application to carry out transactions digitally. 

The major difference between the Zenith bank ordinary and cash domiciliary account is that the ordinary domiciliary account allows customers to transfer money from one account to another while the cash domiciliary account does not.

Another difference is that for a cash domiciliary account, you can only receive money in Dollar currency while for an ordinary domiciliary account you can receive money in Dollar, Pound, Euro and so on.

For the cash domiciliary account, you have to visit the bank to take out and take in cash from the account, transfer of money is not allowed.

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Requirement For Opening A Domiciliary Account with Zenith Bank

1. Duly filled account opening form (this will be given to you at the bank, you can also download it online, click here to download)

2. 2 recent and clear passport photographs 

3. Valid ID (Driver’s license, National ID card, Voter’s card and International Passport)

4. Utility bill within the last 3 months (Electricity, waste, water bill, e.t.c)

5. 2 current account holders as referee 

See also: How To Open First Bank Account Online

Instruction On How To Open Zenith Bank Domiciliary Account

Unfortunately, the Zenith bank domiciliary account cannot be opened online.

After all the requirements mentioned above has been met, walk into any Zenith bank branch of your choice, meet the customer care representative and tell him/her you want to open a domiciliary account.

Remember to go with the documents required of you as mentioned in the requirements above.

See also: How To Activate USSD Code For Zenith Bank

Features of Zenith Bank Domiciliary Account

1. Zero opening balance

2. Internet Banking

3. Debit Card in USD

4. Mobile banking

6. Email and SMS Alert

7. Standing orders

8. Dollar only for cash domiciliary account while for an ordinary domiciliary account is Dollar, Pound and Euro

9. Transfers are allowed for ordinary domiciliary accounts while they are not for cash domiciliary account 

See also: How To Check BVN On Zenith Bank

Frequently Asked Question (FAQ)

Question: How much does it cost to open a domiciliary account with Zenith bank?

Answer: Opening a domiciliary account with Zenith bank cost zero Naira, it is totally free.

Question: Can I fund my domiciliary account with Naira?

Answer: No, you can’t fund your domiciliary account with Naira, you can only fund it with foreign currencies like Euro, Pounds, Dollar, e.t.c

Originally posted on September 2, 2021 @ 4:29 pm