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How to Open Dollar Account in Nigeria

Opening a dollar account online in Nigeria typically involves the following steps. However, keep in mind that banking regulations and procedures may have changed, so it’s advisable to verify the current requirements with your chosen bank. Follow the guide on how to open a dollar account to get USD funds in Nigeria.

What is Domiciliary Account?

A domiciliary account is a type of bank account that allows you to hold and transact in foreign currencies. These accounts are typically offered by banks in countries where individuals may have a need to hold funds in currencies other than the local currency. Domiciliary accounts are commonly used for international transactions, including receiving foreign currency payments, making foreign currency purchases, and holding foreign currency savings.

Domiciliary accounts are commonly used by individuals and businesses engaged in international trade, travel, or remittances. They provide a convenient way to hold and manage funds in foreign currencies, facilitating cross-border transactions and financial activities. However, it’s essential to carefully review the terms and conditions, fees, and exchange rates associated with domiciliary accounts offered by different banks before opening an account.

A domiciliary account, also known as a dollar account, simplifies the process of accessing funds in dollars. Whether you’re a publisher, blogger, or anyone else, having such an account provides comprehensive coverage. With it, you can make online purchases without depending on virtual cards for transactions on foreign websites or digital stores.

Opening a dollar account in Nigeria is easy these days. Unlike the old way that needed a visit to the bank, you can now do it online from your home. This article will teach you how to open a dollar (USD) account online in Nigeria.

List of Banks That Allow Opening a Dollar Account Online

You can open a dollar account with some banks online, and you don’t need to go to their branch unless you want to add money to your domiciliary account. Before you open an account to get dollars in Nigeria, you’ll need to give certain documents.

  • Zenith Bank PLC
  • United Bank of Africa
  • Union Bank
  • Wema Bank

Documents Needed To Open a Dollar Account in Nigeria

To open a domiciliary (dollar) account in Nigeria, you need specific documents to ensure you are eligible to be a dollar account holder. These documents are probably familiar to you, so it shouldn’t be too challenging.

However, it’s important to note that each bank in Nigeria may have slightly different requirements, although they are generally similar. The following requirements are common and should be considered when looking to open a dollar account online with most banks in Nigeria.

To open a dollar account in Nigeria, you’ll need the following:
  • Your Bank Verification Number (BVN) will be required.
  • You need to present a recent utility bill from the last 1 to 3 months.
  • Your recent 1 or 2 passport photographs.
  • Provide a valid means of identification, such as; your International Passport, Voter’s Card, National ID, NIN Slip, or driver’s license.
  • Reference i.e. a person with a current account, either with the same bank or a different one.

I want you to know that some banks, like UBA, may not require a referee if your account won’t receive up to $10,000.

How To Open a Dollar Account Online in Nigeria (Domiciliary – USD)

If you want to know how to open a dollar account online with any of the banks listed, just follow the steps below. I’ve ensured that each bank has its own specific set of instructions.

How To Open A Dollar Account With UBA

To open a dollar account with UBA in Nigeria, follow these simple steps:

  • Go to the UBA Instant Account Opening Page using this link:
  • Click ‘Select Country,’ pick Nigeria, and then click Submit.
  • Under Account Type, choose Open With BVN, and wait for the page to load.
  • Enter your BVN, Phone Number, Email Address, and Date of Birth (Make sure it matches your BVN). Pick Freedom Savings Domiciliary under Account Type, agree to the terms, and click Next.
  • Wait for an OTP code sent to your BVN registered phone number, enter it, and move to the next page.
  • Fill in the required details on the new page and click Submit. If everything checks out, you’ll get an SMS confirming your dollar account creation after 24 hours.

How To Open A Dollar Account With Zenith Bank PLC

Opening a dollar account with Zenith Bank online is easy; you won’t face complicated steps. Just make sure you have a good PDF reader on your phone or PC.

Here’s what you need to do:

  1. Download the Zenith Bank Account Form by clicking this link:
  2. Use a PDF reader or editor on your device to fill in all the necessary details on the form.
  3. Under the Category of Account, select Domiciliary, and also mark $. Upload your passport image to the PDF file and save it.
  4. After completing the form, send it to: and wait a few days for your dollar account to be opened successfully.

How To Open A Dollar Account With Union Bank

Creating an account with Union Bank is easy, no matter what type of account you want. You can use one form to decide.

Follow these steps:

  1. Download the Account Opening Form from Union Bank’s website by clicking this link:
  2. Open the form using a PDF reader or editor, and fill in all the required details.
  3. Under “Category of Account,” choose Domiciliary and mark $. Upload your passport image to the PDF and save it.
  4. Email the completed form to: and wait a few days for your dollar account to be ready.

How To Open A Dollar Account With ALAT by Wema

Creating a dollar account with ALAT by Wema Bank is easy. Just follow these steps:

  1. Download the ALAT app on your Android or iOS device from this link for Android or iOS:
  2. Create your account and verify your details with your BVN and NIN.
  3. Once your Wema account is set up, click on “My Account” and create a domiciliary account, choosing USD as your preferred currency.
  4. Fill in the necessary information, and your dollar account will be ready in minutes. Now, you can start receiving money effortlessly.


Keep it in mind that the process and requirements may vary slightly depending on the bank you choose. It’s recommended to visit the official website of your chosen bank for the most up-to-date information on opening a dollar account online in Nigeria. Additionally, if you have any questions or concerns, you can contact the bank’s customer service for assistance.

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