Diamond Bank Domiciliary Account Online Registration Guidelines
– Diamond Bank Domiciliary Account –
This is an account for foreign currencies, where you can receive deposits in foreign currencies before exchanging for our naira.
Diamond Bank Domiciliary Account
Opening a Dom. account in Diamond bank is quite easy but you’ll need the following requirements. Firstly, let’s look at the product features and benefits
Product Features of Diamond Bank Domiciliary Account
1. $100, £100 & Euro 100 opening balance
2. Interest rate 0.01% p.a. (above 100,000 GBP, USD, Euro)
3. A cash Handling charge of 0.5% on withdrawals
4. No minimum daily balance
5. Customized cheque book (on request)
6. No Monthly Maintenance
7. No restriction on the number of withdrawals
Benefits of Diamond Bank Domiciliary Account
1. The account is online in real-time
2. Free Financial Advisory Services
3. Earn interest (Diaspora Savings) on account balances
4. Monitor account activities at the comfort of your home or office through the internet
5. Third-party withdrawals
Requirements for Opening Diamond Bank Domiciliary Account
Though the requirements differ according to the bank’s policies, this is for Diamond Bank
a. 1 Passport Photograph
b. Proof of Identity: A notarized/sighted copy of any one (1) of the following Identification:
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‣ A valid Nigerian passport
‣ A valid International/foreign passport supported by proof of Nigerian origin (Birth certificate, expired/valid Nigerian passport or driver’s license, etc.)
‣ A valid Nigerian driver’s license
c. Proof of Residential Address: A notarized/sighted copy of any one (1) of the following:
‣ Duly filled Banker’s Confirmation
‣ Copy of utility bill issued within the last three months showing the same address as supplied.
‣ Bank/Credit statement issued within the last three months showing customer address
d. References (Diaspora Naira Current and Domiciliary accounts): Two acceptable references using either of the following options:
‣ An independent reference letter obtained from current bankers (foreign) and
‣ A signed reference form by an Attestor of Nigerian origin who maintains a current account with a Nigerian Bank
‣ Two signed reference forms by Attestors of Nigerian origin who maintain a current account with a Nigerian Bank.
e. Indemnity: Duly executed indemnity form (for Email, Fax, and Scanned Documents)
f. For Joint accounts: A notarized copy of the marriage certificate is also required along with all other necessary documents as stated above.
‣ BVN of the signatory or signatories
‣ AML risk assessment
‣ FATCA form (if the customer is residing in the USA)
How to Open Diamond Bank Domiciliary Account
If you already have the aforementioned requirements then you are ready to GO
a. Walk into any branch of the Diamond bank nearest to you
b. Walk straight to their customer service desk and tell them you wish to open a domiciliary account
c. You will be asked if you have a savings or current account already and you need to give a sincere answer.
If you don’t, they’ll open a savings or current account for you first before opening the dom. Account
d. You’ll be given a foreign currency account opening form and a specimen signature card to complete and sign.
e. You’ll be sent an SMS between 48-72 hours on your domiciliary account details.
f. Visit the bank again and make some minimum deposits to activate the account.
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CSN Team.
