How to Open Domiciliary Account in FCMB

By Editorial Team Last updated Sep 27, 2023

How to Open Domiciliary Account with FCMB

This is a foreign currency account with lower operating limits. Domiciliary Savings Account is for those who want to start saving in foreign currencies.

The Domiciliary account is designed to help develop savings habits in foreign currency for people who regularly receive or need to make payments in United States Dollars (USD), British Pound Sterling (GBP), and European euros.

The benefits and features of a Domiciliary Savings Account at FCMB

Opening balance of 60 GBP, 100 USD, 70 EUROS – compare with other local banks who have minimum account opening balance of $100, 100 DBP, and 100 Euros.
The Domiciliary Savings Account at FCMB is an Interest bearing account. This interest is forfeited once there are more than 3 withdrawals in a month.
The account holder only uses a serialized non-clearing Cheque-type withdrawal booklet for making a withdrawal.
The Domiciliary Savings Account at FCMB allows for Foreign Currency Salary payments and cash lodgment.
Domiciliary Savings Account at FCMB can be operated either as an individual or a joint account
No charge for cash withdrawal from the Domiciliary Savings Account.
Domiciliary Savings Account also offers Issuance of foreign currency-denominated drafts
It also offers free E-mail transaction notifications
Also, it offers free monthly electronic statements
Domiciliary Savings Account Access to a Debit card to operate your account

The requirements to open Domiciliary Savings Account at FCMB

To open a Domiciliary Savings Account at FCMB, you need the following:

Completed account opening form
1 passport photograph with a plain background
For you to be eligible to open Domiciliary Savings Account, you must be a minimum of 18 years old and provide either of the following: A voter’s Card or Passport National ID card, a Resident Permit (for immigrants), or a Driver’s License.
Also, you have to provide address verification. For instance, recent bank statements, utility bills, local authority tax bills, etc.

How to Fund Your Account at FCMB

Funding of Account via Wire/SWIFT Transfer

To fund your account using a transfer, use the appropriate CITI Bank details below:

Currency: USD

Correspondent Bank: CITIBANK, New York, USA
399 Park Avenue, New York, NY10043. The U.S.A.
Swift Code: CITIUS33XXX
Beneficiary Bank: First City Monument Bank Ltd
Swift Code: FCMBNGLAXXX
Account Number: 36887918
Beneficiary Name: Your Name
Account Number: Your account number with FCMB

Currency: GBP

Correspondent Bank: CITIBANK, London, UK
Citigroup Centre, Canada Square, Canary Wharf, London E14 5LB
Swift Code: CITIGB2LXXX
Beneficiary Bank: First City Monument Bank Ltd,
Swift Code: FCMBNGLAXXX
Account Number: 11871706
IBAN: GB08CITI18500811871706
Beneficiary Name: Your Name
Account number: Your account number with FCMB

Currency: Euro

Correspondent Bank: CITIBANK, London, UK Citigroup Centre, Canada Square, Canary Wharf, London E14 5LB
Swift Code: CITIGB2LXXX
Beneficiary Bank: First City Monument Bank Ltd,
Swift Code: FCMBNGLAXXX
Account Number: 11871684 IBAN: GB20CITI18500811871684
Beneficiary Name: Your Name
Account number: Your account number with FCMB

Visit the FCMB website to learn more about How to Open Domiciliary Account with FCMB.

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