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.
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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.
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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
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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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See also:
1: 11 Ways to Fix Debit or Credit Card Declined Issues
2: GTBank: Domiciliary Account and International Money Transfer
3: How to Open Domiciliary Account In First Bank: Updated
4: How To Give Your Business A Competitive Edge
5: How to Open Domiciliary Account in Zenith Bank: Updated