Diaspora Accounts

Diaspora Banking encompasses a portfolio of products and services specially designed for Non Resident Nigerians.

Opening a UBA Diaspora Account abroad is very easy

Diaspora Banking is a unique banking service designed to meet the banking needs of Nigerians living abroad

 

Diaspora Savings Account

We have unique savings accounts for the Nigerians living abroad

  • Minimum opening balance of ₦20,000
  • Minimum operating balance of ₦20,000
  • Allows payment orders to third parties
  • Internet banking access
  • Attractive interest rate
  • E-mail/SMS alerts on account (e-mail alert is free while SMS alert is at a token)
  • Access Debit MasterCard or Visa Cards available on request
  • Option of a Nominee Resident Joint Signatory in Nigeria (eg. spouse, parent, etc)
  • Minimum opening/operating balance of ₦20,000
  • Forfeit interest after more than three withdrawals
  • E-mail/SMS alerts on account (e-mail alert is free while SMS alert is at a token)
  • Access Debit MasterCard or Visa Cards available on request and at a token

Diaspora Domiciliary Account

This is opened as Domiciliary Accounts. It is offered to corporate companies that has minimum of 51% shares holdings by Nigerian(s).
  • Opening balance of 100USD, 80EUR or 70GBP
  • Minimum operating balance of 100USD, 80EUR or 70GBP
  • Interest payable on account balance of 1000USD, 800EUR or 700GBP and above
  • Foreign cheques/instruments can be credited into the account
  • Allows third party withdrawals across the counter via non-clearing cheques
  • Withdrawal & transfer charge of 0.5% + VAT on amount withdrawn or transferred
  • Compulsory Swift communication charge of 25USD, 20EUR or 15GBP
  • E-mail/SMS alerts on account (e-mail alert is free while SMS alert is at a token
  • Access Debit MasterCard or Visa Cards available on request
  • Opening balance of 100USD, 80EUR or 70GBP
  • Minimum operating balance of 100USD, 80EUR or 70GBP
  • Interest payable on account balance of 1000USD, 800EUR or 700GBP and above
  • Withdrawal & transfer charge of 0.5% + VAT on amount withdrawn or transferred
  • Swift communication charge of 25USD, 20EUR or 15GBP

 

 

Diaspora Current Account

Take the first step towards managing your money better.
There is a UBA Current account suitable for you.

  • No minimum operating balance
  • Allows payment orders to third parties
  • Internet banking access
  • Personalized cheque booklets
  • Access Debit MasterCard or Visa Dual Currency Debit Cards available on request
  • Option of a Nominee resident Joint Signatory in Nigeria (eg. spouse, parent, etc)
  • Access to credit facilities
  • Minimum opening balance of ₦50,000
  • No minimum operating balance

Requirements

  • Completion of Domiciliary account opening form or Online account completion
  • 2 passport photographs
  • Proof of source of funds - Recent payslip, Work ID, Letter of reference from current bankers, business registration documents if self employed. For Student, Admission and registration documents from school
  • Proof of address - Utility bill not exceeding last 2 months, last 6 months bank statement
  • Proof of identification - Drivers license, International passport, Resident permit/Work permit
  • Completion of indemnity form
  • Attestation of all requisite documents by any of the following; Notary Public, Nigerian Embassy, UBA staff or Customer's bank

 

 

Benefits

  • Easy and cheaper way for home remittances for Domiciliary account holders
  • Account serves as a major savings for Domiciliary account holders
  • Access to MasterCard or Visa Dual Currency Debit Card (DCDC)
  • Check balances only; via U-Direct (for Domiciliary account)
  • Account can be used to settle payments for eligible transactions at home & abroad using UBA Direct internet banking
  • Interest Rate of 0.1% on the foreign currency denominated account and 3.6% on the Naira account
  • Free network transactions across all UBA branches in Nigeria

Fees/Charges

  • Zero charge Diaspora Banking Savings Account
  • 0.5% + VAT charge on amount withdrawn or transferred in Domiciliary Account

Interest Rates

  • Negotiable interest rate on Domiciliary Current Account
  • 4.2% pa interest payable on Savings Account
  • 0.1% pa or more interest payable on Domiciliary Account with balance of 1000USD, 800EUR or 700GBP & above

FAQs

– Customer goes online via the web link https://aop.ubagroup.com/SignUpProcess/step2disapora
– Inputs all required data filled.
– Uploads document.
– Clicks on the submit button to open Diaspora account
– Downloads the video Banking app
– Signs up and logs in
– Initiate a call to authenticate document.
– A CFC Rep, downloads the contact details of customer, and initiate the call via WhatsApp video call to validates customer details and complete the account opening process.