Domiciliary Accounts​

With UBA Domiciliary accounts, you can receive and send funds in foreign currencies.

Everyone is different so one size never fits all

It is useful when travelling or sending money to relatives abroad and also enables customers to be paid in any foreign currency.

Dom Advantage Account

Dom Advantage is a current or savings domiciliary account denominated in foreign currency – US Dollar, Pound Sterling, EURO etc, but operated by in Nigeria as Domiciliary Account.
  • Minimum opening balance of $ 100, € 80 or ₤ 70 or its equivalent in other currencies Account is operated in any of the major currencies- US Dollar, GBP, Euro etc Foreign Cheques/Instruments can be credited to the account Can be used as a channel for Investments in securities and real Estate in home & abroad
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  • Valid Identification (International Passport, Driver’s License, National ID card, Voter’s card)
  • Two Passport photographs

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  • Minimum opening balance of $100, €80 or ₤70 or its equivalent in GBP, Euro etc Interest payable on account credit balance subject to a minimum balance of $1,000.00 or its equivalent

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Dom Advantage Plus Account

Dom Advantage Plus Account is a foreign currency (USD, GBP, and EURO) denominated account variant that is operated in Nigeria as a domiciliary account targeted at individual and organisations who desire Zero withdrawal and transfer charges while earning higher interest rates.
  • Minimum Opening/Operating Balance: $1,000, or €700 or ₤600
  • Withdrawal Charge : Zero charge once account balance is up to minimum operating balance
  • Transfer charge: Zero charge once account balance is up to minimum operating balance
  • Telex transfer charge (Swift communication charge): Compulsory swift communication charge of $25, €20 or ₤15 on all foreign transfers

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  • High Net-worth Individuals
  • Medium Net-worth Individuals
  • Self employed professionals

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  • Attractive Interest rate payable on account balance
  • Zero transfer charge
  • Zero withdrawal charge
  • Unlimited number of withdrawals

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Freedom Dom Account

Freedom Domiciliary Account is a USD foreign currency account with lower operating limits, for those who want to start saving in dollars.
  • Zero Opening Account Balance
  • Minimum Operating Balance of $10
  • A serialized non-clearing cheque-type withdrawal booklet used for withdrawal by account holder only
  • Interest bearing account

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  • Completed account opening form
  • 2 passport photographs
  • International passport or Drivers License or National ID card or Voters Card, or Student ID card or Association ID card or Town Union ID card or Residential Estate ID card or Resident Permit (for immigrants)

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  • Minimum Operating Balance of $10 or its equivalent
  • Maximum operating balance of $5,000 or its equivalent
  • Foreign currency cash deposits can be used to fund the account
  • Foreign currency inflows & cheques deposit are not allowed in the account

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U-Care Plus Domiciliary Account

The U-Care Plus Domiciliary Account is a variant of U-care plus savings account, it is an FCY account denominated in USD, GBP, & EURO meant for parents who want to save for children’s secondary/tertiary education abroad.

  • Valid Identification of Parent/Guardian
  • Two Passport photographs of Child and Parent
  • Child’s birth certificate
  • Address verification of the parent/guardian

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  • Withdrawals: 0.5% + VAT on amount withdrawn
  • Telex Transfer: 0.5% +VAT or US$10 or its equivalent whichever one is higher + Communication charge of US$25 or Euro 20 or £ 15
  • Draft request: 0.5% +VAT or US$10 or its equivalent whichever one is higher + communication charge of US$25 or Euro 20 or £ 15

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  • Opening balance of $100 or £70 or its equivalent.
  • Minimum operating balance of £350 or its equivalent.
  • Interest Rate of 0.1% payable on the credit balance.

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All Savings Accounts Come With

Internet Banking

Secure Transactions

Transaction Notifications

24/7 Banking

UBA Online Account

No need to visit the bank

The UBA Online Account is a unique account designed for people who desire to carry out their banking activities purely online, without visiting a bank branch.

Enjoy the flexibility of banking on the go, with our electronic channels (internet banking, mobile banking, ATM and EmailMoni) and get a 30% concession on transaction fee.