How to Open a Domiciliary Account with Zenith Bank

April 23, 2024

How to Unblock Zenith Bank Account/ATM Card

How to Open a Domiciliary Account with Zenith Bank: One of the main financial organizations in Nigeria, Zenith Bank, offers a number of financial services, one of which is Zenith Bank domiciliary accounts. Customers can hold foreign currency deposits in these accounts, which facilitates international transactions and acts as a buffer against currency swings. Customers can store money in popular foreign currencies like US dollars, British pounds, or euros in a Zenith Bank domiciliary account, providing flexibility and ease for people and companies that conduct business or travel internationally.

The flexibility of a Zenith Bank domiciliary account to streamline foreign exchange transactions is one of its main advantages. These accounts simplify transactions by doing away with the requirement for currency translation for each transaction, whether sending or receiving money from overseas or making investments denominated in foreign currencies. Furthermore, domiciliary accounts can act as a safe haven for money, protecting it from changes in the value of the local currency and offering some stability in an unstable economic climate.

The procedure for opening a Zenith Bank domiciliary account is rather simple, but users must meet certain legal and procedural requirements. Generally, in addition to a minimum initial deposit in the desired foreign currency, individuals are required to furnish proof of address and identification, such as a passport or national ID card. Customers can conveniently and easily access their funds using a variety of channels, such as ATMs, online banking, and mobile banking, once the account has been setup.

All things considered, Zenith Bank domiciliary accounts provide a useful financial instrument for people and companies looking to effectively and safely handle their foreign exchange operations. These accounts, which offer a plethora of advantages such as ease of access, simplified international transactions, and currency diversification, are integral to Zenith Bank’s mission of delivering cutting-edge banking solutions that meet the demands of its clients in an increasingly interconnected world.

Table of Contents

Requirement for Opening a Zenith Bank Domiciliary Account

Account opening form (existing account holders with full
documentation only require a written letter or completion
of account opening form without the provision of any other
documentation).
One passport photograph of authorized signatories
Valid ID (Driver’s licence, International Passport, National Identity Card or Voter’s Identity Card)
A public utility receipt dated within the last three months
(PHCN bill, water rate bill, tenement rate, rent receipt, telephone bill, etc.)
Visitation Report (Residence).

Features and Benefits

Debit Card (USD).
Internet Banking.
Mobile banking.
Email/SMS Alerts.
Standing orders.
USD, GBP & EUR.

Available Channels with the Zenith Bank Domiciliary Account

Zenith Internet Banking.
Zenith Direct, our 24/7 telephone banking.
Zenith Mobile Banking App: 24/7 on your smart phone.
Zenith Bank ATM nationwide: free cash withdrawal.
Access your account using your Zenith Bank debit card at participating merchant stores for payment. of goods and services in Nigeria and anywhere in the world.

How to Open a Domiciliary Account with Zenith Bank Via Online Form

To open a domiciliary account with Zenith Bank, you can start by clicking on this link to download the online account opening form. Once downloaded, carefully fill out the form with accurate information. After completing the form, you’ll need to visit a Zenith Bank branch to finalise the account opening process.

During your branch visit, bring along the filled-out form and all required documents, including a valid means of identification (such as a passport, driver’s licence, or national ID card), proof of address (such as a utility bill or bank statement), and a passport-sized photograph. Additionally, be prepared to make an initial deposit in the currency of your choice, as the bank may require.

At the branch, a customer service representative or banking officer will assist you in processing the form and verifying your documents. They will guide you through any additional steps necessary to complete the account opening process. Once everything is in order, you will receive your account details, including your account number and other relevant information.

With your domiciliary account successfully opened, you can then start enjoying the benefits of international banking services offered by Zenith Bank, including foreign currency transactions, deposits, and withdrawals.

How to Open a Domiciliary Account with Zenith Bank by Visiting a Zenith Bank Branch

The procedure for opening a domiciliary account with Zenith Bank is simple and only requires a few essential steps:

Gather Necessary Documentation: Make sure you have all the required paperwork before heading to the bank. This usually consists of a passport-sized photo, evidence of address (such as a utility bill, bank statement, or residency permit), and a legitimate form of identity (such as a passport, driver’s licence, or national ID card).
Go to a Zenith Bank Branch: During business hours, find a Zenith Bank branch that is convenient for you and stop by. Inform a banking officer or customer care agent that you would like to open a domiciliary account. They will provide you with the forms you need to complete.
Complete Account Opening Forms: Make sure to accurately and completely fill out all relevant forms. Personal data, contact information, and other pertinent information might be included in this. If asked, be ready to divulge the source of funds; this is a regular operating procedure to adhere to anti-money laundering legislation.
Submit material: Please submit the completed forms together with the previously stated material, which should include your proof of address and identification documents. Additionally, the bank could need an initial deposit in the currency of your choice, like euros, British pounds, or US dollars.
Verification and Processing: The bank will process your application and verify your details when you’ve sent in all required documentation and the initial deposit. A few days could pass, depending on the workload and internal processes of the bank.
Get Your Account Details: The bank will send you your account details, which include your account number and other pertinent data, as soon as your domiciliary account is successfully opened. For simpler access to finances, you might also receive a chequebook and/or debit card connected to your domiciliary account.
Activate and Access Your Account: To activate your domiciliary account, adhere to any instructions that the bank may send you. After that, you can use it for any necessary foreign currency deposits and withdrawals, as well as international transactions.

You can quickly establish a domiciliary account with Zenith Bank and get access to a number of foreign banking services and advantages by following these instructions and submitting the necessary paperwork.

Frequently Asked Questions

Can I check my BVN online with Zenith Bank?

Yes, you can use their mobile app or the Zenith Bank Internet Banking platform to check your BVN online. Check your account settings for the BVN option.

How to Block Zenith Bank Account Using USSD Code

The code to block your Zenith Bank account is *966*911#, but there are steps you must follow carefully to block your Zenith Bank account.

Launch the dialer app on your phone.
Dial *966*911#.
Enter your account number.
Enter the phone number linked to your account.
Reply 1 (Continue)
A message will display, “Debit transactions successfully stopped on your account.”

How to Transfer Money from Zenith Bank Via USSD Code

A faster and easier way to transfer money from Zenith Bank is through the USSD code, which does not even require a data connection. Follow the steps below to transfer money from Zenith Bank.

Dial *966*Amount*Account Number# (e.g., *966*300,000*2199904456#) from your phone number, which must be the number you used to open your Zenith Bank account. Authenticate your transaction with your PIN. That’s all.

How to Download Zenith Bank Mobile App Via Google Play Store

Downloading the Zenith Bank mobile app from the Google Play Store is a convenient and straightforward process. Here’s a step-by-step guide on how to do it:

Launch the Google Play Store app on your smart phone.
On the search bar, type “Zenith Bank Mobile App”
Tap or click on install on the right side of the displayed Zenith Bank Mobile App.
Allow it to install. After installation, the app is all yours to use.