How to Open a First Bank Domiciliary Account

This is a primary domiciliary account in First Bank. With the Primary Dom account, you can save money in dollars, euros, pounds, and CFA. The minimum opening and operating balance is 100 dollars, 100 euros, 50 pounds, and CFA 10,000.

This type of account is targeted for long-term savings by potential customers. The minimum opening balance is 5,000 and above across all currencies, i.e., dollars, pounds, and euros. The advantage of having this type of account is that there are no charges for cash withdrawals. Additionally, transfer charges are as low as 0.25%.

When you open and operate a domiciliary account with First Bank, the charges are significantly reduced for transfers. Also, withdrawals are completely free of charge.

As the account opening and operating balance are on the high side, the FirstDom account offers compelling interest rates. This makes it easy for you, especially if you are saving for the future.

A specialized chequebook is available for any of these two types of domiciliary accounts you choose to operate.

There is currently no limit for the number of withdrawals in your domiciliary account. This will permit you to make transactions seamlessly.

It is nothing short of devastating to start hearing stories when it comes to the safety of your domiciliary account. Going to a bank that has been in existence for a long time is your best chance to avoid that.

This can include an international passport, a national ID card, or a driver’s license.

A recent utility bill, which can be a water or waste bill, is needed to verify your residential address.

For identification purposes, you will need to provide two passport-size photographs.

You will need to fill out an individual account opening form with your details. This will include a completed specimen signature. This is for easy identification whenever you walk into a First Bank branch to make a transaction.

You will also need to provide the details of two satisfactory references. These references will be verified by the bank before concluding the account opening process. 

Visit with the required documents listed above and meet the customer service or account officer. Discuss the account types and which one is best suited for you.

In this form, you will fill out your personal details, such as your name, address, and so on. Also fill out the spaces for ATM or internet banking requests so you don’t have to do that separately.

Ensure all the documents are complete and vetted by an account officer, and ask relevant questions as needed. You will also need to make a deposit for the minimum opening.

Charges can vary from one bank to another. So, you need to inquire about and understand the charges for the transactions you plan to make on the domiciliary account. This will help you navigate the account-opening process easily.

You will be notified via text message when your account is opened and fully functional.