Domiciliary Savings
This is a foreign currency account that gives customers the option to save in any of the three global currencies (US Dollars, Euros and GB Pounds) while earning interest.
Account Features
- Account opening balance of $50 or its equivalent in Pounds and Euros
- Up to 1% interest per annum (interest will not be forfeited when withdrawal is more than 4 times in a month)
- 0.05% is charged on cash withdrawals (Maximum amount charged here is $10)
Account Benefits
- Account opening balance of $50 or its equivalent in Pounds and Euros
- Interest earned is 1% p.a
- 05% is charged on cash withdrawals
Account Opening Requirements
- 2 passport photographs
- Valid means of identification: international passport or Driver’s license/National Identity card
- Current Utility bill (not more than 3months old) or signed tenancy agreement
- BVN
Domiciliary Current
This is a foreign currency account that gives customers the option to bank in any of the two global currencies (Euros and GB Pounds).
Account Features
- Account opening balance is the equivalent $100 in Pounds and Euros
- Access to international transfers
- Swift charge is the equivalent of 22USD in GBP & 18EUR for transfer. (If this is a discounted offer, can you rephrase)
- Transfer charge of 0.5% of principal amount
- 0.05% is charged on cash withdrawals
Account Benefits
- Account opening balance of $100 or its equivalent in Pounds and Euros
- Swift charge of 22USD, 15GBP & 18EUR for transfers
- Access to International transfer
- Transfer charge of 0.1% of principal amount (2% when cash deposits are transferred)
Account Opening Requirements
- 2 passport photographs
- Valid means of identification: international passport or Driver’s license/National Identity card
- Current Utility bill (not more than 3months old) or signed tenancy agreement
- BVN
- 2 valid references
- CIU Form – this is more of internal documentation if existing customers who want to open another account now have a different KYC details like address etc.
UnionAce
UnionAce (our dollar-denominated account) gives you the opportunity to earn up to 4% p.a on your dollar deposits. It also comes with a card that gives you the freedom to shop globally.
Account Features
- Account opening balance of $100
- Up to 4% interest rate p.a. on your dollar deposits.
- Easy payments abroad using the UnionAce MasterCard via POS and Web. No charges apply.
- Card is valid for 3 years
- Annual card maintenance of $10
Account Benefits
- Ease of payments when using UnionAce Mastercard – Daily limit of $7,500 and $4,000 on POS and Web respectively.
- Card is valid for 3 years
- Annual card Maintenance of $10
- Account opening balance of $100
- Up to 4% interest rate p.a on your dollar deposits.
- Over the counter transactions are permitted
- Discount on travel tickets from select airlines
Account Opening Requirements
- BVN
- Internal KYC documentation
- 2 valid references
- 2 passport photographs
- Valid means of identification: international passport or Driver’s license/National Identity card
- Current Utility bill (not more than 3months old) or signed tenancy agreement
