how-to open dollar account in gtbank nigeria

how-to open dollar account in gtbank nigeria

As a Nigerian, having a bank account is essential for financial stability and security. One of the most popular and reliable banks in Nigeria is Guaranty Trust Bank (GTB). If you are looking to open a dollar account with GTB, this article is for you.

A dollar account is a bank account that allows you to save, withdraw and transact in dollars. This is an ideal account for individuals or businesses that need to make transactions in dollars.

how-to open dollar account in gtbank nigeria

In this post, we will be taking you through the steps on how to open a dollar account with GTB Nigeria.

Step 1: Gather required documents

Before you open a dollar account with GTB, you need to gather all the required documents. These documents include:

  • A completed account opening form
  • Two passport-sized photographs
  • Proof of identity (International passport, National ID card or Driver’s license)
  • Utility bill (PHCN, Water or Waste) to serve as proof of address

Step 2: Visit a GTB branch

Once you have gathered all the required documents, you need to visit the nearest GTB branch to you. At the branch, you will be asked to fill out the account opening form. After filling out the form, you will be required to submit all the required documents.

Step 3: Wait for account activation

After submitting the required documents, GTB will verify the information and activate your account. This process usually takes between 2 to 3 working days.

Step 4: Fund your account

After your account has been activated, you can now fund your account. You can fund your account through bank transfers, cash deposit or cheque deposit.

Step 5: Start using your account

Your GTB dollar account is now ready for use. You can make transactions, save and withdraw money in dollars.

In conclusion, opening a dollar account with GTB Nigeria is a simple and straightforward process. With the steps outlined above, you can open a dollar account with GTB in no time. Having a dollar account gives you the flexibility to transact in dollars and saves you the hassle of having to constantly exchange currency.

Requirements for opening a GTB domiciliary account

To open a domiciliary account with Guaranty Trust Bank (GTB) in Nigeria, the following requirements are necessary:

  1. Completed Account Opening Form: You will need to fill out a form provided by GTB and provide information such as your name, address, phone number, and other personal details.
  2. Two passport-sized photographs: You will be required to provide two recent passport-sized photographs.
  3. Proof of Identity: You will need to provide a valid form of identification such as an international passport, national ID card, or driver’s license.
  4. Proof of Address: This could be a recent utility bill (PHCN, water, or waste) that bears your name and address.
  5. Initial deposit: GTB requires a minimum initial deposit to open a domiciliary account. The amount varies depending on the type of account you want to open.
  6. Signature card: GTB will provide you with a signature card that you need to sign and return to the bank.
  7. Reference letter: Some branches may require a reference letter from your employer, a professional associate, or a known person.

It is important to note that these requirements may vary from one GTB branch to another, so it is advisable to confirm with the bank before proceeding to open a domiciliary account.



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