How to Open a Domiciliary Account at Fidelity Bank: Steps and Rates

13 October 2026 - Naira Briefing

Fidelity Bank is popular with importers and diaspora families, and its domiciliary account gives you a place to hold USD, GBP or EUR without converting to naira straight away. The opening process mirrors other banks, so pair this with our domiciliary account guide.

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What to bring

Government ID, BVN and passport photos.
Proof of address and the account-opening form.
For businesses, your incorporation documents.

Funding and the conversion rate

Inward transfers from abroad land in the dom account in their original currency. When you convert — naira in to buy dollars, or dollars out to spend naira — the bank’s rate decides the outcome. Businesses importing goods should also read paying suppliers and the Form M process. Always compare against the live USD to Naira rate.

Importer or diaspora saver? Message us — we convert naira-to-dollar both ways at a market-based rate, documented.

Converting for a dom account?

We settle naira-to-dollar both directions at a market-based rate.

Get a rate See the live USD rate

Related guides

Tools to take this further

Savings & dollar-hedge calculator

Keeping savings in naira versus converting to dollars over time.

Dollar-cost-averaging calculator

Spread naira-to-dollar conversions and smooth the average rate.

See all money tools ›