How to Open a Domiciliary Account at Union Bank: Steps and Rates
13 October 2026 - Naira BriefingUnion Bank is one of Nigeria’s long-established banks, and its domiciliary account offers a familiar place to hold USD, GBP or EUR. If you earn or spend in foreign currency, a dom account avoids forcing an immediate conversion — the steps follow our domiciliary account guide.
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What to bring
- Valid ID, BVN and passport photographs.
- Proof of address and the account-opening form.
- Visit a branch or start online where supported.
The conversion is the cost
As with any bank, the dom account itself does not set the FX rate — the moment you convert, the bank’s rate decides the outcome, and it can trail the market. Read how banks price FX to see the margin, and check the live USD rate so you know a fair conversion when you see one.
Need a better conversion than the counter rate? Message us — we settle naira-to-dollar both ways at a market-based rate.
Converting for a dom account?
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