The FirstDom Plus Account is a service provided by Firstbank of Nigeria to enable customers make foreign transaction irrespective of their location at the moment of need. These offer is only obtainable by customers who operate on domiciliary account with the bank and has balance of about $5, 000 and above. There lots of amazing interest attached to these offer which attracts most customers to take part in it, especially the reduced bank charges.
Reasons why Customers choose these Account
- Account is operated with a specialized non-clearing cheque book
- No charges on over-the-counter cash withdrawals
- Foreign draft issuance is allowed on the account
- Transfer charges on account as low as 0.25% flat
NOTE: Only individuals and corporates enterprises are allowed to open the account.
Necessary Documents Needed to FirstDom Plus Account
- Utility Bill, e.g. NEPA, NITEL Bill, etc
- Two recent passport photographs
- Individual Account Opening Form
- National I.D. Card (Original to be sighted)
- Valid means of identification e.g. International Passport , Driver’s License or Completed Specimen Signature card
FAQs about FirstDom Plus Account
1) What is the interest rate applicable on First Dom Plus Account?
- Applicable interest rates are based on deposit buckets as follows:
$5,000 – $9,999 at 0.50% per annum
$10,000 – $49,999 at 0.75% per annum
$50,000 – $99,999 at 1.00% per annum
$100,000 – Above at 2.00% per annum
2) Who is eligible to open FirstDom Plus account?
- Individuals and corporate organisations
3) Apart from the higher interest paid on this account, are there other benefits available when I open this account?
- Yes. Any cash withdrawal on the account is free of charge.
Withdrawals from any FirstBank branch are allowed.
Account holders with balances $30,000 and above pay ≤ 0.25% transfer charges.
4) How can I open this account?
- Simply visit any FirstBank branch nearest to you.
5) Is First Dom Plus the same thing as your Domiciliary Account?
- They are two different accounts with different features and benefits.
6) How much do I need to open this account?
- The minimum opening/operating balance for this account in 3 major currencies are: $5,000.00; €5, 000.00; £3, 000.00
7) Will I still retain my account number when I migrate to the FirstDom Plus Account?
- Your account number will be changed because the two products are different
8) Can I migrate my existing domiciliary account to FirstDom Plus Account?
- Yes you can, as long as you are able to increase your existing balance to the minimum opening balance.