Opening a bank account in Nigeria

#1 28 September 2011 09:43:18

Julien
Julien
Grand Baie

Opening a bank account in Nigeria

Hi all,

is it difficult for expats to open a bank account in Nigeria ?

Which documents are required to open a bank account in Nigeria ?

How long does it take to open it ?

Is there any restriction for expats regarding the services (loans for instance)  ?

Which bank would you recommend ?

Thanks in advance for your participation,

Julien

#3 15 December 2012 17:26:46

babyemart
babyemart
bauio city

Re: Opening a bank account in Nigeria

hi sir,i want to know if i need to pay 300 usdollar to open an private account over there in nigeria???pls help me to know it..thank you very much sir...and also i want to know what was the documents i need...i would like to know about the nigeria banking system,and i would like to know how to transfer the money over there in nigeria going here in the phillippines??

Last edited by babyemart (15 December 2012 17:40:50)

#4 27 December 2012 11:02:45

sarahlou1979

Re: Opening a bank account in Nigeria

Hi,
I would recommend GT Bank - they made the process so easy.  Usually, you can get your work to organise someone from the bank to come into your office with the relevant forms. In terms of paperwork you'll need to show your TWP, passport and sometimes they might ask for a couple of references from people who also bank with them (I got a couple of people from work to act as references) try to get everything set up at once e.g. Internet banking and foreign Dom accounts. Not sure about loans - I'd generally say no though. The process didn't take too long (less than a week) I've also heard that Standard Chartered are quite good.
Hope this helps
Sarah

Expatriate health insurance Nigeria
Free advice and quotation service to choose an expat health insurance in Nigeria.
>> Click here
Expat banking Nigeria
Discover the benefits of expat banking for people living and working abroad.
>> Click here
Moving to Nigeria
A few tips from professionals about moving to Nigeria.
>> Click here
Travel insurance Nigeria
Don't worry and travel happy across Nigeria.
>> Click here