See Why You Should Always Endeavour To Use Same Bank Referee In Domiciliary Account Opening

The other time, we discussed on how to open GTbank domiciliary account and one of the general requirements in opening a domiciliary account is for the account opener to supply two referees, and in such instance, they are often given 2 bank referral forms.

And the referees required are either current account holders from the same bank or current account holders from different banks entirely.

Though the requirements for opening a domiciliary account varies from one commercial bank to another but in most cases 2 referees are needed as highlighted above.

In today’s post, we are going to be giving you the perfect reason why you should always endeavour that the referee you are supplying for your domiciliary account opening are holders of current account from the same banks.

Yes, sometimes, it might not be easy for you to find 2 referrals that operate current account in your bank that will serve as your referee, but we insist that no matter how difficult it appears, you should try harder to find them other than making use of other banks current account holders.

Now, this is what mostly is going to happen to you on the course of opening a domiciliary account and you opt to supply account holders from other banks as your referee instead of going for same bank account holder;

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After you might have succeeded in opening the domiciliary account, in which you supplied 2 referral account holders from other banks, the day you will be having an incoming fund transfer maybe from abroad, you will witness unnecessary delays for the bank to process your fund, which sometimes will take unbelievable 3 month period for full processing and remitting of the fund into your account.

Ordinarily when you open a domiciliary account and if the 2 referees that you supplied are current account holders from the same bank with your domiciled domiciliary account, incoming fund transfer of such manner described above normally takes between 24hours to 48hours for processing and crediting into your account, without those unnecessary delays.

Finally, you should know by now that it is to your own great advantage  to supply same bank account holders as referee during domiciliary account opening as we believe that none of you will like your incoming funds getting trapped for 3 months before they are been made available for your access.