Frequently Asked Questions on DOMICILIARY LITE Account
Q: How much do I need to open a Dom Lite Account?
A: Dom Lite requires zero minimum opening and operating amount.
Q: How can I open a Dom Lite Account?
A: Account can be opened in a branch or via the ALAT App.
Q: What documents do I need to provide?
A: BVN, Passport photograph, and valid means of ID. These documents must also have been uploaded to your Alat account to open in-App.
Q: What’s the maximum amount I can withdraw daily?
A: Maximum cash withdrawal limit is $2,000
Q: Can I make cash deposit to my Dom Lite account?
A: No, cash deposits are not allowed. You may however, upgrade to a Dom Plus account by providing 2 verifiable references and utility bill so you can make cash deposits.
Q: What channels are available for funding my Dom Lite account?
A: You can fund your account through any of these means:
- Receipt of international funds transfer e.g. Western Union, Ria, etc. directly into the account by providing your Dom Lite account number at the pay outlet.
- Receipt of local foreign currency transfer.
- Receipt of international wire transfer from a foreign bank account.
Q: Do I pay charges for withdrawing from my Dom Lite account?
A: Yes, a minimum cash withdrawal charge of 0.05% of the withdrawal amount applies.
Q: Can I request for a debit card on my Dom Lite account?
A: Mastercard Dollar-denominated debit card can be requested for. The card enables online transactions and withdrawal at foreign ATMs. Card request fee is $3 and annual maintenance fee is $10.