Do you understand what a domiciliary account is? So, let me tell you what it is and how it works.
A domiciliary account is a type of account that allows a person to receive direct foreign currency and make international payments.
This account can be funded with pounds, euros, or even dollars, and the fees for this type of wire transfer can be quite high.
To learn more about a UBA Gold MasterCard debit card for a domiciliary account, take your time and read through this article.
THE UBA GOLD MASTERCARD DEBIT CARD FOR NIGERIA’S DOMICILIARY ACCOUNT
You can access your money anywhere in the world with the UBA Gold MasterCard debit card for a domiciliary account by making purchases over the internet anywhere MasterCard or maestro is displayed.
This card is linked to the cardholder’s home account rather than a naira current or savings account.
Transactions for the domiciliary account made with the UBA gold MasterCard debit card are debited from the cardholder’s pounds, euros, or dollars account, depending on the currency in which the money is completed.
This card is accepted everywhere MasterCard is accepted, and you should carry it with you wherever you go.
You’ll also need an active pound, dollar, or euro domiciliary account to get the UBA Gold MasterCard debit card.
The transaction limit for the UBA Gold MasterCard debit card for the domiciliary account is listed below:
|TRANSACTION LIMITS||Dollar (USD)||Pounds (GBP)||Euro (EUR)|
|The maximum amount you can withdraw from an ATM within 24 hours||2,000||1,200||1,500|
|The maximum amount you can spend on a POS within 24 hours||10,000||6,000||7,00|
The validity of this UBA Gold MasterCard debit card for a domiciliary account is three years from the date of issue.
You can move money from one UBA account to another or even to another bank.
A new card costs ten dollars, seven pounds, or seven euros, plus VAT.
The following are the prices for replacing a lost, damaged, or expired one: 10 USD, 7 GBP, and 7 EUR plus VAT tax.
The annual maintenance fee is only ten dollars, twenty pounds, and twenty euros, plus VAT tax.
IN NIGERIA, WHO IS ELIGIBLE FOR A UBA DOMICILIARY ACCOUNT?
Anyone can open and own a domiciliary account, as well as the UBA Gold MasterCard debit card associated with it.