How to Open a Wema Domiciliary (DOM) Account without Visiting the Bank

Do you want to open a DOM account in Nigeria without having to visit the bank or provide a guarantor? With the Wema DOM Lite Account, you can receive as much money as you want without having to deposit any dollars. Here's how you can create a Wema DOM Lite Account in Nigeria.

Requirements to Open a Wema DOM Lite Account

To create a Wema DOM Lite Account, you will need to provide some personal information including:

• Bank Verification Number (BVN)
• A filled account opening form (online via the AlatByWema app)
• A valid ID Card (Driver's License, International Passport, National Identity Card, or Voter's Card)
• A smartphone to install the AlatByWema app
• A selfie and video of yourself.

Benefits of Wema DOM Lite Account

• Convenient channel for receiving international remittances on a regular basis.
• Safe and simple way to store and save money in foreign currency.

• No limits on the amount of money that can be transferred inward.

Features of Wema DOM Lite Account (Alat By Wema)

• No minimum opening or operational balance.
• Maximum cash withdrawal amount of $2,000 with a withdrawal fee of 0.05% of transaction value, up to $10 per transaction.
• No cash deposits are permitted.
• Access to a USD Mastercard Debit Card for online dollar payments/subscriptions and withdrawals from ATMs worldwide.
• Upgrade to Wema Domiciliary Plus with the submission of full KYC documentation.
• Ability to form foreign currency investments via a fixed deposit or USD Goals on the AlatByWema app.
• Foreign currency cash withdrawals and transfers available at all locations.

How to Create an AlatByWema Domiciliary Account

Step 1: 

• Install the AlatByWema AppDownload the AlatByWema app from the Google Playstore.
• Install the app and open it for the first time.

Step 2:

• Register for an AccountGrant the app necessary permissions.
• Click "Get Started" and proceed to the next page.
• Enter your country of residence, phone number, and email address.
• Enter your BVN, take a clear picture of your face and signature, and verify your identity.
• Enter your address information and upload a snapped copy of your ID card.
• Complete the registration process.

Step 3: 

• Create a DOM AccountAutomatically, you will receive a Wema Naira account.
• Request a card and then upgrade to a Wema DOM Lite Account by following the instructions in the app.

In conclusion, with the Wema DOM Lite Account, you can enjoy a convenient, safe, and simple way to receive and store foreign currency without having to visit the bank. Simply follow the steps above to create your account today!