Banking in Nigeria
Best banks in Nigeria for expats & digital nomads
Opening a bank account is one of the first things you do after moving to Nigeria. Here are the accounts that work for newcomers and non-residents, plus the fintech we would set up before you fly.
How to open a bank account in Nigeria
Opening requires a Bank Verification Number (BVN) plus a valid ID, passport photos, proof of address, two references and (for foreigners) a residence permit; domiciliary accounts let you hold USD/GBP/EUR and start from about a $100 deposit. Nigerians abroad can now open remotely through the Non-Resident BVN (NRBVN) platform, and at least one branch visit is usually needed for KYC on local accounts.
Top banks in Nigeria
Guaranty Trust Bank (GTBank)
traditionalWell-regarded app and USD/GBP/EUR domiciliary accounts; runs a Non-Resident Nigerian (NRN) service.
Zenith Bank
traditionalOffers USD/GBP/EUR domiciliary accounts (zero opening balance) with USD debit cards.
Access Bank
traditionalDomiciliary accounts in USD/GBP/EUR/JPY; supports remote diaspora opening via the NRBVN (non-resident BVN) platform.
United Bank for Africa (UBA)
traditionalOperations across ~20 African countries plus the US and UK; domiciliary accounts and diaspora services.
First Bank of Nigeria
traditionalDomiciliary accounts in USD/GBP/EUR; large legacy retail network.
Standard Chartered Nigeria
traditionalDomiciliary accounts for individuals, residents and non-residents; digital onboarding and international connectivity.
International accounts & neobanks
Nigeria is not on Wise's hold-a-balance list; Wise can send money to Nigerian accounts but residents cannot hold an NGN balance with Wise.
Very widely used by Nigerian freelancers/businesses to receive USD/EUR/GBP and withdraw to a local bank.
Availability changes; confirm on each provider's site.
Next steps in Nigeria
See the full Nigeria tax, cost and visa profile, or compare Nigeria with other destinations. Not sure where to go yet? Take the finder quiz.