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APP Review

How to Convert Dollar to Naira Using Access Bank App

by myeduproject February 11, 2024
written by myeduproject February 11, 2024
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How to Convert Dollar to Naira Using Access Bank App

How to Convert Dollar to Naira Using Access Bank App: If you are an Access Bank customer with a Domiciliary Dollar Account and want to Convert Dollar to Naira Using the Access Bank App, this post you are reading has all you need to know, follow through till the end

The Access Bank app is not only meant for converting Dollars to Naira but for many other purposes including

Access bank domiciliary account transfer

Access bank international transfer limit

Access bank domiciliary account transfer limit

Access bank domiciliary account transfer

Access bank domiciliary account transfer charges

How to buy dollars from Access Bank

Access bank international transfer charges

Access bank international transfer details

For an Access Bank customer to convert your dollar to naira, you must first have an Access Bank domiciliary account in Nigeria, which will take us to how to open

How to Open Access Bank domiciliary (dollar) account in Nigeria

  1. Find any Local Access Bank Branch near your town, Local government, city, or state
  2. Demand a Domiciliary Account Opening form from the customer care department or unit.
  3. Fill Out the Application Form:
  4. Submit Your Documents: Provide the bank with your identification, proof of address, passport-sized photos, and the completed application form.
  5. Initial Deposit: make sure you have a minimum deposit is $100, you can source it from the black market  
  6. Signature Mandate: Your official signature for the account must be consistent and maintained
  7. Wait for Account Activation: Access Bank will activate your domiciliary account number within a few days
  8. Receive Account Details: your account number and other information will be sent via SMS.

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>Updated Bank Codes In Nigeria 2024 (New Banks Included)

The requirement to open an Access Bank domiciliary account in Nigeria

The Requirement to open an Access Bank domiciliary account in Nigeria

Passport-sized photographs

Two Referral (Garantors) with Current Account

A completed account opening form

Valid means of identification (e.g., international passport, driver’s license, national identity card).

Proof of address (utility bill, bank statement, or other official documents)

How to Convert Dollar to Naira Using Access Bank App

This topic is centered on how to convert dollar to naira on Access Bank if you have already downloaded the Access Bank app  

  1. using the Convert FX feature.
  2. Navigate to the Access Transfer.
  3. Swipe to the “Convert FX” feature (it is a new feature in the app).
  4. Check the dollar-to-naira rate today, if you are ok with it.
  5. Enter the amount of dollars you wish to convert to naira.
  6. Click on submit.

Immediately, you get debit from your dollar account and get credited to your naira account on the Access bank app.

Warning- the Access Bank exchange rate is far different from the Dollar to naira rate today on the black market. We advise you examine the rate first before converting, if you are comfortable with the bank rate, go ahead and do the conversion, otherwise use the black market for more gains

How to transfer dollars from Access Bank to Access Bank

On your Access Bank App.

Tap on the “Foreign Currency” menu.

Check if your domiciliary account is visible and the account number is the one you want to use.

Enter the amount you want to transfer.

Check on the “Beneficiary Pays the Fee”.

Enter Purpose of Transfer.

Other form fields are optional.

Enter your email to receive a receipt for the transaction.

Click Send.

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