Do you know what is meant by a domiciliary account? Well, I will explain to you what it is and how it works.
A domiciliary account is a type of account that enables an individual to receive direct foreign currencies and pay for international transactions.
This account can be funded with currencies like pounds, euros, or even dollars, and this type of wire transfer can be very high.
Take your time and read through this article to find out more about a UBA Gold MasterCard debit card for a domiciliary account.
The UBA Gold Mastercard Debit Card For Domiciliary Account In Nigeria
With the UBA Gold MasterCard debit card for a domiciliary account, you can access your money anywhere in the world by making purchases over the internet wherever there is MasterCard or maestro logo.
This card is linked with the cardholder domiciliary account and not the naira current or savings account.
The transactions performed with the UBA gold MasterCard debit card for the domiciliary account are debited from the card holder’s pounds, euros, and dollar account depending on the currency the money is completed.
This card is globally accepted where MasterCard is, and you should carry it wherever you travel in the world.
And for you to have the UBA Gold MasterCard debit card, you need to have an active pound, dollar, or euro domiciliary account.
Below is a table of the transaction limit for the UBA Gold MasterCard debit card for the domiciliary account:
|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 maximum amount you can spend on the internet within 24 hours||5,000||3,000||4,000|
This UBA Gold MasterCard debit card for a domiciliary account is valid for 3 years since the month of issue.
You can transfer funds to another UBA account or even another bank.
Getting a new card costs 10 USD, 7 GBP, and 7 EUR plus inclusive of VAT tax.
The prices for getting a lost one, damaged, or an expired one are as follows; 10 USD, 7 GBP, and 7 EUR plus inclusive of VAT tax.
The maintenance fee is only 10 USD, 20 GBP, and 20 EUR plus inclusive of VAT tax annually.
Who Is Eligible For A UBA Domiciliary Account In Nigeria
Any person can create and own the domiciliary account and own the UBA Gold MasterCard debit card for the Domiciliary account.
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This simple and easy Banking and Finance Guide Was Last Updated on 15th September 2021 by thetransfercode
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