Transparent & Digital NIGERIA : Nigeria in Diasporas Can Now Operate Bank Accounts in Nigeria

https://youtu.be/p95OJilBehY?si=U8Lss7SilP_BtLNR

A Non-resident Nigerian (NRN) account is a bank account that allows Nigerians living abroad to access banking services in Nigerian banks.

NRN accounts are offered by some Nigerian banks and allow account holders to open and operate accounts from anywhere in the world.

*Services Render by NRN Accounts*

1. Savings and current accounts,

2. eBanking services

3. Investment in money market instruments without need for brokers.

*What you can do with an NRN Account*

*Remit foreign earnings:* Send money from abroad to Nigeria

*Manage funds:* Keep money in local and foreign currencies

*Invest in assets:* Buy assets in Nigeria in local or foreign currency

*Make transactions:* Use a debit card for online payments, ATM withdrawals, and POS purchases

*Limitations*

NRN Accounts can't be used to receive payments from others.

Only the owner can load and spend from the account.

*Banks that Offer NRN Accounts*

GTBank, Access Bank, UBA, Union Bank of Nigeria, Zenith, Firstbank.

*How to Apply*

Nigerians living in Diasporas can open bank accounts in Nigeria by:

• apply online from anywhere in the world,

• from the comfort of their home.

*Requirements for NRN Account*

Requirements for each bank varies but the list below is more than sufficient to open NRN accounts in any of the banks

1. BVN (Diasporas Without BVN see below)

2. Scancopy of Nigerian ID (NIN or International Passport - regardless of whether expired or not)

3. Completed account opening form

4. Notarized foreign ID

5. Proof of address: water bills, power bills, or lease agreements.

6. Proof of source of funds

7. Passport photo

8. Reference letter

*Diasporas Without BVN*

Nigerians living abroad can register for a Bank Verification Number (BVN) online through the Non-resident Bank Verification Number (NRBVN).

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