In an increasingly dollar-dominated economy, having a USD Bank account in Nigeria is no longer a luxury—it’s a necessity, especially for freelancers, remote workers, business owners, and international travelers. Whether you're receiving payments from abroad, saving in a stable currency, or simply trying to hedge against Naira volatility, a USD account offers both convenience and financial flexibility. 

Best Banks in Nigeria for USD Accounts 

Let’s break down the best options available and what makes each bank stand out when it comes to domiciliary USD accounts. 

 

1. Guaranty Trust Bank (GTBank) — Best Overall for USD Accounts 

Why GTBank Tops the List 

GTBank remains one of the most trusted names in Nigeria’s banking landscape, and their USD domiciliary account reflects that reputation. The bank offers a seamless onboarding process and one of the most accessible digital platforms. 

Key Features: 

• No monthly maintenance fees 

• Swift account opening (with or without existing GTB Naira account) 

• Internet banking and mobile app support 

• USD cash deposit and withdrawals allowed 

• Accepts inflow from international platforms like Payoneer and SWIFT 

What Users Love: 

“Their mobile banking app is a game changer when it comes to tracking and managing foreign currency transactions.” 

 

2. Zenith Bank — Best for Business Owners and High Net-Worth Individuals 

Why Zenith Bank Stands Out 

Zenith Bank offers highly structured USD accounts tailored to individuals and corporate entities. Their high limits and superior customer service make them an ideal choice for business professionals. 

Key Features: 

• Dedicated account managers for high-value customers 

• Reliable and quick international wire transfers 

• High daily withdrawal limits 

• Integration with major payment processors 

• Strong fraud protection and alerts 

What to Watch Out For: 

• Slightly higher documentation requirements 

• Higher transaction fees compared to other banks 

 

3. First Bank of Nigeria — Best for Reliability and Branch Access 

Why First Bank Makes the Cut 

With a wide network of branches across Nigeria and a longstanding reputation, First Bank is perfect for individuals who prefer traditional banking services along with a decent USD account option. 

Key Features: 

• Widely available branch network for cash deposits/withdrawals 

• Accepts international transfers with minimal delays 

• No minimum opening balance 

• Physical debit card (on request) 

Drawbacks: 

• Outdated mobile app interface 

• Slower customer service response time online 

 

Conclusion:  

Choosing the right Buy & Sell Giftcards in Nigeria largely depends on your individual needs. If you want the best all-around option, GTBank is hard to beat. For high-volume businesses or international traders, Zenith Bank offers the most robust features. And if reliability and branch accessibility matter most, First Bank is a safe and secure choice. 

Regardless of your choice, having a USD account in Nigeria opens a world of financial possibilities—from saving in a stable currency to receiving international payments with ease. Always compare fees, services, and digital access before settling on a provider.