Open a domiciliary account for Fund VII contributions
In line with the guidelines, RSA contributors are required to open a domiciliary account (DA) with the Pension Fund Custodian’s (PFC) designated collecting bank and remit pension contributions from this account to the PFA’s foreign currency collection account with the PFC.
Accordingly, to contribute in US Dollars under the Personal Pension Plan (Fund VII), contributors must operate a domiciliary account with Zenith Bank, the appointed PFC collection bank for such contributions.
Why you need this
Easily send your dollar contributionsRemit directly from your domiciliary account to the PFA's foreign currency collection account with the PFC.
Payments received and credited correctlyEnsures contributions are properly matched, posted, and credited to your RSA without delays.
Meet processing and regulatory guidelinesRSA contributors must remit from a PFC-approved domiciliary account at the designated bank.