In a global economy, receiving foreign currency like U.S. dollars (USD) is becoming more common—especially for Nigerians working abroad or doing international business. If you’re wondering whether Keystone Bank can receive dollars and how to do it securely, you’re in the right place.
In this article, we’ll explain how Keystone Bank handles dollar transfers, the requirements, and how this relates to services like Transfer Keystone to USSD, which makes everyday transactions easier—even though USSD is primarily used for local currency.
Does Keystone Bank Accept Dollar Transfers?
Yes, Keystone Bank can receive international money transfers in U.S. dollars. You can get foreign currency remittances through various channels, including:
- SWIFT transfers from overseas banks
- International money transfer services (like Western Union, MoneyGram, and Ria)
- Domiciliary accounts that hold dollars, euros, or pounds
This makes it convenient for Nigerians abroad to send money home directly into dollar accounts or to be received in USD cash.
How to Receive Dollars in Keystone Bank
Here’s a simple step-by-step guide to receive money in dollars through Keystone Bank:
Step 1: Open a Domiciliary Account
To receive USD directly, you’ll need a Keystone Bank domiciliary account. This is a foreign currency account that lets you hold and withdraw in dollars.
Requirements include:
- Valid ID (International Passport, NIN, Driver’s License, etc.)
- Passport photograph
- Utility bill
- Minimum opening balance (varies by branch)
- Two references (current account holders)
Step 2: Share Your Banking Details
Provide the sender with:
- Your domiciliary account number
- Keystone Bank’s SWIFT code: KEYT NGLA
- Your full name as registered on the account
- Bank address (you can use the branch you opened the account with)
Step 3: Track and Confirm Receipt
Once the money is sent, it may take 1–3 business days for the funds to arrive. Keystone Bank will notify you, or you can visit the branch or call customer support to confirm.
What About Transfer Keystone to USSD?
While USSD banking is commonly used for naira transactions, many users still search for “Transfer Keystone to USSD” to manage all types of funds. It’s important to note:
- USSD code *7111# is for local (naira) transfers, bill payments, and airtime.
- Dollar transactions, including receiving USD, must go through a domiciliary account or international transfer service.
- USSD can help you monitor your naira account that received converted funds from dollars (if not held in dom account).
👉Related : How to Withdraw Tangem Without Card
Tips for Secure Dollar Transfers
- Double-check your SWIFT and bank details to avoid failed transfers
- Use trusted international money transfer services
- Confirm exchange rates and fees if the money is converted to naira
- For large transfers, always notify your bank in advan
Need help? Contact us for instant assistance regarding this situation. We’ll guide you step-by-step to receive your dollars securely.
Frequently Asked Questions (FAQs)
1. Can I receive dollars into my regular Keystone naira account?
Not directly. If someone sends USD to your naira account, it may be converted to naira at the bank’s prevailing rate. For full dollar receipt, use a domiciliary account.
2. How do I open a domiciliary account at Keystone Bank?
Visit any Keystone Bank branch with your valid ID, utility bill, passport photo, and references. Fill out the domiciliary account form and meet the minimum opening balance.
3. Can I withdraw dollars in cash from Keystone Bank?
Yes, if you have a domiciliary account, you can withdraw USD in cash or transfer to another domiciliary account.
Conclusion
Yes, Keystone Bank can receive dollars, but it’s important to use the right channels such as a domiciliary account or an approved international money transfer service. While “Transfer Keystone to USSD” is great for local naira transactions, it’s not used for receiving foreign currency.👉Read more : How to Crypto Transfer from Ledger to Tangem Wallet