How to send and receive money abroad from Nigeria

Have you ever found it difficult to send money urgently to a loved one staying abroad? Or are you staying abroad and have found it difficult to receive the money that was sent to you from Nigeria? If your answer no to both questions, then you are in the right place. Technology has made life easy for humanity, all you need to do is use it effectively. So in this post, we are going to be telling you the best ways in which you can send and receive money in Nigeria. Money is sensitive so pay careful attention.

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Using MoneyGram

MoneyGram International is one of the top global payment platforms in the world. It is present in over 200 nations in the world and operates from over 300,000 locations. With agents all over Nigeria in the major urban centers, Moneygram is one of the easiest money transfers services to use. To send money through MoneyGram, all you will need to do is visit an agent closest to you to know the cost of transferring the money. Then, visit the agent and make sure you go along with a source of identification. You will be given a form, fill out the request forms, and give details of the recipient’s name, bank, as well as the amount to be transferred. Once you have filled the form, hand it over to the agent with the amount of money you wish to send. The bank will help with converting the naira sum into the destination currency based dollar to naira exchange rates. Afterward, the agent will give you a receipt and a reference number for the transaction. Ensure you keep them safe because the recipient cannot collect the money without the reference number. Finally, contact the recipient, tell him or her money has been sent and then give them the reference number.

To receive the money, all you will need to do is visit a MoneyGram agent closest to you and give the reference number. You will be required to fill a “receive” form and give an identification document. The agent will verify the details in the form plus your identification. If everything is in order then you will be given your money in Naira.

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Using Western Union

The Western Union is a credible, popular and reliable Money Transfer platform. There are presently 5,000 Western Union outlets in Nigeria, working with 22 licensed commercial Nigerian banks and over 900 Microfinance banks. To send money to Nigeria, all you need to do is follow this 4 easy steps

  • Create an online account
  • Choose a favorable money transfer service
  • Enter the recipient and the payment information as required and
  • Then confirm identity and money transfer details.

You can receive your money with Western Union in three different ways. You can decide to Visit an agent near you with your government issued ID and give your tracking number to the agent. Then, your tracking number and ID will be verified and your money will be provided to you. Also, you can choose to receive your money through the Western Union prepaid card. This will require you to have a Western Union Prepaid Card. You can load your money transfer onto your Prepaid Card by calling the number on the back of your card or logging into your card account online. Finally, you can choose the option of receiving your money directly into your Nigerian bank account. You can also send and receive money abroad using Domiciliary Account.

Author: BF

light sleeper, heavy dreamer.

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