Do you want to know how to send money abroad from Nigeria, Nationwide, online, with PayPal, through Western Union etc.? Are intending to make money transfer overseas or country outside Nigeria.
Initially, sending or transferring money from Nigeria to other countries in the world is practically impossible but with the CBN revised guidelines for International Money Transfer Services; Nigeria Banks and money transfer operators have started deploying Outbound Money Transfer Services to ease the stress of sending money abroad from Nigeria to individuals and companies outside the country.
A quick re-cap about CBN guideline on international outbound money transfers before we go into how to send money abroad from Nigeria;
- maximum limit of the outbound money transfer is US $2,000 or its equivalent per transaction, subject to periodic review by the CBN.
- currency to be given to bank and money transfer agent for an outbound transfer is in Naira.
- outward payment transaction is executed in a convertible currency agreed between the parties involve.
- currency conversion service is offered before initiation of a payment transaction or at the point of payment, the money transfer services operator must disclose all charges, as well as the exchange rate to be used for converting the payment transaction.
Now, let’s get down to how to send money abroad from Nigeria. Everything I’m going to discuss here will boil down to;
- How to send money to UK from Nigeria
- How to send money to United State from Nigeria
- How to send money to India from Nigeria
- How to send money to Cameroun from Nigeria
- How to send money to Ghana from Nigeria
- How to send money from Nigeria to South Africa
- How to transfer money from Nigeria to Philippines
- How to send money to Malaysia from Nigeria
- How to send money to Canada from Nigeria
- How to send money to China from Nigeria
- How to transfer money from Nigeria to Dubai
- How to send money to Kenya from Nigeria
- How to transfer money from Nigeria to London
- How to transfer money from Nigeria to UAE
- How to send money to USA from Nigeria
- How to transfer money abroad from Nigeria
It is easy to send money to Nigeria from other country than to send money abroad from Nigeria because almost all Nigerian banks are under the inbound money transfer services guideline as provided by CBN. Under the Inbound money transfer, an individual living abroad can send money to an individual in Nigeria without restrictions. The money transfer regulation by CBN came up as a result of the negative perception about Nigeria being a country for money laundering and others fraudulent activities.
For this very reason; many Nigerians who wish to send money to their family members, relatives, friends, make payment for conference registration and those who are into the business of importation of goods and service from other countries continue to find it difficult.
In August 2014, there is an introduction of the revised guideline for International Money Transfer Services by CBN, which allows Outbound Money Transfer services in the country. The Outbound Money Transfer is person to person international money transfer. It doesn’t matter if you have bank account here in Nigeria or in these countries as many people would say…it is the prerequisite.
In one of my earlier post, I showed you how you can transfer money from Nigeria bank account to foreign account number. Today, in this article, I will show you how to send money from Nigeria to any other Country in the world. So, you if thinking of paying for conference(s) registration or making payment abroad while in Nigeria or how to send money to UK, United State, India, Cameroun, Ghana, South Africa, Canada, Uganda, USA, Europe, Kenya, Philippines, UAE, Malaysia, Germany, Dubai, Indonesia, Jamaica, China, Pakistan, Mali etc. for international business transactions, to family member, relatives or friends; below are four best options you can use to send money abroad from Nigeria with detailed steps.
Contents
Related articles on how to send money abroad from Nigeria;
- Ria Money Transfer in Nigeria; Send Money & Receive
- (WU) How to send money through Western Union & Recent CBN Guideline
- How to send money from USA to Nigeria
- How to receive money in Nigeria from abroad & withdraw it
- CBN now license 11 international money transfer operators in Nigeria
Ways of Sending Money Abroad from Nigeria
Central Bank of Nigeria (CBN) licensed only MoneyGram and Western Union as International Money Transfer Service Operators (IMTOs) in the but I have additional three (3) other ways I have used in sending money from Nigeria to other country making it a total of five options.
Here are five (5) ways of sending money abroad from Nigeria;
- Send money abroad through Western Union
- Send money abroad through Domiciliary account
- Send money abroad with PayPal
- Send money abroad through MoneyGram
- Send money abroad online
Send Money Abroad through Western Union
There are over 5,000 Western Union outlets in Nigeria, 22 licensed banks and 905 microfinance banks. Among these banks, about 70% of them already serve as agents to Western Union but their agent service relationship is limited to provision of Inbound Money Transfer Services. However, with the new guidelines allowing provision of Outbound Money Transfer services, and the CBN licensing western union money transfer, some banks that offer inbound money transfer have started signing up as agents for Outbound Money Transfer services.
I have personally tried sending funds through many of these Nigerian banks’ Western Union money transfer service to other country but they all failed.
The only Nigerian bank I know that offers Outbound Money Transfer service through Western Union as of the time this article is written is FIRST BANK OF NIGERIA PLC. First Bank was licensed by CBN and commenced the outward sending of Naira to other countries via Western Union since September 2014.
How to send money abroad through Firstbank’s Western Union
- To send money abroad through Firstbank’s Western Union money transfer;
- Visit any Firstbank of Nigeria close to you
- Move straight to their foreign currency exchange/dispensary cahier and tell him/her you want to send money abroad from Nigeria.
- Some forms will be given to you, to fill-in the recipient’s personal information, bank account details and the amount you want to send. Fill the form properly and wherever you’re confused, ask questions.
- Standard charge/fees is approximately 16,500 naira for every $2000
Note: you don’t need to open or have bank account with Firstbank for this to be possible. Your valid Identification card- National ID card, driving license or international passport will be required. You’ll be asked to provide your receiver’s location and bank details. You’re going to be charged a variable transaction fee, fixed VAT and tax.
All currency conversion will be done by Firstbank, so no need to worry about currency exchange rates. For example; if you’re to send money to UK from Nigeria, Firstbank will help you convert your naira amount to its equivalent pound sterling (£ / GBP) before sending the money.
Sending money from Nigeria to another country through Firstbank’s western union money transfer service is very easy and simple. You can actually follow this method to send money from Nigeria to any country in the world. However, this method is best used when you want to send out small amount of money abroad because of CBN directives and guidelines.
Send Money Abroad through Domiciliary Account
With domiciliary account you can wire money abroad from Nigeria. To send money Abroad from Nigeria through a domiciliary account, you need to have or open a domiciliary account in Nigeria. If you want open a domiciliary in Nigeria, you can open a domiciliary account with Gtbank, Firstbank, Zenith bank, diamond bank or UBA.
A domiciliary account allows you save money in US Dollars, Pounds Sterling or Euro with your money valued at the prevailing exchange rate. The account will help you in your international business. It is funded through travelers’ cheques, lodgment of foreign currency cheques, cash inflows and cash deposits. Domiciliary account is the best option when sending huge/large amount of money abroad from Nigeria.
As a sample study, I will use Gtbank domiciliary account to show you how to send money from Nigeria to another country but before then let’s look at things required before sending money from Nigeria to other country through GTbank domiciliary Account
- Recipient’s bank details – these include account name, account number, name of the bank and branch name, SWIFT CODE, Routing Number.
- The money – if the money you will transfer abroad is more than what you have in your domiciliary account, you have to pay in extra money into your domiciliary account. Meanwhile, GTbank are NOT into currency conversion, therefore you have to convert the money (the naira form) to its equivalent international accepted standard currency (such as dollar, euro, or pounds sterling) before paying-in into domiciliary account. You can do this at Firstbank, black market or any other financial institutions that are into money exchange.
How to Send Money Abroad through GTBank’s Domiciliary Account
To send money to UK, United State, Cameroun, Ghana, South Africa, Uganda, USA, Canada, UAE, Malaysia, Germany, Europe, Kenya, Philippines, Dubai, Indonesia, Jamaica, China, India, Egypt, Pakistan or any country in the world through GTbank domiciliary account;
- Visit any GTbank branch nearest to you.
- Locate their customer service Reps and request that you want to transfer from your domiciliary account to another account abroad. You will be directed to the right person in charge.
- Money transfer form will be given to fill recipient’s account name, account number, name of the bank and branch name, SWIFT CODE, Routing Number, amount to be transferred and your own bank details. Fill the form and wherever you are confused, don’t hesitate to ask question.
- Submit the form and you’re done. Within 48-72hours, you receive an SMS that the money has been deducted from your Domiciliary account and transferred to the overseas account.
NOTE: “If the money you will transfer abroad is more than what you have in your domiciliary account, you have to pay in extra money into your domiciliary account. Meanwhile, GTbank are NOT into currency conversion, therefore you have to convert the money (the naira form) you will pay into your domiciliary account to its equivalent international accepted standard currency. You can do this at, black market or any other financial institutions that are into money exchange”.
Send Money Abroad with PayPal
“PayPal is one of the world’s largest online payment platforms which allow individuals and businesses to make easy international payments. It has been used over the years to pay for transactions on online platforms like Amazon, eBay, and other top e-Commerce websites. PayPal boasts of more than 100 million users worldwide”.
PayPal can be highly effective for transferring small amount of cash overseas and with a surprisingly low-cost option. But for high amount more than a few hundred dollars it is usually expensive compared to almost any other method. Mark the phrase “can be” – that is assuming your recipient has a PayPal account.
If you are to send money from Nigeria to another country through PayPal, you need a PayPal account. Some good news here is that Firstbank of Nigeria has taken the lead in providing a PayPal account services for all Nigerians. So, open a PayPal account in Nigeria through First bank online banking platform (FirstOnline).
Once you open the PayPal account with Firstbank, you are free to login into your Firstbank PayPal account through FirstOnline (first bank internet banking platform) and make your money transfer to any country you want.
But when you are not able to do so by yourself through Firstbank’s internet banking platform,
- Visit any Firstbank branch close to you and request that you want to transfer from your PayPal account to another account abroad.
- PayPal money transfer form will be given to you to fill. Fill it and submit and you’re done.
Send Money Abroad through MoneyGram
Ecobank, UBA, First Bank, Access Bank, Sterling Bank, Fidelity Bank, Skye Bank, Keystone Bank, Enterprise Bank, Mainstreet Bank, Diamond Bank and Wema Bank, among others financial institution offer MoneyGram service in Nigeria.
MoneyGram has over 300,000 locations in over 200 countries, partnering with UBA with over 700 business offices in 19 African countries and offices in New York, London and Paris, offers the best choice for Nigerian’s sending money abroad to loved ones
How to Send Money Abroad through UBA MoneyGram
UBA was given a go-ahead to send out money through MoneyGram International since October 2014. The “Naija Sends” is the Outbound Money Transfer service by MoneyGram and UBA Plc.
To send money abroad through UBA MoneyGram;
- Simply walk into any UBA branch nearest to and request that you want to send out money through ‘Naija Sends’
- You will be given MoneyGram money transfer form to fill.
- Within 48 – 72 hours, the money will transfer abroad.
How to Send Money Abroad Online
You can send money abroad online without visiting a bank. This is best and convenient way of sending money abroad. One of the online financial platforms that will enable you send money abroad online is Skrill. To send money abroad online using Skrill;
- Visit; Skrill official website and create an account
- Verify your account
- Upload funds into your account using your GTBank Naira Master
- Send money through your account abroad
Note: You can only send money to Skrill accounts and some few countries bank accounts abroad. Read about Skrill account in Nigeria.
With any of the above 5 options you comfortably send abroad from Nigeria. They are all relatively easy and simple.
If you finding any of those four ways of sending money outside Nigeria difficult, lets know where you have problem. You can use the comment box below to ask your questions and comments.
Thanks, I truly appreciate what you are doing. Please keep in up
Hi, I want to transfer $2000 to someone in China using western union. I will transfer $1000 while a friend will transfer $1000 to the same person. I want to know if this might be a problem as I was told the money might be seized if money is transferred to the same person in china. Thanks
Hello Karo,
One million people can transfer money to the same person in China; there is NO problem with that.
Hi Emma,
First of all, you are wonderful and you really have a niche online…
My partner and I have student loans in the UK and are wondering if you can summarize as a way of comparing for us 2 items:
the exchange rate, fees for using these two options:
use paypal to transfer maximum allowed from lagos(naira) to uk(pounds)
to use the cheapest bank, assuming i’m not a customer of the bank.
Which banks offer the option to sell naira to dollar instantly?
Do we benefit from instant bank exchange rates when we use paypal? What about when we use our bank?
Thanks again, I’m a fan!
Hello Memoi,
Your compliments are appreciated!
USING PAYPAL ACCOUNT TO TRANSFER MONEY TO UK
With PayPal account, you can send up $5000 per transaction to UK but the transfer fee or charge may be excessively high for you. $5000 may incur up to $250 as a transfer fee. All money conversion (naira to pounds, dollars or Euros) is better done at the time you want to send out money.
The major outbound money transfer options through Banks in Nigeria are MoneyGram, Western Union money, and bank wire transfer via domiciliary account.
MONEYGRAM and WESTERN UNION MONEY
MoneyGram and Western Union money transfer Limits and charges are at a fixed rate irrespective of where the money is being sent to. The Government fixed the transfer limit rate to discourage money laundering and this transfer limits rate for both MoneyGram and Western Union is $1000 in every 3 months (equivalent to ONE HUNDRED AND NINETY THOUSAND NAIRA i.e. N190,000 while the transfer fee is SIXTEEN THOUSAND EIGHT HUNDRED NAIRA
Firstbank of Nigeria Plc and UBA offer both MoneyGram and Western Union money transfer services. Other bank like Fidelity bank offers MoneyGram service.
You DON’T need to be a customer or have an account with them to be able to use these services.
BANK WIRE TRANSFER VIA DOMICILIARY ACCOUNT
With domiciliary account, you can send out any amount you want to UK or anywhere around the world and the charges or fees depends on the amount you’re sending out however it is no longer possible to deposit foreign currency into domiciliary account in Nigeria. In my earlier responses to comments, I gave a work-around process or method of depositing money into domiciliary account and sending the money from Nigeria to another country. That was for those who operate domiciliary account with either savings or current account in the same bank. So, you can go through the comments and fish-out this work-around process. If you can’t, let me know.
BANKS THAT OFFER THE OPTION TO SELL NAIRA TO DOLLAR
With GTbank, you can sell your naira to dollar (i.e. to dollar domiciliary account) however you have to put up an application for this. Authentication is within 30 minutes. This is the bank that have work for me.
DO WE BENEFIT FROM INSTANT BANK EXCHANGE RATES WHEN WE USE PAYPAL?
If you use your bank, you will enjoy bank exchange rate
Hi, I am Indian resident and recently got a job in Nigeria. My salary is paid in Naira and I was not even aware that the outbound money transfer is totally stopped from Nigeria.
I have my responsibilities there in India like my children education, House living maintenance, my Homes loans etc. How can I manage that. I have recently opened one current account and domiciliary account with some bank here in lagos, NG.
Kindly help
Thanks
Hello Ravi,
Outbound money transfer has NOT stop in Nigeria. You can still send money from Nigeria to India, your home country. The few things that have changed are the transfer limit (amount you can send or transfer), transfer charges, routes of the transfer and most drastic change is banks not accepting dollar deposit into Domiciliary account.
SENDING MONEY FROM NIGERIA TO INDIA THROUGH DOMICILIARY ACCOUNT WITH SAVINGS/CURRENT
If you had gone through the comments, you would have discover the work-around process or method of sending money from Nigeria to another country which I had earlier suggested to those that operate domiciliary account with either savings or current account. So, I advise you go through the comments and fish-out this work-around process. Use it to transfer the money to India. However, if you are not able to sought it out; let me know and I will re-write it again in details.
SENDING TRANSFERRING MONEY FROM NIGERIA TO INDIA THROUGH PAYPAL ACCOUNT
I also suggested use of PayPal account. In reply to some of the comments, I did mention that you can open a verified PayPal Account with some Nigeria banks(Firstbank & GTBank) and with this account, you can send money to India. If you want to know how this works, you can also sought it out from the comments but if you can’t; let me know. I will also do well to re-write this too in details.
SENDING MONEY FROM NIGERIA TO INDIA THROUGH WESTERN UNION AND MONEYGRAM
I know this will NOT be good option for you because of their transfer limits and charges. However, they are still means of sending money from Nigeria to another country. You can also sought out how this work from the comments but if you can’t; let me know and I will do well also to re-write this too.
Hi Emma,
We are amazed your answers and respond to each queries…. We are greatfull to you.
GT Bank and First bank when we enquire they say how you will fund your DOM account, they also say that from local Naira account it is not possible to transfer to DOM A/C, where you say it is possible.
Please clarify,
Regards, Williams
Hello Williams,
When you visit the bank (GTbank precisely), Do NOT tell them that you want to transfer from your Naira account to DOM account; if you tell them that, their usual response is; it’s not possible. Many of them that work in bank don’t even know that it works. Rather when you visit the bank, head straight to the marketing desk and tell them that you want to sell your Naira to dollar account.
Hello Tonia,
Domiciliary Account is an account operated in currencies other than Naira. How then do you tell me that your Domiciliary comprises of three accounts of which Naira Account is among them. The three major foreign currencies you can operate on any Domiciliary account are; Pounds, Euros and Dollars. Check you DOM A/c very well to see the currencies you operate on your DOM account. If you don’t know, you can find it out from your bank.
As for writing the letter and sending it through post, it will not work because the letter is usually handwritten and you have to sign it.
Western Union, PayPal and MoneyGram are options.
Remember, you can withdraw money from your Naira Account in UK from ATM using Your Nigeria bank’s Mastercard.
Hello Emma
I had sent a previous message inquiring about transferring money. Update: My father sent me a First Bank MasterCard now I’m confused because he says the daily limit to withdraw is $300 and he said that they will deduct $100 on top of that. When I called first bank they said that the fee was 420 Niara. So now I am confused whether I should withdraw 300 every day to get the amount I need or I should attempt to do PayPal. My father said that he did not want to do PayPal because he doesn’t trust the website money transfer. So which option do you think I should choose and do you think that it is true that they will also charge you extra $100 for every 300 you withdraw.
Hello Lola,
your update is quite appreciated. If you are withdrawing money outside Nigeria with Nigeria bank debt/credit card, the daily withdraw limit is $300 and bank fee is N420 Naira as firstbank rightly inform you.
The problem you will have opening PayPal account now is that it will warrant your father to also open PayPal account, for everything to work fine. However, your father has express his fears….”he doesn’t trust the website money transfer” and you can choose to do otherwise; if your father says, NO!
Meanwhile, You can let your father know that he can open PayPal account in Nigeria through Firstbank and not on PayPal website. So, in this case Firstbank overseas the transaction.
Im in the U.S and my sister is in ph, which is the fastest and easiest way for her to send me money and does moneygram require any form of identification for the sender or require the sender to have a bank account at the branch. Also like to know if anyone is experiencing any issues with moneygram and how much they charge to send money.
MoneyGram is Western Union’s biggest rival when it comes to international money transfer. Western Union is as fast as MoneyGram. What determines how fast money will be delivered in both cases will be;
1. how the money is paid; in cash or via bank wire transfer,
2. where it is been sent from and
3. where it is been delivered to. MoneyGram just like Western Union requires sender’s identification as well as receiver’s identification. The sender does not need to have a bank account at any branch for him/her to be able send money through MoneyGram or Western Union. In Nigeria ( if your ph means Port Harcourt) , Firstbank and UBA are good agents of both MoneyGram and Western Union; their transfer limit and charges are at a flat rate according to government regulations. As of today, the transfer limit for both MoneyGram and Western Union is ONE HUNDRED AND NINETY THOUSAND NAIRA (this is equivalent to $1000) while the transfer fees is SIXTEEN THOUSAND EIGHT HUNDRED NAIRA. There is No issue with MoneyGram as of today
For you who is US, MoneyGram charges at a flat rate of $11.50 for transferring $50 to $900 within United States, and 2% for amounts over $900.
If your ph means Philadelphia, lets say your sister want to send $500 to you in US from Philadelphia. If she is to pay cash at a Western Union agent, and you are to it up in cash, it will costs her about $28 for three-day service, and about $40 for immediate delivery. The same transaction costs $5 if it is via bank wire transfer, or about $25 if a credit or debit card is used to pay money into your bank account.
Thank you so much, you are truly wonderful
You’re welcome, Maria. Remember to share any of our article that interest you.
Hi Emma,
My husband is an expat working in Lagos Nigeria (he is Irish) and has always managed to get his salary transferred from his company to his bank in the UK. This month (at end of October) it appeared that suddenly he was not able to. Can you please help as to how he can get this money transferred over to UK, if there is any option as his company cannot seem to manage it.
Kind regards
Hello Ann,
first of all, there is a NEED for your husband to open a personal savings and domiciliary account here in Nigeria as it is going to be difficult now for his company to transfer money from their company account to his personal account in UK. This is due to the recent CBN guideline on outbound money transfer services. Once, your your husband open a personal saving and domiciliary account here in Nigeria possibly at Diamond bank or GTbank, let his company pay into his personal saving account. Once, he is paid every month, he will moves the money from his savings account to his domiciliary account. From his domiciliary account, he sends it to his UK personal account via wire transfer. Bear in mind that he might incur some transfer charges.
Okay Emma, I actually thought when creating a new paypal account, you have the option of selecting the country the owner is domiciled. In this case if he has access to his Nigerian bank account online he can use the Nigerian address and Nigerian card details for that Nigerian bank account to create a Nigeria paypal account.
Assuming he already has a US bank account complete with US card and US address details linked to a US paypal account, he can send amounts from his newly registered Nigeria paypal account (Funded through the card of his Nigerian bank account – which his Father can easily pay into) to his US paypal account.
The barrier for setting up a Nigerian paypal account is getting it verified, this can only be done if the person domiciled overseas can access an online portal of their Nigerian bank accounts and view bank statements that carry the verification code for paypal authentication.
I might be wrong but I just thought it might work.
Good to know he found a solution.
Hello James,
you are completely right here….”The barrier for setting up a Nigerian paypal account is getting it verified, this can only be done if the person domiciled overseas can access an online portal of their Nigerian bank accounts and view bank statements that carry the verification code for paypal authentication”.
Thanks so much for your contributions.
While he had found a solution, he still think of opening a Paypal account. I suggested to him to tell his father to open a verified PayPal account with firstbank in Nigeria because his father was expressing fears on opening account on PayPal website.
Thanks Emma for this, I refer to one of your subscriber’s concern that his father might not be able to use a computer effectively enough to initiate a paypal transaction. My question is this: Would it be possible for him to create a Nigerian paypal account overseas while using the card and account details of his Nigerian bank account (assuming he has access to it online)? Would it then be possible for his father to transfer naira equivalent of what he needs for his upkeep and accommodation into his(son’s) Nigerian bank account, while he(son) uses paypal to pay himself on his other paypal(overseas) account? Please I hope this wasn’t too confusing in explanation.
Hello James,
It wouldn’t be possible to open Nigerian PayPal account oversea online. See how a Nigeria PayPal account will works…if the young man had early open Nigeria PayPal account before traveling oversea for his academic, his father can pay or deposit money into his PayPal account here in Nigeria while he easily receive and withdraw it oversea. That’s how it works.
Meanwhile, I contacted the young man and he told me that his father goes by an alternative of mailing him a bank card.
So is possible to send money outside country
Yes, it is possible.
Emma,
Please do you know anybody that tried the work-around you posted about GTB before and that was successful? I have a Savings Account with GTB and a DOM but with this policy dollar cannot be deposited into my dom. How do i go about this letter to the manager and do you have a template. I need $37K in the US and don’t mind doing the wire transfer from my dom to my account in the states in batches. How can i get the naira in my savings account over to the DOM with the manager assistance? Can this be done online?
Hello Oyewole,
Let me start from your last question. This can’t be done online. You can only do this at any GTBANK Office. I have personally tried the work-around and it was successful.
Here is a sample template request letter to GTbank manager to get the naira in your savings account over to your DOM account.
No. 32 Oba street,
Ogui Urban,
Ikeja,
9th October, 2015.
The Manager,
Guaranty Trust Bank,
Ikeja.
Sir,
Request to Sell My Naira to USD
I humbly request to sell my Naira from my savings account to a domiciliary account(YOUR DOM ACCOUNT NUMBER HERE)
Saving Account Name: YOUR SAVINGS ACCOUNT NAME HERE
Saving Account Number: YOUR SAVINGS ACCOUNT NUMBER HERE
Amount to be sold: ₦500, 000
Thanks.
Yours faithfully,
……….
Emma Onwuka.
Emma,
Please as a follow up to what Mr Oyewole asked. Are you saying that the request letter for the transfer from my Naira account to my Dollar Dom account to the manager, must be submitted to the manager personally? Meaning I have to travel down to Nigeria to give him the letter.. Please expecting your response soon, as I am in the same predicament as Mr Oyewole .. Thanks
Hello Henry,
if look closely to that letter, you will discover that your signature is needed. Your signature is needed for authentication of the transaction. This is money matter! No body can sign for you. If even there is somebody who can sign for you, sometimes you passport photograph or picture might be needed. It is not that you have to submit it personally to the bank manager, the marketing desk accepts the letter and treat it accordingly.
I’m John from Ghana ,I have a Ghanaian friend who is based in Nigeria now and wants to send money to me here in Ghana how does he go about it.Thank you
Hello John,
It all depends on the amount. If the amount is $1000 or below, then WESTERN UNION money transfer will be best option. Read now; how to send money through western union from Nigeria to another country.
If the amount is above $1000, PayPal or Bank wire transfer via Domiciliary account will the best option.
With PayPal, your friend can send up to $5000 to you, however; the transfer charge might be a bit high.
Hello
I have been reading through all of these comments and I’m not sure of this information is up to date but as far as I can tell I would have to open a domiciliary account. if my dad opens a dom account in Nigeria how will I get the money in USA? I had posted another question saying that he was told he can only transfer 1000 every 3 months, I need a much higher amount right away. Is there some business bank account he can open that is easier? Also I don’t think he uses pay pal but I have a pay pal account. Thank you For your help.
I found your article on money transfer from Nigeria through Google. My father says you can only transfer $1,000 in $500 increments and only every three months is this true? How can he transfer money to me in USA over $1,000?
He uses first bank Nigeria
Yes, he is correct.
Hello Emenyi,
your father is right in saying that only $1,000 can be transfer to you in every three months but the $500 increment is wrong. To transfer money to you in USA over $1,000; you and him need to open a PayPal Account or he can use wire transfer via Domiciliary account. However, he needs to open the Domiciliary account before this can work.
If you need further clarification on this let me know.
Hello
I just saw your response. I’ve finally scroll through a lot of the comments
1. so please explain the Dom account procedure. I am not familiar with this? I am very familiar with PayPal.
2. if you can tell me what the maximum if you can transfer through PayPal?
My father can not go on the computer which would require someone else to go on there for him. I believe he would be more comfortable with the dom account but how I am in USA now so how will that work?
Thank you so much! God Bless you!
Sorry Lola,
I am just noticing your comments and question now. You comment was not mark, ‘red’ that is why. Please, if you still need my response; do let me know.
please someone one to send money to me and then i need help what is the best way to get the money money gram or domicillary account without having problem what is the best way what is the way i need to follow please help out
Via domiciliary account is Ok if you have one.
Hi I ask if this is true…my fiance wants to send money for me here in Abu Dhabi but he said I need first to pay here the documentary charges before I receive the money as he said im hoping that any one here answered my question thanks
Hello Angan,
There is NOTHING like documentary charges. You do NOT need to pay any money for your fiance to send money to you. As for the transfer charges, your finance should be the one to pay for that. If he is to send $10000 to you for example, let him deduct the transfer charges and send the remaining money to you.
Invite your Fiance to read this post or send the link of this site to him to read.
Want to buy some goods from china,am traveling down myself to see the goods before payment,the volume of the payment is huge. I am restricted to withdraw only $300 per day with my ATM card down there in china or europe,can’t carry cash up to $10,000 when leaving Nigeria shore,can’t deposit money into dollar account(restricted for now).Even the bank Exchange Rate is no where to be found in Nigeria banks anymore accept black market.Tell me which best option I can used in achieving these transaction.
Hello Anthony,
Let me first correct an impression, you can still deposit money into your dollar account here in Nigeria. The only thing you can say is that you can’t deposit dollar into dollar account because banks in Nigeria are no longer accepting dollar. Now, how can one still deposit money into dollar account in Nigeria when Nigeria banks are no longer accepting dollar?
My answer is still the work-around process which I have taught about in some comments here. Here is the work-around process: if you have a dollar account with Diamond bank, GTbank, Firstbank, Zenith bank or any other bank in Nigeria; open additional account either savings or current account in the same bank if you don’t have any already. First, deposit all the money you would want to deposit in your dollar account to your new savings or current account in Naira equivalent (find out the exchange rate from the bank). Once you’re done, go back to them and tell them you want to sell your naira currency to your dollar account. This involves writing a letter of request to the bank manager telling him/her to sell your naira currency to your dollar account. Authentication is done within 30 minutes and your dollar account will be credited. So, this is work-around process of depositing money into your dollar account.
Now, since you’re going down to China to see the goods; the easiest way to pay for the goods there is via bank transfer payment instead of withdrawing $300 per day with ATM card.
NB: for the bank currency exchange rate now; one dollar fluctuates between ₦198.99 to ₦200
Which of the bank transfer,explain more on these to me
Hello Anthony,
you can transfer the money in your domiciliary account to any bank account in China
Hello Emma pls I want to ask if as of today it is possible to send 2000$ to Ukraine from Nigeria using either First bank Western union or Moneygram ? Thnx
Hello Ab,
Yes, it is possible
Hey Emma, I’ve been going through your blog and it seems interesting but I’ve a question to ask I’ve a friend studying in Dublin and he’s been sponsored by his parents unfortunately due to the current situation happening in Nigeria, it’s hard to send money to him for his tuition fee, accommodation and feeding, he met the college and explained to them they current situation and ask if his parents can pay in all the whole money for the tuition fee, accommodation and personal allowance money to the college account so they college can give him but to his surprise the college said no that they can only give him bank reference letter for tuition fee other than that there’s nothing they can do for him and they boy is required to pay for his accommodation fee annually which is up to €6000 and his stranded because they banks in Nigeria won’t transfer to his European account because it’s an individual account. Please is there any solution or any way they parents can transfer money to him. Thanks
Hello Steve,
option A. Use of Domiciliary account and Savings or current account.
Step1. Your friend’s parent have to open 2 accounts; domiciliary and savings account in the same bank here in Nigeria, if they have not done so before. The Domiciliary account should be operated in Euros preferably or dollars. Either GTbank or Diamond banks is OK.
Step2.Once these two accounts are active, they have to go back and deposit a naira equivalent of €6000 or more (as against bank charges) into the savings account.
Step3. After the money had been confirmed deposited into the savings account, they have to go back again and write a request letter to the bank manager asking them to send the naira equivalent of €6000 or more from the savings account to the new domiciliary account.
Step4.Once the money drop in the domiciliary account (bank authentication may take up 30 minutes); it is now time for them to transfer the €6000 to their son in Dublin.
Step5.They have to go back finally and request for bank wire transfer via the domiciliary account to so so…. account in Dublin. The bank may not let them transfer all the €6000 at once, so they can do the transfer part by part. This is just a workaround that work like magic.
Option B. Use of PayPal account
You friend should open a PayPal account (Online)there in Dublin. His parent here in Nigeria will also open a verified PayPal account with either GTBank or Firstbank. Once, the two side sides of the account are active; your friend’s parent should follow the above protocol and send money from their PayPal account to their son’s PayPal account. Your friend can easily withdraw this money there by sending it to his bank account.
I’ve never tried Qatar before but I’ve use dubai and china. Send to your PayPal account then withdraw into your bank account there. You can send up to 5000$ daily limit. Every bank has their selling rate and there are also merchants who sell such services online.
Mr. Joel
Good morning sir, sorry please I did not know you were referring to me. To your questions; yes I have bank account in contry of my residence, not in China but Qatar.
Dear Emma, thanks for your observations as well.
Friday.
Mr john you are in china or which country sire and do you have a bank account of your country of residence? Let me know your response sire
Respected sir,
For business reasons my friend want to send to me approximately 5000 $ to my Indian Bank account… But now he asking to me I should pay that sending fee ? Is this right?
Any other options to get money from Nigeria ?
Please reply
Hello Jhon,
to send money from Nigeria to India, your friend have to pay for the transfer charge. However, rather than asking you to pay for this transfer charge which is what I felt he meant; I will suggest you ask him to deduct the transfer charges from the 5000$ depending on your business with him. I feel you will be on a safer side by asking him to do so.
In terms of any other options of getting money from Nigeria; if you can list the ones you know then I can suggest others for you.
Joel,
Please I’m desperately needed help here.
Which bank or agency do you use for this transaction?
Are they available in all state capitals in Nigeria?
The interest charge is of no issue compared to travelling to Nigeria for 10k dollars as my last option.
Please I will be very grateful for your guidance.
God bless you.
Friday.
This article has been helpful but it didn’t solve my problem fully. I can still transfer a 5000$ limit per day to China but the total accrued charge is around 250$ which is so unbearable to me. Will surely find a way out not giving up
Hello please I need an urgent reply from you. How much does it cost to withdraw to Dubai Account? What were you required to submit to verify your dubai paypal account? Whats the process and how do you source paypay here in Nigeria?
Dear Emma,
I’m really very grateful for your reply and advice, but it’s rather unfortunate that the Chinese immigration law of 100000rmp is against Nigerian’s only, students from other African countries aren’t affected. Though is rp has been extended by one month so as to make up his account statement. I have directed him to contact Nigeria embassy in Beijing for assistance while efforts to procure this amount for him is in progress even if it demand visiting Nigeria which is my last option.
Not that I’m losing faith in our system but my prayer is that God should safe innocent Nigerian’s abroad from being victims of bad governance and image back home.
You’re welcome! Friday.
It is very clear to me now that the world has turned its back against Nigeria at this time.
Dear Emma,
Good morning please I want to be enlightened the more on this money transfer. My son in Fudan university China needs immediate assistance as his RP expires today, the immigration demand 100000rmp in his account. Please I want my daughter in Nigeria to remit to his account in China 10000dollars , could this be possible through first bank as an account holder ie one time remittance. Please advise.
Friday.
Hello Friday,
transferring up to 10,000 dollars to CHINA at an instance through firstbank Western Union Money transfer will NOT be possible now due to the new CBN guideline. If you have had a domiciliary account, it could have been a better option. Though, you may not be able to transfer up to 10 000 dollars but at least close to that. I can’t believe that immigration will just demand 100000rmp in your son’s account just because his Permanent resident (PR) is expiring today. For sure, they should have been warning him for a long time now. I think you need to explain the situation of things to them and then transfer the possible amount to his account.
Hello
I am trying to make payments for my goods to Poland,Turkey and UK, amounting to about $3500. I don’t have money in my Dom account and the banks are not collecting dollars… These companies don’t have online payment options…. What do I do?
Thanks
Hello Esther,
if you have gone through the comments above you would have come across the answer I gave about a case similar to yours.
Banks in Nigeria finds it difficult to accept dollar in this recent times due the current CBN Guideline but if you have an existing savings account or current account in that bank with money , write a letter of request to the Manager of the bank authorizing them to send certain amount(amount required for payment of the goods) from your savings or current account to your DOM account. The transfer will be done within 30 minutes after authentication. Even if you don’t have savings or current account, open one and do this. Once, there is money in your DOM account; you are set! Go back to them and tell them you want to do bank wire transfer or just transfer to so..so..so account in so..so..so place. Play according to their rules of the bank. This is just a work-around and I believe it will work fine.
Hi Emma,
Many thanks for your comments. I am in the process of searching for a way to send dollars to China from Nigeria and at the moment we have not been allowed to deposit cash into our Diamond DOM account. You have suggested that we write a letter to the bank requesting a transfer of funds to the DOM account. Does this only apply to GT Bank or will it also apply to Diamond Bank. We have DOM accounts for both but prefer Diamond Bank because the transfers can be done online and are a lot easier.
Please advise.
Many thanks
Hello Rose,
this works fine with GTBank and I believe it will work with any other Bank’s DOM account. If you are going to use your Diamond Bank DOM Account, ensure you have an existing savings account or current account with DIAMOND BANK and also money on the saving account or current before you start this work-around.
Also, ensure you hide to their terms of money transfer.
Thank you
You’re welcome, Rose. Remember to share and talk about this site with your family members, relatives, friends and business partners.
Hello Mr. EMMA my name is Manjit & i want to transfer money from Nigeria to my account back home in India say $600 per month so i want to know how can i transfer this amount to India & what would be transcantion charges & what are charges for converting Naira to Dollar
Hello Manjit,
1. The best option to transfer the money to India is through Firstbank Western Union Money transfer service since you are just sending $600 per month.
2. Usually the first Western Union transfer Standard charge/fees is approximately 16,500 naira for every $2000 (which comprise of a variable transaction fee, fixed VAT and Tax).
3. There is no charge for converting Naira to Dollar. However, As of today, $1 = N199.05, It may be a bit high in black market. $1 fluctuate between N198 and N200.
Thanks for the reply. I actually fund through my dom account before this law came into play. I had new investors and I wanted to add their fund to the trading account that was when I fund out that there is a new law in town. I’ll try the procedure u suggested, I hope it works..
You’re welcome! I believe it will work. Don’t forget to share this site and the article with your new investors, business partners and friends.
good mrn mr Emma. I appreciate ur good work here. I am a Forex trader and I want to fund my trading account. I have a Dom account with Gtb. Now I was told at the bank that I can’t make deposits into my Dom account. And that even if I do, They won’t be able to make the transfer because it is not an inflow. And this trading account can’t be funded through third party. It has to be through me. Pls bro, any way out of this? Thanks and God bless
Hello Shola,
Here are possible options I know might work
1. Use of Credit or Debit card payment:Some Forex brokers accept card payments which can be Visa, Mastercard or any other acceptable card. Most banks in Nigeria now issue credit and debit cards supported by these global names, you can fund your Forex account with it. Confirm if your broker accept such method of payment.
2. Bank wire transfer: GTBank may not easily allow you to deposit money into your DOM account (due to the current CBN guideline). But if you have an existing Gtb savings account or current account with money , write a letter of request to the GTB Manager authorizing them to send certain amount (amount you need for the forex trading) from your savings or current account to your DOM account. The transfer will be done within 30 minutes after authentication. Even if you don’t have savings or current account, open one and do this. Once, there is money in your DOM account; you are set! Go back to them and tell them you want to do bank wire transfer or just transfer to so..so..so account in so..so..so place. Play according to their rule. Your Forex broker should be able to provide his/her account details required for the transfer. This is just a work-around and I believe it will work fine if both currencies are the same.
Warning: Be sure of your Forex broker, if this is your first attempt. How have you been funding this account if this is not your first attempt?
3. Bank Deposit: this work for some brokers. You can confirm yours.
I want to pay some money to a company in China for services I want them to render to me. It’s about 500 dollars. Is it possible? Am in Nigeria. Please tell me how I can do it. And which payment options is best. Thanks. Reply
Ekene,
You have to first inquire about the company’s payment option. The company could have a way of receiving an international payment for their services. They could possibly be receiving payment via online payment platform. If they don’t have any payment option, then using western union transfer will be a good option since the money is about 500 dollars . Paying them via western union transfer like using firstbank western union transfer should be based on trust that they will render the service.
CAN MONEY BE TRANSFER FROM NIGERIA THROUGH CREDIT CARD TO OTHER BANKS ABRORD?
Hello Joe,
you can use your credit card for online payment(local and international) but using it to transfer money from your bank account here in Nigeria to another bank abroad is NOT possible as of now. Maybe, it will be possible later.
hi emma. My cousin need to send me money for his child hospitalization before. But he said it is hard to send money outside nigeria. He also said that his bank need my registration first and i need to pay that bank for the registration. Is it true that i have to send money to that bank first before he can send money to me? Tnx
Dear Jiellene,
*Sending out money outside Nigeria is not so hard as it is painted.
*You DON’T need to pay, send money to his/her bank or do any registration first.
*All you need to do is to provide him/her with the detail of your bank account he/she will paid in the money.
* Firstbank western union transfer service is now available. so, he/she can use firstbank western union money transfer service to sent the money to you. He/she will be the one to bear all charges.
He will going to pay me a large amount, i read that only $1000 is the only allowable amount. What will he do?
large amount, like how much? The $1000 per every 3 months is for firstbank moneygram and UBA ‘Naija sends’
Amount like $10000.. Where can he send this money?
Pardon Jiellene, I don’t understand what you meant by,”Where can he send this money?
If you mean how can he send this money, I will tell; wire transfer through Domiciliary account will be the best option
I am trying to send money through bank wire transfer to the usa I am requested to obtain a form M number which I have to follow a very long process to do that before I could import goods to Nigeria is there any bank whose domicillary account still functioning?
Hello Josephine,
who requested that you obtain a form M Number?
GTBank, Diamond bank, Firstbank etc. domiciliary account are still functioning.
Hi EMMA,
I need a solution, one of my customer wants to import readymade garments Fri Bangladesh , but he is telling that Nigerian bank does not allow to send money through wire transfer, is it right ? If it is right how Nigeria imports goods and make the payment?
Pls advise the solution of import in to Nigeria and how to make payment.
Thanks
Ismail
Hello Ismail,
Central Bank of Nigeria(CBN) permits only wire transfers through domiciliary account. The Central Bank of Nigeria (CBN) said, according to the circular signed by Olakanmi Gbadamosi, director, trade and exchange department only wire transfers to and from domiciliary accounts are permissible.
What this implies is that your customer need to open a Domiciliary account for him/her to make the payment of the goods via wire transfer. In other words, banks in Nigeria still allows you send money via wire transfer but this is possible ONLY through Domiciliary Account.
As for the importation of Goods into Nigeria, payment of goods and services; I advice and suggest that every Merchant and business owners to have ONLINE PAYMENT SOLUTION. Your customer(s) should not find it difficult in accessing the online payment solution. It ease stress and reduces difficulties in sending out money.
NB.The new government is bent on combating money laundering and seeing Naira Appreciate.
I want to send 100,000 dollars to canada, please what’s the possibility or even 20,000dollars.cheers.
One possible way of sending out that amount to Canada is through DOM account with a bit high transfer charge rate.
@sweetberry… Pls I need to ve ah chat wit u, want to chat privately with u, here is my email adress [email protected] or whatsapp no:0701220568. Pls ma’am its urgent! Tnks nd God bless ppl
please, am in malaysia someone want to send money to me here i don’t have account here. what easier means can he use what is the estimated charges and if open account here with a bank would it still be possible and what is the estimated charges? God bless you for enlighten us in fact you deserved one carton of Gulder hahahah
You need to open a bank account there if you want a faster result because some of the means of sending money outside Nigeria has been stop by the new government (to combat money laundering). One easy way he/she can send the money to you in Malaysia is through Firstbank MoneyGram and UBA Naija sends, provided he/she is NOT sending a huge sum of money to you. The transfer limit for this means is $1000 in every three months.
Another means he/she can send the money to you is through Domiciliary account but he or she need to open a domiciliary account here in Nigeria. From his/her Domiciliary account, he/she can transfer the money to your account in Malaysia if you provide he/her your bank details. He/she can send large sum of money through this means.
I mean sending to Cameroon
Greetings bro Emma,I am really glad u have enlightened us on the tips of sending money outside our beloved country Nigeria. Please these are my questions : Is the “Naija send“ with UBA ,First bank Moneygram or Western union still working? how much is the limited amount one can send?
Hello Cletus,
UBA Moneygram ‘Naija sends’ is still working. The limit amount you can send is $1000 in every 3 months (new Government).
Firstbank Moneygram is still working. The limit amount you can send is $1000 in every 3 months (new Government).
Firstbank Western Union Money transfer services is temporary NOT available.
If you have more questions feel free to ask. I hope, it helps
Pls what if excess money is transfered abroad to Ghana..would the balance be returned to sender or given to recipient..
Don’t you know how much you’re sending. Why sending excess money?
Hello, good I landed on this page is I was searching for the means to send money to Philippine, I have tried Western Union and Moneygram to no avail.
Please apart from Western Union, Moneygram, and DOM is there any other means online which one can use to transfer money to Philippine.
Regards.
Emeka
Emeka,
Firstbank MoneyGram will work. However, you can only be allow to send $1000 in every 3 month that is their transfer limit for now. Another way you can send the money to Philippine is through PayPal Account. Firstbank PayPal account used to be superb but currently it is temporary not available. So, try other PayPal account. Again, you can use your friend’s DOM account to do the money transfer.
********NOT. I mean if the person is NOT having a bank account there
Yes, of-course!!!
Hello There. I love this article BUT i have one question which is…..Is it possible for one to receive money sent through Money Gram and western Union if the person is having a bank account in that country?? I want to send to Ghana and its not that Huge. Lol
Yes!!!
Someone is trying to send me money via First Bank Western Union or Money but he was told that there are restrictions and that Western Union is now restricted and limit on MoneyGram is $1000 in every 3 months. This is ridiculious and they requested tones of documents when the person wnated to use DOM account to send money, they said that it’s only available for students and can only be paid into a university account. Please help out, because they said it’s need stupid directive from the GO Slow Buhari government. Thanks.
Hello Michael,
this is actually TRUE. Use of First Bank Western Union Money Transfer service to transfer or send money abroad is temporary NOT available as of today. In fact no any other bank can transfer money abroad via Western Union Money Transfer. There is a temporary restriction in use of Western Union Money transfer service in transferring money abroad. To use MoneyGram is $1000 in every 3 months, this is CBN directive to Firstbank (Buhari government).
However, GTBank DOM account is Not only for Student; it can be use to send money anywhere outside Nigeria but the only thing is that you need to open the Domiciliary account first with GTBank. HERE IS HOW TO OPEN GTBANK DOMICILIARY ACCOUNT. He can also try using PayPal account.
Hello Emma,
Thanks for your response. The problem is taht First Bank has restricted using of their DOM account too, I don’t know if that is true?
The client that wanted to pay me also has a DOM Account with UBA and I don’t if they have restrictions too? Is GT-Bank the only option available that supports both everything including sending pocket money to the student personal account overseas? Please advise, thanks.
UBA and GTBank Domiciliary Account support sending money abroad now. First Bank DOM account is temporary not allowed. For First bank, the only way now is to use MoneyGram.
i have been trying to send money via western union and money gram since last week and it hasnt been successful up till now. All the banks kept saying they have exceeded their limit and there limit eachday is too small. am just fed up. is there any way out apart from using dom account or paypal cos the money is a bit huge.
Hello Pat,
No bank will exceed its daily transfer limit. I will suggest you transfer the money bit by bit since it is a huge sum of money. You can use Firstbank Western Union money transfer service.
Someone from the U.S.A sent me a huge amount of money but I haven’t received it yet because the bank(Fidelity Bank) told me that I should pay a transfer fee of about $200(USD) before the money could be transferred to me. Now I want to know as to whether, should I send the money to the bank or not?
How can Fidelity bank ask you to pay about $200 for money that is sent to you? Any money that is sent to you should reflect on your bank account. Don’t send money to anybody or “bank”. I don’t believe you are dealing with the right people.
Please I want to send a large amount of money to canada but please is. There a. Way I can sendd In naira and the person receives the equivalent in Canadian dollar. Cos buying US dollars now is expensive. Would have prefer using my GTB Dom acct
Dare, the money( in naira) must be converted to its equivalent dollar before it can be sent to Canada. Bank’s conversion rate is cheaper than black market.
Shed more light on this please
Hello Great,
We are sorry for the late response!
When sending to Canada for example using domiciliary account, the money must be in dollar not naira.
I read your article because I am in the United States and have a customer that lives in Nigeria. He is telling us that the government there makes it very difficult for him to send money to the states. Just wondering if that is true or not?
Thanks
Hello Stacy, there are many options of sending money from Nigeria to United State. Possibly, your customer is NOT aware of these options. I will suggest you refer your customer to this article on how to send money from Nigeria to another country. Let him/her read the article and choose the best option that suit him/her.
He says it is because it is larger sums of money(like $15,000 at a time), could that be the issue?
Stacy,
Let your client transfer the money bit by bit because banks in Nigeria has a daily transfer limit and they can’t exceed it
It appears that theydo my wife is having the same problem
It possible and practicable to send PayPal fund from Nigeria to another non PayPal bank account (oversea) ?
Hi Ayinla, It is NOT possible and practicable sending money from Nigeria PayPal account to non PayPal bank account (oversea). However, You can buy or shop items online (oversea) via your Nigeria PayPal account.
Hello Mr Emma Good Afternoon sir
My name Is Ibrahim A Ahmad
Pls can I operate my Nigeria Eco Bank Account in Cameroon
Hello Ibrahim A Ahmad,
If you have your naira MasterCard, you can be withdrawing money from it through ATM. Other transactions are not possible.
Hi,i am from kenya and my friend tells me that sending money to me in kenya the bank only does the western union transaction between 8.00 am and 8.05 a.m is this true?and what other means can we use from nigeria to send money to kenya ?please help its urgent
Hello Iilian,
Did he say between 8.00 am and 8.05 a.m??? This is not true. He would have rather say that western union transfer is not working. For other means, please go through the comments.
Helloo sir emma,, i just wanna know cause im here in taiwan, and i want to send money to my husband in nigeria.. and i did try western already but nigeria is not in the list country, how its happen???
And if its not possible, can you please give me another way to send money… please give me feed back. Thank you.. heres my email [email protected]
thankyou
Hello Leovilyn,
Read this: How to Receive Money in Nigeria from Abroad, for clarification. If you are not satisfy, let me know.
Good afternoon emma,
I am an international student presently in the US. Due to recent restrictive CBN rules, it has been difficult for my father to send money to me. Please advise on the best option for him to send money monthly for amounts below $2,000 to a US student account. Thank you.
Tobi,
Bank Wire Transfer via Domiciliary Account will be the best option.
Your father need to open two accounts; domiciliary dollar and Naira account here in Nigeria for this to possible. With domiciliary account , your father can send more than $2000 to your US student account monthly. Read through the comments here, you will see how it works. If after going through the comments and you still don’t understand let me know.
Another better option would have been PayPal account.
However, this will not work because you need to be the one to open the PayPal account here in Nigeria before traveling to any country outside Nigeria.
Hello Emma, thanks for the reply. I still would like to confirm where you stated it “will not work because you need to be the one to open the PayPal account here in Nigeria before traveling to any country outside Nigeria”. I’m trying to send funds for an educational material in the UK, and i’m trying to cut down charges using the DOM account. I came upon your article which i find knowledgeable, i have to say thank you. What i’m keen on knowing is, is it possible to send money to a party in the Uk having a paypal account from my Nigeria paypal account?
Hello Cornelius,
I’m sorry in delay in my response to your question, I took a short break but I’m back to work.
What do you mean by “a party in the UK”?
Hello Mr. Onwuka, is it possible to receive a money that has been deposited in naira in dollars from China?
Hello Collins,
It is NOT possible.
What do you have to have to send a hundred million to a bank in the USA
I don’t understand you.