700 thoughts on “Transfer Money Overseas: How to send Money Abroad from Nigeria”

  1. Yes, actually the issue is , Im presently in the phillipines already, so im wondering how im to go about the paypal thing. The comment i read earlier revealed peopl who are yet to travel, , But in my case , im already out of the country. So, how do i advise my sponsors to go about it. And the paypal, alternative, is it like,..one can put in money and i can withdraw it on the go like an ATM. If possible, can u please just send your phone number to my email. [email protected]. So i call you, and get full info. Thanks.

  2. Hello!
    How do i receive over €5000 from Nigeria in Ireland. I have a paypal account here but not in nigeria and can my husband send me such amount through PayPal cos obviously western union cant do that. If not. How best do i revieve the money here please. Thanks

    1. Hello Joke,
      The €5000 you are talking about, is it inflow or outflow and which account (Domiciliary, current or savings) is it in, in Nigeria . Answering these questions will assist me in giving you a better suggestions on how to receive the money in Ireland.

  3. Mr Emma, please my dad wants to send me 330000naira through access bank money gram will that be possible? please how much will the money be in cedis and what is the charge fee that will be deducted from the money. thank you.

    1. Hello Dorcas,
      Your dad can only send about about one hundred and ninety thousand naira (190,000naira) to you through access bank moneygram. I suggest you ask him to use western union to complete the transfer of the remaining one hundred and four thousand naira (140,000naira). Transfer charge for moneygram is about 14400naira for that amount and the transfer charge for western union is about 16800naira for that amount.

  4. Secondly, i heard some people talking about FORM A, blbla does that one even work. and what banks provide it without hassles. Coz i need to pay my tution.

      1. Mr Emma, my dad wants to send me 330000 naira to Ghana through access bank. please how much will the money be in cedis and what will be the charges .

        1. Hello Dorcas,
          the exchange rate for Cedis to naira as of today is 1 Ghanaian Cedi equals
          51.92 Nigerian Naira (1 cedis = 51.92 naira). Having answered the second part of your question, you can do the calculations yourself.

  5. Hi, im a stranded student, a citizen of the federal republic of Nigeria being screwed really hard by a government that never contributed a single penny to my life. Now ive been in the philippines for 2 years on my own jeje, and i need to get money from Nigeria to phillipines. Pls what is the most cost effective way to do that, Considering that GTB chargess a neck killingamount of 270 naiira on the ATM. Ive read earlier you suggesting the paypal options. How can i do the paypal style. And how do my people fund it in nigeria so i can withdraw it here?. Thank you.

    1. Hello Mayour,
      you might even be surprise to hear very soon if you’ve not that use of ATM Naira debt or credit card outside Nigeria has been banned.

      Go through my earlier comments again, you will see how PayPal account works. If you don’t get it, let me know.

  6. Hi, Emma.
    Thanks for educative post and enlighten peoples.Pls, I want u to explain how to transfer fund that is more than $5k from UK bank to Nigerian bank ,I mean steps to take . To avoid enberrassment from Efcc. pls reply through my email. Thanks.

  7. Hi..I’ll be going to UK soon for my undergraduate studies and I’d like to ask..what is the best way for my parents to send money to me and how do I go about it. They are already being skeptical about sending me over there simply because of the problem so many parents are facing with sending money to their children. Please I need your advice. Thanks

    1. Hello Damilola,
      Many Nigerians who are outside the country for their undergraduate and postgraduate studies are facing hard time right now due the current CENTRAL BANK OF NIGERIA regulation on outbound money transfer and withdraw of money outside the country with use of ATM debt/credit cards. So, your parent skepticism are normal.

      If you must go to UK for your undergraduate studies, I advice you open a verified Nigeria PayPal account before you travel to UK. Once you get to UK, link the PayPal account to a local bank in UK accepting PayPal account so that your parent can be sending you money through your verified Nigeria PayPal Account.

      You can also open a domiciliary account here in Nigeria before you travel in addition to that. Things can change for better tomorrow.


      1. Hi Emma, Happy new year and thank you so much for the time and resources you have invested in helping us. I will sure share this link with my friends here at school.
        Presently I am still in Uganda, my Dad has exhausted his money gram options. Reading through your replies, I am going to open a PayPal Account here. I am hoping it will be possible for my brother to send me cash via this means.
        And will he be restricted say if he is sending 3000 USD?
        Also if I open a Domicilliary Account in Nigeria, will I be able to withdraw from it abroad..?
        Thanks once again.

        1. Hello Essien,
          No, It will NOT be possible. You need to open a verified PayPal account in Nigeria and link it to a local bank in Uganda that accept Paypal account. It is through this verified PayPal account that your brother will send money to you.

          As of now, there is no need opening a domiciliary account in Nigeria since it will not be possible to pay in money into it in Nigeria as a result of CBN restriction.

  8. am inquiring on behalf of my friend who is an expat in Nigeria trying to send money to India . Have an account with first bank and standard chartered bank.

    I want to know if he tries with western union then will there be any loss due to currency conversion .
    amount will be around USD 8000
    salary will be in Naira currency .

    Hope to hear from you asap . its lil’ urgent .

    1. Hello Nili,
      there is nothing like loss due to currency conversion. He/she will only paid for the transfer charge. With western union money, he/she can only transfer $1000 in every 3months,

  9. Hi Emma,

    Is the 300 withdraw limit only applicable if the money is being withdrawn outside of Nigeria? Meaning, if you are IN Nigeria, you may withdraw more daily? Also, is it 300USD or 300Naira?

    I’ve read through several comments and your responses. I would like clarification on a few things:

    Sending money via Paypal from Nigeria to the US is best for amounts under 1000 USD? Does sending money via Paypal or any other means count towards your 300 daily withdrawal limit?

    Thank you! By the way you are doing a phenomenal job here responding to comments and providing information. Thank you for taking out of your time to do this. God bless you!

    1. Hello Tolu,
      I’m sorry not to have respond to your comment, I took a break but I’m back to work.

      The $300 (not 300naira) withdraw limit is only applicable if the money is being withdrawn outside of Nigeria. However, the CBN has ban the use of ATM debt/credit card outside Nigeria (starting from January 2015). So, no more withdrawal of money outside Nigeria with Naira debt or credit card.

      Sending money via Paypal from Nigeria to the US is best for amounts under 1000 USD? NO!

  10. Please help me work this out as the current CBN rules as well as the current exchange rate is getting me confused. If I want to send $400 to Singapore via Firstbank Western Union, what is the equivalent I would pay in naira, including transfer fee? Thanks.

        1. Your question is “If I want to send $400 to Singapore via Firstbank Western Union, what is the equivalent I would pay in naira, including transfer fee?”
          Answer: You will pay between N85, 520 – N86,680

  11. Emma, you’ve been so helpful.
    My husband in nigeria needs to send 800000naira to me in canada. I have an account here in canada. The challenge is, if he decides to write to his GTbank manager that he needs to trade his naira to his USD Domiciliary account, it might cost him so much because after using his mastercard online for payment, the exchange rate bank used was 280naira to 1 dollar. Likewise access bank used same in deducting money from his mastercard. What best option is available for him to transfer the money to me. Funny enough the Nigerian here that wants to take naira in-exchange want to sell 1 canada dollar for 200naira. Which means i’ll only get 4000CAD for that 800000 naira. Please, advice accordingly.

    1. Hello Chichi,
      I’m very sorry not to have respond to your comment very fast, I took a break but I’m back to work.

      It will not cost him anything to write GTbank manager that he needs to sell his naira to USD Dom account. For the online transaction that he made, he was charge based on that it has nothing to do with transferring of money to Canada, however that exchange rate is so high. I guess it is not bank payment or transaction that is related to bank because that is black market exchange rate

      1. Thank you so very much. But the amount that he was charge was by the bank itself. He used his card to pay the usual UK visa fee and that was what the bank deducted. He just went to GTBank today but they said he couldn’t do such. And he said some banks have stopped the western union transfer for non account holders. Please, could you confirm that 1st bank still does western union and UBA for money gram? Please, If he’s to transfer like the equivalent of 1000USD in Canadian dollars through western union and money gram, what will be the cost in naira for each transaction? Maybe he could do that if possible and have someone else to do same as well.
        I appreciate your swift response. Thank you.

        1. Hello Chichi
          You’re welcome.

          Firstbank still do Western union and UBA still do MoneyGram. If he is to transfer 1000USD, that’s about one hundred and ninety thousand naira (N190,000). For the Firstbank Western Union, the transfer charge is about sixteen thousand, eight hundred naira (N16,800). So, the total is about two hundred and six thousand, eight hundred naira (N206,800). For the MoneyGram, the transfer charge is about fourteen thousand, four hundred naira (N14,400). So, the total is about two hundred and four thousand, four hundred naira (N204,400).

          As for writing to GTBANK manager to sell naira in savings account to dollar domiciliary account, restriction has been placed on it however, you can still sell dollar in domiciliary account to naira savings account or current account.

          My own request; how can you support the work I’m doing here.

  12. Hey Emma. Thank you for the post.
    Could you clarify if one can use ATM cards in the US in January? I’ve been hearing that withdrawals would be banned as of the 1st.
    Also, Is it possible to change naira to dollar in Nigeria at this point and have someone that is travelling bring it into the US? It has become very cumbersome trying to transfer money to the US and the fees are ridiculous.
    Thank you

    1. Hello Ereoluwa,
      Sorry not to have respond to your questions very fast, I took a break but I’m back to work.

      Yes, CBN ban the use of ATM Debt/credit cards outside Nigeria starting from January,1st 2015; this came up as result of Deposit money bank issue(DMB).

      Yes, it is possible to change naira to dollar in Nigeria at this point moreover, If the money is a huge sum, getting it into US might be difficult.

  13. Hello Emma,
    Am a prospective student in one of south african universities. For the past 2 years I’v had problems paying everything that needs to be paid in SA including school fees and medical aid fees. I remembered paying 17k as charges for R600 application fees then at Stanbic bank which i believed was a subsidiary of Standard bank in SA, after opening their DOM account with 100USD. Moreso, i was the one looking around the streets for the exchanges from naira to rand and vice versa. It still haunts me till now! Presently i need to make payments again for medical bills and school fees, please how clean can I go about this without incurring another mouth-watering charges? I have both current and savings account with gtb.

    1. So sorry not to have respond to your comment very fast, Felix. I took a break but I’m back to work.

      You need to open a domiciliary account with Gtbank in addition to those account you mentioned.

  14. please ,i want to pay for training course in italy about 10000 euro ,kindly advise the best possible options as i don’t have dom account…

  15. Hello Emma, I based in Dubai, I heard yesterday that western union money transfer has been on hold in Nigeria as of now… Well, I planning on receiving money through WU here next week and its the only option I got right now… So I wanna know how genuine is the information I got about this WU… If its really true or not…

    1. Hello Bamidele,
      I’m very sorry in delay in my response to your request, I took a short break but i’m fully back to work.

      Western union money is NOT on hold, it is still working perfectly.

  16. Hi, pls I need to pay for several postgraduate registrations(abroad). I’ve tried all my debit cards(using the online transaction option)but it hasn’t gone tru..I just need to pay about £100. I’m thinking of trying the money gram or western union thing.
    Pls what’s your advice on this..if I’m to go for western union,how much will I be charged for £100.

  17. Hello Emma

    I find your insight refreshing. Thanks for taking the time to do this.

    I took your advise re: contacting GTB to sell Naira into my Dom acct with them. I live abroad and so can’t go into a branch but the agent I spoke to on the phone said they dont don’t convert Naira to dollars under any circumstance.

    Do you per chance have a contact in GTB who knows this process you mentioned.

    And incase GTB’s a no no. I would like to know more about PayPal fees for transaction

    Thank you for time


    1. Hello Oyinda,
      I’m very sorry in delay in my response to your comment, I took a short break but I’m back to work.

      YES, It is now difficult. In fact, it is now practically impossible for any bank to sell naira to USD but selling USD to naira is still working perfectly.

      As for PayPal fees, transferring up $5000 can attract up to $250 transfer charge depending on where the money is being transfer to.

      1. Hello Emma

        Just saw your reply. Had thought the thread was abandoned. Thank you. I had used money gram for the last little bit but even that is Inaccessible now.

        I am now looking at the PayPal option. Hope it proves viable.

        Anyway I can support what you do here? Cos it sure is a needed service.

        1. Hello Oyinda,
          Thank you such much for your concern on supporting the services we render here. That’s speaks good of you. I will reach you via your email address.

          Right now, Western Union and MoneyGram are temporarily not accessible. As I inquired two weeks ago, firstbank of Nigeria will start outbound money transfer services (Western union and MoneyGram) before the ending of this month, March. I pray they do as they said.

          PayPal may be a good option. You can also try opening a domiciliary account.

          1. Hello Emma

            I look forward to hearing from you. Called First Bank just now. they said they now have outbound Moneygram transfer but wouldn’t specify the rate. my problem is I cant work with the black market rate for my business.
            Looked into RIA but that’s closed down also.
            Anyway, maybe you can shed some more light on way forward when we talk.

          2. Hello Oyinda,
            I will never advise any business man to go by black market in sourcing for foreign currency . However, I do not know the nature of your own business; if your business is based in Nigeria and it involves importation then you are bound to rely on black market for foreign currency. The Government does not encourage importation in anyway.

            Domiciliary account is working perfectly but the issue is how do one fund it in Nigeria. For optimal use of domiciliary account, you will rather need inflow than outflow.

            Firstbank promised me that their western union and moneygram transfer services will definitely work this month, I believe they are putting every thing in place for that.

            PayPal is another good option one may try at a time like this.

            Some form of Nigeria Online bureau de change are coming up to ameliorate the situation. However, you know that the issue of money is a delicate one and bad people are always ready to take undue advantage.
            We will talk more via the email.

  18. hello Emma,
    Am currently in the Philippines and having issues receiving money for my tuition and all that. can my parents use the western union in first bank to send me money? and today i received a mail saying from first of January there will be no use of ATM cards outside of Nigeria does that also include western union? how do i get the paypal account so ill let my parents know which option is better because i am really stranded here. thanks for all your response so far.

    1. Hello Irene,
      Your parent can use western union money transfer to send money to you but they can only send $1000 in every three months. They can also use moneyGram to send money to you at the same $1000 in every three months.

      The use of Naira debt and credit card outside Nigeria which was ban by the central bank of Nigeria (CBN) on Monday WILL NOT affect this however, YOU CAN NO LONGER USE YOUR NAIRA DEBT CARD TO WITHDRAW THE MONEY SENT TO YOU; THAT IS THE IMPLICATION OF THIS.

      To get or open a PayPal account link to your Nigeria bank in which your parent can pay in money for you , you need to be in Nigeria to do this. See how to open verified PayPal account with GTbank

  19. I am from pakistan i have a customer in niegeria he want to send some payment for to buy some goods he is telling me from last week that international transaction are tottaly off even western union and money gram also stopped to international transaction please guide me.

    1. Hello Hussain,
      Western Union and moneyGram are still working perfectly. The only thing that have change is the amount he can send to you through them. You can invite him to read this post and the comments, where he is confuse; I am ready to clear him.

  20. Thanks Emma for taking time out to answer all the questions.
    Am currently out of the country and I have been able to sustain my family and the little things I came to do here with the daily $300 withdrawal limit, but now my bank says I can only get $1000 a month on pos/atm/online transfer.
    How true is that please? Because am already out of the 1000 limit for Dec and I honestly don’t know what to do as I don’t have a domiciliary account.
    Any suggestion on what to do please?
    I have just my naira master card with me.
    The Bank is Keystone bank.

    1. The rule has not change. It is still $300 daily withdraw limit outside Nigeria. Call your bank, find out why they have to change to $1000/month on POS/ATM/online transfer. Explain to them your predicament. If you want me to do that for you, I can.
      Had it been that you open a PayPal account with any Nigerian bank that would have been another option.

  21. Thanks Emma for your useful guidance. I am not sure if you can instruct your bank to transfer naira from your current or savings account into your domiciliary account. How is that possible?. At what exchange rate will the bank use for the conversion?.

    If that is truly possible, then there is no issue for transferring money abroad. The conventional way we use to do before was to get Dollars from Black market / parallel market, deposit into your Dom account, and then finally use wire transfer to your desired account overseas. But with new CBN policy that you cannot deposit forex (USD, GBP, EUR etc.) into your Dom account, its been a serious challenge for people like me that I need to remit some funds monthly to my family abroad. Pls I need guidance from you as to what is obtainable today based on current CBN policy

    1. Hello Oladoyin,
      To transfer naira from your current or savings account into your domiciliary account is NOT possible but to instruct your bank to sell your naira (money in your saving or current account) to dollar is Possible. The problem is that not every body who want to send money abroad operate domiciliary account. Again, when you meet the wrong people at your bank; the answer you will always receive from them is that it is not possible to deposit money into domiciliary account.

  22. I have an account with PayPal linked to a bank in Nigeria. If I travel outside the country can I link same PayPal account opened in Nigeria with other banks in another country and transfer money from my PayPal account to the bank.

  23. Thank you Emma for the educative post. I am not quite clear on a subject. If a large sum of money is sent to me while I am in the US through paypal, how do I get access to it? Does that mean I have to withdraw a maximum of $300 daily to handle the cash form?

    1. Hello Michelle,
      Your question is NOT quite clear to me but I guess you’re asking how you’ll withdraw the money sent to you in US through PayPal. Anybody sending money to you in US through PayPal will of course send it your US PayPal account which you can easily transfer to your personal bank account. If you want to withdraw this money in US (depending on your personal bank account) using Nigeria bank ATM debt card, the maximum daily withdrawal Limit is $300 with about $2 access charge.
      Please, if I didn’t answer your question, feel free to reframe and ask again

  24. Good day, I want to know if I transferred $1000 through western union, will it be possible to send another $1000 through money gram making total $2000, or is the $1000 limit the total for the quarter irrespective of the transfer medium?

    1. Hello Emmanuel,
      Yes, it is possible. You can send $1000 through western union and another $1000 through MoneyGram making a total of $2000. However, I will suggest you do that in 2 different banks.

      1. By two banks, please do you mean different branches of the same bank because only first bank does outbound both for western union and money gram as I have tried other banks.

        1. I DO NOT mean different branches of the same bank. It is NOT ONLY Firstbank that does outbound money transfer. UBA does outbound money transfer through their “Naijasend” MoneyGram. So, a good combination for this purpose is firstbank western union and UBA MoneyGram. Fidelity bank also offer MoneyGram service.

  25. Dear Emma,

    I need help to send about $8600 to China for parts for my equipments. I tried through TD Bank in the US, but the HSBC in Hong Kong returned the money to the US without informing the recipients in China. Can I transfer the money to my account in Nigeria now, and then wire to China? I’m in a crisis, please help!

    1. Hello Akin,
      If you have a domiciliary account here in Nigeria, return the money to your domiciliary account in Nigeria and then wire it to China. Remember, you will incur some transfer charge.

  26. Contacted all the bank but they said that temporary they are not sending money outside Nigeria through Western Union. will try money gram.

    1. Hello Ken,
      As of today, You can still send money outside Nigeria via Firstbank Western Union. There has Never been anything as temporary suspension in the use of Firstbank Western Union transfer service. Also, Firstbank MoneyGram and UBA MoneyGram are also still working perfectly. For MONEYGRAM, the transfer charge is fourteen thousand, four hundred naira (N14,400) and maximum transfer is one hundred and ninety eight thousand naira or the equivalent dollar amount ($1000). For WESTERN UNION, the transfer charge is sixteen thousand, eight hundred naira (N16,800) and the maximum transfer is one hundred and ninety eight thousand naira or the equivalent dollar amount ($1000).

  27. Please ,I want send money to my brother who is in U.S.A from Nigeria but western union in Nigeria said that they can’t send temporary now. Please how can I do it cos he need the money for school.

  28. Weldone Mr Emma.. pls i want to know what the charge will be to send less than a $1000 to the US and UK through Western union as well as Money gram. Thanks

  29. 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

  30. 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!

    1. Hello Memoi,
      Your compliments are appreciated!


      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 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.


      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.


      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.


      If you use your bank, you will enjoy bank exchange rate

  31. 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

    1. 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.

      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.

      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.

      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.

  32. 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

    1. 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.

      1. 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.

  33. 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.

    1. 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.

  34. 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.

    1. 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.

  35. 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

    1. 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.

  36. 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.

    1. 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.

  37. 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.

    1. 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.

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