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How to transfer money from Nigeria Bank to Foreign Bank Account

  • by EMMA ONWUKA
  • February 7, 2015
  • 146 Comments

I recently travelled to South Africa for SONA scientific conference. Before I left for South Africa; I have to make all necessary payments patterning my registration for the conference here in Nigeria. I thought of different ways to do this. One easiest way that I finally used to register for the conference was to transfer money from my Nigeria bank account to the foreign bank account number that was sent to me for conference registration payment.

How was I able to transfer money from my Nigeria bank account to this foreign bank account number?

Transfering money from Nigeria Bank account to a foreign bank account is pretty very simple. All you need to do is to open a Domiciliary Account. It is very safe and secured. When it comes to transactions that have to do with sending and receiving of money in Nigeria from oversea or from oversea to Nigeria, domiciliary account is the last bus stop. I tried using my bank current account, western union money transfer and my credit card; they all failed me.
So, for the payment of the SONA Scientific Conference I have to open a GTBank domiciliary account.

How did I open the domiciliary Account?

A week before I travel to South Africa for the scientific conference, I went to GTBank in Enugu for my conference registration payment. I tried to pay with my credit card or do transfer payment via my current account but both failed. The customer service advised me to convert my current account to domiciliary account or rather open a fresh domiciliary account.
Right there at the bank, I was given a form to fill for opening a domiciliary account and alongside asked to provide;
2 references who operate current account (GTBank current holder would be preferable, they said), driving license, international ID card, National ID or voter’s card, utility bill and 2 passport photographs for the complete account opening. I filled the domiciliary account form and two days later, I returned back to the bank to complete the registration. I open three domiciliary at the same time- dollar, euro and pounds domiciliary account that will aid all my foreign transactions in nearby future.

How did I transfer the conference registration fee from my Nigeria domiciliary bank account to the South Africa bank account?

After opening the domiciliary account, I pay in the conference registration fee into the domiciliary account but before I was able to pay in the money into the account; I have to convert it to dollar. Dollar is an international accepted currency. However, Gtbank does not deal on changing currencies; I have to visit First bank of Nigeria plc for the conversion.

Remember, there are still other money changing agents you can visit for this purpose.

From my Nigeria domiciliary dollar account, I transfer the conference registration fee to the South Africa bank. In less than 24hours, they phoned; telling me that my payment has been received.

Four days later, I was at the SONA scientific conference in South Africa.

This is how I transfer my conference registration fee from my domiciliary bank account here in Nigeria to South African Bank account. This is one of the surest easy ways to transfer money from Nigeria Bank to Foreign Bank Account. You can transfer money from Nigeria to Ghana, USA, India, Australia, Dubai, China, Malaysia, Canada, UK ; in fact to  any  country in the world in the same way and it work well in all cases. It is highly secured. You can also transfer money to Nigerian bank from any country of the world in the way, all you need to do is to pay in the money into your domiciliary account wherever you are in the world, come back to Nigeria and withdraw the money.

OK, Now It Is Your Turn; Let’s Hear From You. Have You Tried Transferring Money From Any Nigeria Bank To Foreign Bank Or From Foreign Bank To Nigeria Bank? Tell Us Your Story.
Use the comment box.

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146 thoughts on “How to transfer money from Nigeria Bank to Foreign Bank Account”

  1. Otis D. ROBERTSDecember 1, 2019 at 3:35 am

    I live in the US but im trying to send money to my family in Nigeria bank account. Whats the best methods…?

    Reply
    1. EMMA ONWUKADecember 1, 2019 at 8:29 pm

      Wire transfer to domiciliary account

      Reply
  2. JideJune 27, 2018 at 5:44 am

    Hi Emma. Thank you for your good works. How can I get an international money order or a dollar bank draft in Nigeria? I am supposed to complete an application for a US professional exam and the mode of payment acceptable for foreign applicants is either of these two. I have approached gtbank where I have a domiciliary account, I was told they don’t have the services

    Reply
    1. EMMA ONWUKAJune 27, 2018 at 9:19 am

      Such service is not available in Nigeria. Pay them via wire transfer.

      Reply
  3. NwabisaJune 18, 2018 at 7:05 pm

    Hi Emma is it possible 2 receive money from Nigerian acc to South African acc?any possible ways

    Reply
    1. EMMA ONWUKAJune 18, 2018 at 7:21 pm

      Your question is not clear, Nwabisa. Reconstruct, please.

      Reply
  4. kennethJanuary 29, 2018 at 4:22 pm

    Hello Emma,

    If I sent some money to a foreign account through my Nigerian domiciliary account, say on a Friday afternoon, when would the beneficiary be in receipt of it and how do I know that he is already in receipt of it?

    Reply
  5. kennethJanuary 24, 2018 at 10:39 pm

    Hi Emma. As I read through your post “how to send money from Nigeria to another country I was filled with astonishment at your wealth of knowledge and experience and at how easy it is for you to provide answers to questions within the shortest possible time. Thank you very much for your selflessness. pls tell me
    1. What advantage is there in having a First Bank domiciliary account over those of other Banks?
    2. If I only had a savings and a domiciliary accounts here in Nigeria but I’m in Canada for a purpose, can I pay for a product through my domiciliary account while still there in Canada?

    Reply
    1. EMMA ONWUKAJanuary 24, 2018 at 11:46 pm

      1. I Prefer GTBank and Diamond bank domiciliary account to Firstbank domiciliary account. So, FirstBank domiciliary account has no advantage over those of other Banks.
      2.”Can I pay for a product through my domiciliary account while still there in Canada?” Yes, of-course!

      Reply
  6. GabbyNovember 9, 2017 at 2:14 pm

    I had a chat with a customer service agent(GTB). It is the fastest way to get adequate info. The lady was helpful and sent me all documents required to open a domicillary account & how to get a dollar naira master card. try this link: http://www.gtbank.com/personal-banking/products/savings-and-investments/smart-kids-save/

    Reply
  7. chineduAugust 16, 2017 at 3:34 pm

    Hello, i recently opened a domiciary account with Gtbank…. Say i want to transfer money to Australia, do i have to go to the bank each time i wish to transfer or can i do it using my mobile app(gtbank Mobile App)……(i already have money in the account)

    Reply
    1. EMMA ONWUKAAugust 21, 2017 at 7:54 pm

      With Diamond bank Domiciliary account, you can do the transfer online but since it GTB; you have to visit the bank each time you want to do transfer.

      Reply
  8. smartyMay 31, 2017 at 12:03 am

    Great job as I read from the top… speaking of the domiciliary account, can I make use of First bank? if yes!, Q2 – you made mention of going to First Bank to convert naira to dollar earlier at the fourth paragraph … so can anyone in nigeria deposit into my domiciliary account by converting naira to dollar there right in the bank?

    *Hat Tip…*

    Reply
    1. EMMA ONWUKAJune 1, 2017 at 12:14 am

      1. If you want open domiciliary account it with diamond bank or GTBank.
      2. you can convert naira to dollar in any bank in Nigeria.

      Reply
  9. faithApril 18, 2017 at 8:42 am

    Please what is the easiest way to make donation into an account outside Nigeria eg South Africa. My bank recommended PayPal but is not working I don’t know if its because of the. Verve card am using. Please how can I go about it

    Reply
    1. EMMA ONWUKAApril 18, 2017 at 5:49 pm

      Read this now: How to send money from Nigeria to another country

      Reply
  10. Oluwaseun OdebunmiApril 6, 2017 at 5:52 pm

    Dear Emma,
    I think it might really not be necessary to communicate via Whatsapp.
    I would be leaving Nigeria for Canada at the end of this month to commence my graduate program in may. I would like to inquire if there could be a means of funding one’s domiciliary account by transferring money from my naira account (maybe through internet banking). I’m a salary earner and my naira account would be credited with my salary. How then can I fund my domiciliary account from my naira account especially if I don’t want anyone handling this for me. I definitely can’t travel down to Nigeria each time I’m paid and need to buy dollars from the black market in order to fund my domiciliary account. Your immediate response would be highly appreciated.
    Thanks in anticipation

    Reply
    1. EMMA ONWUKAApril 7, 2017 at 10:32 am

      The only means now is to use a third party. This will incur you some charges.

      Reply
  11. Chijioke morrisonFebruary 1, 2017 at 11:53 am

    I mean if i want to pay through paypal will it be successful?

    Reply
  12. Chijioke morrisonFebruary 1, 2017 at 4:45 am

    That is d problem…in paypal do u think they can credit the company huge sum of amount?

    Reply
    1. EMMA ONWUKAFebruary 1, 2017 at 9:56 am

      I don’t understand!

      Reply
  13. Chijioke morrisonJanuary 31, 2017 at 6:42 pm

    Domiciliary account but i will buy dollar from black market before the transfer right?

    Reply
    1. EMMA ONWUKAJanuary 31, 2017 at 8:09 pm

      Yes!

      Reply
  14. Chijioke morrisonJanuary 27, 2017 at 12:07 pm

    Admin i heard they have blocked all the means of transferring money unless u buy dollar from the black market,please if there is any other option apart from western union n moneygram with Ria please tell me because am a business man and need to transfer to my client thanks and waiting.

    Reply
    1. EMMA ONWUKAJanuary 29, 2017 at 11:35 am

      Hello Chijioke morrison,
      Use Domiciliary account or PayPal account

      Reply
  15. AkposkellyJanuary 18, 2017 at 12:19 am

    Hello Emma, thanks for the good work…I need your advice on this issue. I want to send money from Nigeria to USA without using moneygram or western union because I want the money to go directly to that US bank account. Is it possible to do wire transfer using Nigeria Dom account after being funded? Secondly, which bank do you advice I open the Dom account, bank that won’t have restrictions on transferring money from Nigeria. Thirdly, you said, you bought dollars from first bank, pls at what rate do firstbank sells the dollar now. And how can I buy dollars from first bank. I need the processes involved because when I got to diamond bank, they said if I open Dom account with them, I will go and source for the dollars outside that they don’t sell dollars. I need your help sir, thanks

    Reply
    1. EMMA ONWUKAJanuary 19, 2017 at 8:30 pm

      YES,It is possible.
      Open it with GTBank or Diamond
      No bank sell dollar.

      Reply
  16. tonyiJanuary 8, 2017 at 1:32 am

    I think the best way to transfer money now to any part of the world is by bitcoin,it is safest,faster and also charges free.

    Reply
    1. EMMA ONWUKAJanuary 8, 2017 at 10:49 am

      Hello Tonyi,
      You are making a point but the issue is; how many people know about Bitcoin.

      Reply
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