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

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

  2. 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

  3. 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?

  4. 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?

    1. 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!

  5. 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)

  6. 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…*

  7. 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

  8. 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

  9. 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.

  10. 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

  11. 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.

  12. Hello you all
    I’m from Austria but was born in Nigeria. I would like to open an bank account in nigeria so that I can receive from nigeria.
    This is how I think it could work for me, my friend pay Naira in the account and I receive euro.
    The problem is I don’t know if that is possible and if yes which bank is the best?

    Sry for my poor English

  13. Hi,

    i just opened a cooperate dom account with Diamond bank,

    1, can i withdraw all my money in it ($395)?

    2, if i want to transfer funds to China what will be the offshore bank charge, because the supplier said i have to bear the offshore charge and diamond bank charge as well?

    3, diamond or gtb which of them is the best to run a dom account?

    4, i opened a paypal account an i was told to link my savings account with it, pls can i fund my paypal account with my naira savings account?

    5, how do i withdraw money from my paypal account?

    1. I. Yes, you can withdraw all.
      2. The maximum transfer via DOM Account is $10000/day (GTBank).
      Transfer charge or fees via DOM account (outflow) is based on commission and it goes this way: 2% commission on every transfer, 5% of 2% commission on VAT, N4000 for Teles (optional but necessary). You will receive alert of the deposit within 48hour of the transfer by your bank (GTBank).
      3. Both are good but some people tender to prefer Diamond DOM A/C because you can carry out online transaction using Diamond bank Domiciliary account.However, I use GTbank Domiciliary Account.
      4. Yes.
      5. There is no provision for that for Nigerians.

  14. thanks very much admin, I want to open the account, but my fear is can I pay in below 100 dollar because they said I have to open it with a 100 dollar, and when transferring money, is the charges that high?

    1. Hello Silas,
      Don’t be afraid open the account. You can pay in 100 dollar and withdraw it immediately. The charge maybe a bit high but it is still the best if you are sending out money.

      1. Thank you so much sir, but i still want to know, What are the requirements to open the domiciliary account, can I use my permanent voters card with Gtbank, and after opening the account with 100 dollar can I pay in below 100 dollar and transfer it to any bank account in Ghana, and also can I use my naira account to transfer money into the domiciliary account here in Nigeria. Am waiting for your reply soon because I need to open the account this week. Thanks 

  15. Hi Emma,

    Can you confirmed please if it is possible for a corporate entity based in Nigeria to send from it´s naira account naira to another naira bank account in South Africa ?

    Many thanks

  16. I want to open a dorm Acct so that I can send the money to South Africa, does this mean that if I have the money in my savings Acct and want the bank to transfer the money to my dorm Acct ?? I mean Firstbank savings to Firstbank dorm.
    The bank will automatically convert the money and transfer it??

  17. Another thing pls, I took time to go via ur article on d use of first Bank PayPal method.
    In my take, it sounds way easier. Though jux on my mind except my cleared on this one thing….. It’s naira one will definitely hv on the said accounts like u said”savings/current ”

    Q:::::When u r on their Internet banking page, does funding ur PayPal account using ur First Bank cards come directly from the amount of naira u hv on it?

    Reason for asking is because for that of the Gtb or any USD Dom ACCs, U mentioned depositing Dollars.

    There comes my assumed “easygoingness” with the choice of using PayPal from FBnk.

    Awaiting ur rply.

    1. Hello DnkyGh,
      I am just seeing your comment now because it was not marked red as new comment.
      Yes, you can fund your Firstbank PayPal account using First bank card through savings account. However, you have be aware that any transaction you make through the Firstbank PayPal account, you will be charge at black market exchange rate.

  18. Tnx again. Will let u knw abt my encounter. Still verifying my card n trying to fund it with the Gtb M. Card. I’m told shud tk 1-3days for the first time verification plus d funding I made

    Will kip u posted wit any development as same unfolds.

  19. Tnx again for ur swift response.

    I received the mail U sent me.

    We just resumed from vac. And dis week is rolling out with course registrations only. It’s a Lil to tight, upon visit to pay fees next week, you should get something for this service u render.

    Next week will afford me more time on hands to visit the bank to redeem my modest donation.

    Q: Pls does it mean dat skrill account is only funded with USD dom account? Cos the available currencies don’t include Naira/cedis.

    Therefore, does it mean my mode of funding will only b based on using a USD dom acc?

    I tot u said I cud fund it via any of my accounts. Nigeria /GH. Using my Gtb master cards..

    1. Hello DnkyGh,
      GTbank Naira MasterCard will work perfectly on Skrill account. Try it and tell me what you see. If you have challenge, let me know .

      Thanks for your anticipated Donations to Nigeria iBusiness Guide! Your free-will donation and contributions to this site will be well displayed on the top corner of the frontpage of this site as part of those who champion this site.

      1. Can ecobank card also works on Scrill,if not, hw can one use ecobank card online, also, does any form of outbound transfer still works , if yes, please which

        1. Hello Sal,
          Ecobank card does not work with Skrill account.
          Yes, we still have outbound money transfer service such as:
          1. bank wire transfer via domiciliary account
          2. Western union transfer
          3. MoneyGram
          etc.

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