How do I send money to Nigeria if I am living abroad?

Nabanker


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Posted by on Tuesday September 23, 2014 at 12:22:1:

I recently received an email from someone asking for help on how to keep saving money into his savings account domiciled in Nigeria if he was living in the UK. He didn't want the account to go dormant and also wanted a way to just send money into his account in Nigeria from abroad probably so that by the time he comes back home, he would have something tangible to use.

Well, I think there are many ways to go about it and I'm just going to touch on the ones I know of.

Using a Bank wire: This basically involves transferring money from one bank to another. If a Nigerian already has a bank account in a foreign country, he can simply request for a wire transfer service from his bank to his Nigerian bank account. It normally comes at a fee and the sender would just have to provide the banking information such as account number, SWIFT code and other details. You can do a bank transfer to either a Naira or Domiciliary account that you have in Nigeria and it should be credited within 3 to 5 days.

Using Western Union: Apart from doing a wire transfer from your bank, you can also make use of Western Union to do the transfer. You can use WU to send money to your Nigerian bank account by using a credit/debit card, cash or bank account. You can send it to a Naira or domiciliary account that you have in Nigeria and it would be credited.

Using Diaspora banking: Nigerian banks also allows citizens resident abroad to open what is known as a Diaspora bank account. This helps them manage their assets in Nigeria as well as even acquire new assets too. With a Diaspora account, you can send money to your Nigerian bank account from time to time.

Using a relative in Nigeria: If you've got a trusted relative in Nigeria, you can also tell him/her to deposit funds to your account from time to time. You may send them money through Western Union or just tell them to deposit funds into your account from time to time so that it doesn't get dormant.

Conclusion:
After you've sent money to your Nigerian bank account, you can always confirm that it has been credited by checking your bank account online using internet banking or checking any email alerts from your bank. This is one of the reasons why you should sign up for transaction alerts with your bank as it helps you know how much is going out and how much is coming in.





Comments:
Re: How do I send money to Nigeria if I am living abroad? Reply by Azeez nofisat opeyemi on Thursday October 15, 2015 at 20:56:53:

Pls i need a help





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