Receive Money Through Western Union In Nigeria

One of the fastest ways of receiving money from abroad into Nigeria is by making use of Western Union. Yes, Western Union is fast and works with all the banks that are in Nigeria.

For people who are sending money to Nigeria using the service, I think there is normally a fee for that and you can make use of Western

Union online fee estimator. Ordinarily, there are other ways of receiving money from abroad into Nigeria such as making use of a bank wire. A person is allowed to send money to another person's

bank account in Nigeria directly using a bank wire service and same goes for a Nigerian who also wants to transfer money abroad. In the

first case, he sends money in foreign currency to a beneficiary's domicialiry account in USD,

GBP or Euro. 

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     Bank wires uses the traditional method of moving from one bank account to another takes some time and in Nigeria, it takes about 7 days. A western Union money transfer

service on the other hand takes only a few minutes and you'd be able to receive the money in Nigeria once it is available at the agent or bank location.

     Western Union's money transfer service is faster than bank wires based on what I've seen and it's an effective way through which many people receive money in Nigeria from

abroad.

    A father who sent his son to the USA for graduate studies is normally cheerful when that son starts working and remembers to send money back to support his parents.

How does Western Union work in Nigeria? Well it begins with an application at Western Union's official website or office with the

sender providing the name of the receiver, the country and the amount he/she wants to send. An application is normally submitted with a

cash or card payment at an agent location or on the web.

After the transaction has been completed, the sender would be given a receipt and a Money

Transfer Control Number(MTCN) which he would send to the beneficiary so that the latter would then proceed to the bank or WU

agent to collect the money. In Nigeria, Western Union payments can be made directly to people's account or in cash but a new rule says that the receiver must also at least have a bank account with the

bank where he wants to collect the payment. Payments for Western Union money transfers

are normally still made in foreign currency and the receiver is allowed to choose to receive a Naira equivalent over the counter or choose to receive it in the foreign currency it was sent. So, to collect money from Western Union in Nigeria, what the receiver needs to have are the MTCN, Personal ID Card and at least a savings account. He/She would then proceed to the bank where he has an account and then request for a form to fill in the details of the funds they are expecting from abroad. Learn More

  Also Read: how to receive money from abroad to Nigeria