Funds can be received as cash or directly into account. Their system is based on local bank account transfers, which makes them much cheaper compared to other providers and banks. This is a list of non-interest banks in … I didn’t know. Customers and non-customers can pick-up cash in US Dollars at any of our branches or have deposited directly into their domiciliary account upon receipt of foreign currency. The Western Union Online Service is offered by Western Union International Bank GmbH in conjunction with Western Union International Limited. Before you leave this page, it is also important for you to note that the Western Union exchange rates, CBN exchange rates, and that of the parallel market (or black market) have different values from that of the Nigerian banks exchange rate today. Western Union . Union Bank is fully owned by Nigerian citizens and organizations all within the private sector. To talk to us about how we could support your business, please call us on: A recipient has to know the Test Question and answer for the transaction. +234 1- 2712005-7, +234 1-2802500, 07003000000, 01-2273000 Send money online to 200 countries and territories with hundreds of thousands of Western Union agent locations. Today with over 500,000 Agent locations worldwide in over 200 countries and territories, millions of people trust Western Union to send and receive money worldwide. Titan Trust Bank Limited. To send money through Western Union to loved ones outside Nigeria, you do not need to open an account with the bank. Performance: Information in these cookies enable tracking page performance, feature improvement and beta testing. Find Agent / Western Union / Nigeria / Lagos. Unity Bank Plc. In addition, sending more than $10,000, or the equivalent amount in Naira, the Nigerian currency, will be reported to the Central Bank of Nigeria. Western Union Lagos. This is how to receive money from Western Union in Nigeria. This is what I shall attempt in this article. The basic requirements are: 1. Western Union Rates In Nigeria – January 2021 by Techorg updated January 3, 2021, 9:00 am This post is updated daily with the accurate figure on Western Union Money Transfer receiving and sending rates from Dollar to Naira, Pounds to Naira and Euro to Naira. Yes you can! This is a list of commercial banks with Regional Authorization in Nigeria, arranged alphabetically: Globus Bank Limited. Whistle blowing; Careers; There will be a scheduled upgrade on this platform … Track a transfer. Find locations . Today with over 500,000 Agent locations worldwide in over 200 countries and territories, millions of people trust Western Union to send and receive money worldwide. 1, AFESS Road, Alaba, Lagos State, Nigeria. Send and receive money worldwide from Nigeria. here. Thanks for telling me. Visit the post for more. Learn more about sending money. United Bank for Africa (UBA) – One of Africa’s leading financial institutions offering universal banking services through a network of over 700 branches and 1,740 ATMs in 19 African markets. Moneygram, Western Union or any other one, no one will pay out in forex . 9. It’s actually a directive from the Central Bank of Nigeria to all banks to henceforth pay only in Naira at the current exchange rate, and not any foreign currency. Western Union money transfer is an electronic funds transfer service that enables people send & receive money from over 250 countries and Western Union Agent locations around the World and receive them in over 300 Access Bank branches nation-wide. Create your Western Union profile to send money online. Western Union and MoneyGram were expensive and painful to use. However, the company does not allow customers in Nigeria to transfer money abroad, so wire transfers can only be sent within the country. Their head office is located at Stallion Plaza, 36 Marina, Lagos. They have commercial banking license with international authorization. Nigerian International Passport/Foreign Passport. “Western Union is becoming a problem and we are working to bring sanity into it because some banks are using it to defraud Nigerians. Western Union made so that the time in all of American civil services was the same. Find out the status of your money transfer. Welcome; Leadership; Media; Bank With Us . Historically, Union Bank is believed to have stemmed from Barclays Bank established in 1917. You had to find a store to fill the form and hand your money over. If you receive more than $10,000 (or the equivalent in Naira), your transaction has to be reported to Central Bank of Nigeria. You can pick up money at any participating Agent location in the city selected by the Sender anywhere. Ade Bajomo becomes President of FinTechNGR explains Technology and Innovation will drive Nigeria’s Banking Sector... Access Bank Reiterates Commitment to Service Excellence, Access Bank becomes first Sustainability Certified African Commercial Bank. The Western Union Online Service is offered by Western Union International Bank GmbH in conjunction with Western Union International Limited. Deposit in a bank account or pick up in cash. Wema Bank Plc. Access/GE Healthcare Equipment Finance scheme, Access Bank Recognized as the 'Best Digital Bank In Africa' 2020, Access Bank Reiterates Commitment to Technological Innovation with Sponsorship of Nigerian Fintech Week 2020. ABSTRACT Commercial banks in Nigeria have been facing a of problem. Providus Bank Limited. Vera Ezimora says. It was then first called Colonial bank. Union Bank Plc 1A, Old Ojo Road, Maza-Maza, Lagos State, Nigeria. With two convenient ways to receive money – in bank accounts or in cash – we make sending money transfers fast and reliable for both sender and receiver. Test Question and Answer where applicable. ... Is there any company that transfers money from the us to Nigeria without problems western union said sending money to Nigeria is a scam and don't do it. Send money around the world, Send money online or in person from an agent location to over 200 countries and territories. First Bank of Nigeria Limited; About Us. Find an agent. They have commercial banking license with international authorization. Thanks brother. Cookies are small text files placed on your device by an app, website or email that you open. Re: How Do I Receive Money Via Western Union Money Transfer/moneygram by Sharingan : 1:32am On Nov 18 , 2013 Nigeria: $13: $49: $5: $30: Germany: $26: $81: $5: $40: Singapore: $26: $81: $0: $15: UK: $26: $81: $2.99: $12: Western Union exchange rates. Roslyn O . track transfers. 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