Nigeria’s Central Bank has reversed a controversial decision which severely curtailed small to medium sized money transfer companies from operating in the country and favored only the biggest players. … As a result, only three MTOs—Western Union, MoneyGram and Ria—were left free to operate in the country.
Does Western Union still work in Nigeria?
Yes. You can send money from most of our agent locations in Nigeria.
Why was my Western Union banned?
You may have entered the wrong bank account information or gone beyond your credit card limit. Western Union may decline your transaction as well. The most common reason for the decline is being unable to prove your identity. Your transaction may be declined if you do not meet Western Union policies and requirements.
Can I receive money through Western Union in Nigeria?
Visit one of the 4,500+ Western Union agent locations1 in Nigeria. Provide your sender’s name, the amount expected and the tracking number (MTCN). Show a government-issued ID. Get your money once your details have been verified.
Can I send money from Nigeria to UK through Western Union?
You can choose to send money straight to their bank account or for a cash pickup in minutes2 at a Western Union location.
Can I receive Western Union to my bank account in Nigeria?
So, the platform that allows you to receive Western Union payments straight to your bank account is Wema Bank’s ALAT. Alat is Nigeria’s first fully digital bank. Their account opening, card collection and verification is all done online from the comfort of your home.
Why is it so hard to send money to Nigeria?
Sending money to Nigeria from USA or from any other country is often a big help for your relatives and your friends living there. But it can be hard as well because of the strict money transfer regulations because of the anti money laundering rules.
Can Western Union block you from sending money?
In addition, Western Union will have block money transfers to anyone who is the subject of a fraud report, provide clear and conspicuous warnings to consumers, make it easier for consumers to report fraud, and refund a fraudulently-induced money transfer if the company failed to comply with its anti-fraud procedures.
What happens when Western Union blocked you?
If the sender or receiver is on the list, Western Union will hold the funds and are prohibited from paying it out and will refund the sender’s money. … Another reason the money can be placed on hold is if they suspect a sender or receiver of fraud or money laundering or some sort of financial crime.
What is the maximum amount of money I can receive from Western Union?
Maximum payout amount: The maximum Western Union transaction amount is $2000 USD. If your payout is more than $2000 USD, it’s divided into several smaller transactions. Western Union can’t process identical sums on the same day, so if you have a payout of $4000 or more, only $2000 can be processed per day.
What is the limit of Western Union in Nigeria?
A maximum send limit of 1,000USD Naira equivalent per customer per quarter, as stipulated by the Central Bank of Nigeria.
How can I receive a dollar payment in Nigeria?
Ways of receiving money in Nigeria from abroad
- Domiciliary account – International Bank wire transfer.
- Western Union via Quickteller to your bank account.
- Western Union money transfer.
- Online money transfer.
How much is Western Union to naira?
Western Union Exchange Rates
Does GTB do Western Union?
The Western Union service is instant, secure, reliable, and a convenient payment service that enables Beneficiaries receive FX remittances in Nigeria. … USD Cash Pick Up Service in any GTBank branch. Account Deposit Service into any GTBank Domiciliary account.
What is the best way to send money to Nigeria?
If you want to send money to a bank account in Nigeria, we recommend using a specialist currency provider. If you’re transferring under $300 or equivalent, your best options include WorldRemit, TransferWise, Xoom or MoneyGram.
How do I transfer money to a Nigerian bank account?
You can send money to a Nigerian bank account in three simple steps.
- Select the type of service you want. You can choose a money transfer to the recipient’s bank account, or an airtime top up. …
- Tell us where you want the money to go. …
- Tell us whether you want to pay with your debit card or ACH, and provide the details.