In the past sending money overseas was a stressful procedure which required filling many forms or opening foreign accounts and most cases taking more than a day to complete the transaction. This is no longer the case with the introduction of western union. Western union has made it easy to send money outside Nigeria for reason which could include vacation, hospital bills, and payment of school fees, accommodation, feeding and others.
How To Use Western Union To Send Money Outside Nigeria
Sending money outside Nigeria with western union is fast, convenient and easy. You do not need to open an account with any bank in the country; all you need do is to identify a bank nearest to you that operates western union. To identify a branch that operates western union money transfer, simply look for the yellow western union logo on the signpost outside the bank or on their website and walk into the banking hall.
Note that before visiting the bank to perform a western union money transfer there are requirements you must meet which includes,
- Country of the receiver.
- A form of identification. Drivers license, national identity card, international passport and voters card are accepted.
- Cash to be sent or your debit card.
Step By Step Procedure In Carrying Out The Transfer
- Visit a western union accredited point: Western Union accredited points are usually banks. Nigerian banks like First Bank of Nigeria, Access Bank, FCMB, Zenith Bank, GTB, Stanbic, Wema, Sterling, UBA, and Unity bank all perform western union money transfer.
- Meet the customer care or security personnel in the banking hall and notify them that you wish to perform a western union money transfer so as they can direct you to the personnel in charge of such transaction.
- Once you meet the personnel in charge ask for a western union money transfer form and fill in the details in block letters.
- You will be asked to present a form of identification after completing the form. Your I.D will then be photocopied and the handed back to you.
- Present the cash to be transferred or your debit card with the completed form and your I.D to the bank teller who will then issue you a receipt of transaction.
- Make sure you collect your receipt of transaction before you leave the banking hall as evidence of your transaction and ensure to keep it safe in case of any complaints from the receiver.
- Make sure you save the receipt with the Money Transfer control Number (MTCN) as it is required by most countries to track the transfer.
- Keep in touch with the receiver to ensure that transfer was successful and he/she has received the money at a western union point in the country where he/she resides.
i. The central bank of Nigeria stipulates that the bank notifies them of transfers above $10,000
ii. No need to change your naira to dollars as the bank will notify you of the naira equivalent of the amount you wish to transfer and they will handle the conversion.
Charges On Transactions:
Extra charges apply to all transactions which usually depend on the total amount to be sent and the charges applied in the country of the receiver.
When sending from your debit card to receivers’ bank account a charge of not more than $10 is applicable.
- When sending from your debit card to a western union agent location a charge of not less than $5 is applicable.
- When sending from your debit card to a mobile wallet a charge of not less than $5 is applicable.
- When sending from your bank account to their bank account a charge of not more than $7 is applicable.
- When sending from your bank account to their western union agent location a charge of not more than $9 is applicable.