Below is the list of Nigerian banks that do Western Union in 2020: Just like in any other venture, there are many important terms that you must familiarize yourself with in order to make the most of your Western Union experience. To receive money from Western Union directly into your Nigerian bank account, simply follow the steps below: Once you’ve provided all the needed information, the money will be paid to you in cash (if you wish) or transferred to your bank account. If you receive more than $10,000 (or the equivalent in Naira), your transaction has to be reported to Central Bank of Nigeria. How can I receive money sent to me from abroad directly into my account? With a network in over 200 countries, Western Union controls 20% of … The service has a maximum send limit of 1000USD naira equivalent per customer every quarter and … If sending, you have probably exceeded the amount of money you are allowed to send within a time period. You can receive your funds (the Naira equivalent) in cash ( when receiving your Western Union Funds at the counter) or have it transferred to your account in the same currency that it was sent. Western Union exchange rates depend on the country you are sending money to and whether you choose to send money online or via one of their agents at a location. Open now. Now let’s see how to receive money through Western Union in Nigeria but before we do that, it’s important we know some limitations just like this one. Ahmed, whose company says it sends 40,000 money transfers to Nigeria … Foreigners are allowed sending you money from different countries to Nigeria if they provide you with your MTCN code (this is the special money transfer control number). If you meet up with all the requirements, your funds will be paid to you in cash or transferred to your bank account upon your request. Send cash up to RM10,000 per day. A lot of Nigerians today prefer Western Union when it comes to receiving money from abroad because of how difficult it is to open a business PayPal account in Nigeria. It (Western Union) has a global spread covering about 200 nations. These cookies will be stored in your browser only with your consent. The system would take the lower side. No matter where the money is coming from, when you receive money that is over $10k, you would need to report that to the government. Using QuickTeller. This service allows the transfer of funds to and from Nigeria. Choosing to receive your payments by WU means that you don't have to wait for a check to arrive in the mail, and it can also cut down on the bank fees and long clearing times associated with depositing checks. Note: to be able to use Quickteller to complete the transactions stated above, you must create a Quickteller profile. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. We basically write on online financial tips and general guides for people across different nationalities. First is cash receipt. Secret question– this is a question that only the sender of the money has the correct answer. Using Western Union to receive or send funds across the World is not rocket science; once you can pay attention to details, it will be as easy as ABC for you. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Send and received money with Moneygram With MoneyGram, customers can now send money to over 200 countries from any UBA branch to family and friends. Select your bank from the list of options available. The exact amounts vary depending on your own transaction history, whether you’re sending money domestically, or overseas, and the exact payment route.¹ Some states also have their own limits which might vary from elsewhere in the US.¹. Through a flexible and convenient network of over 334,000 agents across 200 countries and territories, our customers can Receive and Send Money abroad through the Western Union service in any Polaris Bank branch in Nigeria in minutes. 1. 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. Visit any UBA Branch, complete and submit a Western Union Receive Form and submit along with your valid, non-expired, government issued ID What is western union receiving limit? Many banks in Nigeria are direct agents of Western Union International, a global money transfer company with over 480,000 agent locations in over 200 countries. Customer service. However, the company does not allow customers in Nigeria to transfer money abroad, so wire transfers can only be sent within the country. You may have asked, what are the requirements to receive money through Western Union in Nigeria? Many banks in Nigeria are direct agents of Western Union International, a global money transfer company with over 480,000 agent locations in over 200 countries. NewsRescue confirms an ongoing scam in which your sent money may never reach the intended recipient. This is exactly where the importance of Western Union comes into play. Include: Aside all the requirements above, you don ’ t forget to share this for! Using: https: //wu.quickteller.com/ MTCN ) service has a Western Union limits in Nigeria 2020 the with. Functionalities and security features of the customer care personnel within that bank account a country! Care personnel within that bank account exchange rates: Aside all the steps send... 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