Does Western Union Pay dollars in Nigeria?

The Central Bank of Nigeria (CBN) has issued a directive to discontinue all payouts in Naira immediately and payout strictly in US Dollars (USD) in Nigeria moving forward. Western Union continues to work closely with the CBN to ensure we are in compliance with the new regulation as we manage this transition.

Can I receive Western Union in dollars in Nigeria?

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.

How much is Dollar in Western Union to naira?

Western Union Exchange Rates

Currency Rate Change
USD ₦ 380.28 0.00%
EUR ₦ 445.18 1.06%
GBP ₦ 496.26 -0.01%

How much is the maximum you can send through Western Union to Nigeria?

The maximum you can send per transaction is $ 2500.00. The maximum you can send per transaction is $ 500.00.

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How can I get dollars in Nigeria?

Ways of receiving money in Nigeria from abroad

  1. Domiciliary account – International Bank wire transfer.
  2. Western Union via Quickteller to your bank account.
  3. MoneyGram.
  4. Western Union money transfer.
  5. Online money transfer.
  6. Payoneer.

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.

Can I send Western Union from Nigeria?

Sending Money from Nigeria

Can I send money from Nigeria through Western Union? Yes. You can send money from most of our agent locations in Nigeria.

What is the cheapest way to send money?

The Cheapest Ways to Send Money

  1. Venmo.
  2. Cash App.
  3. PayPal.
  4. Xoom.
  5. Facebook Messenger.
  6. Mobile Pay.
  7. Online Bill Pay.
  8. Bank P2P Payments.

How much does it cost to send $100 Western Union?

The fee is $4.50 to transfer up to $50 and $9.50 to send up to $900. Western Union, in comparison, charges $5 for a money transfer of up to $50, but a transfer of $900 could cost $76. There are a number of price points in between, dependent on the amount of money to transfer.

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.

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Can I send $5000 through Western Union?

You can send a maximum of $2,500.00 per online money transfer. Agent locations typically have no limit, however, so long as you can provide adequate identification while sending. Nearly all transactions through Western Union will have a transfer fee attached, ranging from $3.50 to $100 or more.

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.

Is Western Union banned in Nigeria?

On Aug. 2, Nigeria’s Central Bank issued a new directive (pdf) limiting the operations of money transfer operators (MTO) in the country. … As a result, only three MTOs—Western Union, MoneyGram and Ria—were left free to operate in the country.

Is Remitly still sending money to Nigeria?

Currently, we only send transfers to Nigeria in U.S. dollars (USD).

Which bank does Remitly in Nigeria?

We’re currently offering bank deposit delivery to GT Bank and Polaris Bank in U.S. dollars*. *If your recipient doesn’t have a bank account in USD, they can ask their bank how to set one up.

Can I receive money with PayPal in Nigeria?

Can I use PayPal to receive money in Nigeria? Yes. Business Accounts can receive money in Nigeria.

Hai Afrika!