Banking tips and guides

How To Send Money From Nigeria To Abroad In 2023

I’ve previously written an article about How To Send Money To Nigeria Instantly From Abroad and here again is an article about “how to send money from Nigeria to abroad”.

Although sending money abroad from Nigeria is not so common, instead, people abroad send money to relatives in Nigeria on a daily basis using some methods.

Sending money Abroad is not as easy as sending money from bank to bank in Nigeria, you need to go extra lengths before you can successfully get money sent abroad.

In the first place, sending money to someone abroad could be challenging without the right knowledge and that is why I also wrote this article to guide you on how to send money from Nigeria to abroad successfully.

According to the World Bank, a sum of up to $22 billion flowed into Nigeria in 2017 through diaspora remittances.

Therefore, if you are one of the people in Nigeria who wants to send money to family, friends or relatives abroad, you are actually on the right page to learn different ways to successfully carry out the transaction.

How To Send Money From Nigeria To Abroad In 2023

Let’s dive into how to send money from Nigeria to abroad successfully in the year 2023.

1. Western Union Money Transfer

The fact that Western Union is the best amongst the top list of money transfers may never change.

This company has been performing so well since its existence till date.

Today, Western Union companies have over 5000 outlets working in partnership with commercial banks across the world.

When it comes to transferring money abroad, this company remains unbeatable.

how to send money from Nigeria to abroad
how to send money from Nigeria to abroad

Western Union Requirements For Sending Money From Nigeria To Abroad

Below is the list of requirements for sending money abroad from Nigeria:

  1. Your name (in full)
  2. Phone number
  3. Your home address
  4. The name of the person you’re sending money to
  5. The amount of money you are sending in naira
  6. Your means of identification e.g Identity card, international passport, voter’s card, BVN, driver’s license etc.

To send money to someone abroad through western union, kindly visit their website here.

2. Domiciliary Account

The second one you can use in sending money abroad from Nigeria is a domiciliary account.

Domiciliary account enables you to hold money in another currency e.g dollars, Euros, Yuan’s and a lot more.

Those who usually make use of domiciliary accounts are people or businesses who want to make direct transfers to foreign countries.

Also, most people make use of domiciliary accounts when they want to transfer huge amounts of money to someone or business abroad.

Requirements To Open A Domiciliary Account In Nigeria

Opening a domiciliary account in Nigeria is very similar to opening a savings account

Domiciliary Account.

To open a domiciliary account, you must provide the following

  1. Your real and full name
  2. Means of identification like National Identity Card (NIN), International passport, Driver license, Voter’s card
  3. Utility bills
  4. Passport photograph
  5. Active phone number etc.

To Open an account, kindly head over to any commercial bank of your choice to open a domiciliary account.

Ensure you take along everything mentioned above in the requirements.

3. Money Gram

MoneyGram is also included in the list. MoneyGram is a popular money transfer company, it’s recognized in over 200 countries and operates on more than 300,000 locations around the world as at the time of writing this article.

This means you will definitely not find it difficult sending money from Nigeria to someone abroad.

Although you may be wondering why people need to send money to someone abroad from Nigeria, I’d tell you there are so many reasons attached.

MoneyGram supports all financial institutions in Nigeria e.g Zenith bank, UBA bank, Sterling bank, Union bank, GT Bank, Access Bank, First Bank, Fidelity Bank, and all other available commercial banks.

4. Payoneer

Payoneer is one which mustn’t go without mentioning how to send money from Nigeria to abroad successfully.

Payoneer can be used seamlessly to receive and send money to someone abroad.

It is a digital payment service used in 200+ countries across the globe. 

However, for you to start using Payoneer digital payment service in Nigeria, you’ll need their universal credit card which looks like your ATM card.

How To Get Payoneer MasterCard In Nigeria Easily

For you to obtain your Payoneer credit card popularly known as MasterCard, kindly visit their website here, once you get there by registering with your accurate details, which include your name, address, and means of identification and after that, tap on the “Order” button to proceed.

You should follow every prompt after the registration to get your card shipped to the address you filled in the registration.

Getting your Payoneer MasterCard card could possibly take a month or less.

6. Skrill

Skrill is another alternative money transfer company you can use to send money abroad from Nigeria. 

Note: The recipient must also have a Skrill account before sending money.

However, if the recipient is yet to open a Skrill account within the period of 14 days, the money will be refunded to your Skrill account and you can later send it when the person opens an account on Skrill.

Rounding Up On How To Send Money From Nigeria To Abroad

As money can be seamlessly sent to someone in Nigeria, the same way you can send money to someone abroad.

You can send money from Nigeria to someone abroad for many reasons e.g payment of your children’s tuition fee, paying your clients for successful work done, payment of bills, and lots more.


Leave a Reply

Back to top button