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Zenith Bank Internet Banking: Get Started, Transfer Funds, Get Token etc

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One of the best features of top banks in Nigeria is their “Internet or Online Banking” that makes it easy for their customers to make transaction without any headache of queueing in banking halls.

Today, let talk about the Zenith Bank Internet banking platform.

Like most online banking platforms, you can do so many things with this platform such as buying airtime/data, transfers, request for debit cards and much more.

Other banking services can be carried out 24 hours a day and 7 days a week without any interruption using your phone or PC, this increases the ease of carrying out transactions as stated earlier.

N.B. The tips below is for individual account holders, the methods are quite similar, but the requirements are different.

I’ll be sharing how you can do all these below.

How to Register For the Zenith bank Internet Banking Platform

Like any internet services, before you can get to use the Zenith online banking platform you will need to register first.

The following steps can be perfectly guide you:

  • Visit https://www.zenithbank.com/internetbankingform.pdf to get the registration form
  • Print and fill out the form (internet banking)
  • After filling, submit the form via email to the email address provided.
  • After this, you will receive a confirmation email when the form has been received.
  • After that, a link will be sent in which you can use in logging in.

You’d be given access code, username and password for logging into the platform.

Lest I forget, if you have been asking…

How can I get my Zenith Bank Token?

Well, you’ll need to take the procedure aligned above in order to have your Zenith bank token. In the form you want to fill (Download here >>> https://www.zenithbank.com/internetbankingform.pdf), check on “Request Token” and finally send to the provided email address.

Note that through the processes you can either for Zenith bank internet banking, its token or both.

Also, you can fill the form and decided to submit it in the nearest Zenith bank’s branch in your area as this will be processed immediately rather than waiting for their response through email.

But since you decided not to stress yourself queueing up, it’s also cool if you get everything done with your smartphone or PC.

How much can I get Zenith bank Token?

To be frank with you, Zenith bank token costs N3,500.

If that’s beyond your budget, don’t panic as it’s not compulsory (but recommended).

Although some banks make it mandatory to have a token before carrying out internet banking

Now, after registering for the internet banking service, the next thing is to activate it right away! Below is how to do that:

Activating & Login to Zenith Bank Internet Banking Service

After receiving your login details you’d be required to change the default password to your preferred password.

After this you can login and begin carrying out various transactions on the Zenith Bank online banking platform.

Alternatively, you can also login with your account number and token (if purchased).

Once you’re logged in, you’d see your dashboard which should show BVN, account number, last credit and debit transactions for the month, mini statement.

One thing that impress me about Zenith bank’s online banking service is that, for security measure, if the system detects inactivity for 2 to 4 minutes, you’d be automatically logged out.

When logging in with your token, you’d be required to input a 6-digit code which you’ll need to generate each time you need to login.

To generate a token, you’ll need to press the button on the token device.

There’s another option; signing in with pin+token.

If you choose this option, you’ll require a 10-digit code. The first four digits would be your pin while the last six is the code generated from the token device. If your pin is 0123 and token 456789, your code would be – 0123456789.

Things you can perform on Zenith bank Internet banking platform

Some of the things you can do on the Zenith online platform includes;

  1. Local and international transfers
  2. Replacement, card summary activating and deactivating
  3. Bill payments
  4. Buy airtime and data
  5. Update BVN details
  6. Change transfer limit
  7. Book flights and hotels
  8. Account summary
  9. Request for account statement

How to Buy Airtime Using Zenith bank Internet banking platform

Airtime is an integral part of our daily lives, but sometimes, due to various factors like uncertainties and emergencies we may find it difficult to purchase airtime.

Just like other banking firms, Zenith bank gives you the option to purchase airtime through their online banking platform.

How can you do this?

STEP 1. Visit the Zenith bank website www.zenithbank.com.

STEP 2. For smartphone users, click on “Personal” to login to your account.

STEP 3. Login into your account using your internet banking login details

STEP 4. To login, enter your account number and pin or token (or both depending your chosen option).

STEP 5. After successful login, click on the top left corner to reveal the hidden options

STEP 6. From the list of options displayed, select “Airtime Topup”.

STEP 7. Fill your required fields and click on submit to purchase the airtime.

BUYING DATA ON THE ZENITH BANK INTERNET PLATFORM

This days we say – DATA IS LIFE!

Data drives almost every sector of our lives and you also get the option to buy data (which some banks don’t support). It’s pretty much the same procedure for purchasing airtime.

STEP 1. Visit the Zenith bank website www.zenithbank.com.

STEP 2. For smartphone users, click on “Personal” to login to your account.

STEP 3. Login into your account using your internet banking login details

STEP 4. To login, enter your account number and pin or token (or both depending your chosen option).

STEP 5. After successful login, click on the top left corner to reveal the hidden options

STEP 6. From the list of options displayed, select “Data Bundle Topup”.

STEP 7. Fill your required fields and click on submit to purchase the airtime.

How to Transfers Money On Zenith bank Internet Banking

STEP 1. Visit the Zenith bank website www.zenithbank.com.

STEP 2. For smartphone users, click on “Personal” to login to your account.

STEP 3. Login into your account using your internet banking login details

STEP 4. To login, enter your account number and pin or token (or both depending your chosen option).

STEP 5. After successful login, click on the top left corner to reveal the hidden options

STEP 6. From the list of options displayed, select “Transfer”

STEP 7. Choose the account to debit from and fill out other areas.

STEP 8. Click submit and wait for processing. If successful you’d be notified.

But let me remind you that there are couple of ways you can send and receive funds using the internet banking feature. This is so in order to make transactions more available and easier.

But what are the types of transfer on Zenith bank internet banking app?

There are various types of transfer using the Zenith bank internet banking which includes;

  • InterSwitch Transfers – which you to make electronic transfers amongs various accounts across Nigeria using the InterSwitch platform. It’s a very fast service!
  • NIP (NIBSS Instant Payment) Transfers – with this option you can make very fast transfers among Nigerian banks. This option is instantaneous to the beneficiary. This is the fastest mode of transfer!
  • NEFT (National Electronic Fund Transfer) Transfers – some transfers will take time to validate, this form of transfer takes 24 hours to validate. Proof of payment can be sent to the beneficiary beforehand.
  • Dom to Dom Transfer – This is a form of transfer made among Zenith domiciliary account holders. The transfer must be in the same currency as that in the account. This implies that, if the currency is in Dollars, the transfer must be in Dollars. This is very useful especially for those who are becoming freelancer in Nigeria.
  • Foreign currency Transfers – with this transfer method, you can transfer currency to any account in the world. Your transfer limit is (ten thousand dollars equivalent of any currency). This requires hardware token.
  • Invisible Remittance – this is basically payment for services such as; school fees, technical fees, dividends, airline tickets, loan payments, judgement debt. It is usually paid by SWIFT or foreign draft.

For any personal problem you need to be solved, please contact the Zenith bank customer care immediately as they are in the best position to help.

And note that I’m not a staff at Zenith bank but a blogger trying to help other people solve the queries i’m capable of solving. Don’t share your personal banking details as you’ll be doing that at your own risk.

How to Contact Zenith Bank Customer Care?

Email: zenithdirect@zenithbank.com
Phone: +234-1-2787000, 0700ZENITHBANK
Head Office Branch: Plot 84, Ajose Adeogun Street, Victoria Island
Lagos, Nigeria

So this is all about Zenith bank Internet banking.

Our lives has been made simple by these online services. You should take advantage of this to advantage in other enjoy all the features and benefits that comes with it.

Feel free to comment below and don’t forget to share the love with your friends!

My name is Stephen Gbolagade, people say I'm a multi-skilled guy. I guess maybe because I'm a Blogger, Website Designer, SEO specialist, Content Writer, Business coach, Digital Marketer, and Self-taught Frontend Developer. But what do I have to say about myself? My contents, personality, and services will say and prove the person I am to you. __________________________________________________________________________You can hire me for Music Promotion, Website Design or Blog Setup, Marketing and any Digital-based tasks! __________________________________________________________________________ Contact me here on Facebook :: Instagram :: WhatsApp __________________________________________________________________________ If you're inspired by me and think it's necessary to buy me a cup of coffee, you can give me a tip HERE 👌

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VFD Microfinance Bank in Nigeria: Save Money, Get Loan & Invest – Don Jazzy Endorsed!

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Hello guys, have you heard about VFD Microfinance Bank in Nigeria? Not really? Well, I’m about to tell you what’s up about this bank; how you can save money, apply and get loan, invest your savings wisely and get financial tips that will spark your financial curiosities.

NOTE: This is not a sponsored post (i.e., I’m not paid to write about VFD or promote any of their services). This is just like other posts I write from my personal experience and what’s working for people.

But I’m going to give you honest review about their products (or services), their mobile apps and their website. I will start what the basics;

What to Know about VFD Microfinance Bank

According to the company’s overview, VFD Microfinance Bank is a financial services institution based in Lagos State, Nigeria. They operate fully in the ‘Microfinance Banking Sector’ and have different finance experts who comes together to help transform their customers’ goals to reality.

According to the company, they write;

We’re in the business of helping all our customers achieve their desires, solve intermittent problems and create wealth, through high yield savings accounts and low interest rates on loans.

Although VFD Microfinance bank has its head office in Lagos, but you can bank with them anywhere you are in Nigeria. You know this is made possible by virtue of advancement in financial technology – thanks to that.

In fact, I’m living in Osun State and I have an account with them which I hope to grow my savings with them.

But you may be thinking that you’ve heard about different digital banks and some seemed to be fraud. And that may bring a particular question to your mind that;

Is VFD Microfinance Bank Scam or Legit?

Without much ado, VFD Microfinance Bank is Legit!

Why do I say that?

In the title of the post, you read that it’s Don Jazzy Endorsed, right?

Yes, Don Jazzy openly endorsed VFD Microfinance Bank via his verified social media handle (here @Donjazzy) and that’s how I personally learned about this digital Microfinance bank in Nigeria.

I believe Don Jazzy won’t put his global reputation on risk in order to vouch for a scam or fraudulent banking company.

Well, I didn’t register an account with VFD immediately I learned about them from Don Baba, but had to check on their website and reputable to see if they will woo my darling self. And you know what? They seduced me with their services and had to register for an account immediately.

I also learnt (through research on Google) that VFD Microfinance bank is featured in Guardian Online Magazine, Techpoint Africa, Business Day, Nairametrics, and they’re in UNILAG – a reputable university in Lagos State.

Now, let talk about what you can do with VFD Microfinance Bank.

Why Using VFD Microfinance Bank in Nigeria?

You know that temptation is a real bastard when it comes to money.

Sometimes, you may find it difficult:

  • To save money in your piggybank at home (because you might find yourself spending it easily)
  • Save with a bank (because the money will be deducted for some charges like SMS alert and other arrant charges)
  • Apply and get a loan easily in Nigeria

But what If I tell you that with VFD, these challenges are eliminated because they created the platform for you in mind.

Overview of VFD Microfinance Bank’s 5 Top Products and How They Helps

  1. Employee Loan

This is one of the loan packages for employees by VFD Microfinance bank and if you’re working with any company, you might be eligible.

Note that your company must be able to sign a MoU with VFD and agree to pay back the loan from the salaries.

How this helps

If you are a staff of a company and you’ve been looking for a way to get loan, this package is for you and you’ll enjoy good interest rate, get the money within 6 hours after applying and you can back from the company salaries for 12 months (that’s a year)

APPLY HERE: https://vfdbank.com/employee

  1. Travel Loan

You’ve been trying to enjoy yourself somewhere outside the country and you don’t have enough money for the vacation, right? Don’t feel sad, VFD_MFB is here to help you with their travel loan package.

VFD Microfinance Bank partnered with WONTRA, a company where you can book your flight, accommodation, rent cars and help you with amazing attractions and holidays.

With this partnership, VFD will help you fulfill your dream to travel and enjoy yourself outside the country.

Before you can be eligible, you will have to meet their requirements and accepts their terms and conditions. For more, read and apply here: https://vfdbank.com/travel-loan

  1. Secured Loan

You may need urgent loan to take care of something like medical bills or anything, VFD Microfinance Bank understand that at this junction, you are seriously in need of cash and some people or bank might turn down your request for loan…

That’s why they offer this package for anyone who can provide a collateral for the quick loan.

Such collateral (or assets) must be proved by you by providing the necessary documents and other requirements.

The good news is that, you can get a loan up to N2millon as long as you secured it with an original asset.

To learn more and Appy, check here: https://vfdbank.com/secured-loan

  1. Unsecured Loan

Unlike Secured loan package where you’ll have to provide a collateral, VFD Microfinance Bank offers loan to professionals in formal employment of blue chip/multinational organization.

In simple words, people who can apply for this loan are however banking professionals or regular customers and the maximum you can be given is N250k within 6 months.

You will be given the fund within 24 hours of providing necessary documents.

To learn more and to apply, check here: https://vfdbank.com/unsecured-loan

  1. Savings

Your case may be different, you may not need a loan but would like to save some money. IF that’s the case, VFD Microfinance Bank offers hybrid savings package.

You’re not just keeping your money here but you’re making your money to work for you while you save.

With VFD_MFB hybrid saving package, you’ll earn compounded monthly interest of 14% per annum on whatever you save.

Note, this campaign is designed to help people who’re ready starting investing for as low as N50k.

For more details about this and getting started, check here; https://vfdbank.com/startnow

Let talk about registering;

How to Register an Account on VFD Microfinance Bank

I will not go deep into this, because the registration steps are easy and I trust that it’ll be easy for you. To register with VFD MFB, you’ll need:

  • A working email address
  • A passport photograph on your phone (to upload as profile pic)
  • Your BVN and/or Bank Account Details (Name of Bank and Account Number)

If you have these ready, go to their website to register and follow the prompt steps.

I personally use their android mobile app (which is free), you can get it on Google PlayStore.

Before registering, make sure that the phone number linked with your BVN is active, because you’ll be sent a 4-digits PIN to validate your registration on VFD Microfinance Bank.

After you’ve either registered with BVN or Bank details and might have done the validation successfully, the next thing is to navigate through your account!

Added Benefit of VFD Microfinance Bank

  • You can become one of their sales agents and make money while helping to know about this helpful company, and follow-up till they start maintaining a certain balance on their account
  • You Can pay for bills such as Cable, Data etc.
  • You can set and monitor a budget for each month
  • You are shown the analysis of your account (both inflow and outflow)
  • And you can be rest assured of high security from their end.

So, that’s what I can write about VFD Microfinance Bank in Nigeria

Let me tell you that you need to be patient when registering because of internet service and you might encounter delay or validation errors (token). But if you notice this, wait for a while and try again. I faced this difficult, I entered requested and entered my token more than 8 times but finally, I register successfully.

Also note that the 3 key agendas of VFD Microfinance Bank is Nigeria is to help you SAVE, INVEST and gives LOAN if you meet their requirements.

I will be updating you in case anything changes or added, till then, don’t forget to subscribe to my mailing list in other to receive free banking tips, how to make money online, business ideas that works in Nigeria and lot of useful info.

Also, kindly share this post with your friend if this helps.

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List of BIC or SWIFT Codes of Nigerian Banks – for International Money Transfer

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Have you ever been asked to input your Nigerian Banks’ Swift Code when you’re trying to make a payment with your card or want to receive some funds through wire or international money transfer? If yes, and that’s why you’re here, I will show you all the SWIFT codes of Nigerian Banks as it is in 2020.

If you’ve been trying to receive some money through “international transfer” to your local bank in Nigeria from oversea countries like USA, Holland etc., you’ll be required to enter IBAN, Name, Name of your Bank, Address, Swift code and other personal data before the transaction can be successfully processed.

Check This Out: 7 Best Ways to Receive Money in Nigeria from Abroad (international Transfer)

Unlike inter-bank transactions in Nigeria where you only need to give your Name, Bank Name and account Number to the person hoping to send you money and you’re good to go. Without this swift code, you won’t be able to receive your money to your local bank in Nigeria.

But you may be asking that…

What is Swift Code

First, SWIFT is an abbreviation for ‘Society for Worldwide Interbank Financial Telecommunication’.

From the acronym, a SWIFT code is a worldwide accepted unique form of identification to identify and locate a bank or a financial institution. This enables all banks in the world to exchange transactions without any problem.

No wonder, SWIFT code is also referred to as BIC

BIC is also an abbreviation which stands for ‘Business Identifier Code’

In my own experience, it’s either you’re asked of SWIFT code or BIC. So, always remember that SWIFT CODE and BIC are the same code which I will be showing you (Nigerian Banks’ Swift Codes or BIC).

Also note that SWIFT code or BIC is used to identify headquarter of your bank. If they need to identify your bank’s branch (that you’re using exactly), they’ll ask for your bank sorting code instead which is just 6 characters which are figures.

SWIFT Code or BIC is usually 8 or 11 characters. And if it’s 8, it identifies the headquarters but if it’s 11 characters, it identifies the branch. But all Swift codes of Nigerian Banks are just 8 characters, meaning that it will identifies the headquarter of your bank.

You may also want to know how they get these SWIFT codes for Nigerian Banks right? Okay, I’ll tell you.

BIC or Swift codes of Nigerian Banks are gotten just like other banks or financial institution in the world. Here is how they’re gotten;

How SWIFT Codes or BIC Are Gotten in Nigeria (all over the world)

Note the first 8 characters long and then the next 3 characters. And I will be using GT bank swift code (GTBINGLA) as specimen for you to understand better;

  • 4 characters that comes FIRST stands for BANK Code which are letters (e.g GTBI)
  • 2 characters that comes NEXT stands for country code (for Nigeria, it is NG)
  • The NEXT 2 characters stands for Location code of headquarter Bank (for GT, it Lagos, so Location code is LA)

That’s how Guaranty Trust Bank got their own Swift code, which is GTBI + NG + LA which is equal to GTBINLA.

Can you see how they form the swift code for Nigerian banks? If I don’t tell you, you won’t know right? Now clap for me, lol.

But what if you see 11 characters long swift code, what does the last 3 characters stands for?

  • The LAST 3 characters stands for Branch code.

But in most cases, only the 8 character will be good especially if you’re using your Nigerian Bank Swift Code.

And Note that ‘NGLA’ comes last in all swift codes of Nigerian Banks because all head offices of banks in Nigeria are located in LAGOS, Nigeria except Stanbic IBTC.

Now, let talk about what you’re here to check – all BIC or Swift codes of Nigerian Banks;

All SWIFT Codes of Nigerian Banks in 2020

Here are the SWIFT codes for all Nigerian Banks in ascending order:

  1. Access Bank SWIFT Code – ABNGNGLA

  2. Central Bank of Nigeria SWIFT Code – CBNINGLA

  3. CITI Bank SWIFT Code – CITINGLA

  4. Diamond Bank SWIFT Code – DBLNNGLA

  5. ECO Bank SWIFT Code – ECOCNGLA

  6. Equitorial Bank SWIFT Code – EQUTNGLA

  7. First Bank of Nigeria SWIFT Code – FBNINGLA

  8. First City Monument Bank (FCMB) SWIFT Code– FCMBNGLA

  9. Fidelity Bank of Nigeria SWIFT Code – FIDTNGLA

  10. Guaranty Trust Bank (GTB) SWIFT Code – GTBINGLA

  11. Heritage Bank SWIFT Code – HBCLNGLA

  12. Unity Bank SWIFT Code – ICITNGLA

  13. Jaiz Bank SWIFT Code – JAIZNGLA

  14. Polaris Bank SWIFT Code – PRDTNGLA

  15. Sterling Bank SWIFT Code – NAMENGLA

  16. Bank PHB SWIFT Code – PLNINGLA

  17. Keystone Bank SWIFT Code – PLNINGLA

  18. Skye Bank SWIFT Code – PRDTNGLA

  19. Stanbic IBTC SWIFT Code – SBICNGLX

  20. Standard Chartered Bank SWIFT Code – SCBLNGLA

  21. Union Bank SWIFT Code – UBNINGLA

  22. United Bank for Africa (UBA) SWIFT Code – UNAFNGLA

  23. WEMA Bank SWIFT Code – WEMANGLA

  24. Zenith Bank SWIFT Code – ZEIBNGLA

SO, that’s the list of all SWIFT Codes of Nigeria Banks

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7 Best Ways to Send & Receive Money from Abroad in Nigeria

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Are you looking for risk-free, convenient and best way to send and money from abroad in Nigeria? Then this page is for you! If you’re a freelancer, online business person or you have family living outside the country, you may need to send money to them or they send to you here in Nigeria. But what’s the best and easier way to do this?

Typically, it’s much easier to send or receive money right here in Nigeria from anyone within the country, at least, we have the financial institutions and their internet banking services. But in case with international payments, it’s not easy and sometimes, risky.

There are many reasons why sending money to Nigeria from abroad is risky such as certain financial rules apply may be exclusive to a particular nation, logistics, trust (fear of being scammed) and many more.

  1. Despite all these differences, people still receive money from abroad in Nigeria, and you too can.

Most of these payment methods or services to receive money in Nigeria are online based, and as such you should be familiar with navigating the internet while you can also try some offline without the internet. These payment services – either online or offline have their strong points and weaknesses, this implies that there’s NO 100% ‘best way’ to receive money in Nigeria from foreign  countries, rather you could choose the most suitable option based on your situation and recipient, and in some cases the originating country.

Below are some of the best ways you can receive or send money from (or to) abroad in Nigeria.

How to Receive Money from Abroad in Nigeria

1.      Western Union

First on my list in the popular Western Union (WU) services that lets you send and receive money from friends and family members living outside Nigeria. Western Union is also listed as a means of payment in some online freelance marketplace across the globe.

It being first on this list doesn’t make it the best means of receiving payment from abroad. In term of reputation and general market awareness, Western Union seem to be the most recognized platform for receiving international payments.

How to Receive Money from Abroad in Nigeria with Western Union

This means of receiving payment involves:

  • Visiting the nearest commercial bank, as almost all commercial banks in the country are agents to this service and I advise you use this medium when you receiving a huge sum of money.
  • Tell the bank you need to set up a way you can receive money from foreigners with Western Union and they will set everything up for you.
  • You can do better without visiting the bank by creating an account on Western Union’s website.
  • After setting up your account, the next thing is to send your details to the foreigners in order to send you the money
  • After sending him/her your details, ask for the MTCN
  • After 24 hours, go to any commercial bank to withdraw your money.

Frequently Asked Question about Western Union

  • QUES 1: What’s the requirement to open a Western union account to receive money from Abroad in Nigeria?

ANS: You will need an ID card that bear the name and address you want to use to receive the money.

Note that using the Western Union service to receive payments offers little to no convenience as you’d be bombarded with lots of paper works; a valid mean of identification, the Money Control Transfer Number (the sender will send this to you), amount to be credited as indicated by the sender, the sender’s country and name. These are just the basics as several banks have varying requirements.

  • QUES 2: Do I need my account number to receive money with Western Union?

ANS: No, you don’t need your account number.

  • QUES 3: How much does it cost to send money with Western Union in Nigeria?

ANS:  According to CNN Money, Western Union charges $5 for a money transfer of up to $50, but a transfer of $900 could cost $76.

  • QUES 4: What’s the meaning of MTCN in Western Union?

ANS: MTCN stands for Money Transfer Control Number. It’s a tracking number or a 10-digit reference code assigned to every single money transfer made with western union.

Okay, let check the second option if it’ll be more easier;

2.      Payoneer

More like the PayPal service, but Nigeria are still plagued with the inability to receive funds; more like a one-way street! With issues like this, many Nigerians have decided to switch while awaiting the good news from PayPal.

Payoneer is a pretty new services and not well known, it packs lots of feature like what’s found on PayPal and also offers you a MasterCard or Visa card which you can use locally in withdrawing your funds. Many freelance sites such as FIVERR are integrating this service as a means of payments.

Such wide acceptance goes to show the credibility and efficiency of such a means of payment.

As a freelancer, it makes life easier as it keeps you away from the banks (and all its stress) and lets you focus more on your job while using your Payoneer card on the go.

Amazing Offer: Click here to open a payoneer account and earn $25 bonus!

3.      MoneyGram

Many compare MoneyGram to Western Union, well they’re not wrong as these two has similar structure and close looking features, but what is MoneyGram and how can one use it in receive money from abroad in Nigeria.

MoneyGram is world payment system that eases the means of payment across the world, this process made it possible by its affiliation with commercial banks across the globe. You can use the MoneyGram service by visiting any commercial banks in Nigeria – most banks with Western Union also supports MoneyGram, and as with its counterpart lots of paper work awaits you.

Requirements to Receive Money in Nigeria from Abroad with MoneyGram

You will need stuffs like:

  • A valid ID card having the name and address you gave the foreigner.
  • Reference number, Sender’s name and his/her country in order to withdraw the money.

Other requirements will be requested depending on the bank you visit.

N/B: It’s important you use your current bank as this makes the process much easier.

4.      World Remit

Another wonderful service you could use in receiving funds internationally in Nigeria is World Remit.

World Remit is an online based money transfer service that facilitates the easy transfer of money from overseas to Nigeria. This service was launched primarily with the intention of easy cash transactions for international workers. As a freelancer or relative to someone overseas, you’d find the service pretty useful and straight-forward.

One selling point of this services is its less charge rate when compared to it counterparts. Not much of paper work is required, just some few clicks online and you good to go. It’s not advisable to use this service for receiving large amounts!

5.      Ria Money

Ria Money is a similar service like that of Western Union and MoneyGram. One distinction is that Ria Money also uses local kiosk and shops in and around major cities in the facilitation of cash transfers. It’s quite similar to WU in terms of structure, lesser transaction fees are charged thereby leading to longer transaction times.

The service can be accessed online or via its local agents scattered around in Nigeria and can be used in receiving money. You can also receive your funds via credit cards, bank accounts, but you’d incur more charges when you make use of either credit or debit cards.

6.      Skrill

Skrill has been around for a while now, it’s built mainly for skilled workers who intend to monetize their skills online. Mainly freelancers especially in this side of the world find it difficult to receive payments after doing a job for their clients.

PayPal which is widely supported by most of these sites still doesn’t allow users in Nigeria to receive money – you could say that this is a substitute for PayPal. Skrill is now widely supported by freelance sites and beginning to garner global acceptance.

The service which is online based will allow you to link either your credit card or local bank account to its site, with this you could be rest assured of getting all your payments in a timely manner.

7.      Wire Transfer

Last on this list is the good old Wire transfer which transfers the cash directly to your bank account. A major drawback in using this means in receiving payment from abroad in Nigeria is the time it takes the money to arrive your account, and other technical difficulties that may arise from using Wire Transfer.

As long as you have a functional bank account, you could use this service in receiving funds, but be ready to wait for at least, 3-5 business days.

Rounding Off: How to Receive Money from Abroad in Nigeria

Some people would expect PayPal to be on the list but, I’ve intentionally skipped them. Reason is due to the technicalities involve if you choose to go through the back door, not everyone will be comfortable with that as PayPal Nigeria doesn’t support receiving of funds.

In conclusion, these medium however easy or complicated they may be, have their best use cases and you should choose your preferred method based on the current situation.

I hope you’ve learnt a lot, let me know which of this services you use to receive money from abroad in Nigeria and I’ll be glad t0 update this post with your new method if its result is great.

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