How much does it cost to send money to Nigeria through Western Union?
Table 1: Sending $1000 from the US to Nigeria
|Transfer method||Fees to send $1k USD||Time for the transfer to arrive|
|Western Union (slow)||$12||4 days|
|Wire transfer||$25-40||3-5 days|
|Xpress Money||$30||3-5 days|
|Western Union (fast)||$48||In Minutes|
How much is the maximum you can send through Western Union to Nigeria?
Requirements to Send money
A maximum send limit of 1,000USD Naira equivalent per customer per quarter, as stipulated by the Central Bank of Nigeria.
What is the easiest 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.
Is Western Union still working in Nigeria?
Yes. You can send money from most of our agent locations in Nigeria.
Is it illegal to send money to Nigeria?
Yes. Following November 2020 decision by the central bank, money transfer operators sending money into Nigeria were heavily restricted and only permitted to issue remittances to the country in US dollars. Since then, only a small number of operators are authorised to handle transfers to Nigeria.
Is Western Union cheaper than MoneyGram?
Which is the more cost-effective service, MoneyGram or Western Union? MoneyGram tends to be slightly cheaper, almost across the board. But it’s never an exact comparison. It may be that a Western Union is quicker than MoneyGram to a certain destination, or with a certain transfer method.
Can I send $5000 through Western Union?
Fees for money transfers within the US
The cost to send money within the US via Western Union depends on the amount you are sending, your payment method and how your recipient would like to receive their cash. … The maximum you can send in one day is $5,000, and the highest fee we’ve seen is $237.
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.
What app can I use to send money to Nigeria?
TalkRemit is the fast secure and low-cost online money transfer service for sending money to Nigeria. Our trusted global remittance platform and online money transfer app is the most convenient way to transfer money to Nigeria. It’s safe, reliable and hassle-free.
How can someone send money from Cameroon to Nigeria?
Send money to Nigeria – FAQs
Choose a third party provider like Wise, WorldRemit, or TorfX to make a fast and secure payment directly from your account to your recipient’s account. Send your payment through a provider like Western Union or MoneyGram and have your recipient collect the money in cash at an agent near …