How To Get International Money Order In Nigeria: This post will explain how to complete an international money order in Nigeria in 2022. International money orders are a method of sending modest amounts of money to someone in another country. This essentially ensures that money is transferred abroad to a recipient known as the payee, with the assurance that they will receive their funds without any issues, and it is a very trusted process that requires valid means of identification to be thoroughly scrutinized in order to establish with certainty that the person being paid is the true owner of the electronic account being funded.
If you live in Nigeria and wish to send or receive payments to or from overseas, it is critical that you seek out a reputable financial institution, in this example, a bank, to complete your international money order. Most financial institutions in Nigeria cooperate with leading third-party worldwide money transfer businesses such as Western Union and MoneyGram to process foreign money orders. Zenith Bank, GTB, UBA, and First Bank are just a few of the reputable institutions in Nigeria that can ensure your international money order is processed efficiently.
TRUSTED CHANNELS FOR INTERNATIONAL MONEY ORDER IN NIGERIA
The following are reputable avenues for completing an international money order in Nigeria in 2022:
WESTERN UNION MONEY TRANSFER VIA FIRST BANK OF NIGERIA LIMITED
It’s unsurprising that Nigeria’s apex bank, First Bank, has developed a high level of trust since its foundation in 1894.
This bank is a very reputable financial institution in Nigeria for Western Union international money orders. One does not have to have a bank account to use the Western Union Money Transfer service. To place an international money order with First Bank, please visit any First Bank branch in the country with the following information: the receiver’s bank details, location, a valid form of identification, and the amount to be delivered to the receiver.
INTERNATIONAL MONEYGRAM TRANSFER VIA UBA
United Bank For Africa (UBA) is a pan-African bank located in Nigeria, and no one performs international money transfers better in the country than UBA via their MoneyGram service. Whether the payments are inbound or outgoing, MoneyGram via UBA is a reputable provider that can even handle interbank transfers within the country. To accomplish this, you should visit any UBA bank in Nigeria and request a MoneyGram form for international transfer, complete the required information, and your international money order will be executed.
DOMICILIARY ACCOUNT VIA GTB AND ZENITH BANK
International money orders can be easily executed in Nigeria nowadays if you have a domiciliary account with a reputable bank such as GTB or Zenith Bank. At GTB, you can open a domiciliary account for free and fund it with a minimum of $100 for a dollar account, however at Zenith Bank, you must fund the account with $1000 to ensure a smooth account opening process.
You may also open a dorm account in any of the major world currencies, such as Pounds, Euros, or Yen, and once this is established, you will be able to send and receive foreign currencies without any difficulty, placing your international money orders with ease.
To initiate transfers via your domiciliary account, you will be provided with the following information to complete:
- Account Name
- Account Number of the Recipient
- SWIFT Code of the Bank
- Name and Branch of the Bank
- Routing Number of the Bank
- The amount you are transferring
- Your bank account information