Things you should know before you Send Money to Nigeria Bank AccountBlogger User October 10, 2019 0 COMMENTS
The first thing that you need to know when you want to Send Money to Nigeria Bank Account is that the person you are sending you is money to must have a bank account. And opening a bank account is not that of a tough process, because all you need is a residential address, and few forms to be filled out. The process over here is not so different from any other country in the world. First, you have to provide your identification in the form of ID card, Driver’s License, or Passport, and for the proof of your residence, you need to provide the utility bill of any kind just to makes sure that this residence is under your name. And for the types of accounts that are opened in these banks are the same as any other bank around the world.
Types of Accounts
First, there is a Savings account, which provides a yearly benefit with a raise in little percentage in your account, and then comes a joint account, which is shared by two or more than two members, and each member has some kind of access than any other member. And finally comes Current Account which is mostly used, and with this account, you can Send Money Online with Debit Card anywhere around the world. Including debit card, you will also receive a Cheque book and monthly statement of all of the activities in your account. But if you are just traveling to Nigeria just for tourism then there are few banks as well that do not require your home address to open your bank account, and you can easily receive money to that account now. First, you must understand about the bank card, which you will receive from them. The card that you will receive known as a debit card and this card allows you to withdraw the cash in your account from any ATM machine in the streets. Finding an ATM machine is not that hard, because you can even find them through Google Maps.
And in order to use that card, you must have a 4-digit pin code, and make sure that no one finds out that code. Because this code is the last line of security between you and your bank account. Furthermore, you must understand that you also have to pay a few charges every month being the owner of the current account. And if your intention to stay in Nigeria is longer than a year then you have to pay the annual card fee, which is not that high. Now comes the process where you receive the money from your family living in your hometown. There are several methods just for the banks for you to receive the cash. First comes the inter-link bank transfer. This method includes a series of banks all around the world connected to each other, and if you are having a bank account in one of them then you can transfer cash in others through online banking after paying the transfer fee.
The next one is the wire transfer, with that, the sender will send the money to you without any lengthy process, and you need not have a bank account for that process. But if you want all of your cash to be received in your bank account then you are going to need a remittance account for that, and money will be transferred directly to your bank account. No doubt, that having your cash in a bank account is one of the safest things for having no fear of being robbed. But on the other hand, if you have decided to keep all of your cash to yourself, or if you are going to travel to a remote land where there is no town or facility of an ATM or bank. Then you can simply receive cash through online money transfer services by different companies such as ACE Money Transfer, PayPal, and MoneyGram, etc.
These services are no doubt safe for the transfers, but the guarantee of transfer is just until you get cash in your hand. So make sure that you should only use these services for the safe amount of cash, and that amount should be able to cover your traveling expenses for a few days only. Now if you are looking for reliable service to use then no doubt ACE Money Transfer should be your first priority because they provide the best secure transfer for their customers at very affordable rates. And above all, they provide their service in more than 60 countries around the world; still, they are establishing their services points to more parts of the globe as well. Due to this, you have to benefit from receiving the cash to Nigeria from anywhere around the world, unlike other money transfer services that provide their services in just the limited parts of the world.