Following the new directive from the Central Bank of Nigeria, bank transfers to Nigeria can only be sent in US Dollars to USD accounts. Right now transfers to Access Bank, FCMB, Fidelity, First Bank, GT Bank and UBA will be available. We are working to add more banks in the coming days.
- Can I transfer money to any bank account in Nigeria?
- What type of bank accounts can I send money to in Nigeria?
- When will funds be credited to bank accounts in Nigeria?
- What currencies can I transfer to bank accounts in Nigeria?
- How much can I send to bank accounts in Nigeria?
- What information do I need from my recipient for US dollar bank transfers to Nigeria?
- How do I open a USD domiciled account?
Can I transfer money to any bank account in Nigeria?
You can transfer money to Access Bank, FCMB, Fidelity, First Bank, GT Bank and UBA USD domiciled accounts in Nigeria. WorldRemit is working hard to add more banks for USD bank transfer in the coming days.
What type of bank accounts can I send money to in Nigeria?
You can send money to all USD domiciled Checking/Current Accounts and Savings Accounts, with Access Bank, FCMB, Fidelity, First Bank, GT Bank and UBA.
Please note: Because of local regulations, you cannot use WorldRemit to send money to business accounts in Nigeria.
When will funds be credited to bank accounts in Nigeria?
It will take up to 1 hour for your bank transfer to arrive. We may need more information from you before we can process the transfer, to follow mandatory regulatory requirements. We will contact you immediately via email, if we require further information.
What currencies can I transfer to bank accounts in Nigeria?
At the moment, bank accounts in Nigeria will receive US dollars only. The bank account must be with Access Bank, FCMB, Fidelity Bank, First Bank, GT Bank or UBA and should be a USD domiciled account.
How much can I send to bank accounts in Nigeria?
You can send a maximum of USD 5,000 per day.
There may be lower limits depending on the country from where you are sending the money, along with the payment method used for the transfer. Please see the relevant sections in Payments for further information.
What information do I need from my recipient for US dollar bank transfers to Nigeria?
- Full name
Enter the recipient’s full legal name. To avoid any delays, the recipient’s name must exactly match their name on the bank statement.
You will need to enter the recipient’s city to transfer funds.
- Account details
To enable the transfer, we need the following:
- Recipient’s Bank Name
- Recipient’s Account Number (Account numbers are generally 10-digits long)
- IMPORTANT: The account details should refer to a USD domiciled account
- Bank Verification Number (BVN)
All recipients must have a BVN listed at the bank to receive international transfers. Please ensure that this step has been completed by the recipient before sending money, to ensure there are no delays with the transaction.
- Mobile Number
We use the recipient’s mobile number to send an SMS notification to inform them when funds are credited to their account.
Please confirm the correct 10-digit mobile number for your recipient. For example, if their number is +234 1234567890, enter only 1234567890 in the mobile number field, without a zero as the first character.
- Email (optional)
We email your recipient with prompt details of the transaction. It is useful in case they have issues receiving SMS notifications.
- Reason for sending money
Choose the reason for your money transfer:
- Family or Friend support
- Purchase of services
- Property payment
- Sending funds to self
Please ensure that all your recipient’s details are correct. Once you make the transaction, it is difficult to amend or stop the transfer, although we will always try our best to do so.
How do I open a USD domiciled account?
If you need a USD account, your bank (Access Bank, Fidelity Bank, First Bank, GT Bank or UBA) will be able to help you. Generally, you will need to follow these steps:
- Ensure you have scanned copies of your important documents, which may include:
- Passport size photo
- Utility bill (not more than 3 months old)
- Bio-data page of your passport
- ID card
- a reference form from your bank
- a signature mandate card from your bank
- Go to your bank's website, and start an application for a USD domiciled account. You will be prompted to:
- Upload your documents
- Fill out your contact details
- Fill out other details, as necessary
- Wait for the bank to approve your application