How to Transfer Money with Western Union-This article will show you how to use western union to transfer money from other countries read through for a better understanding and how it works.
Western Union remains a credible and popular choice for sending money from Nigeria to other countries. There are presently 5,000 Western Union outlets in the country, working in partnership with commercial banks and Microfinance banks.
Requirement for transferring money with Western union Online
Using a western money union for transferring money required the following from any interested candidate, below are the requirements;
- Sender’s name, phone number, and address.
- The receiver’s name and country.
- Amount in Naira.
- Acceptable means of identification (any International Passport, Driver’s license, Permanent Voters Card, National Identity Card, BVN).
- An account holder with the bank
- Test question and answer where applicable
- A maximum limit of USD1,000 or Naira equivalent per customer per quarter, as stipulated by the Central Bank of Nigeria.
- Your application will have to be accompanied by information regarding the receiver’s location and possibly his/her bank details as well as a verifiable means of identification as well as the cash to be transferred.
- The outlet will assist in converting the Naira sum into the corresponding destination currency at prevailing Forex exchange rates. In addition, the sender will bear the costs of sending the money abroad i.e the costs of the transaction. This cost will also include a surcharge for Value Added Tax.
See also-How to Transfer Money Online with Paypal
