How To Receive And Send Money From Nigeria: Western Union,Money Gram,Domiciliary Account Wire Transfer


This article contains legitimate and cheapest way of receiving money from abroad and different online payment options and methods for Nigerians
some of the methods include Western Union,Money Gram,Domiciliary Account Wire Transfer,Paypal,Payoneer Mastercard,World Remit,Cheque Etc

Just like every other country,Nigerians perform online operations that require making payments and receiving payments.
However some Nigerians and foreign based individuals still do not know how to safely send money directly to Nigerians and like wise Nigerians still dont know how to send money to other international countries safely.

This posts carefully explains quickly the safe ways and methods of sending and receiving money from Nigeria.

I will also explain the steps involved so that you will find it easy to understand.

Some of the International countries you can send money to and receive include:

  • United Kingdom (UK) 
  • United States of America (USA)
  • India
  • Denmark
  • Dominican Republic
  • Kenya
  • Philippines
  • UAE
  • Malaysia
  • Germany
  • Indonesia
  • Jamaica
  • China
  • Pakistan
  • Cameroun
  • Ghana
  • Singapore
  • Russia
  • Qatar
  • Namibia
  • Mexico

  • --
  • Kuwait
  • Japan
  • Iran
  • Egypt
  • South Africa
  • Uganda
  • Canada
  • Albania
  • Algeria
  • Argentina
  • Armenia
  • Australia
  • Belgium
  • Botswana
  • Bulgaria Etc

Ways To Receive And Send Money From Nigeria:

1. Western Union International Money Transfer

Western union is one of the safest and most popular ways to receive money from abroad.

With western union you can receive payment from anywhere in the world. You will receive the money into your account and it will be changed into the naira equivalent,as it is the most recent banking policy in Nigeria.

Before you would have the option of withdrawing the foreign currency and changing it at any bureau de change to get better deals but that has been stopped by the central bank of Nigeria.

Almost most popular banks in Nigeria offer western union international transfer transactions, also you can send money through western union.

To receive money from western union international money transfer,you must present the following details:

  • Your full name
  • Phone number 
  • Address.

A valid form of identification Examples:
  • An international passport
  • National ID card
  • Drivers license
  • Permanent voters card

Before you can receive payments,also fill out the details below:

  • The Sender’s name
  • Country  
  • City where the money was sent from via western union
  • Money Transfer Control Number (MTCN) which would be provided to you by the sender.
  • The amount you are expecting to receive in Naira equivalent.
  • A test question might be asked and you will provide the correct answer, the sender will tell you the answer.
  • --
  • You cannot receive more than $5,000 US Dollars per sender.

Although this process is very speedy,there are charges for every transaction and it might not be conducive for small money transactions.

2. Quickteller - Western Union

If you have a Quickteller account you can also receive money instantly into your Nigerian bank account with no stress. 

Check Out!: 70 Ways To Earn Over $1000 Monthly In Nigeria 

To receive money from abroad via Western Union Quickteller just follow the steps below:

  • Create a quickteller account at 
  • log in to Quickteller, select the ‘Send and Receive Money option’
  • Select the ‘Western Union’ option
  • Choose your local bank i.e UBA,GTBank, etc
  • Choose Naira as your currency
  • Select ‘Receive money now’
  • A new page will pop up and open 
  • Enter the details asked for on the ''Receive money page''

  • --
  • Input the necessary required details like:
  • Sender’s country
  • Money Transfer Control Number (MTCN)
  • Receiving account Number
  • Your account type (savings/current)
  • The amount you are receiving Etc
  • Select ‘Continue’
  • Confirm your details

The equivalent of the money sent to you will reflect in your Nigerian naira account.

3.Domiciliary Account - Bank Wire Transfer

A Dorm Account or a domiciliary account is your local account that allows you to withdraw and receive money here in Nigeria.

This is one of the easiest way to receive money in Nigeria and also the most popular way to receive local and foreign money transfers in Nigeria.

How to send money to a domiciliary account:

  • Walk into any local top bank in Nigeria like GTBank, First Bank, Stanbic IBTC, UBA and request to open a domiciliary account.
  • Make sure you can provide this details:
  • Two referees who have non-salary current accounts over six months old.
  • Minimum 100 US Dollar is also required ie if you want to open a dollar based domiciliary account,but if you want to open a naira domiciliary account,then $100 wont be applicable,Also note that Nigerian banks have different bank account opening policies,and some don't ask for any fee to open an account,while some banks charge.

When you successfully created a domiciliary account,some one can be able to send money directly into the account.

4. MoneyGram International Money Transfer 

Moneygram is somehow similar to Western Union.


To send or receive money through money gram just walk into any local Nigerian bank,preferably the one you opened your domiciliary account with.

You can also look out for the Money gram logo or western union logo,most banks display the moneygram - western union  logo - stickers for potential customers to walk in.

How to receive money through Moneygram:

  • Walk into any bank offering moneygram services.
  • A form will be presented to you,fill out the necessary informations.
  • Input your 8 digit transaction reference number,given to you by the sender.
  • Input the name of sender
  • Country of sender
  • Your name
  • Phone number
  • Address
  • Test question and the answer,given to you by the money sender.

After providing the correct details,the money sent to you will be transferred to your local Nigerian bank account.

5. PayPal Money Transfer

I have been wondering why Paypal doesn't allow Nigerians to receive money,but they can send money via paypal to someone in another country.

However do not try to receive money using paypal in Nigeria because once detected,your money will be frozen,but you can still make payments,hopefully with time,paypal will start allowing Nigerians to start receiving money.

6. Payoneer

One of the most popular ways of receiving payments in Nigeria from other countries is via Payoneer account and Payoneer Mastercard.

Payoneer is an international electronic payment card that can be used anywhere in the world,it processes international online payments and its mastercard can be used worldwide to withdraw money,and just for the records Payoneer is absolutely free.

To receive money with Payoneer in Nigeria, just log on to and create an account.

A virtual bank account number will be given to you which you can use to receive money from overseas.

You will be sent a Payoneer mastercard which you can use to withdraw the money sent to you and can also use Payoneer to send money overseas.

You can also withdraw your funds and send it to your local Nigerian bank using Payoneer’s new service called 'Withdraw to Bank',that enables you to withdraw your money in naira directly from your Nigerian local bank.

Payoneer is also very fast,your cash will be available within 3 working days and withdrawal is free of charge,all you need to do is to set up your account once.

8. World remit

Another less popular but effective way to receive money sent to Nigeria from foreign overseas countries.
World Remit money transfer service offers low cost instant bank deposits to any local bank account in Nigeria.

How To Send-Recieve Money Via World Remit

  • Log on to
  • Select the country you want to transfer money to.
  • Select recipient's method of receiving money.
  • Type the amount to be sent
  • World Remit’s transfer fees and exchange rates will also be listed on the page
  • Input receiver’s details
  • Send the money with available methods you prefer
  • On successful transaction, a payment sms notification message and an email will be sent to you and the receiver simultaneously.
Receiver option available to Nigerian recipients include 
  • Bank deposit
  • Cash pickup at World Remit agent offices in Nigeria
  • Mobile Money 
  • Mobile Airtime top-up.
Listed above are the popular and verified ways of receiving and sending money to Nigeria,listed below are also some other less popular ways of sending and receiving money in Nigeria that you can also check out.

They are:
  • Smallwordfs
  • Transfast
  • Remittanceprices
  • Ria money transfer
  • Skrill
  • Cheque
  • 2Checkout
  • Transferwise
  • Worldtrust
  • Azimo
  • Worldfirst

Do you know any other legit,safe,fast and secured way to send and received money from Nigeria?

Don't hesitate to tell us in the comments section.


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