Home Finance Best Banks for Western Union in Nigeria

Best Banks for Western Union in Nigeria

Western Union is a global money transfer service that allows you to send and receive money quickly and easily. It is one of the most popular money transfer services in the world, and it is available in over 200 countries and territories.

In Nigeria, there are a number of banks that offer Western Union services. However, not all banks are created equal. Some banks offer better rates and fees than others, and some have more convenient locations.

To help you choose the best bank for Western Union in Nigeria, we have compiled a list of the top five banks that offer Western Union services.

Top 5 beat Banks for Western Union in Nigeria

1 Guaranty Trust Bank (GTBank)

GTBank is one of the leading banks in Nigeria and offers a wide range of financial services, including Western Union money transfer. GTBank has a large network of branches across the country, making it easy for customers to access Western Union services.

To send money using Western Union at GTBank, customers can visit any GTBank branch and fill out a Western Union form. The form requires the sender’s name, address, and phone number, as well as the recipient’s name, address, and phone number. The sender must also provide the amount of money to be sent and the currency.

Once the form is completed, the sender must pay for the transaction. GTBank charges a sending fee for Western Union transactions, which varies depending on the amount of money being sent. The sender can pay for the transaction using cash, a debit card, or a credit card.

Once the transaction is paid for, the sender will receive a Money Transfer Control Number (MTCN). The MTCN is a unique number that is used to track the money transfer. The sender should provide the MTCN to the recipient so that they can collect the money.

 2. Zenith Bank

This is the second on my list. Zenith Bank is another leading bank in Nigeria that offers Western Union money transfer services. Zenith Bank has a wide network of branches across the country, making it easy for customers to access Western Union services.

To send money using Western Union at Zenith Bank, customers can visit any Zenith Bank branch and fill out a Western Union form. The form requires the sender’s name, address, and phone number, as well as the recipient’s name, address, and phone number. The sender must also provide the amount of money to be sent and the currency.

Once the form is completed, the sender must pay for the transaction. Zenith Bank charges a sending fee for Western Union transactions, which varies depending on the amount of money being sent. The sender can pay for the transaction using cash, a debit card, or a credit card.

Once the transaction is paid for, the sender will receive a Money Transfer Control Number (MTCN). The MTCN is a unique number that is used to track the money transfer. The sender should provide the MTCN to the recipient so that they can collect the money.

 3. First Bank of Nigeria

First Bank of Nigeria is one of the oldest and largest banks in Nigeria. First Bank offers a wide range of financial services, including Western Union money transfer. First Bank has a large network of branches across the country, making it easy for customers to access Western Union services.

To send money using Western Union at First Bank, customers can visit any First Bank branch and fill out a Western Union form. The form requires the sender’s name, address, and phone number, as well as the recipient’s name, address, and phone number. The sender must also provide the amount of money to be sent and the currency.

Once the form is completed, the sender must pay for the transaction. First Bank charges a sending fee for Western Union transactions, which varies depending on the amount of money being sent. The sender can pay for the transaction using cash, a debit card, or a credit card.

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Once the transaction is paid for, the sender will receive a Money Transfer Control Number (MTCN). The MTCN is a unique number that is used to track the money transfer. The sender should provide the MTCN to the recipient so that they can collect the money.

 4. Access Bank

Access Bank is a leading retail bank in Nigeria that offers a wide range of financial services, including Western Union money transfer. Access Bank has a large network of branches across the country, making it easy for customers to access Western Union services.

To send money using Western Union at Access Bank, customers can visit any Access Bank branch and fill out a Western Union form. The form requires the sender’s name, address, and phone number, as well as the recipient’s name, address, and phone number. The sender must also provide the amount of money to be sent and the currency.

Once the form is completed, the sender must pay for the transaction. Access Bank charges a sending fee for Western Union transactions, which varies depending on the amount of money being sent. The sender can pay for the transaction using cash, a debit card, or a credit card.

Once the transaction is paid for, the sender will receive a Money Transfer Control Number (MTCN). The MTCN is a unique number that is used to track the money transfer. The sender should provide the MTCN to the recipient so that they can collect the money.

 5. United Bank for Africa (UBA)

UBA is a leading pan-African financial services group that offers a wide range of financial services, including Western Union money transfer. UBA has a large network of branches across Nigeria and in other African countries, making it easy for customers to access Western Union services.

To send money using Western Union at UBA, customers can visit any UBA branch and fill out a Western Union form. The form requires the sender’s name, address, and phone number, as well as the recipient’s name, address, and phone number. The sender must also provide the amount of money to be sent and the currency.

Once the form is completed, the sender must pay for the transaction. UBA charges a sending fee for Western Union transactions, which varies depending on the amount of money being sent. The sender can pay for the transaction using cash, a debit card, or a credit card.

How to Send Money Using Western Union

Sending money using Western Union is a simple and easy process. Here are the steps on how to send money using Western Union:

Step 1: Choose a bank

The first step is to choose a bank that offers Western Union services. You can use the table above to compare the rates and fees of different banks.

Step 2: Create a Western Union account

Once you have chosen a bank, you will need to create a Western Union account. You can create an account online or at a bank branch.

Step 3: Fund your Western Union account

Once you have created an account, you will need to fund your account. You can fund your account using a bank transfer, a credit card, or a debit card.

Step 4: Send money

Once your account is funded, you can send money. To send money, you will need to provide the following information:

  • The recipient’s name
  • The recipient’s country
  • The amount of money you want to send
  • The payment method

Once you have provided all of the required information, you can click the “Send” button. Your money will be sent to the recipient within minutes.

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How to Receive Money Using Western Union

Receiving money using Western Union is also a simple and easy process. Here are the steps on how to receive money using Western Union:

 Step 1: Choose a bank

The first step is to choose a bank that offers Western Union services. You can use the table above to compare the rates and fees of different banks.

Step 2: Create a Western Union account

Once you have chosen a bank, you will need to create a Western Union account. You can create an account online or at a bank branch.

Step 3: Provide the sender with your information

Once you have created an account, you will need to provide the sender with your information. You will need to provide the following information:

  • Your name
  • Your country
  • Your bank account number
  • Your phone number

Step 4: Collect your money

Once the sender has sent the money, you will be able to collect it from your bank. To collect your money, you will need to provide the following information:

  • The sender’s name
  • The amount of money you are expecting
  • Your Western Union tracking number

Once you have provided all of the required information, you will be able to collect your money.

Fees and Charges

Western Union charges a fee for sending and receiving money. The fee varies depending on the amount of money you are sending, the country you are sending it to, and the payment method you are using.

 Sending fees

The sending fee for Western Union ranges from $0 to $49.99. The fee is based on the amount of money you are sending and the country you are sending it to.

Receiving fees

The receiving fee for Western Union ranges from $0 to $10.00. The fee is based on the amount of money you are receiving and the country you are receiving it from.

Conclusion

Western Union is a fast, easy, and reliable way to send and receive money. It is available in over 200 countries and territories, and it is offered by a number of banks in Nigeria.

When choosing a bank for Western Union, it is important to compare the rates and fees of different banks. You should also consider the convenience of the bank’s locations and hours of operation. Thanks for reading! 

FAQs

Does Zenith Bank have Western Union?

Yes, Zenith Bank does have Western Union! In fact, it offers Western Union as one of the options on its International Money Transfer platform. This means you can send and receive Western Union transfers through Zenith Bank in several ways.

How much does Western Union charge to send $100?

  • Online: Fees can range from $0.65 to $3.76 for bank-to-bank transfers and slightly higher for cash pickup.
  • Mobile app: Similar fees apply as for online transfers.
  • In-branch: Fees tend to be higher than online or mobile options, typically starting around $5.

Can I receive dollars in my OPay account?

Yes, you can actually receive dollars directly into your OPay account! This is thanks to their partnership with WorldRemit, a leading global money transfer service. Here’s how it works:

  • Your our friend or family member abroad can send you money through WorldRemit’s website or app. They’ll need to choose Nigeria as the destination country and select “OPay wallet” as the payout method.
  • You’ll need to share your OPay phone number with the sender. This ensures the money gets sent directly to your account.
  • Once the transfer is complete, the dollar amount will be converted to Naira and credited to your OPay wallet instantly. You’ll receive a notification on your phone app.

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