Let’s talk about the ways on how to send money to a Nigerian Domiciliary Account with ease.
If you’re in Nigeria and are into foreign transactions, you definitely would be dealing in foreign currencies (it’s not rocket science).
And somewhere along the line, the foreign currencies would have to be housed somewhere here in Nigeria;
you might have realized that sooner, and have opened a domiciliary account in any of the banks available in the country.
Even after opening a valid Nigerian domiciliary account, you still have to know the ways by which money is being deposited into it,
And more importantly, how you can send money into it at any time.
It is also useful for people who are abroad and have relations they want to send money to here in Nigeria.
There are a number of ways you can send money to a Nigerian Domiciliary account, but before you can use them to transfer money, you need some certain details from the account you want to send funds to.
This information includes Account Number, Account Name, Bank Name, Branch Address, Routing Number, Swift Code.
You can then approach your local bank branch, and then fill a transfer form.
The information filled therein, are processed and the transfer transaction is promptly initiated.
The other means you can use is Online Banking. It is pretty much equivalent to physically visiting the bank, but the difference is that you can do the transaction anywhere else that you wish.
The mode of operation is still the same however; you fill in the details of the receiver, and submit; it gets processed and effected.
That is how you can easily send money to a Nigerian Domiciliary account. However, there are other methods, like using
Western Union, or Money Transfer.
Bear in mind that regulations and limitations to sending money to a domiciliary account vary from bank to bank.
So, confirm from your bank about amount limits (especially when you’re sending a substantial amount of money)
Also, be aware of legislation and tax rules on transferring money too.
Sending money to a Nigerian Domiciliary account is very straight forward, and convenient.
Whether you’re transferring to a Nigerian domiciliary account from abroad,
or you’re making a transfer to your own domiciliary account, you can easily do it.
You can go to the bank to effect the transfer, use the Online Banking portal of your bank, or use third-party money transfer services.