I have received money from a client through Western Union twice. I had to go to the bank on both periods. The funny thing is not all banks in Nigeria process Western Union payments. For some reason, Guaranty Trust bank doesn’t, as big as they are.
In this post, I will be showing you how to receive Western Union Payments in Nigeria without leaving your home. I will also include a list of banks that process Western Union Payments in Nigeria just in case you live close to any of them.
How do I receive Western Union Payments from Home?
So, the platform that allows you to receive Western Union payments straight to your bank account is Wema Bank’s ALAT. Alat is Nigeria’s first fully digital bank. Their account opening, card collection and verification is all done online from the comfort of your home.
You would need to fill these details after opening an ALAT account (see screenshot below)
Once you have uploaded and filled your details, your account will be verified to receive Western Union Payments and unlocked to other cool features.
How Much Would I Pay to Receive Western Union Payments in Nigeria?
The conversion is usually stated by Western Union during the transfer and the sender pays the processing fee as well. It is also stated on Western Union’s website that US dollar payments in Nigeria are available at no charge to the receiver. So you don’t have to worry about this. The sender pays the transaction fees.
Banks That Process Western Union Payments in Nigeria
Here is a list of banks that process Western Union payments in Nigeria (According to Westernunion.com). You can walk into any of these banks to receive your payments and you would not be required to pay any transaction fees.
– First Bank of Nigeria PLC (all locations)
– Zenith International Bank (all locations)
– Wema Bank (all locations)
– Standard Trust Bank (all locations)
– Oceanic Bank International (limited locations)
– Ecobank Nigeria PLC (limited locations)
– AllStates Trust Bank (limited locations)
– NBM Bank (limited locations)
You would notice Wema bank is on the list. They own ALAT.
So, yeah, that’s it. ALAT also allows you to transfer money and pay bills at any time. You can register by visiting alat.ng and use the referral code: 4RFRB6 so we can both get rewarded.